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Introduction. Michael Austin Vice President, HomeRun Advantage A Resort Collection Company. Too personal remove it. Dumb joke about a bartender. Obscure reference to Pygmy's. Dumb joke about clowns. Inane quip. Suggested edits. Rental Management Options.
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Introduction Michael Austin Vice President, HomeRun Advantage A Resort Collection Company
Too personal remove it Dumb joke about a bartender Obscure reference to Pygmy's Dumb joke about clowns Inane quip Suggested edits
Rental Management Options • Professional Management Company • DIY Management
Professional Management Company • Stability – Not quick to change • Consistency – Repetition of delivery • Quality – Aware of “Brand” reputation • Accuracy – Purposeful delivery • Efficiency – Systems driven
DIY Management • Greater ROI – No “middle men” • Asset Protection – Direct involvement = peace of mind • Guest Control • Reservation selection – Be selective • Guest Service – Get the guest involved • No Usage Restriction – Stay anytime • No Standard to Maintain – “But I don’t need a $600 Dyson vacuum in my rental..”
Why do vacation rental owners self manage? • Because they can • Because they must
Attention Vacation Rental Owners: Are you tired of paying too much for services that should be covered in your rental agreement? Is your real estate investment being treated like a cheap motel? Shouldn’t you collect 100% of the rental income that your vacation rental creates? Are you tired of splitting your rental revenues with your management company? Well now there is a solution Get all of the Managed Service that you want and nothing that you don’t with HomeRun Advantage
Services from a Menu Sales and Marketing • Reservations • Marketing Services • VRBO Listing generation • Virtual Tours Accounting Services • Sales service • Fees payable to the Division • Revenue summary Check-In • Entry Code Coordination Housekeeping Services • Cleaning of unit • Sundry replenishment Maintenance Coordination • Emergency Management Response Team Asset Protection • Inventory and Inspection of all unit items • Guest damage coverage Lodging Operation Services • Routine maintenance services • Specialty amenity delivery • Rental Insurance • Charge rental guest for damage • Activity Packages • Remodel/Recondition coordination
Our Belief • At HomeRun Advantage, we understand that you own your vacation home and that you paid a premium for it. We further believe that as the owner of the unit you are entitled to 100% of the rental income that your unit generates. We offer management company services from a menu as opposed to requiring all owners to pay a percentage. We are a management company that can tailor our services to your level of comfort and do it all while we maximize your revenues and minimize the cost to your guests! • We offer all the service you want and none that you don’t.
Our Commitment • As a participating member of our team you are guaranteed to never be erroneously billed for items or services that you didn’t specifically request or commission. • You are guaranteed 100% of the rental revenue your vacation home generates. • You will never be required to upgrade, update or otherwise change your vacation home in an effort to conform to the “new standard”. • You are in the driver’s seat concerning all aspects of the rental management service.
Manager markets property and coordinates rental services within the confines of the commission. Guests are charged additional fees that the owner gets no share of. The guest pays $1,075.00 for their stay. After the Manager has paid out the travel agent, the credit card commission, and themselves the owner is left with … $375.00! Examples The “50/50” It’s probably worth noting that the manager pockets $450.00 in this scenario…
Manager markets property and coordinates rental services. All services are either charged to the guest or the homeowner. The management commission is stated as 35%. The guest pays $1,075.00 for their stay. After the Manager has paid out the travel agent, the credit card commission, and themselves the owner is left with … $477.75! Examples 35% ish The manager made $417.75. So much for a 35% commission...
Compare the Differences Compare the typical model HomeRun Advantage This represents the bare minimum of charges you can expect to see on a typical rental statement as compared to our Basic Services plan
Compare the Differences HomeRun Advantage Compare the typical model This represents the bare minimum of charges you can expect to see on a typical rental statement as compared to our Rental Services plan
Your Gain Despite the many financial and economic crisis in the country PEOPLE ARE STILL VACATIONING! In tough economic times it is crucial that the ownership and management of any vacation rental company be cognizant of the consumer and their financial situation. Many companies have slashed room rates in an effort to drive business. Unfortunately, this approach not only affects the rental managers ability to provide service to the customer it reduces the owners profit. As you are well aware it has traditionally been difficult enough to “cash-flow” a vacation rental in the best of times. Well now you can! You can compete • Through this innovative approach to management you don’t have to be concerned with the overhead of the management company. • You will make more money per stay and be able to charge the guest less than the competition! • You can continue to use your own distribution channels that work and let us create the experience