Property Management
6 min read

Property Management Best Practices for Luxury Vacation Rentals

A playbook for running a luxury vacation rental: standards, pricing, maintenance, guest communication, and owner reporting.

Property Management Best Practices for Luxury Vacation Rentals

Managing a luxury vacation rental is equal parts hospitality and operations: systems, standards, and fast execution. These best practices help protect reviews, reduce downtime, and keep revenue predictable.

Key takeaways

  • Great management is built on standards (cleanliness, maintenance, response time) and consistent execution.
  • Marketing brings guests in; operations determine reviews and repeat demand.
  • Preventive maintenance + reliable partners reduce expensive “emergency mode” weeks.

1) Set clear standards (and document them)

Luxury guests notice small inconsistencies. The fix is simple: define standards and make them repeatable.

  • Housekeeping checklists (room-by-room)
  • Turnover timelines
  • Inspection photos and punch lists
  • Minimum stock levels for essentials

2) Invest in professional photography and positioning

First impressions matter. Great photos aren’t a “nice to have”—they drive conversion and pricing power.

  • Professional photo shoots (update seasonally)
  • Video/short-form content
  • A clear property story (family villa, wellness retreat, ocean-view escape)

3) Master guest communication and response time

Communication is part of the product.

  • Confirm expectations before arrival (roads, check-in, house rules)
  • Provide a digital guidebook
  • Maintain fast response times for urgent requests

4) Build a preventive maintenance calendar

In tropical environments, small issues become big issues fast.

  • Pool systems, filters, pumps
  • AC servicing
  • Water storage and filtration
  • Pest prevention
  • Landscaping and drainage

5) Pricing strategy: optimize for revenue and reviews

Strong operators balance occupancy and nightly rate.

  • Use seasonal pricing bands
  • Track competitor positioning (not just price)
  • Avoid over-discounting (it often attracts misaligned guests)

6) Owner reporting and transparency

Owners should be able to answer, at any time:

  • What was occupancy and ADR last month?
  • What maintenance issues came up?
  • What’s the plan for the next 30–90 days?

7) Risk and compliance basics

Protect the investment with the basics:

  • Clear rental agreements / house rules
  • Insurance and liability coverage
  • Guest screening process
  • A documented emergency plan (power/water/internet)

Next step

If you want help building a professional operation in Santa Teresa—whether you already own or you’re still buying—start here: Property Management.

FAQ

What does a property manager usually handle?

Typically: guest messaging, housekeeping, maintenance coordination, vendor management, and owner reporting.

Do luxury rentals really need 24/7 support?

For high-end stays, yes. Fast response protects reviews and prevents small problems from escalating.

What’s the biggest mistake owners make?

Under-budgeting for maintenance and standards. Reliability is what guests remember.

Property ManagementVacation RentalsInvestmentHospitality