Not only will we be there to help you determine your goals, we will also help you in choosing the right property when looking to buy a home. Location, size of the home and amenities are a few of the important aspects of a vacation rental property. Once your home is active on our program, we focus heavily on operations. Cleaning and maintenance play a large factor in guest satisfaction, which leads to positive reviews and repeat guests.
It's important to understand your Revenue Goals and we'll help you select the right strategy. Our team has made it easy by giving us 1 to 5 pricing plans, but if that doesn't fit then no problem! We can use a custom revenue goal to fit your needs. Our team will use dynamic pricing, a discount timeline, or offer a free night to ensure your home gets booked and at times, we may lower our commissions.
The homeowner wants maximum rentals, pricing is at our discretion. We will be aggressive in pricing.
The owner wants maximum rentals, pricing is not at our discretion. We will set a rate you are comfortable with and not go below.
You are looking to only rent out the home from Thanksgiving to March 1st along with July and August. We call this seasonal select.
You are looking to rent the home out during the winter months only.
You only want to rent your home out on the Holidays and a few other big days.
There are many strategies we use to maximize your rent per home but also keeping the days rented to the fewest. There are so many details that are important to discuss.
This is the most commonly asked question, "How much money can the home make per year." This is not the question to ask but rather how much money can this home net per year. We do have professional projections that can detail this for you.
What would you rather have, a home that grosses $100,000 a year, pay $25,000 in commission, $15,000 in utilities, $15,000 in wear and tear and book for 200 days a year netting you $45,000? Or, the same grosses at $80,000 a year, pay $20,000 in commissions, $10,000 in utilities and $5,000 in wear and tear.... netting you the exact same amount of money at $45,000 a year but with only 140 days a year?
In the above paragraph, the gross receipts might be $150,000 a year because what is not included is the cleaning and taxes that is paid by the guest. Do not be fooled by Vacation Rental Managers or home owners stating a home did $150,000 a year. Ask the questions, what did it net?
We have a rates team that examines every booking that comes in and then compares to published rates and last years earnings per home. At that time, we decide to raise or lower rates per home. This is done daily to stay ahead of the competition and to get your home booked for the best price.
Our system sends out daily emails warning our rates team when homes are booking too fast or too slow.
We run promotions all the time that state if a guest is the first to book in a shoulder season month they can get 25% off. This means the guest is paying below market rates and the home owner nets the same amount. Destination Big Bear basically rents out the home commission free.
Destination Big Bear at our cost will install noise alert hardware and software on your home. This system will notify us if the guests average noise is rising as it seems to do when a group is starting to get out of hand. Our office can receive notifications 24 hours a day, 7 days a week, 365 days a year. We considering these notifications high priority and visit the home immediately with strong warnings and the authority to evict the guests.
Destination Big Bear has dedicated staff that will speak to every single guest prior to their arrival to detail possible trouble things about the home. Steep driveway, open lofts, close neighbors, boat docks, specific parking requirements, etc.
When we pay vendor bills on your behalf we do mark them up 10 or 15% like other companies do. We do charge a $10 processing fee.
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