Challenge: Prove to nervous Los Angeles investor the power of short-term rental returns.
After an extensive search for the perfect Vegas rental property, Adam, a native Californian, finally lucked out. He landed a 6-bedroom house just a few miles from the Las Vegas Strip. “It’s a fantastic find for this neighborhood,” Adam said.
Adam bought the home for $405,000 and was nervous about his ROI. After just one year, Alex was reaping the benefits of his investment; he made over $205,000 in just one year.
A seasoned investor from Los Angeles, Adam asked all the right questions, but knew he wouldn’t be able to manage the property himself. He lived over 5 hours away, worked long hours on his investment business, and knew that a great deal of work would be involved with getting the property updated and ready for short-term renters.
It was by chance that the seller’s real estate agent told Adam she had worked with a vacation rental management service previously -- cue Better Vacations.
Adam was thankful for the advising and support he received from the Better Vacations team. “I’m an anxious person, so diving into this investment wasn’t easy. The people at Better Vacations were extremely knowledgeable and made sure everything was taken care of.”
The team at Better Vacations listed the property, managed bookings, and kept Adam in the loop every step of the way. Better Vacations, with the approval from Adam, used their seasoned, veteran-level operations team to meticulously care for Adam’s home from landscaping to pool maintenance to cleaning.
Coming from an investment background, Adam kept tabs on the local market and felt that the Better Vacations team “did an incredible job at setting rates” and in turn, generating exponential returns on his investment.
TIME WITH BETTER VACATIONS:
It’s been just over two and a half years, and renters are hard-pressed to find an opening at Adam’s dream Vegas pool house. His renovated property has housed hundreds of guests.
In his first year, he made over $205,000 in rental income. Since working with Better Vacations, his earnings total over $460,000.
Adam is over the moon with the results of this property. So much so, that he’s talked about purchasing another vacation rental in the near future.
Now that Adam can rest assured his home is in good hands, he’s planning on starting a family. They hope to spend some quality family time at his pool oasis getaway.