The most important thing is to make sure in advance that you will be able to meet your income and expenditure goals if you rent it out. You can create your own spreadsheet, such as an Excel file, to analyze the income you can expect if you rent out your vacation home.
Operation and maintenance costs include building maintenance, utilities, various taxes, insurance, repairs, linen and cleaning costs, and many more.
In addition, it is a good idea to include a reserve fund for building repairs and a reserve fund for purchasing supplies in the budget, just in case something goes wrong. Whenever possible, analyze your anticipated expenses and risks in advance.
In some cases, the management company may have developed and is operating a system that allows you to quickly conduct a series of such operational management analyses. One of the criteria for selecting an operation management company is whether or not it utilizes such a system in its operation management.