Showing posts with label Lake of the Ozarks rental condos. Show all posts
Showing posts with label Lake of the Ozarks rental condos. Show all posts

Thursday, August 24, 2017

When is the Best Time to Put My Property on a Vacation Rental Program?

One of the big questions that I am asked quite often is “when is the best time to put my property on a vacation rental program at the Lake of the Ozarks?” The answer is that there isn’t a bad time, but some times are definitely better than others, especially if you are looking to purchase and are depending on the income to defer some of your expenses.

The Worst Time


So if I was going to pick the worst possible time to put your property on a vacation rental program, I would have to say that it would at the beginning of October. You’ve just missed the entire summer and quite possibly will not have a rental until May of the following year. That is eight months without any income. If you are depending on your property to help pay some of your costs, it will be a long wait.

The Best Time


The best time would probably be the end of November for a home and no later than the end of February for a condo. As families gather for the holidays, many people (at least the smart ones) begin planning their summer vacations. By January 1st of this year we had booked 20% of our entire year, by April 1st we had booked 44% of our year and by June 1st we had booked 64% of our expected revenue for the entire year. So you can see the importance of having your property ready to advertise as early as possible.

Vacation Rental Examples


Here are a couple of examples; we had a home join our program for the 2016 season right around the beginning of the year which ended up renting 68 nights, which is great for a first year property. Another home joined around the beginning of April (these homes are fairly close in size and bedrooms) and rented for 43 nights. Not bad, but not as good as the other home. Those guests booking in January, February and March didn't have the opportunity to look at the second home because it wasn't on the market then.

Sometimes you cannot help when your Lake of the Ozarks vacation home or condo becomes available for rent. You may be waiting on the closing, you’ve ordered furniture but it hasn’t arrived, you have repairs that need to be completed or you inherited a property and it just took a while to get it ready. There are many factors that come into play, but as you can see, timing can make a huge difference in how successful you are your first year. However, after that you will always be ahead of the curve.

Vacation Rentals at Lake of the Ozarks


If you are planning on purchasing a vacation rental property at the Lake of the Ozarks, you may want to consider looking in the fall or winter. However, if the perfect property comes along, it may be better to throw caution to the wind and purchase the home or condo at the Lake of the Ozarks before someone else does.

Russell Burdette is the owner/broker of Your Lake Vacation, a professional vacation rental management company at the Lake of the Ozarks since 1986. If you would like more info on renting your home or condo as a vacation rental, please call 573-365-3367. Also, if you're looking to purchase a second home to rent out to vacationers, we can provide you with information to help you find the perfect property to buy!

For more information please call us toll free at 1-877-284-0267!!
4571 Osage Beach Pkwy, Suite A
Osage Beach, MO 65065
Local - 573-365-3367
Fax - 573-365-5076  

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Location: Osage Beach, MO 65065, USA

Monday, March 23, 2015

Spacious Two-Bedroom Waterfront Condo at Lake of the Ozarks

Knolls Resort Condominiums - Condo #413


This gorgeous 2 bedroom, 2 bath waterfront condo at the Lake of the Ozarks joined our program in Spring 2012. The unit features a king bed in the master suite, with a mini fridge and flat screen TV. The second bedroom has a Queen bed. Other features of this fully-furnished condo include a full kitchen, washer and dryer and seating for 6 at the dining room table. The living room features a fireplace, flat screen TV and extra sleeping with a queen sleeper sofa and a twin sleeper sofa.



Out on the covered deck, enjoy the tall dining seating for 6, a gas grill and a GREAT waterfront view! The owners went all out in remodeling this unit just for you, our special guests. The Knolls Resort community offers great amenities including an indoor and outdoor pool, indoor and outdoor tennis courts, community hot tub, wet and dry saunas, game room, vending area, club house, playground, charcoal grilling area, picnic area, swim dock and basketball court. What more could you ask for?



Book this unit today by calling Your Lake Vacation at 800-648-0339! Our Lake of the Ozarks property management company has rentals all over the Lake area including The Knolls Resort, Lazy Days Condos and select units at other complexes, as well as private homes. For all your Lake of the Ozarks vacation needs, contact Your Lake Vacation!

For more information please call us toll free at 1-877-284-0267!!
4571 Osage Beach Pkwy, Suite A
Osage Beach, MO 65065
Local - 573-365-3367
Fax - 573-365-5076  
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Location: Osage Beach, MO 65065, USA

Tuesday, February 24, 2015

4 Bedroom Waterfront Condo Just Off Historic Bagnell Dam Strip

NEWPORT CONDOMINIUMS - Unit 111


Perfectly located just off the Historic Bagnell Dam Strip, this 4 bedroom, 4 bath unit at Newport Condominiums puts you near dining, shopping and more! This waterfront condo at the Lake of the Ozarks is located on the ground floor; you can either take the elevator or park near the stair well as this is an end unit. The main level features a living room with flat screen TV, DVD player, fireplace, ceiling fan, seating for 5+, stereo with turntable and deck access. The dining room features a 4-top table with extra seating and 2 bar stools at the breakfast bar. The kitchen offers granite countertops, stainless steel appliances, pantry and everything you would need for your vacation!

Locate the gas grill just outside the front door across the walkway. The outdoor deck is tiled, screened and includes 4 stack chairs and 2 rocking chairs. The main level master bedroom features a king sized bed, lake view, flat screen TV, ceiling fan and private bath.  In the master bathroom, you will find double sinks, water closet, jetted tub, tiled shower and walk-in closet. Bedroom 2 features two twin beds, while bedroom 3 includes a queen bed and full length mirror. The guest bathroom is conveniently located near these bedrooms.    

The lower level features an extra large family room that includes flat screen TV, DVD player, 4 top table for game playing, fireplace, deck access, sofa sleeper and wet bar with 4 bar stools and a full refrigerator.  Also accommodating the family room is a guest bathroom with tub/shower unit. The lower level master bedroom features a king sized bed, lake view, flat screen TV, ceiling fan and private bath.  The lower master bathroom features double sinks, water closet, jetted tub, tiled shower and walk-in closet.    

Utility room includes a full sized front load washer and dryer, extra folding table, clothes line and additional outdoor folding chairs. The lower level outdoor deck is tiled, screened with an exit door to get to the pool, 2 rockers and 2 lounge chairs. Bring the whole family and then some, as we have other units available in this complex as well!

Your Lake Vacation has been helping guests plan their vacations since 1986. Since then, we have served more than 10,000 guests staying a total of more than 40,000 nights! We are happy to assist you with finding the perfect Lake of the Ozarks vacation rental and hope that your arrival and stay will be smooth and memorable!

For more information please call us toll free at 1-877-284-0267!!
4571 Osage Beach Pkwy, Suite A
Osage Beach, MO 65065
Local - 573-365-3367
Fax - 573-365-5076  
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Location: Osage Beach, MO 65065, USA

Monday, October 20, 2014

Keyless Entry for Vacation Rentals

Five years ago my company took over the management of the Knolls Resort Condominiums vacation rental program.  During the bidding process, we found out that all the condos at the Knolls had keyless entry systems.  At that time we were using keyed locks, as we had for the past 20 years.  We were concerned with how much time it would take to change codes and how that would affect our business model.  Those concerns would soon be laid to rest.

Keyless Entry History


Spurred by safety and insurance issues, the hotels lead the way during the 1990's and started switching their locks over to magnetic key cards and thus the revolution into keyless entry.  Today, almost 90% of all hotels use keyless entry for their rooms.  It wasn't long until the vacation rental industry followed suit.

However, it didn't make sense for a company with just a few rentals to invest in an expensive keycard system and change out all the locks on their properties' doors. In addition, guests could still lost the keycards just as they did the keys or the cards could become demagnetized and rendered useless.  Nothing worse than a call at 2 a.m. and hearing a guest say, "My keycard doesn't work" or "I lost my key, broke my key, etc."

Knolls Resort Condominiums


The Knolls had been using keyless entry for a number of years that utilized a key pad with a keyed back up. If the lock failed, they could always use a key to gain entry into the condo. After just a few weeks of using the keyless locks, we were sold.  No keys to hand out, have returned, lost by guests, broken off in the locks, etc.  The following year, we added keyless entry to our condos at Lazy Days and in 2012 we added keyless entry to the rest of our homes and condos at the Lake of the Ozarks.  This is a feature that our guests have come to expect, appreciate and at times even demand when booking their reservation.

Saving Time and Money


The children of one of our guests were at the pool and the parents had run to the grocery store for a minute. The children were locked out of their condo and didn't know the code.  In the past, someone from our office would have had to grab a key and drive to the complex to let the guest into the condo. Instead, after a few security questions were answered, we were able to give the children their code to reenter the condo.  In less than three minutes, they were able to get into their unit.

Russell Burdette is the owner/broked or Your Lake Vacation, a professional vacation rental management company at the Lake of the Ozarks since 1986.  Russell has served as the vice-chairman of the Tri-County Lodging Association, is the past president of the Lake of the Ozarks Vacation Rental Association and sites on the board of directors for hte Lake of the Ozarks Golf Council.  If you would like more info on renting your Lake of the Ozarks home or condo as a vacation rental, please call 573-365-3367 or e-mail russell@yourlakevacation.com.

For more information please call us toll free at 1-877-284-0267!!
4571 Osage Beach Pkwy, Suite A
Osage Beach, MO 65065
Local - 573-365-3367
Fax - 573-365-5076  
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