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Property Management can Protect the Value of a Second Home
Posted by Litchfield Real Estate | Tuesday, November 23, 2021

Second home acquisitions are often inspired by opportunities a particular location provides, like beach vacation destinations. As such, a second home can be an economic investment as well as an investment in lifestyle.

Hiring a qualified, professional property management service provides local, boots-on-the-ground oversight and is a smart way to help maintain the asset value of a second home.

Property management additionally provides convenience and saves time, more than compensating for the nominal expense, particularly for interval ownerships, partnerships and multifamily owner groups.

Oftentimes, second homes are owned by multiple homeowners, either as a way of keeping a beloved family home located in a blossoming travel-to destination or as a way to afford ownership where high demand is driving property prices.

Homeowner groups not only have to protect their investment but must also manage the group. There are schedules to work out, maintenance tasks to delegate, staple goods to restock, home improvements to coordinate, bills to pay, books to balance, annual insurance policies to evaluate, and storm protection to implement.

Life is too short! That second home should be the getaway that keeps on giving, not a job. A seasoned property management service knows who to contact and how to get things expedited.

Property management is the perfect solution for every owner and owner group of a second home. The right management service can make it easy, even a pleasure.

With some of the finest beaches on the east coast plus the enchanting Lowcountry coastal setting, Pawleys Island and the Litchfield Beach communities attract an abundance of second home buyers from diverse regions of the country.

Time-tested for over 60 years, Litchfield Real Estate has long provided the assurance and support out-of-town second home homeowners and owner groups need in the Pawleys Island/Litchfield Beach area.

Litchfield Real Estate has built a reputation of trust and integrity and provides a skilled service with comprehensive attentiveness. Your to-do list is our done list!

Smart homeowners protect their second home investment by working with a property management service, which also means extra time on the beach when in town and peace of mind while away.

Litchfield Real Estate Property Management can:

• Conduct inspections
• Be the primary contact for your HOA, guard gate, neighbors
• Provide access when a key is misplaced or left behind
• Coordinate maintenance and repair work
• Act as liaison with the insurance broker
• Coordinate home improvement preparations
• Coordinate housekeeping for turnovers and deep cleans
• Schedule winterization
• Coordinate storm preparation and follow up inspections
• Manage rental leases
• Provide regular communication with all owners
• Give consideration to other customizable tasks
• Provide confidential bookkeeping/accounting services (optional)
  • Expense disbursements
  • Quarterly bank statement reconciliations
  • Quarterly operations statements
  • Owner billing and collections
  • Annual owner meeting preparations/recordkeeping