All Forum Posts by: Monika Haebich

@Curt Davis @Tim Booz, see the response above. Just figured out how to actually tag people :) 

@Curt Davis, it is riskier for management companies, but when the market share for vacation management companies has gone from 100% to 40%, a lot of companies are going to need to take risks to stay in business. The managers we work with have actually told us that they're making 40% more profit with our model while retaining more control over how they're managing their properties. 

@Tim Booz, we work primarily with vacation/short-term rentals (hence the company name), but we do work with traditional monthly/yearly leases as well. 

Hi Kim,

Good to see more fellow NYers on here! I work with several managers in Cape Cod. If you're going to be living in NY, have you considered working with a guaranteed rental income model? I'd be happy to connect to speak more.

Best of luck! 

Eric,

Definitely! I'll message you to see if I can help out with a PM in Vegas. 

Andrew, sure! So rather have you pay a commission or fee to one of the PMs for turnkey service, you would be asking the two managers to compete to offer and pay you a guaranteed amount based on what you planned to net. Essentially, the managers would be paying you for the right to manage the property and buy out your weeks, and I'd give my business to whichever manager could offer more. 

My business currently works with 300+ managers who make offers using this model, so I'd be curious to see what you think! 

Hi Ryan,

I'd have to agree with the other comments. We typically see higher returns from SFHs. The HOA fees tend to reduce returns, and we've seen more demand for SFHs.

How much were you looking to invest in the property, and what type of returns are you expecting to see? 

Hi Eric, 

Wow. That is absolutely ridiculous, and I'm sorry that you had such a horrible experience. 

May I ask what company you were working with? That's one I'd certainly want to avoid in the future.

If you ever are in need of turnkey service with guaranteed income (and none of those ridiculous fees), I might be able to help out.

Best of luck! 

Hmm, super interesting topic! @Andrew Lackey, did you end up choosing a solution? I'm curious to know if you've ever considered asking for a guaranteed wholesale net income from both to see which PM could offer more. 

Hi Anthony,

Welcome to the business! Managing properties yourself can be a huge time commitment, and I'm hoping I can offer some help for your situation. Have you considered doing a wholesale rental, which would include no commissions or fees? My company works with a number of Atlanta managers who would be willing to do a guaranteed rental, and if you'd like to schedule a time to speak, I'd love to see if I could help out! :) 

What a great story. Thanks for sharing, @Pavs Doychev.