Showing posts with label Lake of the Ozarks second homeowners. Show all posts
Showing posts with label Lake of the Ozarks second homeowners. Show all posts

Friday, March 23, 2018

4 Benefits of Hiring a Professional Property Manager

Do you own a second home at the Lake of the Ozarks? Are you, or have you, considered renting it out to vacationers for some extra income? Turning your home into a vacation rental at the Lake of the Ozarks is a great idea. But can you handle it all on your own? Today's blog discusses some of the benefits of hiring a professional property manager.

1. Property Managers have Reliable Vendors for Emergencies. 


What happens when your guest calls to say that the AC went out? You are responsible for accommodating them and finding someone to come out and get it fixed. When you choose to hire a property manager at the Lake of the Ozarks, they can take care of all those issues for you. They have a list of vendors that they work with on a regular basis, that they trust to get the job done right. Whether it's an HVAC, appliance, plumbing, dock, lawn care or any other type of problem, they've got you covered!

2. Housekeeping Services are Provided by a Property Manager. 


After each guest, your home or condo at the Lake of the Ozarks will need a thorough cleaning before the next guests arrival. Will you be doing that housekeeping? Will you have to hire someone to do it for you? What if they aren't available when you need them? Property mangers will either have housekeepers on staff or have contract with cleaning companies that they work with on a regular basis to ensure a flawless cleaning schedule.


3. Property Managers Know How to Market Vacation Rentals. 


You have a property that's ready to rent, great! Now how do you get people to come stay there? Aside from letting your family and friends know (who are going to want a discount), how will you market your vacation rental? While working with a property manager does incur a small cost, your property will have a lot more visibility which will lead to more reservations in your vacation rental. Property managers spend thousands of dollars each year on advertising to attract guests. Your home or condo could be included in that marketing.

4. You Don't Have to Deal with Money and Accounting. 


In addition to marketing help, a professional Lake of the Ozarks property management company is going to take care of all the accounting. The staff is going to take payments, send contracts and coordinate the entire guest stay from booking to arrival to departure. Their accounting department is going to handle your monthly statements, expenses and income distribution, and they will provide you with yearly 1099's to make tax season a breeze.

This are just a few of the many benefits associated with hiring a professional property manager to take care of your vacation rental property at the Lake of the Ozarks. For more information about the Your Lake Vacation rental program, give us a call at 573-365-3367. We would love to discuss adding your property to our program!

Nightly Vacation Rentals at the Lake of the Ozarks: 

We make it simple. Paperless. Keyless. Stress-less. 


4571 Osage Beach Pkwy, Suite A
Osage Beach, MO 65065
Local - 573-365-3367
Fax - 573-365-5076  

Tuesday, November 29, 2016

What Can I Do to Improve My Rentals?

PhotoCredit: FunLake.com
It's that time of year when the rentals have slowed down and you can take a moment and reflect on the past rental season. Thanks to the marketing campaign of the Tri-County Lodging Association and the Convention and Visitors Bureau, along with the entire Lake of the Ozarks, many of us here at the Lake enjoyed one of the best summers and rental seasons of all time! Our Lake of the Ozarks vacation rental company had the best year in our 30 year history! Using the "Best Recreational Lake in the United States" has been awesome for business here at the Lake of the Ozarks and we should continue to mine that for all its worth!

Using the Slow Season to Your Advantage 


Over the next six months, we only bring in 6% of our annual income; however, in that same time period, we will book about 60% of all our business for the 2017 season! We try to use this slower time to our advantage. This is the time when we can take a look at our properties and see if there is anything that can be improved. We take a look at properties that need painting, new furnishings or if they need to get a flat screen TV, WiFi or other amenity that will help them rent their property.

The Importance of WiFi in Your Rental


One of the biggest factors that we can see from this past season is that people want and need to be connected. Looking at our rentals from this past season our properties that have WiFi available averaged 45.58 paid nights, while the properties that didn't have WiFi (six of them) averaged 26.17 paid nights. Even within the same complex, we had two units with WiFi which averaged 50.5 nights and two units without WiFi (which otherwise are just as nice) averaging 20 nights.

Some of our owners don't want to pay for the extra expense. the cost is around $600 per year for WiFi, but they are giving up about $2,500 in income. So you have to ask yourself, do I want to save $600 or make an extra $1,900? To me, it is a no brainer, but for some it seems to be a tough choice.

The Importance of Keyless Entry 


A few years ago, when we were switching our properties over to keyless entry, I had a few owners that didn't want to pay for the new locks. So I told one owner that didn't really want the lock that I would charge him for the lock, but at the end of the summer if he didn't like it, I would refund all of his money and put his old lock back on. But if he liked it, he would buy me lunch. Even before the summer was over, I received a gift card in the mail for $25! So take stock of what you are doing and use this slower time to your advantage!

Property Management at Lake of the Ozarks


Your Lake Vacation is your premier property management company at the Lake of the Ozarks! We've been serving guests and owners since 1986. If you would like a vacation rental market analysis or more information on renting your Lake of the Ozarks home or condo as a vacation rental, please give us a call at 573-365-3367.

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  

Tuesday, July 28, 2015

7th Annual Great Bagnell Dam Duck Drop

Join us as bright yellow rubber duckies are dropped by helicopter over the Osage River for the 7th Annual Great Bagnell Dam Duck Drop! The 2015 event is sure to be better than ever, and this is one event you don't want to miss! Make a mini vacation out of it and come on down for a family-fun weekend getaway at the Lake of the OzarksYour Lake Vacation has all the details right here for you:

FRIDAY - Duck Drop Golf Tournament 


Sign up online now for this one-of-a-kind quacky golf tournament! We're calling all of our guests and owners who love to play golf at the Lake of the Ozarks to join us this weekend for the 3rd Annual Duck Drop Golf Tournament. With a new quacky "twist" this year, your golf game will be tested with crazy holes & fun obstacles placed around the course. This 4 person scramble, with a ladies flight this year, will have an 8:30 shotgun start. Registration with a hot breakfast is at 7 am. Get more information and register online here: http://www.greatdamduckdrop.com/duck-drop-golf-tournament.html#golf.

$125 Entry Fee Includes:
  • 10 Duck Drop Tickets ($50 value) for the Duck Drop event on August 2 at Noon. Chance to win $5,000, plus 7 other winners. 
  • Breakfast at the Cove prior to the tournament. 
  • Admission to the awards party at Savannah Grille immediately following the golf tournament. Appetizers are included and a cash bar is available. 
  • Tournament Goody Bag 
Golf Tournament Prizes: 
  • 3 Flights with Top 3 Teams in each flight receiving prizes + Ladies flight this year! 
  • Hole in One contest for CASH by Spieler's Inc. 
  • $5,000 Putting Contest by Ellerman Construction
  • Clostest to the pin and long drive contests. 
  • Other on course contests and special events. 

SATURDAY - Family Fun Zone


Join us for some family fun while we wait for the ducks to drop! The Family Fun Zone opens at 10 am on Saturday morning. Children of all ages can enjoy games, a dunking booth, bounce houses, martial arts and dance demonstrations, food and lots of prizes and goodies! Fun Zone wrist bands are $5 per child and include all Fun Zone events, games and prizes. You can also purchase Duck Drop tickets for $5 each at the Fun Zone until 11 am for your chance to win $5,000 or 1 of 7 other prizes!

Fun Zone Activities: 
  • Games & Prizes 
  • Petting Zoo
  • Bounce Houses
  • Face Painting
  • Martial Arts Demonstrations
  • Dance Demonstrations
  • Live DJ
  • Great Food
  • Duck Ticket Sales (Ends at 11 am) 

SATURDAY - DUCK DROP


The helicopter will arrive at noon and the ducks will fly! The first 8 ducks to cross the finish line will win prizes, including a $5,000 cash prize and a $1,000 cash prize. You can walk to the viewing area from the Family Fun Zone. The BEST viewing area is just past the Dam Bait shop on the shoreline at the Campground. Winners will be announced at the Family Fun Zone and on Mix 92.7. You do not need to be present to win! All funds raised remain local & are distributed to non-profit organizations via the Ozark Coast Kiwanis Organization.

2015 Duck Drop Prizes: 
  • 1st Place - $5,000 Cash
  • 2nd Place - $1,000 Cash
  • 3rd Place - $500 Hy-Vee Grocery Card
  • 4th Place - $250 Paul's Supermarket Card 
  • 5th Place - $250 Rental from Glencove Marina
  • 6th Place - $50 Panera Bread Gift Card 
  • 7th Place - $50 Panera Bread Gift Card 
  • 8th Place - $50 Andy's Frozen Custard Gift Card 

Charity events like these are just one of the many reasons owning a second home at the Lake of the Ozarks is so great! You can come down here anytime you want and be a part of this wonderful community. Plus, when you're not here, you can rent out your Lake of the Ozarks waterfront home or condo to help offset the cost of upkeep or maybe even make some extra cash. Contact us today at 573-365-3367 for more information on our property management services at the Lake of the Ozarks!

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