Showing posts with label property management company Lake of the Ozarks. Show all posts
Showing posts with label property management company Lake of the Ozarks. Show all posts

Wednesday, September 28, 2016

Get It While It's Hot?

Understanding our vacation rental season is the key to maximizing your property. Since we have a very unique vacation season here at the Lake of the Ozarks, properly understanding that season can help you be more successful in your Lake of the Ozarks vacation rental ownership experience.  

Photo Credit: FunLake.com

Rental Season at the Lake of the Ozarks


Effectively, the rental season at the Lake runs from Memorial Day Weekend through Labor Day Weekend. Most years, about 85% of all our rentals occur during that time period. Within that rental season, there is a nine week “prime” rental season that runs from the middle of June through the middle of August. About 65% of all our rentals occur during that short time frame. Compared with many other vacation destinations, this is a very short rental season. Once you realize that 85% of all your rentals may occur in the span of 15 weekends, which represents only 29% of the entire year, you can prepare for that short rental season.

Rental Season Advice


During the prime season, don’t be so quick to give discounts. During those nine prime weeks, there is very little availability around the Lake, so there is not much need to discount. Also, try to avoid shorter rentals during that time. Depending on the size (number of bedrooms) of your property, especially larger properties (four bedrooms or more) you should not take a two night rental. Our larger homes average about 4.5 nights per rental, so taking a two night rental would mean giving up 50% of your potential income during that period.

Discount Rentals Wisely


If you are going to discount, do so wisely. Obviously you will have to discount during the winter months, where almost any rental is like found money. During the spring and fall, prior to Memorial Day and after Labor Day, you may have to discount to compete with other rental properties. During the summer, a good time to discount is during the week. If you typically only fill up the weekends, then discounting Monday through Thursday may increase your rentals and fill your unoccupied nights.  


Maximize Your Property 


The other way to maximize your property is by ensuring you have what the vacationing public is looking for in a rental. These days, you need to have WiFi, flat screen TVs, an updated, nice looking décor and everything needs to be in good working order. If not, potential guests will pass you over for places that look nicer and that have better amenities. It is also very important to build your repeat business clientele.

If you’re in the market and looking for a great rental property or think you might have a great potential rental property at the Lake of the Ozarks, don’t hesitate to give use a call. Russell Burdette is the owner 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, call 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  
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Location: Osage Beach, MO 65065, USA

Monday, June 20, 2016

4 Bedroom Waterfront Condo at Lake of the Ozarks

Willows 118-1A 


This unique 4 bedroom condo at the Lake of the Ozarks includes home-like features. Step inside the open living room and enjoy an expansive view of the lake! The lakeside dining room features seating for 6, plus 2 more at the breakfast bar. The kitchen features all appliances, a pantry and everything you need for your group.    

The extra large master bedroom has a king sized bed, stereo, flat screen TV, and private vanity area with private bath. This room has a lot of extra room for a Queen (or King) sized air mattress. Bedroom number 2 features a queen sized bed and flat screen TV, with access to the guest bathroom on the mid level.     

The downstairs area includes a large family room with flat screen TV, lakeside sliding glass doors and plenty of seating on the sectional. 

Down the hallway you'll find the full sized washer and dryer closet, a guest bathroom with standing shower and bedroom number 3, which features a queen sized bed and flat screen TV. Bedroom number 4 is located lakeside and features a queen bed, queen sofa sleeper and 2 separate twin beds.     

Outdoors enjoy the upper and lower deck. The upper deck features outdoor dining and a gas grill. This unit is just 4 steps from the outdoor pool and comes with a 10 x 24 boat slip in the community dock. Willows is conveniently located near shopping and dining, both on and off the water!

To book your reservations in this beautiful Lake of the Ozark waterfront condo, give us a call at 877-284-0267. For all of your accommodation needs at the Lake, Your Lake Vacation has you covered. No matter the size of the group, we've got a home or condo just waiting for you to arrive. See you soon!

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, May 9, 2016

4 Bedroom Waterfront Home in Horseshoe Bend Area

Pawnee 204 - 4 Bedroom, 3 Bath


This beautiful waterfront home at the Lake of the Ozarks boasts plenty of parking, including a garage. Enter the house on the mid-level, where you will find the kitchen including all major appliances and everything else you would need for your stay! 

Lakeside Living


The open concept lakeside living and dining area includes dining seating for 6, seating for 6 in the living area along with fireplace, a flat screen TV and DVD player. 

Main Floor 


Just off the main level is a deck which includes seating for 8 people. The main level also includes the master bedroom with a queen bed, flat screen TV and private bathroom. Upstairs you will find the first guest bedroom with 2 queen sized beds and a flat screen TV. Guest bedroom 3 includes a queen bed, flat screen TV and a computer desk. These bedrooms share an adjoining bathroom. 

Lower Level


Downstairs you will find a game table and wet bar in the family room with sectional and fireplace with flat screen TV and DVD player. Another deck just off the family room includes seating for 4 people. The final guest bedroom includes a queen sized bed, flat screen TV and adjacent guest bathroom. 

Home Extras 


The oversized laundry room not only includes the washer and dryer, but an extra refrigerator for drinks and snacks. Outside, enjoy the decks and yard all the way down to the covered dock. The boat dock has 2 slips and a swim platform.  There's plenty of parking at this home as well, so bring the entire family!

This beautiful Lake of the Ozarks vacation rental is new to our program and we're looking to book it up. Call 877-284-0267 to make your reservations today! Whether you're looking for a nice large house or just a small condo, Your Lake Vacation has something for everyone!   

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, April 11, 2016

Who Let The Dogs In

Bringing Pets on Vacation


It seems that more people these days are traveling with their pets, especially their pooches. Finding pet friendly accommodations at the Lake of the Ozarks, however, can be a little difficult. The market is growing and there is definitely a demand for those pet friendly properties, with guests even willing to pay extra for the privilege of bringing their furry friends.

Traveling with Pets


In fact, a recent Trip Advisor survey noted that 37% of pet owners say that they would be willing to pay more to stay at accommodations that are pet friendly. That same survey noted that 56% of American pet owners like to travel with their pets. Owners who are accepting pets are potentially seeing more rentals than those owners who do not cater to pets. According to the survey, the most common traveling companion is still man's best friend.

Catering to Pet Lovers


If you are going to cater to the pet loving public, there are a few things you will want to keep in mind, especially here at Lake of the Ozarks. At the Lake, most condo associations will not allow vacationing guests to bring their pets. Owners are allowed to have pets, but not their guests or the vacationing public. Be sure to check the rules before you start taking reservations for guests with pets. You definitely don't want a situation where you get fined by the association or your guest gets harassed or kicked out due to having a pet.

Pet Friendly Rentals 


Obviously, if your vacation rental property is a private home at the Lake of the Ozarks, then you should be in pretty good shape to make the decision on whether or not to accept rentals with pets. There are a number of things that you will want to consider before allowing pets. Do you have anyone in your family with pet allergies? You will also have to think of guests not traveling with pets and the fact that some of them may have family members with pet allergies.

Rules for Bringing Pets


You should also think about limiting the size of the pet and how many the guest can bring with them. At our company, we have a limit of two dogs and in most cases they need to be less than 20 pounds a piece for our homes that allow pets. We also ask that they be crated if they are going to be left alone in the home. In addition, you might require an extra deposit and/or an extra cleaning fee.

Pet Hotels & Boarding Houses


If you don't want pets in your rental property, there are a number of pet hotels and boarding houses that will boat the pets close to rental properties, allowing guests to take their pets with them and board them for the night at the pet hotel. This is a great option that you can offer your vacationing guests.

Russell Burdette is the owner/broker of Your Lake Vacation, a professional vacation rental management company at the Lake of the Ozarks since 1986. For more information on whether or not to make your property a pet friendly rental or to find out which of our rental homes are currently pet friendly, give us a call at 573-365-3367 today!

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

Wednesday, January 6, 2016

Lovely 5 Bedroom Waterfront Home in the Heart of Osage Beach

Allure of the Lake


New to our rental program for 2016 is Allure of the Lake! This home is all about location, location, location! It sits in the heart of Osage Beach near all the best shopping and dining. This 5 bedroom, 3 bath waterfront home at the Lake of the Ozarks has practically everything you would need for your large group or family.


Spread Out with Plenty of Room for Everyone


Enter the house on the main level, where you will find the queen bedroom with flat screen TV, king bedroom and another queen bedroom adjoining the bunk room. The bunk room features 2 twin-over-twin bunk beds. Also located on this level is a bathroom complete with a shower and 2 sinks, utility room with full sized washer and dryer and the sunroom equipped with a Keurig coffee station, flat screen TV and lake view. Step right up to the second floor to find the large kitchen compete with everything you will need for your vacation: stainless steel 3 door refrigerator with ice maker, double ovens, cook top and double dishwasher! Also featured in the kitchen are granite countertops and another Keurig coffee station. Just off the kitchen, enjoy the covered deck with seating and grilling station for those rainy days. This level also includes another full sized bathroom.

Enjoy the View


Enjoy the view from all the windows in the extra large living room. It features hardwood floors, a flat screen TV, Blu-ray DVD player, sound bar and plenty of seating. Also in that area is a 2-top breakfast bar, 2 top bistro/game playing table and bar with mini refrigerator and 2 bar stools. The open dining room features a 6-top table, with 2 available leaves and extra chairs. Continue through the hallway to the extra large master bedroom with expansive lake view windows, king sized bed, flat screen TV, air matresses for extra sleeping and a full sized private bathroom. The bathroom comes complete with 2 sinks, a jetted tub and stand up shower.

Entertain on the Deck


Once outside, your group can enjoy the extra large entertaining area. Everyone can sit and enjoy the lake life at the bar top and several other tables. There is a larger gas grill in this area as well! Down at the dock, you can park 2 boats and enjoy swimming or fishing along the over 100' of shoreline. Parking is not an issue as this home can accommodate up to 6 cars and your boat trailer.

See what this home is all about and call Your Lake Vacation at 877-284-0267 to book your family vacation or reunion in Allure of the Lake! Have a smaller group and don't need quite that much space? Our Lake of the Ozarks vacation rental company offers a variety of properties from 1 bedroom up to 5 bedrooms to accommodate any size group. Ask about our off-season discounts and golf packages too. We can't wait to see you at the beautiful Lake of the Ozarks this season!

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, December 21, 2015

What Do Your Christmas Decorations Say About You?

For many people, decorating for Christmas is the best part about the holiday season. Whether you're all about the lights or finding that perfect Christmas tree, each family has their own way of decorating. What do your Christmas decorations say about you and your personality? Your Lake Vacation has some ideas.

All White Lights 


You're a traditionalist. You're sure that white lights on a real tree is the only way to go and deviating from the basic red and green color scheme is just wrong. Your ornaments veer toward the nostalgic side, to include choo-choo trains, bicycles, angels, etc.

Colored Lights


You're an exuberant, free spirit. You stand out in a crowd and are the life of the party. The exterior of your home is often decorated with candy canes, inflatable snowmen and a light display that would win any contest.

Artificial Tree 


You're practical. You like convenience. You love the traditional look of a real tree, but you don't enjoy picking it out in the cold and you hate having a mess. You like the practicality of plucking your tree out of its box every year. You are a perfectionist and like knowing exactly what to expect year after year.

Real Tree


You're old fashioned. You like to do things the way they've always been done because you love the simplicity that comes with tradition. You value your friends and family highly, preferring a night in with loved ones over a night out on the town. You know what feels good and you're sticking with it.

Mini Tree


You're Frugal. It's not that you don't love Christmas time, but let's face it, Christmas decorations can be expensive! Why spend hours picking out a tree, dragging it into the house and decorating it for a holiday that will have soon come and gone. Not only do you save time decorating, but clean up is a breeze.



Uniform Ornaments


You're organized and structured. You like things to appear "just right." You thrive in environments where discipline and order are part of the description. You also don't like making decisions lightly, choosing each of your words, actions or decorations in this case, extremely carefully. There is a chance you may have a touch of OCD as well.

Mix-and-Match Ornaments


You're sentimental. Your Christmas tree has everything but the kitchen sink thrown on it, from macaroni craft projects and baby's first ornament to lights, tinsel and garlands. However, each item on your tree has a story behind it and you are eager to share those memories with everyone that visits your house this holiday season. You'd choose sentimental value over aesthetic any day.

Star Tree Topper 


You're a strong leader. You place a large amount of stock in destiny and following your guiding star. You often look for "signs" to point you in the right direction. Many times you think of yourself as the guiding star, stepping up to take leadership roles. You also have a strong moral compass.

Angel Tree Topper


You're spiritual and kind. The angel represents you have a strong spiritual side and you aren't afraid to let the world know it. You are a kind soul, who knows how to take care of others and make them feel special. People will often turn to you in times of need.

So what do you think? Do these descriptions apply to you and your decorations. Whether they do or don't, our Lake of the Ozarks property management company wishes you a very Merry Christmas! We hope you enjoy the time spent with your family and friends, eating, drinking and being merry!

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

Friday, November 13, 2015

Winterizing Your Vacation Home

A vacation home is a big investment, so it only makes sense to use every precaution to preserve it through the winter. During the winter months, your vacation home at the Lake of the Ozarks probably isn't going to get much use and therefore, you'll need to winterize it for while you're away. Here are a few tips to follow when preparing your home for the cold winter months ahead:

1. Exterior Maintenance


When winterizing your home, the place to start is outside. You want to prevent any damage to the outside of your home to keep it from affecting the inside of your home. Try these tips for protecting the exterior of your home this winter:
  • Clear all gutters so that rainwater, melting snow and ice can successfully flow away from your home instead of forming ice dams, which can lead to leaks inside your home. 
  • Trim trees and remove dead branches around your home to prevent property-damaging breaks caused by the weight and force of winter winds, snow and ice.
  • Protect your outdoor furniture, cooking appliances and recreational gear by storing them away or protecting them with weather-proof covers.
  • Keep pest from seeking warmth in your home by covering chimneys with screening and blocking any possible entries in the foundation or around the eaves.

2. Prepare Your Plumbing 


Failing to winterize the plumbing in your vacation home could lead to extensive damage while you're away. Before you check out for the winter season, be sure to do the following things to keep your pipes from freezing and busting during those cold winter months:
  • Open all the water faucets and valves inside your home to let the water drain from the pipes.
  • Turn off the main water shut off valve inside your home. 
  • Wrap all exterior pipes as well as pipes in unheated areas of your vacation home with polyurethane or fiberglass pipe insulation.  
  • Use spray foam insulation to fill in the gaps around outdoor spigots.
  • Turn off or remove any back flow prevention devices from your faucets before insulating them.
  • Disconnect and drain your washing machine hoses, ice maker waterline and dishwasher's supply and drain lines.  
  • Turn off the water heater and drain the water from the tank.
  • Drain the water from spray attachments at your sinks and from the handheld shower head hoses.
  • Flush your toilets and remove any excess water from the tanks and bowls with an old towel.
  • Pour one cup of antifreeze into the toilet bowls and an additional cup down the overflow tube in the toilet tanks.

3. Interior Preparations


In addition to making sure your pipes aren't going to freeze on those cold winter nights, there are a few other items that should be addressed inside your home. Follow these tips to ensure a problem free winter for your vacation home:
  • All electrical components in your vacation home should be shut down, with the exception of such essentials as the heating system, security system and outdoor lighting. Use carefully marked breakers in your home's circuit box as a guide.
  • Unplug all appliances from the outlets.
  • Adjust the heat to a minimum of 55 degrees to maintain proper interior humidity and prevent the development of molds and mildew. 
  • Open all cabinets where plumbing is present.
  • Make sure the smoke, fire and carbon monoxide alarms in your vacation home are in working order. 
  • Make sure there is ample insulation in the attic, basement and crawl spaces. This will also help to keep your pipes from freezing. 
  • Empty and defrost the refrigerator, leaving the door ajar and the unit unplugged. 
  • Discard any food, toiletries or medications containing liquids that could freeze. 
  • Seal air leaks that allow cold air into your home, paying special attention to door frames and window sills. 
  • Turn off the pilot lights on stoves and fireplaces and turn off the gas. Also check for possible gas leaks. 

Not all of these items may be applicable in your situation. If you plan to have guests coming and going throughout the winter, you might want to leave the water heater full of water and the refrigerator plugged in. One of the great things about having your Lake of the Ozarks vacation home on our rental program is that you have someone keeping an eye on your house all year round. When a guest checks out during the winter months, we make sure to turn the water off and turn the heat down to 55 for you. We also have maintenance people on staff to take care of any issues that may arise during the cold winter months. For more information about having our property management company at the Lake of the Ozarks manage your vacation home, give us a call at 573-365-3367 today. Now is the time to get everything setup for the 2016 summer season!

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

Friday, September 25, 2015

Cozy 3 Bedroom Home at Lake of the Ozarks

Enjoy the Lake View from the Deck of this 3 Bedroom, 2.5 Bath "Treehouse" - Tree Loft 103


While this vacation home at the Lake of the Ozarks isn't technically a "treehouse" as it doesn't sit up in a tree, it's the closest thing to it. The Tree Top Village is obviously surrounded by trees. Don't let that fool you though. This home has a great view of the Lake of the Ozarks all year round!

The main level features living areas, a flat screen TV, desk area and lakeside windows throughout. The dining area offers seating for 6 people, with a small island in the full service kitchen that seats 2 more. Also on this level is the master bedroom featuring a king sized bed and shared, full sized bathroom. The main level deck features a gas grill and plenty of outdoor seating!

The lower level features a queen bed with a great lake view, sitting area with TV and an attached full sized bathroom. Also included is an outside exit door leading to the lower level patio to continue enjoying the lake view!

The upper level features the queen loft bedroom, with attached 1/2 bath and reading nook for the kiddos! The owner has also included a twin air mattress and a double high queen air mattress for addition sleeping of up to 9 people total. There is parking for two cars at the home, with additional parking within walking distance. Trash dumpsters are conveniently located just across the road from the home.

Enjoy the privacy of a private home with the amenities of a condo complex. Tree Top Village offers an indoor pool, sauna and hot tubs, 3 outdoor pools, a tennis court and a basketball court. The complex is located close to shopping, attractions and fine dining; plus it's a great location for golfers, with The Ridge golf course just minutes away. If you're looking for some more room for your group or family, we have other units at the Tree Top Village on our program. Ask us about group discounts!

To book your stay in Tree Loft 103 today, give us a call at 573-365-3367. Your Lake Vacation is one of the leading property management companies at the Lake of the Ozarks and is here to make your vacation something to remember!

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

Wednesday, September 9, 2015

The Rental Season at Lake of the Ozarks

Here at the Lake of the Ozarks, we have a very short rental season. Many potential Lake of the Ozarks vacation rental owners are very surprised when they find out that about 85% of all their rentals will occur between Memorial Day and Labor Day each year. Thus, the other 15% occur during the other nine months of the year.

I had one potential owner call me and he wanted to know if he could expect 300 rental nights a year. I told him that if I could rent our properties for 300 nights a year that I could have retired a long time ago.

So when you have a limited rental season, such as we have, what can you do to increase your rental nights? You have to absolutely maximize your in season rental nights and then look at ways to attract rentals in the off season as well.

How Do You Maximize Your Summer Rentals? 


First, if you are using your property at all, be smart about when you use it. On smaller homes and most condos you are mostly going to get weekend rentals. Therefore, you should avoid using your property on the weekends or at least use it only on the slower weekends when it possibly will sit empty. Usually the first two weekends of June and the last two weekends of August are slower due to the school schedules.

Secondly, during the peak season, have a minimum night requirement and stick to it as long as you can. You don't want to book a two night rental for a July weekend in January. If it is two days prior to the weekend, take it, but don't take it in January.

Another way is to realize there are only so many really good weekends available. Those weekends are typically every weekend in July and the first weekend in August. Those are the absolute prime weekends. You want to get maximum nights and maximum price for those weekends.

How Do You Maximize Your Off Season Rentals? 


Most rentals have seasonal pricing where the spring, fall and winter rates are lower than the summer rates. Beyond that, you can create packages of pay for so many nights and get a free night or some other type of discount. Keep in mind that most guests can only stay two to four nights in the off season.

One additional way to attract off season rentals is to offer something different, like a hot tub, game room, indoor pool, tickets to a show, mall discounts, restaurant discounts, gift cards, golf discounts, etc. You want something that sets you apart from other rentals or that adds value to the rental. If the price is the same, but you are offering additional discounts or amenities, then you will probably get the rental.

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 Lake of the Ozarks condo or home as a vacation rental, 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  
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Location: Osage Beach, MO 65065, USA

Wednesday, November 19, 2014

New 5 Bedroom Home Perfect for Your Family or Reunion!

New to the program in late 2014, is this 5 bedroom 4 bath ranch style home located off Highway KK in Osage Beach! Walk right into the great room featuring an immediate fantastic view from this waterfront home at the Lake of the Ozarks!

Gray Haven - 5 Bedroom, 4 Bath Waterfront Home


The main floor includes a Living Room with flat screen TV, DVD player, fireplace and massive Dining Room with seating for 12. The kitchen features an island that seats 4, flat top range, microwave, dishwasher and side by side refrigerator with water and ice and a large pantry.

Also located on the upper, main level you will find 3 bedrooms and 2 bathrooms.  The master bedroom features a King size bed, private bathroom and deck access.  Bedroom 2 features a Full size bed, while Bedroom 3 features a Queen.

Downstairs includes a game room with flat screen TV, game table, bumper pool, foosball, guest bathroom and wet bar. Bedroom 4 features a Queen bed with deck access and Bedroom 5 features 2 Twin over Full bunk beds and a Twin over Twin bunk bed.  You will also find on the lower level, another guest bathroom and the laundry/utility room complete with deck access and an extra refrigerator.

The best thing about this house is the over sized decks!  Both the upper and lower decks allow plenty of room to spread out that family!  This home includes a 2 well dock with 10 x 28 slips, a 10,000 lb. boat hoist (in one of the slips, no hoist in the other), swim platform and small yard out back.

Since this home sleeps up to 18 people, you could bring the whole clan!  Give it a try for your next vacation rental at the Lake of the Ozarks!  Your Lake Vacation is a professional vacation rental company at the Lake since 1986.  If you would like more information about renting one of our vacation rentals or about putting your home on our Lake of the Ozarks vacation rental program, please contact us at 877-284-0267!

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, September 2, 2014

Do You Need a Property Manager?

Why should I pay someone to manage my vacation rental property at the Lake of the Ozarks (or any other property for that matter)? This is something that you should seriously consider before purchasing a rental property. Most companies charge anywhere from 30% to 50% to manage a vacation rental property depending on the location and length of the rental season. Typically the longer the rental season, the lower the percentage and the shorter the season, the higher the percentage.

Here are some of the things you should consider when looking to hire a rental manager.  How much experience do they have in managing a property similar to yours and in your specific location?  What types of services do they offer for their percentage?  How much is their percentage?  Are there any hidden costs, i.e. charging extra for handling maintenance issues, lawn care, cleaning, etc.  You should know what the costs for those services are prior to signing a contract for management.

Marketing and Advertising


Marketing is going to play a huge factor in how well your property rents and ultimately how successful you are.  And it isn't always how much is spent.  A rental company could spend a hundred thousand dollars advertising in Australia for the Lake of the Ozarks and I doubt that they would see a very good return on their investment.  Likewise they could spend $150 on a vacation rental website that would give them a few thousand dollars or more in rentals.  So the right question to ask is, "what types and where" they are advertising.  If they say print advertising within a 50 mile radius, I would recommend looking somewhere else.

Damages, Cancellations and Repairs


Damages, cancellations and how they handle repairs are a few things that you should research before choosing a company.  Who pays for damages?  Do they require a deposit?  What happens when a guest cancels their reservation?  If a repair is needed are you notified over a certain amount?  Who pays for the housekeeping?  What happens if the AC goes out during a guest rental?  Does the management company offer preventative services, spring cleaning services, etc.

Do Your Research 


Ultimately, if you are going to hire a manager you want to find one that you are comfortable with, that offers the level of services that you desire and that has a successful track record.  You may want to speak with other owners on that company's program, get professional references and see if that company has a good or bad reputation in the community.

Too often home and condo owners don't do much research when choosing a property manager and they can end up with a bad experience.  Asking the right questions and interviewing three or four managers before choosing one will make your vacation rental ownership more successful in the long run.

Russell Burdette is the owner 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 or email 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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Location: Osage Beach, MO 65065, USA
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