Edinboro Vacation Rental Makes The Owner $25474 in 2 Summers
Background
In the small college town of Edinboro, Pennsylvania you’ll find this neat property with 3 bedrooms and 2 bathrooms that Craig has used as a vacation rental over the last few years. In the busier summer months, the town becomes a lake-resort where tourists, locals and relatives of the students come to hang out.
This creates a great opportunity for Craig, as his property is in high demand for short-term bookings in June and July. The short-term renting has generated a solid income when he doesn’t use the property himself.
Since he lives in Alaska and travels a lot for work, we’ve partnered with Craig to take care of this rental and help him maximize his returns while maintaining it.
Our Solution
When he initially searched for property managers, he had a hard time finding the end-to-end service he needed. Too many companies focused heavily on the marketing aspects, but didn’t provide full support for the back-end with cleanings, resupplies and maintenance.
With a busy occupation that requires a lot of travelling, the last thing he wants is to spend his precious free time updating listings and constantly messaging guests.
That’s what made him see our service as the right option for him. After we looked at how his property could perform financially and be maintained during the summer, he chose our “turn-key” full-service management.
The Benefits Of Full-Service
✓ Staging & Listing
We arranged a professional photoshoot and made compelling listings to highlight Craig’s property for the right guests. We also set up digital locks connected to Wi-Fi, security cameras, and other smart features.
✓ Marketing & Bookings
We market the property on major platforms like Airbnb, VRBO, and Booking.com while syncing the calendar across all channels.
✓ Optimized Returns
By tracking the market prices & tailoring the listings to the supply & demand, we kept the property lucrative in those short summer months.
✓ 24/7 Communication
We handled all guest communication, including booking updates, cancellations, check-in details, questions, and friendly reminders to leave positive reviews.
✓ Increased Insurance
We provided more coverage than Craig had in the past, meeting the required standard for short-term rentals.
✓ Cleanings & Check-Ins
We coordinated all cleanings between stays through a professional who follows Airbnb’s 5-step enhanced cleaning process.
We also checked in on the property regularly, restocked supplies, and covered any last-minute contingencies.
Results & Conclusion
Craig has now partnered with us for the last 2 summers, getting a good income from this property without bothering as he’s present with the family during the precious summer months.
Numbers
In the last 2 summers, Craig has gotten 22 bookings and earned $25474 in owner payouts.
Every month we managed the property, Craig got a financial report and property updates to keep an open line of communication.
Your Next Steps
If you have a property that you want help renting out, we can show you a projection of what numbers you can expect with our management.
Take a minute and get a free rental projection from our CFO Erin right here. Then you’ll see the if the numbers for short-term renting make sense for you.
If they do, and we’d be a good fit, we’ll discuss a plan for your property.
“Things have run very smoothly with the house ever since we started, as long as I’m going out of town in the summer we’ll continue working like we are.”