Homeowner and Market
Greg and his wife, Katie, are conscientious vacation rental homeowners who want to be involved with the management of their several properties in Park City, Utah. They were working with a local property management company but were unhappy with them because of low rental occupancy and the company’s unpersonalized services. TurnKey turned it all around for Greg and Katie. Their units are now occupied year-round, and they have been thrilled with high-quality property management solutions provided to them. TurnKey has also worked to keep Greg and Katie involved in managing. TurnKey involves home owners in the management process to the degree they desire; that’s the type of flexibility TurnKey provides.
Managing a short-term rental in a mountain town requires a lot of time, technology and expertise, so Greg and Katie partnered with TurnKey as a full-service property management company to manage their rentals with these goals in mind:
- Experience personalized service and full involvement in the management process
- Maximize revenue for both units
- Maintain high occupancy year-round
- Delight guests by making their stay, from booking to checkout, flawless, and convenient
- Total Revenue: $162,000 (114% of their revenue goal)
- Year-Round Occupancy: 85%
- HomeAway/VRBO Review Rating: 4.7 out of 5 stars
- Maximized revenue with increased peak season reservations and extended stays.
The Full Results
TurnKey’s expert local and national teams helped Greg and Katie through every step of the on-boarding process – from arranging hot tub maintenance to answering insurance and income projection questions. TurnKey’s sophisticated rate management helped increase their bookings in every season and maximized their revenue. TurnKey fast-tracked on-boarding of their home to help ensure they were receiving revenue as quickly as possible. Our local account manager worked with Greg and Katie to make sure their amenities were top-of-the-line. Personalized service is a hallmark of TurnKey.
Greg and Katie desired year-round high occupancy to maximize revenue for both units. During ski season, they wanted to have high occupancy; but in the low season, they needed help finding a long-term renter. Their previous property management company wasn’t willing to help find that renter. However, TurnKey worked with Greg and Katie to find suitable long-term summer renters for both units to ensure occupancy was always high. We achieved this by turning to local distribution channels in addition to our nationwide distribution channels.
We have successfully managed their two rentals in two completely different areas of Park City; proving that our flexible company strategies can target and succeed in an owner’s varied goals.
Want to learn how TurnKey can earn you more money and increase your occupancy rate? Schedule a consultation with us here.