When I decided to rent my villa, I considered a management company or managing on my own with a caretaker. I spoke with several people who used a management company and switched to self managed. I asked why and their primary reason was that their place was only rented during the high season and they felt they would be able to rent more months by self managing.
I finally opted to self manage and use a caretaker. I advertise on a website and I don't pay a percentage of the rent to a rental company which, for me, is a plus. I have also been very lucky rent on my own. For the past 19 months, only 4 months were not rented. I never expected to rent during the heat of the summer but have been able to do so.
If you want a "hands off" approach, hire a management company. If you want to be in control of what is happening with your property, I recommend that you self manage.
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