From Short on Time to Informed and Confident Owner
Achieving a staggering $250,104 in total rental income in 2023
Ashley
Boulder, CO
High-Level Executive and Owner of a Highly-Sought-After 3-Bedroom Log Cabin in Telluride, CO
3 BR | 4 BA | 2,729 sq. ft.
Problem
Meet Ashley, a high-level executive and owner of a beautiful 3-bedroom, 4-bathroom ski-in/ski-out townhome in Telluride, CO.
His property is a unique one with a great location, and he wanted to make it shine. The home is one of very few ski-in/ski-out residences in the area, plus it features a gorgeous stone and log construction that any guest would appreciate. There was no doubt in Ashley’s mind that it had all the makings of a successful short-term rental.
But once self-managing his property and juggling full-time executive work became too difficult, Ashley began his search for a full-service property management company. He was on the hunt for a company that would to help him turn his vacation rental into the five-star property he knew it deserved to be, all while increasing his revenue and keeping him informed every step of the way.
Go Local
Irritated by the time and energy it took to self-manage his short-term rental, Ashley started his hunt for a property management company in earnest. It did not take him long to come across LocalVR, and he found himself intrigued by our vetted processes to ensure owner satisfaction and our proven strategies for keeping his property in good shape.
From our first meeting with Ashley, it was obvious we could take a huge amount of stress off of his plate. We gave him a more in-depth overview of our strategies, including the assurance of his own personal liaison with us and the implementation of post-checkout inspections to preserve the property value of his gorgeous home. We also let him know that we’d send over revenue projections to give him a good idea of what income he’d be able to make from the property.
Ashley was immediately hooked and he decided to Go Local right then and there.
Solution
Once LocalVR took over managing Ashley’s Telluride property, it was vital to us that we followed through on all our commitments to him in a timely fashion.
We began by designating a personalized account manager to Ashley, who would act as his contact with us and communicate all questions or concerns, whenever they occurred. Next, we put together a customized property inspection checklist and implemented technology-assisted post-checkout inspections to maintain the home’s excellent care and keep it looking stunning for years to come. Finally, we sent over an in-depth pricing analysis to give Ashley an idea of the revenue that he should expect during his first year and beyond.
Since those early days over 5 years ago, Ashley has been nothing but satisfied with LocalVR’s property management services. He says that the consistency of his account management has been one of the main reasons he’s stayed–working with the same team for so long means they know the ins and outs of his property like the back of their hands, and often they know what he is after before he even asks.
Ashley’s numbers are nothing short of remarkable, either. In 2023, his property was able to earn a staggering $250,104 in total rental income with an average daily rate of $1,248.
Take Ashley’s
Word For It
Nowadays, Ashley has much more time to dedicate to his high-level executive position without the hassle of worrying about how his rental property is performing or being managed.
Ashley summarizes it best: “In short, LocalVR offers a comprehensive service package that delivers on all fronts. I have zero reservations in recommending LocalVR for future clients.”
“I’m confident that working with LocalVR has fully maximized my property’s net earnings.”
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FAQS
Pricing, Marketing & Distribution
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We make sure that guests can find your home, no matter where they are looking.
It’s more than that, though! You can be confident you’re getting the best coverage for your home because our listings make it to the top of Airbnb, Vrbo, TripAdvisor, Booking.com, and more.
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We’re obsessed with finding new ways to get you the best revenue for your home!
Our team uses an innovative software systems we developed to help get you the best booking rates for any property, any time of the year. Our algorithm analyzes market data and trends and then uses that information to dynamically price your home.
To simplify things, think of how airlines are constantly changing their rates to fit the market. Our prices are adjusted on a daily basis to make sure you are getting the most out of your investment.
On top of that, we keep a close eye on your property’s performance by constantly tracking metrics to make sure we’re hitting benchmarks. This is where your personal manager comes in to make custom adjustments to help.
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We set price floors and minimum night stay requirements using market data from across the region to make sure you’re getting the best price. But if you want to customize things, all of your holiday prices and floors can be adjusted.
With LocalVR, custom tools are at your fingertips! We strike a balance between generating revenue and maintaining the long-term value of your home.
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Detailed owner statements are given on a monthly basis. Each statement will show detailed breakdowns of every reservation and expense. Then the money is deposited directly into your bank account once you review it for accuracy.
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Everything you need to stay up to date is easy to find in your Owner’s Portal. When you sign up you’ll receive login information that allows you to see your calendar, revenue, booking metrics, and more.
You will receive login information to our Owner's Portal allowing you to see your calendar, revenue, booking metrics, and more.
Contracts & Fees
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When you team up with LocalVR, there are no terms or lock-in periods. You’re part of our team and we treat you like family.
We’re confident that you’ll be satisfied with us. We take pride in our industry-leading client retention rate. Thanks to our dedication to providing a high-quality service, we’re becoming a vacation rental leader.
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LocalVR has worked hard to get our management fee as low as possible for all partners. We pride ourselves in keeping everything wrapped up in one simple contingency-based fee based on your property.
If you want to know how much your property will make and what we’ll charge, you can get a super quick and easy quote from our team.
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LocalVR is a full-service vacation rental management company, which means everything you can think of (and more) is included in that fee.
Our management fee takes care of:
Premier guest services
Accounting and tax remittance
Marketing and listing your property on all the best sites
Dynamic pricing to get you the highest revenue possible
Cleaning and routine inspections after every check-out
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Homeowners are responsible for paying their HOA fees and utilities. Owners are also responsible for covering the cost of any repairs or maintenance that is outside the scope of a routine inspection.
Fees for outside services like hot tub maintenance, trash service, and snow plowing and shoveling are the owner’s responsibility.
Extra services are available from LocalVR contractors at competitive rates.
Onboarding
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Once you talk with our team, we’ll start the process of walking you through our management fees, the listing process, and the awesome technology we use to price your home.
If you decide LocalVR is the best option for you, then we’ll sign an agreement. This agreement includes everything we’ll need to manage the property.
Then we send you a questionnaire to get more details about your property. There are a few more things we’ll take care of to get your home ready for booking.
And after that’s all settled, you can sit back and relax. LocalVR handles all the little details that will make your home a profitable, streamlined investment.
We provide hands-on listing management for all the best vacation rental booking platforms. After your home is listed, everything is streamlined from check-in to check out.
Advanced technology and dynamic pricing software to get you the best booking prices for every holiday - any season, all year-round
1-on-1 support online, on the phone, and in person for your guests
Premier cleaning and upkeep by our local teams
Thorough post-checkout inspections
You name it, we’ve thought about it. If you have any questions about how we help you get the best income from your home, we’re here for you.
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LocalVR is the result of years of our team’s experience in the industry. We wanted to create a vacation rental network that combined the best parts of a local management company with the amazing technology that national companies have these days.
Here’s how we accomplish that:
Lower fees:
LocalVR charges 10-15% less than traditional local management companies
Technology that local networks don’t have
Our dynamic pricing algorithm ensures you always get the best prices, no matter what time of year
No time commitments or restrictive agreements
Marketing power that blows the small fish out of the water
Ability to control listings on all major booking sites
Thorough post-checkout inspections after guest stays
Local teams on the ground in your area
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When we founded LocalVR, we had a vision of combining a hometown management company with the advanced technology and resources of the big guys.
When you trust us with your home, we go above and beyond to be your local neighborhood partner.
Here’s what we do differently than the national agencies:
Dedicated team of local experts on the ground in your area
Post-check-out inspections to keep your home pristine - every time
Dedicated and responsive account manager available 24/7 to owners
Lower prices: Industry-leading competitive fee structure
It’s in the name - LocalVR. We’ll never change our commitment to locals-first management.
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It’s your home!
You can use it whenever you want. Your owners portal allows you to reserve stays.
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Our team is here 24/7 to ensure we’re here to handle any guest experience emergencies.
As a homeowner, you’ll have a dedicated account manager that will communicate between you and the rest of our local staff. We’re always here to address your specific needs, and they are readily available to you.
We work hard to respond to our homeowners within 1 hour between the hours of 8 AM - 8 PM.
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Our local team always makes sure your guests have clean linens, toiletries, and household supplies - everything included in the guest cleaning fee.
Owners are never responsible for ordering things like new towels or trash bags. Rest easy knowing it’s all taken care of!
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Don’t take it from us, listen to the voices of over 9600+ positive reviews and glowing customer testimonials.
Our Guest Experience
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The LocalVR team works hard to get you the best guests for your home. We’re confident that you’ll be happy with our guest vetting process.
We employ a full-time team to screen every reservation request that comes through for your property.
We accomplish that by:
Sending guests your custom rental agreement
Sending guests your custom questionnaire
Setting your custom house rules
Executing your custom guest vetting process
Setting a price floor and minimum night stay restrictions
Detecting red flags
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Our guest services and emergency maintenance team are available 24/7! When guests have a problem, they’ll contact us instead of you. Sleep easy knowing that your guests are taken care of.
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One of the great things about LocalVR is that we inspect your home after every guest stay - something you don’t get with other companies.
Our inspection team will report any damages they find after their thorough inspection. Those damages are documented and charged to the guest immediately.