In Breckenridge, vacation rentals and lodging are a hot commodity. With the increased number of visitors coming to town during ski season and the summer months, demand is on the rise for quality vacation properties. Which is were you come into the picture. If you’re reading this page and you have a quality property located in Breckenridge, that you’re considering putting on the vacation rental market, please read further.
There are many benefits and pitfalls to putting your property on the market as a vacation rental. Breckenridge vacation rental properties can become an owner’s worst nightmare, or a smooth well oiled money machine. Now don’t misunderstand that statement, I’m not suggesting you’re going to make a ton of money from your property, but you may make a nice return on your investment, or even just mitigate the cost of owning the property.
We have been extremely pleased with Mark as a property manager. He is very caring and competent. Having owned properties in Breckenridge for several years, we have worked with quite a few management companies. Mark provides a very personal approach for both us as the owners and the guests. I have not found this with any other company. He is very concerned with matching the right property to the guest so that they will have a great vacation. ¦ Fredell B. – Houston, Texas
Some property owners have chosen to go the “vacation rental by owner’ route, which is okay, but many find that it’s a lot more work to do it right, then they had anticipated. To maximize revenue, you have to work it. One of the biggest complaints that I receive from guests that have been looking on websites that provide listings of vacation rentals by owner, is they don’t hear back from the owner after they submit an inquiry. I understand why, but many of the prospective guests don’t and get frustrated with their search.
Answering incoming emails and phone calls are just part of the daily routine and it takes a lot of time. Owners of second homes in Breckenridge are successful and busy people, usually with full time jobs and businesses of their own. Adding to their already hectic schedule by answering numerous inquiries from potential guests gets to be a rather daunting task.
With responding to inquiries, just being part of the equation, you have to consider all of the other pieces to the process. In order to maximize the exposure of your property you have to market it. That means getting the property listed on several web based sites and referral networks. Many owners that manage their own properties just use one or two listing service which will greatly limit the exposure of the property. I think one of the biggest advantages of using a professional marketing and management company like I have is the property not only gets exposed on a variety of advertising medias, but maybe one of the most important things is it is part of a group of properties withing stable of the company.
When a potential guest inquires about a single property, that property may or may-not be available, or may not be the right fit for that guest. What do you do if you’re marketing and managing just one property? I have put together a grouping of properties that are very complementary to each other and offer a nice variety, so that a guest inquiring about one property that may not be the best fit, or may not be available have options.
Our family had a great experience renting our vacation home in Breckenridge from Resort Town Lodging. Mark was very professional and responsive to our needs. We will definitely use Resort Town Lodging to rent a vacation home next ski season! Julie P. – Denver, Colorado