Finger Lakes Rental Management Services
Join the Sharing Economy
Forbes calls it one of the fastest growing trends in the U.S. Sharing an asset you are not fully using is a $3.5 billion component of the economy and growing at a rate of 25% a year. It makes sense. If you have a vacation home that sometimes sits empty, why not rent it to someone when you’re not using it? Or, if you are an investor seeking a way to tap into the sharing economy, why not do it through the ownership of a vacation rental? The sharing economy is being hailed as a way to create new jobs, make better use of existing resources and reduce our carbon footprint. Property ownership should be fun and rewarding. The rise of the sharing economy also makes it profitable.
Finger Lakes Premier Properties has been managing vacation homes since 1993. We’re the largest vacation rental management company in the region and we’re proud to represent more than 250 home owners on six lakes – Honeoye, Conesus, Canandaigua, Keuka, Seneca and Cayuga.
Grow your Income
The amount of income you can earn varies according to the size and location of your vacation home. Recent figures from the vacation rental industry show that 54% of vacation home owners are able to cover more than three quarters of their mortgage from renting their vacation home. On average, the renting of vacation homes grosses an annual income of $27,360 in the U.S. Many vacation home owners are happy to cover some of their mortgage or a portion of their operating expenses. It depends on your goals and your vacation home’s potential. Finger Lakes Premier
Properties manages some vacation homes that gross more than $145,000 a year.
We also use advanced revenue management tools to manage your rental rates based on supply and demand. Our professional photographers ensure your vacation home is beautifully presented on our website and your home will have its own page consisting of quality interior and exterior photos, optional virtual tours, an in depth property description, and a list of amenities and rental rates. The availability calendar is updated several times a day, and guests have the ability to make online bookings or inquiries. Our website is completely interactive and user friendly, and is positioned at the top of all major search engines.
Enjoy Full-Service Management
There are a lot of moving parts when it comes to renting a vacation home. They run the gamut from government regulations to marketing, lead management, guest screening, secure payment systems, housekeeping, maintenance and responding to guest calls at 3AM in the morning. Our services are turn-key and provided by more than 100 employees who are trained and accredited by both the real estate and vacation rental industry. We are proud members of the National Association of Realtors (NAR), the Vacation Rental Management Association (VRMA) and the Association of Vacation Rental Housekeeping Professionals (VRHP). Finger Lakes Premier Properties manages all facets of the vacation rental process including marketing, reservations, housekeeping and maintenance. We also submit lodging taxes on your behalf to local governments as a complementary service.
We have two office locations, one in Penn Yan, NY, and the other in Canandaigua, NY. Our reservation agents work on-site 7 days a week and there is always a Manager on Duty, a Housekeeper on Duty and a Technician on Duty to respond to after-hour calls summer, fall, winter and spring. We have staff who can provide design guidance and who, having worked with guests for more than 20 years, can advise you on all aspects of the rental experience. To ensure guests have what they need when they arrive at your home, we provide complementary “start-up” packs of coffee, tea, soap, dishwashing detergent and paper products.
At Less Cost
We work in partnership with our vacation home owners. Our commission rate is 15% for rentals of 180 days or more and 20% for weekly or short-term stays of two to three days. No commission is required, unless your vacation home is rented. Commission rates range from 18 to 50% across the U.S. so our rates are viewed as very competitive. We are conversant with advanced technologies and our homeowners are given their own login to view their bookings and payments from anywhere in the world. We keep your expenses as low as possible by staying up-to-date on the changing dynamics of the vacation rental industry.
Our business is vacation rentals and lakefront real estate sales. Lakefront living has been our passion for more than 24 years and we are confident we can provide you with the advice and quality service you are seeking. We can be reached toll-free at 888-414-LAKE (5253) or via email at NBD@flpplake.com.