fixed rent contracts: how a contract is helping property managers and second homeowners make more
TRANSCRIPT
Fixed Rent Contracts:
Good for Managers, Good for Owners
agendaWho we are
What “fixed rent” isWhy do it
How to do itResults
Q&A
Cliff JohnsonCo-Founder, Vacasa
Andrew McConnellCo-Founder & CEO,@MAMcConnell
what is fixed rent?
The owners tell you what weeks they want to keep and what weeks they wish to rent.
You decide how much you want to pay for the available weeks.
Sign the agreement. The owner keeps the weeks they want, and you “own” the rest.
Gain full control of the property.
Rent it how you know best.
Always keep 100% of the upside.
It’s cheaper than buying.
benefits
Grow within your marketEnter new markets more easily
Add homes faster
Spread fixed costs
Increase margins
why?
PROJECT THE REVENUE.
ASSESS PROFIT TO THE MARGIN.
BACK OUT EXPENSES.
THIS IS YOUR OFFER.
1. 2. 3. 4.
how?
our approach
Fixed rent properties generate higher profit on average.
market overview
Luxury Property Mountain Region
Fixed & commissionOne-year contracts
Can renew or convert
Fixed rent properties generate higher profit on average.
90%of homes renew on a fixed rent
basis after the first year
The average profit is higher on an average
dollar basis per property.
90%of fixed rent homes have
generated a profit
65-70%of the projected gross is offered on average
20%of total homes under
management are with fixed rent arrangements
The program has been in place for 4 years and has become a more
integral part of strategy over time.
conclusion
q&a
Looking to grow your business?Additional questions or comments?
/rentedcom @rentedcom rented @rentedcom
[email protected] (404) 421-6096
