One of the most critical responsibilities of a vacation rental manager is to ensure that our properties are rented to responsible guests through a guest screening verification process. Having a dependable guest not only protects the property's value but also provides peace of mind to the property owner. Altez Vacations goes to great lengths to ensure that our guest screening verification process is always up to date. Extensive Guest…
The cost of owning a vacation rental varies based on factors like the property's location, type, size, and the amenities you offer. Here's a breakdown of the expenses you might encounter when owning a vacation rental property: Acquisition Costs: This covers the property's purchase price, closing costs, and any renovations or refurbishments to make it ready for renting. Management Fees: Hiring a property management company means accounting for their…
The typical profit margin for a vacation rental can vary greatly depending on a number of factors, including the property's location, the local tourism market, the property's quality and upkeep, management expenditures, and the overall economic environment. Most vacation rental owners strive for a profit margin of 10% to 20%. This range is vast since rental properties and market conditions vary greatly. Profit margin in the context of investment real…
Full-service property management refers to the comprehensive range of services provided by property management companies or individual property managers to oversee and maintain vacation rental properties on behalf of property owners. Full-service property management tries to maximize rental income from the property while limiting the owner's participation and stress. Property Manager Roles: Property Marketing: Property managers are in charge of promoting and marketing vacation rentals through a range of…
In the fast-paced world of vacation rentals, our primary mission is to keep the houses we manage, including yours, in good condition and safe. That is why we strongly recommend vacation rental damage protection insurance. Protecting the Value of Your Property Accidents in properties may and do occur, whether it is a broken decoration or an unintentional wine spill. While security deposits can be useful as a deterrent, they may…
Oh no, the air conditioning has broken! No need to sweat it. Altez Vacations has been building a trusted list of vendors nationwide. We can help arrange and coordinate any repairs that may be needed for your property. Payment options and plans will be organized in the Home Owner Contract.
Maintaining and paying for the homes utilities is the sole responsibility of the homeowner. The goal of Altez Vacations is to generate enough revenue for your property so the rental revenue will cover these expenses.
