Facilitating Short-Term Rentals on a Remote Lake is Complicated and Time-Intensive
Along with the unmatched bliss of relaxing on your own boat dock, owning a lake house comes with a hungry, three-headed monster—maintenance, insurance, and taxes. Savvy homeowners have decided if they’re going to have to pay for all this anyway, why not let the property pay for itself?
We help clients do just that, and a lot more.
Turn your expensive second home into a profit center. Offset your maintenance costs, your insurance, and your taxes.
It’s a thoughtful and thorough process
Click on each part for more details
We have done the math so that you can dispel any notions of get-rich-quick schemes, and focus on building a sustainable revenue stream to offset your maintenance costs, fund some improvements, save for taxes, and even bring home a little extra if you have a good plan and good help.
Our management fee is 15-20% depending on variables like availability.
House cleaning varies by the number of rentals and property owner usage.
Maintenance varies by property but is needed with or without renting.
Assumptions: A weekend is 2 nights, a week is 6 nights and includes a weekend;
And for this example, we’re not accounting for increased holiday or weekend pricing.
House A is listed at $300/night + $200 cleaning fee
and rents for 13 weeks and 5 weekends in a year
(($300 x 6) x 13) + (($300 x 2) x 5) + ($200 x (13 + 5)) = $30,000
House B is listed at $500/night + $300 cleaning fee
and rents for 16 weeks and 4 weekends in a year
(($500 x 6) x 16) + (($500 x 2) x 4) + ($300 x (16 + 4)) = $58,000