Entering the short-term rental market, homeowners don’t always begin from scratch. Some circumstances include established relationships or existing knowledge, allowing investors like Ed K. to start their vacation rental journey profitably, seemingly as soon as the ink dries on the closing paperwork.
"The previous owners were with Vacasa, so the team knew the property well. I think I found my Sandpiper Cove condo in April. We closed in May, and Vacasa already booked out that summer," said Ed.
Ed's story demonstrates the possibilities of one entrepreneur purchasing an investment property with an established local team. As he sees it, this offers investors like him the opportunity to create a profitable relationship, and leave the grit and grind to the folks at Vacasa.
Ed remained open-minded about the vacation rental management company that would manage his condo at the classic Destin resort of Sandpiper Cove. And while the engagement came with the sale, he explained that he maintained the partnership thanks to Vacasa's ability to deliver exceptional results in the following areas:
"We're in Sandpiper Cove in Destin, Florida. We bought and closed in May of 2019. It's been a great little property that rents out very well. It's been a great investment, and it's gone up in value since we bought it—it pays for itself," said Ed.
When asked where Ed attributes his success, he points to Vacasa by sharing a story of comparing his bookings with a neighbor at Sandpiper Cove.
"I talked to someone by the pool renting their unit through a different company. They asked me, 'How are you doing this summer?' I replied, 'I'm booked for most of the summer.' And they were shocked. So, I returned the question by asking, 'How are you guys during July?' He said, 'We don't have anybody on the books for August and hardly anybody for July.'"
"My unit pays for itself,” Ed said, “and Vacasa's a big part of its success because they keep it rented. It even does well in the off-season."
Ed wholeheartedly recommends Vacasa based on his overall positive experience. In addition to his financial successes, he elaborates that his victories surfaced from a mixture of Vacasa's effective marketing tactics, revenue management strategies, and proactive local support.
"Having a local contact is huge for me. Vacasa does a great job of caring for my condo," said Ed. "I have a guy who handles pretty much everything for me—it's wonderful."
Ed's success story with Vacasa showcases the value of a reliable vacation rental management service focused on building long-lasting relationships with its owners. From the unique features of his property to the consistent efforts of Vacasa, this partnership has resulted in a thriving vacation rental in the picturesque destination of Destin, Florida. "I even told my neighbors renting their units to call Vacasa," Ed concluded.
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Call 888-711-0781 to speak with a Homeowner Consultant, who can answer preliminary questions and see if we’d be a good fit for you.
If you'd like to move forward, we’ll put you in touch with our market expert in your neighborhood to explore the financial potential of your home, outline our management fee, and introduce your local team.
Vacasa offers property management and other real estate services directly through Vacasa LLC and through Vacasa LLC's licensed subsidiaries. Click here for more information about Vacasa's licensed real estate brokerage/property manager in your state. Vacasa’s licensed real estate brokerages/property managers include: Vacasa Alabama LLC; Vacasa Arizona LLC; Vacasa of Arkansas LLC; Vacasa Colorado LLC (Micah Victory); Vacasa Delaware LLC, 302-541-8999; Vacasa Florida LLC; Vacasa Illinois LLC 481.014072, Micah Victory Managing Broker Lic# 471.021837; Vacasa Louisiana LLC, Dana MacCord, Principal Broker, ph 504.252.0155 (Licensed in LA); Vacasa Michigan LLC, 602-330-9934; Vacasa Missouri LLC, Vicki Lyn Brown, Designated Broker; Vacasa Nevada LLC; Vacasa New Hampshire LLC,45 NH-25, Meredith, NH 03253, Susan Scanlon, Broker of Record; Vacasa Minnesota, Broker: Micah Victory, license #40877637; Vacasa New Mexico LLC, 503-345-9399; Vacasa New York LLC, 888-433-0068, Susan Scanlon, Real Estate Broker; Vacasa North Carolina LLC; Vacasa Oregon LLC; Vacasa Pennsylvania LLC; Vacation Palm Springs Real Estate, Inc., California DRE #01523013, Mark Graham, California DRE #00700720; Vacasa Real Estate LLC (licensed in Texas, Debra Brock, Designated Broker); Vacasa Real Estate LLC (licensed in Washington, Robert Brush, Designated Broker); Vacasa Seasonals Inc., California DRE #02160171, Lisa Renee Stevens, California DRE #01485234; Vacasa South Carolina LLC; Vacasa South Dakota LLC; Vacasa Tennessee LLC; Vacasa Vacation Rentals of Hawaii LLC, 69-201 Waikoloa Beach Dr. Ste. #2F17, Waikoloa, HI 96738; Vacasa Vacation Rentals of Montana LLC, Terah M. Young, Licensed Property Manager; Vacasa Virginia LLC; Vacasa Wisconsin LLC; Vacasa Wyoming LLC. In Canada, this advertisement is provided by Vacasa Canada ULC, CPBC lic. number 75826, 172 Asher Rd. V1X 3H6 Kelowna, BC.