Is the weeklong rental dead?

Is the weeklong rental dead?
No, but it might be on the endangered species list. It's easy to think that increasing your nightly minimums is a good strategy to boost revenue. There is often an inverse relationship between minimums, occupancy and revenue. A solid understanding of the rental market in your area is key to finding the right balance between nightly minimums that will actually drive increased occupancy and minimums that will kill your reservations.I’ve increased my minimums. Where have all my rentals gone?Owners are often surprised when I tell them that the average stay in Breckenridge, Colorado is around 3.5 nights. This sounds low, but it’s actually within trends that we are seeing nationally. There are some areas of the US that still thrive in the weekly rental market. One market that comes to mind is the Outer Banks In North Carolina. If you’ve ever rented a beach house there, you know that you only have 2...
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Looking for a Vacation Rental Management company in Breckenridge?

Looking for a Vacation Rental Management company in Breckenridge?
Know what you’re getting…6 questions to ask potential property management companies.Selecting a vacation rental management company in Breckenridge can be a daunting task. Not all companies are created equal and it’s important to understand the differences.  From commissions to fees, selecting a company that is focused on your goals is imperative.1) What is your commission and fee structure? Do you charge credit card fees, marketing fees, etc.?Everyone wants to know how much something cost before they buy, but this question is not that simple when selecting a company to manage your home. Most companies are commission based, also called the split. Companies in Breckenridge take between 25% - 50% commission depending on the company and what services they offer. The commission is only part of the question as most companies have complex and often undisclosed fee structures. These fees may include advertising, media, linen, credit card, maintenance as well as other types...
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3545 Hits

Local vs. National Property Management Companies - The Choice is Clear

Local vs. National Property Management Companies - The Choice is Clear
If you own a second home and are looking for a property management company, you have many choices. Among the many things you need to consider is deciding if you want a national or local company caring for your home.While national vs. local may seem to be low on the list of what's important, you may be surprised to learn that there can be some critical differences. Differences that can effect how your home is cared for, your revenue, and the amount of influence you have in achieving your goals. In recent years, several new national companies have burst onto the market like TurnKey, Vacasa, and Evolve. Some offer incredibly low commissions and guarantees, while others promise to help owners book their own properties. There are things that need to be consider before choosing a national company.1) How can these companies offer such low commissions?The simple answer is they can't. The cost of...
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SkyRun Breckenridge

118 S. Ridge Street #4
Breckenridge, CO 80424
970-300-1815

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