A quick checklist of associated costs that come with owning & running a vacation rental by week, month, quarter and year When we first began our journey into Vacation Rentals we were a bit naïve; we had not anticipated about half the cost that would eventually be involved. The list is not meant to scare […]
Yes, there are the obvious benefits… Enjoyment Tax write offs Rental Income Retirement But did you expect the benefit of travel? The Travel…. What Travel? You mean to and from my Vacation Rental? Nope! Around the corner, around the country around the globe! When we first purchased our vacation home my husband had read an […]
Probably one of the most common questions I get asked from clients is “do we need 3D drawings?” or “Are they worth it?” When we discuss CAD 3D Renderings or modern “Drawings”. My answer is always the same… “It depends”. Yes…. If you are not a visual person If you cannot make up your mind […]
What you need to know to start off right. When you are starting out it’s important that you make a good first impression with your first renters and then maintain it. They will decide your fate through your reviews. Through years we’ve learned a thing or two about what makes a Vacation Rental enjoyable through […]
5 PART SERIES PART 5 IF ANYONE TELLS YOU THAT DOING IT YOURSELF IS EASY – PUNCH THEM IN THE FACE! Managing a Vacation Rental is work! On a good day it will only take you 15-20 minutes on a bad day 2-4 hours. But is it satisfying, profitable and achievable? Absolutely! Do […]
5 PART SERIES PART 4 The Ugly: Commissions & Fees The rental agency Commission and Junk fees to the tune of 51% $$$$$. They denied it at first until we supplied our accountants numbers. Then management was unapologetic about the numbers saying it was a “run of bad luck” for us. Controlling all the money […]
5 PART SERIES PART 3 The Bad: The Rental Agency were haughtily apathetic to renters we initiated when they were not filling our calendar We found 6 week renters and negotiated with our Rental Agency to split the commission 50/50 so that rather than blocking the house for 6 weeks and they made no […]
5 PART SERIES PART 2 The Good: The rental agency managed everything, every call, every booking They handled our rentals every refill of propane, toilet paper, soap, and every conversation about pool cleaning with the pool man, every issue with the landscaping they dealt with the gardener directly. Immediately on site in an emergency In […]
5 PART SERIES PART 1 Let me begin by saying that I know that not everyone’s Rental Agency experiences are the same. Not everyone comes in to the rental business with the same agenda or expectations, so not everyone can possibly feel alike about the same experience. But this I my story, from my point […]
