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Case Study: First-time vacation rental buyer makes $24,192 in 5 Months

 

Challenge: Help an investor find a property in Myrtle Beach that will not only meet his income goals, but exceed them.

Background | Solution | Results | 

Background

Shad Seresinhe had seen ads for Evolve on Facebook and thought the industry-low fee of 10% sounded too good to be true. As someone familiar with the rental industry, Shad was interested in investing in a property in Myrtle Beach, South Carolina, but decided to give Evolve a call first.

After speaking with a Homeowner Consultant and learning that Evolve’s fee is actually just 10% per booking for everything from pricing analysts to travel advisors to professional photography, Shad knew Evolve would be a key element in his success.

“Once I found out that the 10% was really 10%, and still full-featured, I was in.”

With a team of over 300 vacation rental experts ready to deliver bookings, Shad had everything he needed to be profitable - except a property.

Luckily, Evolve was able to help with that, too.

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I am very happy with Evolve - the partnership we have is so great."

Evolve not only set me up with an agent to find me the perfect property, but once my rental went live - the bookings just kept coming in."

Shad Seresinhe, Evolve Owner

Solution

Evolve connected Shad with one of their Preferred Agents in Myrtle Beach. Shad, who is a resident of Canada, was unfamiliar with the Myrtle Beach area, but knew that it would be a desirable destination. He was in need of a knowledgeable real estate partner that could find him great properties, in great locations, and with great potential for rental income.

“The Evolve Preferred Agent that I was put in touch with went above and beyond for me. She not only found me the perfect property, but she also found a high-quality and cost-effective renovations company so I could give my new property the upscale look I wanted.”

In addition to finding him a reliable agent, Evolve set Shad up with on-the-ground cleaners and guest contacts so that, as a long distance owner, he would know his guests and his property were in good hands.

Performance



Time with Evolve

5 months


Nights Booked

121


Total Bookings

26


Rental Income

$24,192

Results

As an experienced investor, Shad came to Evolve with a rental income goal in mind: “I was hoping to do $20,000 in the first year,” he said.

But in just his first five months as a short-term-rental owner with Evolve, he’s already exceeded his goals.

“In fact, when my property first went live, I was getting around 500 views a day on VRBO. Bookings just kept coming in and it definitely exceeded my expectations.”

In less than half a year, Shad has made $24,192 and counting. We can’t wait to see where he lands by the end of his first year, and are so happy we could provide the tools and contacts he needed to find a property and go above and beyond his goals!

START EARNING MORE

Request a free consultation to see how Evolve can help you.

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