David H. | Breckenridge, CO
Strategy consultant & owner of a gorgeous custom-built 4 bedroom Highlands chalet
From Worried Owner to Relaxed Investor
NOW EARNING 78% MORE IN PASSIVE INCOME
Problem
Meet David: a successful strategy consultant and owner of a beautiful 4 bedroom custom-built chalet in the coveted Highlands neighborhood of Breckenridge.
David dreamed of turning his rental into a hands-off passive income stream, but those hopes quickly faded due to personal time constraints, not living in the area, and lack of maintenance know-how.
Without an easy way to solve problems that occurred, David’s property wasn’t being attended to in a way that was best for his guests and maintenance items were accumulating…
Torn between the local manager David felt loyal to and his long-term rental goals, his out-of-town oversight was turning into a nightmare.
This was not what he had pictured when he bought the property, at all.
4BR | 4.5BA | 3,800 sq. ft.
David Goes Local
Frustrated with the time and energy he was spending on what was supposed to be a passive income stream, David realized it was time to find a better solution.
That’s when he found LocalVR.
From our very first conversation with David, we knew that LocalVR would be able to provide a personalized approach to turn his property into the successful investment he dreamed it would be.
We vowed to not only keep the house in the best shape and care of its life, but to also fill his calendar out nicely with higher value, longer bookings before filling the gaps in. David could rest easy knowing it’s in our best interest to grow his earnings while preserving his property value strategically.
As soon as David went LocalVR, he knew it was the right decision– one that earned him profit for the first time in 2020!
Solution
David’s listing was live in less than a week as LocalVR began implementing processes for improvement:
Dedicated account manager
Customizing a comprehensive property inspection checklist
In-depth pricing analysis
Our immediate priority was to take stress off of his plate, so we introduced him to his dedicated account manager, who oversaw every aspect of his experience. From booking requirements to ground-ops and cleaning, David’s preferences were considered every step of the way. Long after onboarding, David is still impressed that his emails never go unanswered.
LocalVr’s team of experts in revenue were able to unearth a massive opportunity to increase profit using our in-house proprietary pricing algorithm. This, along with our reliable ground operations allowed David to immediately increase his earnings and comfortably take a step back from day-to-day operations–just as he’d always hoped.
“I don’t think [my experience] could be any better. I think [LocalVR] is doing a wonderful job on the rental side and property-care side.”
Results
David couldn’t be happier after switching to LocalVR, and the results of our efforts speak for themselves.
One year after going LocalVR, David was able to make $119,000 in gross revenue– a 78% increase from the previous 12 months! His dedicated account manager took care of every detail, from overseeing necessary upgrades to ensuring the rental was spotless for every guest.
Not only that, but rental occupancy also jumped by an astounding 203% during his first year with us, and the length of stay nearly doubled in 2021 from the previous year.
More guests and less stress were David’s biggest goals, and we were able to achieve both for him.
Now, David gets all of the benefits of ownership without any of the hassle that previously came along with it, turning this investment nightmare into a passive income dream.
