Want to boost your rental income?
Background
Randy Radesic has an eye for a good investment. He was quick to jump into the housing market when mortgage rates were low, successfully buying and flipping a few homes in the Phoenix Area. He kept one property to use during his retirement, but eventually started to wonder if this valuable asset could be put to better use as a vacation rental.
After contacting a few property managers, Randy was quickly turned off by high fees and lack of clarity on how they would generate rental income. One manager’s fees eventually totaled 40% of his rental income – plus an extra $1000 just to get started. “She couldn’t even tell me how she was going to market the property,” Randy says. “How are you going to make money off a property you don’t promote?"
Randy was still determined to get some income out of his investment in the years before his retirement, and he took to the internet looking for alternatives to traditional property managers. Evolve caught his eye right away.
“
I laid out my rules, and if a traveler asks for something a bit unusual, Evolve always calls me to make sure it’s okay. Trust is a hard thing to come by, and they’ve got mine.”
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Evolve has been great for the performance of my investment. They’re generating enough revenue for me to turn a profit and the service is top notch.”
Randy Radesic, Evolve Homeowner
Solution
After his bad experiences with property managers and hidden fees, Randy was thrilled to learn Evolve charged a simple 10% fee for their Core management plan — no long-term committments or hidden fees in sight.
He was also pleased to see a rock-solid marketing plan in place, which included creating a custom property listing designed to appeal to guests, professional photography, and promotion across top booking sites like Airbnb and Vrbo.
From there, Evolve got to work developing a dynamic revenue strategy to make sure Randy's rental would get booked throughout the year — and our 24/7 guest support team started responding to inquiries almost immediately.
On top of the booking performance, Randy was especially impressed by how well Evolve communicates with him. “I laid out my rules, and if a traveler asks for something a bit unusual, Evolve always calls me to make sure it’s okay," he said. "Trust is a hard thing to come by, and they’ve got mine.”
Performance
Time with Evolve
9 months
Nights Booked
203
Total Bookings
15
Rental Income
$35,540
Results
Evolve has certainly delivered in the profitable investment category: we’ve rented Randy’s property for 203 nights during his first 9 months with us, and earned him an incredible $35,540 in rental income. The bookings continue to roll in and the property is outperforming similar long-term rentals in the area by over 65%.
Randy has been so impressed that he’s considering purchasing a few more homes to keep solely as vacation rentals. He’s even seeking out new clients on our behalf by telling all the vacation homeowners he knows that Evolve is the best investment he’s ever made!
START EARNING MORE
Schedule a call with one of our vacation rental advisors to see if you qualify.
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