Challenge: Help a first-time vacation homeowner get this new vacation rental off to a profitable start.
Oscar became a vacation rental owner in July 2017. He lives abroad most part of the year, so having a reliable company to completely manage his property is the key to the success of his vacation rental.
“I bought this property as an investment, and when I asked my realtor for the rental background I realized that it has had 45% occupancy over the last year. At that time, the former property manager told me that I was going to achieve a 55% maximum if I was willing to make an additional 20k investment. That didn’t seem right! ”
He put together all the information, service offers, quotes, and compared costs to the detail. Then he chose the company that better served his needs.
“When I contacted Regal Managers, they prepared a customized business case for me. And actually, they have even exceeded their promises because we achieved 93% occupancy in the last 5 months. In other words, this year’s occupation doubled what it had achieved before! Now I can say that owning a vacation rental is really a good investment”.
-Oscar D., Homeowner
Time with REGAL Managers: 10 months
Occupancy in the last 10 months: 87%
Income Last Quarter: $ 13,456*
* The reported income refers to a property purchased at $ 150,000.
Nights Occupied: 264
Occupancy Jan-May 2018: 93%
Income Monthly Average: $ 4,485*

