The global vacation rental market is expected to be worth $170 billion by 2019 according to Skift.com. This industry is exponentially attracting new vacation rental owners who feel that by owning a vacation property, they are achieving the twenty-first century American Dream. Not only do second home buyers view this as a personal goal, but also as a dream catching “net zero investment” opportunity. In finance, according to Investopedia.com, a zero-investment portfolio pertains to “a group of investments which, when combined, create a zero net value.” With our global expertise, we at Engel & Völkers are here to support these personal and financial ventures. Through the guidance of our local advisors and property management team, we are dedicated to helping vacation home buyers of the Hilton Head Island – Bluffton area reach their goals.
Engel & Völkers Property Manager, Katie Thompson, strives for clients to achieve their net zero end goal. Being an expert in the field she knows there are many factors to be considered before becoming a vacation rental homeowner. The Hilton Head Island – Bluffton area provides various vacation experiences based on different locations and home amenities. Therefore, it is important to define specific rental property goals and understand how the Engel & Völkers property management team can help reach these expressed objectives.
According to Katie, “To achieve a net zero value, home owner goals need to be properly understood by our property management team. Commonly, vacation rental priorities include the following:
- Maximizing the home’s profitability.
- Providing proactive maintenance and management services.
- Customizing a marketing strategy to ensure exposure to the property's target audience.
By creating an asset management strategy, our property management team prioritizes these factors per significance to our client.”
Furthermore, Katie’s all-inclusive asset management approach provides high standards of quality when it comes to buying a home, working through the rental process, and creating positive client relationships. Engel & Völkers aims to set your vacation home apart with the use of our international network and by providing a higher level of service to homeowners and renters alike. As a property manager, Katie understands that positive experiences amongst renters and home owners is a key performance indicator of the long-term financial success of a rental property.
Katie speaks on behalf of her team affirming, “Engel & Völkers is proud to provide quality, full-service property management for residential properties including the leasing of rental properties in Hilton Head Island and Bluffton. Your home is a valuable investment that deserves a reliable, effective management service. By allowing our team to manage your residential property, we will ensure your home’s profitability, cleanliness, and security. Our residential services grant you peace of mind as we manage every detail of the rental process. Through finding safe tenants, maintaining the order of your property, and handling all repairs and services, you can be sure that your property is in the right hands.”
According to Statista.com, user penetration for the vacation rentals segment was at 4.8% in 2016 and expected to surpass 6% in 2020. Many experts also believe that the vacation rental business is becoming more complex and competitive, which will make knowledgeable property management companies, even more valuable and in demand. If you are interested in becoming a part of the booming vacation rental market or are looking for a long-term rental property, contact Katie Thompson at Engel & Völkers today: 843-715-4422 ext. 204 or Katie.Thompson@evusa.com.
Katie Thompson has been involved with Commercial and Residential Real Estate for over ten years on Hilton Head Island. Over the past ten years, Katie has managed a large grocery store anchored retail center and multiple office buildings on Hilton Head. Aside from managing duties, her job includes handling all maintenance and leasing duties along with helping expand her portfolio to over 50 long term rental properties. In October of 2015, Katie joined the Engel & Volker's Family and is excited to continue to build her Real Estate Portfolio. Her enthusiastic nature and southern charm gives clients that perfect welcome to the Low Country.