The New Kid In Town
Vacasa Vacation Rental Management
There are several very good local rental management companies to choose from, like Mammoth Rental by Owner, Mammoth Reservations, (and more here: www.MammothLakesResources.com). Vacasa, with nine properties under management so far, is among the newest.
Vacasa provides the returns of listing your property on a site like VRBO.com or Airbnb.com, but with none of the hassle. They are a full service company that takes care of everything from bookings and housekeeping to making sure the propane tank on your BBQ remains filled.
What really sets Vacasa apart from other local property management companies is their financial guarantee.
“If another vacation rental firm currently manages your home, we guarantee that you will earn more during your first year with Vacasa. If you currently manage your home by yourself, we guarantee that you will earn at least as much with Vacasa managing your home, even after our management fee. If not, we will refund the difference, up to the full amount of our management fee”
A company that is so confident they can beat the competition that they will refund the difference if they don’t? I wanted to know how they could make such a claim. I spoke with local Vacasa Manager Emma Romo Haisten about it. She explained to me that Vacasa is able to beat the returns of other companies by utilizing new technology. They have an advanced algorithm and a ‘rates analysis team’ that help set the prices for each rental each night. This helps owners earn more by keeping their rental booked more often at the appropriate rate, similar to how a hotel room or an airline flight is booked. Prices rise or drop with demand.
Even though it is an international company that has won awards from the BBB, Vacasa hires a local team in each city it is in. They have a local manager, reservationist, handymen, and housekeepers. They say on their website, “We hire the best housekeepers in each destination, and we retain them by offering a year-round living wage and plenty of advancement opportunities in an industry known for its seasonal fluctuations.”
They also post all of their listings on VRBO.com as well as their own site, to attract new guests that may not have heard of Vacasa yet. Another neat feature- even if you don’t own property yet, you can request an income projection for the unit you’re interested in to give you an idea for how much money you could make by renting the property through Vacasa. Property management, welcome to the 21st century!
We here at The Dennis Cox + Tara Peterson Group are interested to see how Vacasa does in our local market. Right now they are only managing nine rentals in Mammoth and are working to build their team. How will they stack up against the well-established property management companies in our area? Would you be willing to try a company that is new to our area?
Interested in learning more? You can check out vacasa.com or contact Emma directly at [email protected]
And check out their article in Forbes at: http://www.forbes.com/sites/brucerogers/2016/04/08/eric-breon-builds-vacasa-vacation-rental-service-into-high-growth-business/#1121a6776622
By Shelby Pracht