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Your
Rental Property
The traveling public has high standards in their
selection of vacation homes. In general, expectations
have been established by the hotel and motel industry.
It is in your best interest to present your property in
its most appealing condition. This will encourage
happy, repeat guests that will “spread the word” to
their friends about their good experience at your
property. We have worked hand in hand with our owners
over the years to establish an excellent reputation in
the Sunriver vacation market. This is a relationship
that benefits all of our owners. The quality and
condition of your property is part of that relationship.
Wear & Tear
With increased occupancy of your property, you may
notice normal wear and tear. In general, we don’t see
much in the way of significant damage; however there are
a couple of areas that you should plan to accept. So
what is normal wear and tear in a nightly vacation
rental? If your house accommodates 8 people and rents
for 105 nights, that’s potentially 210 people playing,
eating and drinking in your home. Homeowners should
plan to set aside a percentage of rental income each
year to re-invest into their property. Carpeting and
furnishings may only last one-half the time they would
in a personal residence. Think of a sleeper sofa, you
may use it 4-5 times a year at home. A nightly rental
means (given 105 nights) that the sleeper sofa may be
opened and closed twice a day for 105 nights. That’s
210 times! If there’s a coffee table in front of it, it
has to be moved or dragged across the carpet the same
number of times!
Unless you have high quality bicycles, there can be
maintenance issues when people take them off the bike
paths. The best bikes are the single speed, coaster
brake, fat tire models. They require less maintenance
and stand up to a higher level of use. Talk to us
before making a purchase. Bikes you can purchase at the
“Big Box Stores” do not hold up well. Also, you can
expect a certain attrition rate of kitchen supplies.
Wine glasses get broken in the dishwasher, coffee cups
go missing, etc. You may find some kitchenware at your
neighbor’s home or vice versa. This would be the
inadvertent result of a reunion occupying two or more
properties. The low humidity here in the high desert is
hard on wooden furniture especially dining chairs, since
they experience stress in the normal usage. The lumber
shrinks, the glued joints crack, and then they become
weak. You could also expect minor smudging on the walls
around corners and staircases. This most likely comes
from luggage bags rubbing the walls. The quality of
your furniture and amenities will be a factor in the
life expectancy.
Some common items you will likely need to budget to
repair or replace annually are bikes, dishes, glasses,
cookware, and hot tub covers.
So what could you expect if there is a significant
damage incident? We have a maintenance department and
can make repairs in a wide range of areas involving
“accidental” damage. There can be little or no charge
for most of this. If we get in the habit of blaming
every guest for each minor incident, it may backfire
with less occupancy of your property in the future. If
there is significant damage or if the damage appears to
be reckless, we will have a deposit, a credit card or
both and will do our best to collect from the guest.
Fortunately, out of about 5,000 reservations per year,
we have only needed to go back to less than 6 guests per
year for collection (and the amounts are typically in
the $75 to $250 range). Our highest amount in ten years
has been a claim for only $600, which was paid by the
guest. It is important to understand however, that you
as the owner are ultimately responsible for your
property and it is important that you have accurate
insurance coverage for liability and damage. Check with
your insurance company regarding extent of coverage for
a vacation rental home.
New vacation rental homeowners should view their home as
an investment. While you have a personal attachment to
your property, it’s important to view it as a rental
property that will generate income to pay for a portion
of your investment. Bennington Properties’ goal is to
maximize each owner’s income potential. We will do our
best to keep every unit rented, clean and well
maintained. In order to meet this goal, homeowners are
asked to evaluate and refurbish their homes, where
needed, on an annual basis.
Please read the following décor and amenities list and
carefully consider each item before deciding whether or
not to incorporate it into your rental property.
Flooring: Carpet vs. Hard Surface
- The heavy traffic areas of carpeting need to be
cleaned in mid-season, at a minimum, to insure a fresh,
clean appearance. Coffee and coke “dribbles” are normal
wear and tear and must be expected. The guests that
arrive in August deserve a home in as good a condition
as those that vacationed the first of June. Plus, your
August guests are paying the highest rate for your
home! If you’d rather not contend with the wear and
tear associated with carpeting, hardwood flooring and
tile are both great alternatives, especially in high
traffic areas such as living rooms, dining rooms,
recreation rooms, kitchens and even stairways.
Electronics / Remotes - Guests love to see nice
stereo equipment and high end TV sets in their rental
homes. If your system involves more than a DVD player
and TV, please provide detailed instructions so that
guests can easily operate the equipment.
DVD / Video Library - A movie library is a great
amenity to offer your guests. However, we do not open
each case or count the number of titles each week.
Assume that you will lose a percentage of your movies
each year.
Pool Tables / Cue Sticks / Ping Pong - Because
these games are so frequently used by guests, you should
expect to repair them every one to two years. The
breaking of billiard sticks and/or tips is common and
considered normal wear and tear.
The following items are NOT recommended in rental
properties*:
Game systems
Remote controls for Garage door opener
Sports equipment (basketballs, volleyballs, etc.)
Exercise equipment (treadmill, weights, etc.)
*Please keep in mind, if an item is advertised, we
must provide it in working condition. |