Want to boost your rental income?

Case Study: Breckenridge Owner
Boosts Profit by 90%

 

Challenge: Help a frustrated vacation rental owner escape from his underperforming property management company.

Background | Solution | Results | 

Background

Ryan Hart purchased a beautiful home in the mountains of Breckenridge, CO in 2007. Five years later, having moved to Denver, he decided to convert his property into a vacation rental.

Ryan signed up with a local property manager who charged a 35% booking commission, plus maintenance fees. The company secured an occasional booking, but the onsite services fell well short of Ryan’s expectations. When visiting the home, instead of enjoying his stay, Ryan spent his time addressing issues the property manager had overlooked.

Finally, in 2014, Ryan decided something needed to change. He interviewed half a dozen property management companies but had an ominous feeling that history was about to repeat itself.

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After spending two years with a full-service management company, I was in need of a better solution. Evolve helped turn my home from a money loser into a profitable investment!”

Within a few weeks of joining Evolve, my property was booked to over 80% occupancy during ski season. If I didn’t know the prior year’s performance, I might be tempted to write it off as a photogenic home that attracts travelers. But having spent two years with a property manager, it’s obvious there’s much more to it than that.”

Ryan Hart, Evolve Homeowner

Solution

Prior to making his decision, Ryan discovered Evolve. He hadn’t considered working with a company that specializes in marketing and booking vacation rentals, but he was intrigued.

“After spending two years with a full-service management company, I was in need of a better solution. Evolve helped turn my home from a money loser into a profitable investment!”

After discussing the details with an Evolve Homeowner Consultant, Ryan quickly realized that Evolve’s marketing expertise and network of vetted local service partners had the potential to be the perfect solution for his rental.

Performance



Time with
Evolve

2 MONTHS


Nights
Booked

143


Total
Bookings

29


Rental
Income

$58,621


Income
Growth

90%

Results

After only 2 months with Evolve, Ryan’s property was booked solid for ski season and his year-over-year rental income had increased by nearly $12,000. With Evolve’s low booking fee of 10%, Ryan was also able to retain an additional $18,519 in profits from his rental—an incredible improvement of 90%!

Ryan no longer worries about paying excessive fees to an underperforming property manager, and any onsite issues are handled quickly by Evolve’s local service partner. Best of all, Ryan gets to enjoy carefree visits to Belle Vue Chalet knowing that his investment is now profitable.

START EARNING MORE

Schedule a call with one of our vacation rental advisors to see if you qualify.

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