Intent to rent ...
A recent study revealed 74% of owners who purchased a vacation home in 2010 purchased with the intent to rent.
Rental by Owner a popular choice ...
Today 60% of the vacation homes available for rent are rented By Owner
One of the many benefits owners of vacation homes enjoy is the ability to rent their homes while they are not enjoying it themselves. 65% of the 12 million vacation homes worldwide are available for rent on a nightly or weekly basis. By renting their vacation home an owner can offset some or all of the ownership costs. Not a bad deal.
Because owners of vacation homes often live hundreds or thousands of miles away from their vacation homes if they choose to rent their home they need someone local to care for their property and their guests. This is the role of a vacation rental manager.
Traditionally vacation rental managers would also advertise and book the property for the owner and earn commissions of 30 - 50 percent of rental income as compensation for managing the property. This started to change when the internet enabled owners to advertise and book their guest themselves and paying a commission to a property manager no longer made sense.
in 2003 Book by Owner recognized a dramatic shift was taking place in vacation rental management and more and more owners were choosing rental by owner vs traditional property management. But regardless of who was doing the booking, vacation rentals still required ...
As a result Book by Owner developed a unique property management concept for vacation homes rented by owner that delivers these essential services of vacation rental management for a fixed monthly fee. In addition to these essential services Book by Owner also provides many specialized services and solutions upon request.
Today 60% of vacation homes available for rent are rented by owner and there is significant demand for the services we provide. Become a Book by Owner Franchise Partner and take advantage of this growing trend in vacation rental management.