Vacation properties have become a popular investment source, paying for themselves as they help investors pay for their future, and the Sun Valley area of Idaho has always been a popular choice for investment properties. It is known for being the first ski resort in the United States and for being the first ski resort to install chairlifts, taking skiers to new heights of fun without too much effort. This entrepreneurial spirit is a huge part of what makes this area so profitable, and if you are considering a Sun Valley vacation property, you may also be looking for a property management company to help pave the way to success, an area in which we at Abode Sun Valley have plenty of experience, and we are offering this top 10 list of reasons why you should consider us as your Sun Valley property manager.
Reason #10: We Know the Area
Sun Valley isn’t some distant town that we decided would be a great place in which to branch out; it is our home. We live here, our children go to school here, and our roots grow deep. We know that travelers come for the mountains and the skiing, and we know that they choose properties for the comforts and quiet luxuries that provide a soft place to land after a long day of vacation adventures. Because we know this area, we also know the people and their work ethics, choosing housekeeping and maintenance teams that will treat your property with the same care they would their own. Working together to keep your property in tip top condition ensures that it will continue to work for you, providing that successful future that you starting dreaming about from the first moment you stepped inside and started seeing all the possibilities.
Reason #9: Let Us Be Your Concierge
Falling into the category of knowing the area, this knowledge allows us to work as concierges for your potential guests. We can tell show them the best restaurants, send them to the best shops, and give them ideas on how to fill their vacation minutes while they are exploring our favorite place on earth. Our roots have led to a passion for this part of the United States, and that passion translates to information and tips for travelers who may not have a clue as to what they can do while they are here. And when your guests return home after a successful and eventful Idaho getaway, they are going to remember how comfortable they felt in your property and how much fun they had due to the tips we provided, perhaps even encouraging them to look your way again when they start planning a return trip to Sun Valley.
Reason #8: Professional and Experienced
In today’s world, it can be easy for people to buy a house, rent it out, and consider themselves property managers, but Abode Sun Valley is far more professional than that. We look at this business as a profession, constantly studying and researching all the ways we can help our owners and using our years of experience in ways that other less experienced companies can. We know this market inside and out, and we know the secrets that can bring your investment to the top levels of success. We are professional in our dealings, and although we consider the owners who hire us as family, we will treat them with the respect they have earned and so richly deserve. Our word is our bond, and our experience ensures that mistakes are rarely made and your investment future will stay shiny and bright.
Reason #7: Proven Success in Other Markets
Sun Valley is our home, and we are proud of the work we have done here, but it isn’t the only area we work in, with other parts of our team offering the same level of success and professionalism in other parts of the country, including Park City, Utah, and Jackson Hole, Wyoming. The teams that work there are local as well, and as we share secrets on how to attract travelers to our mountain retreats, we expand our knowledge of the market and often learn new ways to help our owners, wherever they may be, enjoy the success that can be hard to find when choosing the wrong property management company. The years of experience all the members of our teams hold, in all parts of the country, is just another reason choosing Abode Sun Valley for your property management needs will be the second best decision you have made this year. The first being the one where you decided to take a look at the vacation property market in Sun Valley, Idaho, of course.
Reason #6: We Do the Work So You Don’t Have To
Vacation properties can bring as much as an 11% return (or more) on your investment, and although that is higher than other forms of investing, including stocks or bonds, many potential investors shy away from the opportunities because of all the work that is involved. From the maintenance, cleaning, advertising, and having to know the laws and rules of the area where the investment is located to the late night phone calls, vetting of potential tenants, and all the other millions of details involved with the business, it is no wonder that not everyone is willing to jump on the vacation rental bandwagon. Our maintenance plans will help keep emergencies from happening in most cases, but there are always exceptions to the rule, and of course, most emergencies will not happen during standard business hours, but that’s ok. We take those 2 AM phone calls, dealing with the issue and informing you of how it was resolved or what we think needs done to resolve it, but only during regular business hours. And because you know that is where we step into the picture, batting clean up so to speak, so that you only have to do what you want to do, which may be nothing more than sitting back and watching your retirement plans grow even brighter.
Reason #5: Maximum Return on Your Investment
Remember when we mentioned all the research and study we do to continue to keep the properties we manage stay successful? The vacation rental market is a fluid one with rules, regulations, and laws constantly changing and rental rates rising and lowering as well. We never stop the research, ensuring that the rates you charge are always right on the money, knowing that if the cost is too high for the market, renters will look elsewhere, and if the fees are too low, well, that is just the same as taking money out of your bank account and setting it on fire. And because the market is different in every town, city, and state, we know that while an average 2-bedroom property in Sun Valley can generate approximately $70,000 in rental income, we also know that a Jackson Hole rental property can make slightly more, coming in at $73,000 a year, while Park City comes in at $83,000, simply because they deal in a slightly more luxurious market. And although the only number that truly matters to you is the Sun Valley one, it does help you understand a little bit more of how we ensure the maximum ROI for the largest investment you may ever make.
Reason #4: Licenses, Laws, Rules, and Regulations
If you’re like most people, your eyes began to glaze over when you started reading this reason, or maybe your pulse started to race and you physically took a step backward as if to ward off the consequences of not knowing all of the above. This reason right here might be one of the biggest reasons vacation rental property owners seek out the services of property management companies, understanding on some level that not knowing the fine print could cause much financial stress. For instance, it has only been in the last few years that Sun Valley began requiring short-term rentals to be licensed, even though nearby Ketchum has been doing so for years, charging over $500 for application fees. Again, not something you may want to concern yourself with, which is why we take on that part of the process as well. Taxes are another big consideration, and even as we all hate to have to deal with the IRS in any way, we can handle that part as well, ensuring that you don’t have to worry about making a misstep when it comes to tax laws.
Reason #3: The Sticky Stuff
In a kinder, gentler world, all tenants would be clean, honest, and willing to treat your property with respect, but in the real world, this may not always be the case. We’ve been in this business for a long time, and we have learned all the ways to vet your tenants, but life happens and there may be times when guests don’t always follow the rules, perhaps inviting people over for a party or refusing to leave when their check out time has arrived. Disputes with tenants are never a fun thing and under most circumstances won’t happen but if it does happen, Abode Sun Valley will handle it, again leaving owners with only good things to deal with. We know you could handle it all yourself, but that’s what you pay us for, and we don’t mind handling the sticky stuff that could prove to be problematic.
Reason #2: The Green Stuff
Making money is the point of investment, and that’s where we shine the brightest. You already know how we earn you a maximum ROI, but did you know that we collect the money, handle any disputes over the money, and then ensure that you receive your money without you having to do anything more than count it as it grows? And because we can’t consider ourselves successful until your property is successful, we won’t nickel and dime you with fees that add up quickly and often end up taking a large chunk out of your profits. Additionally, we offer different packages, allowing our owners to choose the level they want to be involved in the business end of their investment and if you want to do more and pay less, your profits will jump even higher.
Reason #1: The Abode Sun Valley Difference
When you sign on with Abode Sun Valley, you aren’t an anonymous face in the crowd; you are one of a very select group of owners, all of which will receive 100% of our attention. We don’t take on a large number of properties, preferring to work closely with owners of the best properties and taking fewer chances that something will get missed in all the distractions involved with too many properties and too few managers. Abode Sun Valley is known throughout Idaho and the entire nation for offering unparalleled levels of luxury, comfort, and style, and when you become a part of our family, your property will reach those same levels, ensuring that it will bring in the higher end of rental fees and will suffer far less open nights than other properties managed by other companies may have. Our owners and the guests that rent their properties expect a higher level of service, and because we are who we are, we don’t just meet your expectations, we exceed them, enabling you to relax and start planning a successful and profitable future.
Contact Us Today and Let’s Start This Partnership with Success Together
By now, you may have a clearer idea of the work involved with managing a vacation rental property, and we hope you also have a better picture in your mind of all the ways we can guide you to a successful and profitable future. Contact us today to start one of the most important partnerships of your financial life and discover why discerning owners choose Abode Sun Valley for their property management needs!
