TurnKey Vacation Rentals is a property management company that specializes in full-service vacation rentals. The company offers properties in 55 markets across the United States. They chose these markets with the guest in mind. Its culture is described as “C-.” Read the full article to learn more. A Revenue Guarantee is one of the company’s unique features.
Vacasa paid $618.8 million for TurnKey Vacation Rentals
Vacasa is an Austin, Texas-based vacation rental management company. It has raised $120 million in venture funding over the past five years and is valued at $1 billion. In June, the company announced that it had closed a $108 million Series D round and is preparing for an IPO later this year. Vacasa has also hired Jamie Cohen, a former venture capitalist with experience in IPOs, as its CFO. TurnKey also confirmed that it is looking into an IPO.
The acquisition is an indication that consumer confidence in travel is returning. The combined company will have about 30,000 vacation homes available for rent in North America, Belize, and Costa Rica. The acquisition will also increase Vacasa’s field team of nearly 5,000 employees. The combined team will help owners with taxes, permits, and other aspects of running a rental property.
Vacasa plans to use the funds raised from the deal to accelerate growth. Vacasa will continue to manage its own vacation rental properties in Portland, Oregon, and Austin, Texas, and will also take on TurnKey Vacation Rentals. Both companies have more than two million guests per year. The deal will create an online vacation rental management company with a broader product offering.
TurnKey Vacation Rentals is a major player in the short-term rental industry. It manages more than 35,000 vacation rentals in the U.S., Canada, and Costa Rica. The company also recently updated its full-year revenue guidance by more than $100 million. In July, the company announced its intention to go public on the New York Stock Exchange and Nasdaq.
TurnKey is a full-service vacation rental property management company
TurnKey is a full-service vacation property management company that lists thousands of vacation rental homes in some of the world’s most popular travel destinations. They vet each property to meet a high standard and provide a hotel-like experience. The company’s website also includes a 24-hour customer support team. TurnKey has over 6,000 units in 80 of the most popular travel destinations and has an excellent reputation among vacation rental property owners.
TurnKey is based in Austin, Texas, and currently manages vacation rentals in more than 80 destinations. The deal with Vacasa will add nearly 6,000 TurnKey properties to its portfolio. The companies are combining their resources to provide more efficient service to vacation rental owners and ensure a high-quality guest experience. Vacasa also plans to retain its headquarters in Austin.
The benefits of working with a full-service vacation rental property management service are numerous. You get premium full service support, including a smooth transition. This will help you make money faster. You won’t have to worry about repairs or renovations. TurnKey can also handle maintenance and marketing for your vacation rental property. This will allow you to focus on marketing your property and attracting clients.
The TurnKey pricing structure is flexible, allowing for a wide range of rates. Rates depend on several factors, including the season, home size, amenities, and location. TurnKey offers more than 80 destinations across the US, from beach resorts to mountain retreats. Some of their properties are even located in major metropolitan areas.
TurnKey has a Revenue Guarantee
TurnKey Vacation Rentals is a leading vacation rental management company, specializing in premium and luxury properties. It recently secured $48 million in new funding, led by Altos Ventures. Additional investors include Adams Street Partners and Greenspring Associates. In total, TurnKey has raised $120 million since 2013. The company has invested in proprietary technology to improve the experience for both homeowners and guests. This includes housekeeping scheduling software, digital smart locks, noise decibel monitors, and “HomeDroid” tablets.
Turnkey offers properties across 55 markets in the United States. Their properties are handpicked with the guest in mind. It has a presence in 20 U.S. states and Canada. To ensure a steady stream of revenue, Turnkey offers a Revenue Guarantee. As a result, it has a revenue guarantee of at least $5,000 per listing for the first year. In addition, Turnkey offers a Revenue Guarantee if the property manager changes platforms.
Another way to increase the chances of making a profit with TurnKey Vacation Rentals is to invest in locations where travelers flock. Some destinations are less expensive than others, and people who visit there prefer vacation rental properties instead of hotel rooms. Lower housing costs mean higher profits. By investing in these areas, you can start earning profits from your rental property in a short period of time.
To reserve a property with TurnKey, all you need to do is place a 10-percent deposit. If the booking is cancelled within 72 hours of the booking, TurnKey will refund the full amount of the deposit. Any cancellations after this time period will be non-refundable. Guests can also buy travel insurance if they like, but this is not required.
Its technology allows for contact-free entry
With a simple touch of a button, guests can enter their turnkey vacation rental via contact-free access. Instead of using a lockbox, guests can use a digital keypad to enter the unit. The technology has a number of advantages, including a more convenient check-in process and less chance of guest theft. Plus, guests can customize their access permissions.
Smart connected devices are a cost-effective, contact-free entry solution that protects guests and owners. These devices provide real-time information, alerts, and more to keep guests safe and owners informed. They also monitor noise, CO2 emissions, leaks, and occupancy in real-time, reducing the risk of accidents and theft. Plus, these systems integrate with other parts of a business, allowing owners to streamline operations.