?How much is your vacation rental management commission?? ?What does the commission cover??
These questions are commonly asked by vacation rental property owners when considering a management partner, said Meyer Vacation Rentals President Michelle Hodges.
?We realize each individual owner has varying goals for their vacation rental property, and commission rates are usually the first item up for discussion. At Meyer Vacation Rentals, we believe in managing your investment on your terms, and many factors can impact commission rates. Some owners intend to enjoy their investment with family throughout the year, while others may not visit their property at all during the year. Similarly, some owners have set/static rental rates and opt not to allow any promotions or discounts, while others seek to maximize occupancy based on market demand. Commission rates on qualifying properties begin at 20 percent,? Hodges said.
?To learn more about how we can set your property-specific commission give us a call. We promise to make it quick, easy and painless! Our goal is long term relationships, and if we are not the right management partner for you, we?ll do our best to help steer you in the best direction for your goals,? she added.
?Locally owned and operated since 1967, Meyer Vacation Rentals is your boots-on-the-ground, full-service management partner that answers those midnight calls, deploys teams any time of day or night to resolve issues, and manages rates and guest experiences to make sure the property ownership experience is both profitable and enjoyable,? Hodges said. ?Meyer?s goal is to provide 100% peace of mind to our owner partners.?
Hodges explained that the commission covers a wide range of benefits, including those below.
Meyer Vacation Rentals invested $3.5 million in owner partners? properties last year at no extra cost to them. Included in this investment was the installation of keyless electronic door locks (KABA brand), allowing vacationers to access rental properties without having to stop by the rental office to pick up a key and helping avoid lost keys.
For vacationers who do need to stop check in at the office or call in with questions or issues that need to be resolved, Meyer is staffed 24/7 with support personnel as well as vacation planners.
Meyer provides all linen, terry, mattress pads, and commercial cleaning and replacement of these items.
There are numerous dedicated members of the Meyer team that serve owner partners and vacationers both in the field and in the office in a support role. ?There are also assigned maintenance technicians who are skilled not only in making repairs but are professionally coached in providing the highest level of customer care to vacationers and our owner partners,? Hodges said.
To ensure Meyer-managed properties are well-maintained, our dedicated field operations and support services teams provide property assessments and ensure that free professional photos are taken every three years to accompany the free property listing on the area?s #1 accommodations website.
Communication is also a top priority for the Meyer team. ?We provide our owner partners with a monthly newsletter, periodic revenue analyses and quarterly mobile-friendly surveys for owners to share their comments on a variety of property management topics with us. It is only with their feedback that we ensure we are not only meeting but exceeding their service expectations,? Hodges said.
Other property management services include storm preparation and bedbug prevention and mitigation options.
Meyer Vacation Rentals prides itself on being a trusted management partner for more than 50 years. ?We are people serving people and pride ourselves on our ability to produce high profitability matched with outstanding service,? Hodges said. ?Most importantly, building lifetime relationships with guests and property owners is our greatest reward.?
Ensuring a hassle-free, easy vacation rental ownership experience means taking care of the business details. ?We ensure compliance with all city, county and tax regulations by collecting and submitting lodging taxes,? Hodges said. ?We also coordinate all required city inspections to ensure our owner partners? business licenses can be renewed with no hassle.?
Meyer owner partners receive access to a personalized owner portal via web or app, which stores current and past rental statements and rental performance reports. Owners can also use the portal to block vacation time for themselves or their paying guests as well as enter maintenance requests.
A partnership with Meyer comes with a variety of other services such as direct deposit of rental income, an owner cleaning option for personal reservations, no credit card fees, no start-up costs or marketing fees, and mandatory guest security damage waivers to cover accidental damages to their properties.
Additional services are available through Meyer?s expanded 24/7 Service Protection Plan at an affordable annual fee.
Vacation rental property owners that partner with Meyer receive marketing services from a professional team with nearly 100 years of combined experience: a revenue specialist/data analyst who is an expert in demand pricing; a web developer who builds and maintains MeyerRE.com to be the area?s top accommodations desktop and mobile website; a graphic designer who creates ads and emails designed to market the trusted Meyer brand to your very best prospects; a full-time, professionally trained photographer; a social media expert who ensures Meyer?s social channels (Facebook, Instagram, Pinterest, Twitter, YouTube) are engaging, fun and targeted; and a copywriter responsible for writing and managing all website content and communications with current and prospective vacationers.
The marketing team is also responsible for advertising Meyer properties and the Meyer brand in a variety of ways, including search engine optimization using expanded content and pay-per-click ads, print media, radio, public relations efforts and more.
In addition, Meyer?s marketing team maintains a guest database of 192,000 past and prospective vacationers who receive weekly marketing communications from Meyer.
Meyer?s vacation planning team answers 112,000 calls per year, makes proactive calls to past guests and takes on average 50,500+ post-arrival, guest-in calls per year.
Meyer Vacation Rentals attracts guests from all 50 states, with most coming from the South and Midwest. Meyer generates more than 35,000 reservations per year.
MeyerRE.com is an easy-to-use website, both on desktop computers and mobile devices. In the last 12 months, MeyerRE.com had 3 million pageviews.
The marketing team manages property listings placed on third-party online travel agent channels such as Airbnb, Booking.com, Expedia and more. Additionally, Meyer has developed partnerships with more than 200 travel agents and event planners whose clients are specifically interested in booking vacation rentals on our beaches.
Learn more about how Meyer can help you maximize your vacation rental income and minimize your expenses by reaching out to a member of Meyer’s Business Development team at 888-733-5482 or email@example.com, or by visiting our Property Management page.