Challenge:Help an experienced landlord earn more income with short-term rental, while still having a hands-on approach.
Julie Arnold was a successful long-term rental owner with 8 properties across Southern California when she decided to give vacation rental a try. Julie liked the idea that with a short-term rental, she could keep a close eye on her investment property.
To begin her new vacation rental venture, she bought a brand new house just two blocks from the ocean in the Pacific Beach area of San Diego. With an amazing property and plenty of rental experience under her belt, her only concern was figuring out how to get enough bookings to cover her expenses.
Julie spoke with some vacation rental property management companies, but their commissions were too high and policies too restrictive. She worried that she wouldn’t be able to find a partner that would allow her the freedom she needed at a reasonable price.
Fortunately for Julie, there was Evolve.
I spent a lot of money on my property and needed to make sure I was going to have enough money to cover all the expenses. The bookings are very important to me, and Evolve does all the work to get them. It’s great."
Time with Evolve
Julie was initially interested in Evolve because of our low 10% booking fee, which covered the cost of marketing her property on major listing sites like VRBO and Airbnb. However, what really convinced Julie was that Evolve allowed her to operate her rental exactly how she wanted.
“Evolve focuses on the marketing and booking, and I like it that way.” said Julie. Having the option to use one of Evolve's trusted local partners or a local cleaning company of her choice made Julie feel like she could trust Evolve to be a flexible, supportive partner for her new vacation rental business.
The house was completed in June, and once it was put into the network, I had bookings right away. I was happy. The house wasn’t sitting empty on the market for long, and that’s great.”
Six months later, Julie still feels confident that she chose the best partner for her. “It’s worked very well for me - so why change?” she said. You can certainly say it’s worked well. Julie has earned $64,559 and booked an impressive 139 nights in less than half a year with her first vacation rental.
Her gorgeous San Diego home has been hitting 50% occupancy since she signed up with Evolve, and she has her sights set on getting even more bookings throughout the rest of the year. With Evolve’s performance team on call to optimize her listing and its Travel Advisor team available 7 days a week to secure bookings, we have no doubt that Julie’s property will continue to thrive!
Want to get started on your best rental income year yet?
Request a free consultation to see if your home qualifies.