Self-Managing (aka Renting by Owner)
Today, hundreds of thousands of vacation homeowners choose to rent without the use of a property manager. For many, there are 3 main reasons they choose to rent by owner instead of using a property management company.

• Income. You can make more money by saving the management company commissions and handling the rentals yourself.
• Complete control of who rents your property. By talking to each renter yourself, you can better screen who you will allow to stay in your second home, whereas property management companies might not be as particular.
• Availability of vacation rental websites.  Websites like Cyprusinn.com have made it extremely simple and cost effective to rent your vacation home without a middleman.

There are some challenges to renting your home without the use of a property manager, especially from a distance. Finding a reliable cleaning service or housekeeper is probably the most difficult part of renting your vacation home by owner. Your housekeepers are going to be the eyes and ears to your home; they're the ones who are going in there every single week, and they are the ones checking up on the renters, making sure that there was no damage or theft. Since this is such an integral part of renting your home, you need to find someone who is reliable, communicative, and trustworthy.

Although hiring a reliable housekeeper is one of the most difficult parts of renting-by-owner, accomplishing this step will leave you in a really good position for handling rentals yourself.