I hate them. I seriously would have done far less ornamental woodwork on our house if I knew it would be such a battle.
I have had mixed results with the traps. Some years I will get 10-15 bees in a trap, but so far this year I only got 1-2 per trap (I probably have a dozen traps around our home, barn, and boat house). I have found that I need to periodically check the trap boxes since wasps love to nest in them, and then the bees won't go into the traps. Some of my traps are fixed in place with a screw, but others hang from a nail with a string so I can move them around if I think another area needs help.
My other strategy is to watch the bees and let them lead me to their holes, or just look for new holes. I treat the holes with Drione dust (silica-based desiccant dust with pyrethrum). The dust lasts for a few months, so once you treat a hole, you kill any bees that are active, any bees that go into a hole to check it out, and any bee larvae in the tunnel that mature and try to exit the hole. It's recommended to cork the holes after treatment so that the dust lasts longer (to kill maturing larvae longer) but I only do that for holes that are easy to get to (and I always wait at least 24 hours to allow active bees to come/go in the holes).
I have a small hand held duster and a "Dustick" which is a duster that can be assembled in 7, 14, or 21' lengths. That lets me treat holes around my home, barn, and boat house without a ladder. It was about $250 but totally worth it!!
The other day I was working down on my dock and noticed a half dozen bees buzzing around my boat house. I am particulary protective of the boat house because it was a challenging project to build (don't want to do it again), and I was real serious about wind loads and building it to survive hurricanes. I know having all those bee holes in the structure can only be a bad thing -- it has got to weaken structural lumber for sure. I treated about 10-12 holes and saw at least 4-5 bees die. I also watched one bee look for it's hole for a good 10 minutes and concluded they must be dumb as mud or blind as a bat, or both. That dummy female buzzed up and down the fascia board and was trying real hard to find her hole, which I could see plainly. She'd come within inches of it but not see it. I finally got bored and left. If she finds her hole, the dust will get her within seconds.