Dianna and John already owned some rental properties in both Tennessee and South Carolina. They decided they wanted to buy another vacation rental property in Bradenton. When looking for a property management company, their biggest concern was finding someone they could trust. They were also looking for a company that didn’t have a high rate of employee turnover.
We had been managing this property for 2 years when they purchased it and were able to prove to them how great our service was when they stayed in the property while it was for sale. With this being their first investment in Florida, they wanted to make sure they hired a property manager who would help them accomplish their goals. We proved to them that we could be this partner.
After meeting with Dianna and John, they decided to sign with us and let us continue to rent out the house. When they closed on the house, they planned to change and update the face of it. We were able to oversee the entire remodel for them, as they did not live in the area.
This was Dianna and John’s first rental property in Florida, and being seasoned real estate investors, they knew exactly what they wanted out of a property manager. Their biggest issues with previous property managers were that the property was not kept clean, linens were stained, and they were not able to maintain an inventory of the items in their properties. They were also concerned with their income and how rental prices fluctuate constantly.
We were upfront with them about months that were usually slower and listened to their needs regarding our services. To them, income was key. So we did what we could to maintain their bookings by lowering their rates during slower times of the year. This aspect of revenue management is one of the best parts of the vacation rental industry!
We treat each property we manage as if we were staying in them ourselves on a vacation. When we conduct property inspections our biggest concern is making sure the property is clean and that the people staying in it have everything they need for a relaxing vacation.
Vacation rentals are popular because of the luxury they provide. Vacation rentals may feature a private pool, yard, full kitchen, and multiple bedrooms and bathrooms which is why many families prefer them to hotels. We treat the inventory and overall appearance of the rental as our top priority to make sure you have happy guests and a constant source of income.
We made sure to do a full market analysis before pricing their property in line with both the current market trends and Dianna and John’s personal goals. They wanted to use the house for one month of the year and make sure it was rented out for the remainder of the year, so we focused on picking a price that would encourage bookings and make the rental self-sustainable.
For three years we have successfully managed this rental property for Dianna and John. It has over 38 5-star reviews on HA/VRBO and a cleanliness rating of 5/5.
We now manage another vacation rental property for Dianna and John, which they purchased after seeing great results from us for 2 years. This property is larger than the first and was a much longer remodel, taking 9 months to finish. We began renting it in the winter of 2019.
This second property of theirs is now the highest-earning vacation rental that we manage, earning just under $150,000 in its first year on the market. It has 20 5-star reviews on HA/VRBO and a cleanliness rating of 5/5. We achieved this by focusing on Dianna and John’s goals and ensuring we provided them with great management services.