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Pros, Cons of Hosting Your Property On Airbnb or VRBO

Posted on by Tony Kinney

If you have an outstanding property you want to rent out for vacations, you have plenty of options. Property owners have more options, such as considering popular services like Airbnb, VRBO, etc. If you are in the Central Oregon area, Village Properties at Sunriver can aid you. Check out our vacation rentals and property management services to get a better idea and understand the pros and cons of Airbnb, VRBO, and more. Here are some pros and cons of hosting your vacation property on these platforms.

VRBO vs. Airbnb

For starters, Airbnb is a home rental service and application to connect customers to short-term vacation property renters. On the other hand, VRBO is short for Vacation Rental By Owner, offering potential guests houses, apartments, condos, villas, and more. Both offer similar services for people looking for vacation rentals or unique vacation homes.

Pros of Hosting on Airbnb or VRBO

  • Ease of use: Both platforms allow users to list a property quickly and easily, as well as upload photos, rates, descriptions, and more.
  • Exposure: Due to the popularity of Airbnb and VRBO, a large pool of people use these apps to find vacation rental properties. 
  • Flexible pricing: You can adjust your rates on the season, demand, and other factors.

Cons of Hosting on Airbnb or VRBO

  • Fees: Both Airbnb and VRBO have fees attached to using their services. 
  • Exposure: While exposure is also a pro of using Airbnb and VRBO, the popularity of these services means you will have to work hard to stand out too.
  • Strict policies: You’ll be at the whim of Airbnb and VRBO policies regarding cancellations, refunds, and other issues.

Reach A Wider Audience

Some of the best advice is to spread the widest net you can. Get as many eyes on your property as possible, so consider working with professional property managers. For those in Central Oregon, this is where Village Properties at Sunriver can help you the most. We will provide you with full-service property management. This means we handle all the hassles, and you can relax and reap the rewards. Some of the things that we can help manage to include the following:

  • Staying Updated with User-Friendly Technology
  • Home Care from Local Professionals
  • Maximize Bookings and Revenue
  • We’ll distribute and manage your listing across the top booking sites
  • Take advantage of a multi-faceted marketing strategy effectively utilizing search engine optimization, organic and paid digital and social media marketing, promotions, and email marketing

Find The Best Fit For Your Property

Since you know the pros and cons of Airbnb, VRBO, and more, you can decide about your vacation rental property. Visit Village Properties at Sunriver for more information about our Crossover Program, see other vacation rentals, the Homeowner Portal, and more. To hear more about our Sunriver and Caldera Springs property management services, contact our Vacations Property Manager, Nicole McClure, at nicole@village-properties.com or call directly at 541-749-1268.

Why You Should Hire a Property Management Company

Posted on by Tony Kinney

Hiring a property management company to manage your investment property may be the right choice for several reasons.  Here are a few of the benefits of hiring a property management company to manage your rental properties:

If You Have Limited Time to Devote to Your Rental Properties

Oregon’s population is growing at a rate of 1.41% annually, making it one of the fastest-growing states in the nation.  That offers a lot of opportunity for investors or would-be investors who want to purchase investment properties and rent them out to a booming population.

Whether you have one property or ten, managing them can easily become a full-time job or require the use of full-time employees.  From sourcing tenants and securing leases to overseeing property repairs, the day-to-day running of a rental property can take up much of your time.  A licensed property manager will know the laws and be skilled in tenant relations, so why not hire a professional management team to oversee your investment.

If You Have More Than One Rental Property

As with all investments, the time spent on your rental properties exponentially increases with the number of units being rented and occupied.  For this reason, if you have more than one or two rentals, you may need to hire a property manager to manage them for you.

If You Live in a Different State from Your Rental Properties

If you live in a different state from your rental properties, you’ll need to take into consideration your ability to handle situations as they arise.  Village Properties at Sunriver offers after hour’s response to address and protect your rental property and tenants.  With over 30 year’s experience, Village Properties at Sunriver has the in-house team to handle the day-to-day issues as well as the resources and programs in place to handle the big issues.

With a comprehensive preventive maintenance program, preferred vendors and in-house maintenance personnel, your investment is in good hands.

If You Want to Optimize Your Rental Process

Many investors who start out managing their rental properties on their own quickly learn that any inefficiencies in the rental process can mean losing valuable time and money—and lots of it.

Village Properties understands that choosing a property management company can be a big decision.  With over 30 years experience managing rental properties in Oregon, we are devoted to proving knowledge, skill, and success.

With options to maximize your rental potential, only Village Properties has all the programs and expertise to guarantee your success.  Contact us to learn more about how we can help you to make your rental process seamless.

Buying a Home in Sunriver

Posted on by Tony Kinney

So you’re thinking about buying a home in Sunriver. Maybe you’ve been vacationing here for years, and now want to live in the area. Perhaps you have decided to purchase a home to rent out seasonally, or year round. Whatever prompted the decision, you’ve made a good choice.

Sunriver has a lot to offer its residents. The weather is fantastic — Central Oregon has almost year round sunshine. The wildlife is abundant — deer, elk, raccoons, geese and squirrels will share their home with you. If you’re a golfer, you’ll be in golf heaven, with several wonderful golf courses in the area.

History

The first condominiums in Sunriver were built in the late sixties around the same time as the Sunriver Lodge. Today the community includes more than 4,000 privately-owned residences and has population of approximately 1,700, though during peak vacation season it may grow to 20,000 or more.

Location, Location, Location

Sunriver and Three Rivers South is a varied blend of neighborhoods planted amidst the natural beauty of forests, rivers and meadows. The area is bordered by the National Forest, mountains, buttes, parks, rivers and lakes. Less than 20 miles away is the popular city of Bend, Oregon; which has a variety of cultural attractions and outdoor activities.

But, you may choose to spend the majority of your time in beautiful Sunriver, which offers all of the services and amenities of a large community, along with a full service.

Village Properties can help you maneuver the single-family homes, condominiums, cabins and cottages in Sunriver, which run the gamut, from under $200,000 to into the seven figures.

Buying a vacation or long term rental

Our real estate experts can also help explain your best options for purchasing a vacation or long-term rental. Buying a home in Sunriver that you intend to be a vacation rental takes more consideration than the price and location of the home. It is important, for instance, to consider how you will manage your home.

As the area’s only full-service property management company, we have a great deal of experience handling single and multi-family units, rural and furnished properties. Once you have purchased, we can assist you with the routine handling of your rental.

Buying a residence

If you are planning on becoming a permanent resident, you should check out the community in the summer when it is most active. Visit in late spring or early fall also; when the streets are less populated, and days are more relaxed.

The off-season is when you can meet friends at one of the local coffee shops or brew pubs and take in small town life, albeit with a sophisticated edge. Contact us here at Village Properties to help you find the home of your dreams.

2017 Market

As we move into the 2017 housing market, there are a few factors that may influence your decision making.

  •      It will continue to be a seller’s market. With housing inventory low, and buyers continuing to enter the market, the demand will keep sellers running the show as long as homes are fairly priced.
  •      The Fed is most likely going to raise rates in 2017, which means home buyers will see higher interest rates on their loans. Buying early in the year is a good idea if you are able.
  •      Long-term rental inventory will continue to be low, which means rents will remain high.


Buying a home in Sunriver is a big decision, whether it is a summer vacation home or a permanent residence, so contact Village Properties today for information and help in your search at 877-859-5346.
 

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