Vacation rental managers are constantly facing new threats. Owners decide to self-manage, hotels are beginning to creep into the vacation rental space, and the large vacation rental management companies are growing at a rapid pace. With the consolidation of the industry happening so quickly, it is more important than ever for managers to recruit and retain owners today.
In this VRMA webinar, Andrew McConnell and Cliff Johnson, of Vacasa, delved into an innovative approach that is helping managers rapidly grow: guaranteeing homeowners rental income for the year. In combining vacation rental management with the traditional fixed-rent contract, managers can quickly entering new markets, making themselves more marketable to homeowners, and keeping 100% of the profit. Not only can this approach help managers stand out from the crowd, it can also serve as an important tool for increasing one’s control (and one’s margins) in this ever more competitive industry.
In this webinar, property managers learned the benefits of fixed-rent arrangements, how to write and structure a fixed-rent contract, how to calculate profitable fixed-rent offers, and how to market this arrangement to homeowners.
In case you missed it, you can download the slides and see relevant resources for property managers below:
View the slides here.
For additional resources:
If you have any questions or comments or are looking to grow your business as a professional manager, please reach out to us here, or call us at (404) 421-6096.