WNC REALTY & RENTALS Asheville Vacation Homes
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  • Vacation Rentals
    • 1 & 2 Bedroom Vacation Rentals >
      • La Bellavista (2BR/2BA)
      • Lucerne Chalet - Asheville (2BR/1.5BA)
      • Matterhorn Chalet - Asheville (2BR/2BA)
      • Inn on Westwood - Atkinson, West Asheville (2BR/1BA)
      • Inn on Westwood - Bennett, West Asheville (2BR/1BA)
      • Topsy's Trailer - Arden/Asheville (2BR/1BA)
      • Roaring Fork Chalet - Burnsville/Mt Mitchell/Asheville (2BR/1BA)
    • 3 Bedroom Vacation Rentals >
      • Deer Path - Pisgah Forest/Brevard (3BR/2.5BA)
      • Mill Grove of Asheville - Asheville/Riceville Valley (3BR/3BA)
      • Ashevilleshire Cottage - West Asheville (3BR/2BA)
      • Royal Cottage - Asheville (3BR/2.5BA)
    • 4 & 5 Bedroom Vacation Rentals >
      • Robin's Nest Candler/Asheville (4BR/4BA)
      • Bear Mountain Lodge - Hendersonville (5BR+/2.5BA)
      • Foxhaven - Asheville (4BR/3BA) >
        • NEW! 360 Photos
      • White Squirrel Log Cabin - Hendersonville/Asheville (5BR/2BA/2HB)
    • Available Homes >
      • Coming Soon
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THANK YOU ALL for attending the weekend!!




CREIANC 2023 - Connect, Learn & Grow!
provided by WNC Realty & Rentals

Vacation Rentals Outline - Download a PDF
File Size: 136 kb
File Type: creia - weekend education 2023 - outline
Download File


Our History at WNC Realty & Rentals
(We’re here because we have a proven track record - Not based on theory)
  • ​The secret is WORK.  It's a BUSINESS not an investment.
  • Educate everyone on your team of  THE MISSION
  • I've been a CREIA member for 20+ years
  • I owned and managed many vacation rentals for 20 years
  • Darlene - 35 years in the hotel/hospitality industry
  • I managed seven vacation rentals before partnering with Darlene
  • Now have 24 managed properties
  • 4.96 overall rating on Airbnb
  • 4.92 on Vrbo
  • 1,000+ reservations per year
  • Hosted over 8,000 guests in 2022​

More Numbers & Technology
  • Avg length of stay (2022) was 3.9 nights
  • The cancellation rate for 2022 is less than 5%
  • We utilize apps that we have created which automatically email/text guests, apps for each maid service, individual client-owner calendar apps, as well as Weekly Openings/Closings apps
  • Utilize cameras, internet-controlled thermostats, auto-responders, auto-emails, auto-texts
  • Closing & opening inspections to ensure 5-Star quality

The history of vacation renting
  • Started in the late 1600s mostly in coastal areas in Europe
  • USA 1950s but really became popular by the 1990s
  • Vrbo started in 1995
  • Airbnb started in 2008
  • Booking.com is the biggest and (in my opinion the most expensive in fees)
  • AVL has always been a vacation destination since before George Vanderbilt arrived

How does a vacation rental differ from a long-term rental?
  • A business versus an investment
  • 2-3 times money revenue generated
  • Scalable - Not Static
  • Upfront investment
  • Long-term commitment
  • Enjoys the same property appreciation as a L-T rental

Which long-term rentals should NOT be converted to vacation rentals?
  • Properties in an undesirable or bad location
  • Properties in need of repairs or is outdated
  • Can’t make the numbers work as a vacation rental
  • Purchased at an inflated price
  • Long-term revenue is very good right now as an owner

The IDEAL property for a vacation rental
  • Location, location, location
  • Amenities - VIEW, open-floor plan, game room, ensuites, large outdoor areas, fenced yard
  • Low cost of ownership including purchase
  • Low maintenance
  • Flat or easy entryway
  • Not close to neighbors
  • Uber and Lyft accessible (Pizza delivery too)
  • Modern appliances, fixtures, furnishings, lighting, etc
  • No personal items of yours
  • Great beds and linens
  • Good cell service
  • Fast Wi-Fi and private workspace
  • No HOA
  • City water and septic if possible

How do the laws differ between vacation rentals and long-term rentals?
  • Vacation Rental Act - KNOW it frontwards and backward
  • I.e.  180 days to honor all future reservations
  • ALL monies are required to be kept in a trust account (Short or long-term)
  • Whether you’re a Realtor or not the VRA applies to you
  • Can’t manage other people’s property without a real estate license IF you take guest’s monies

How location affects your rentability
  • The closer to AVL the more it rents.  PERIOD
  • The further from AVL the less it rents. PERIOD
  • A "VIEW" is GOLD!
 
What are the advantages/disadvantages of having a "pet-friendly" policy?
  • Some homes have over 50% dogs
  • DOGS only due to allergies
  • Earns thousands in annually
  • Use fee for deep cleaning and capital improvements 
  • Pay maids more per dog to incentivize them

Fine Details
  • How to set up a house
  • Guest reservations - From initial contact through to the review
  • What questions should I ask a potential vacation rental property manager/partner?
  • What are the characteristics of a vacation property that makes it successful?
  • How to make your vacation rental stand out from all the others.
  • What accouterments do vacation renters expect in a vacation rental?

 What are the range of services we provide our partners?
  • Create and maintain all marketing websites
  • Provide NCDOR & county tax figures (Owner is responsible for reporting/paying taxes)
  • Maintain a central calendar for all reservations for vendors and owners (an additional "app" fee will apply)  
  • Manage and oversee the cleaning schedule of the maid staff
  • Oversee all subcontractors (fee may apply)
  • Recommend updates/upgrades to the owner
  • Provide monthly profit and expenditure spreadsheet
  • Be on-call 24/7 for guests/property emergencies
  • Inspect and secure the property after guests' departure
  • Inspect property before guests arrive to ensure 5-Star quality
  • Perform site visits for quality control
  • Inventory check and refills of property on a regular basis
  • Oversee trust account and adhere to all applicable NC laws
  • Closing comments and future 2023 prediction

Confessions and Predications
  • I don’t read other’s books, I don’t comparison shop other’s nightly rates, nor do I talk with others about their vacation rentals
  • I do compare our rates to the overall local market rates though
  • 2020 compared to 2019 was UP 32%
  • 2021 compared to 2020 was UP 54%
  • 2022 compared to 2021 was DOWN 10.3%
  • My 2023 prediction is a flat or slight decline in the AVL area compared to 2021 & 2022 but UP from 2019
  • The secret is WORK​​
  • Educate everyone on your team of  THE MISSION

Disclaimer for WNC Realty & Rentals Last updated: May 01, 2023

Interpretation
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  • You means the individual accessing the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
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DisclaimerThe information contained on the Service is for general information purposes only.
The Company assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the Company be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents on the Service at any time without prior notice. This Disclaimer has been created with the help of the Free Disclaimer Generator.
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Contact UsIf you have any questions about this Disclaimer, You can contact Us:
  • By email: [email protected]

Contact us with questions or ideas.
​

Ron Mashburn
[email protected]
828-280-3655

Darlene Withman
[email protected]
231-557-8284

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  • Home
  • Vacation Rentals
    • 1 & 2 Bedroom Vacation Rentals >
      • La Bellavista (2BR/2BA)
      • Lucerne Chalet - Asheville (2BR/1.5BA)
      • Matterhorn Chalet - Asheville (2BR/2BA)
      • Inn on Westwood - Atkinson, West Asheville (2BR/1BA)
      • Inn on Westwood - Bennett, West Asheville (2BR/1BA)
      • Topsy's Trailer - Arden/Asheville (2BR/1BA)
      • Roaring Fork Chalet - Burnsville/Mt Mitchell/Asheville (2BR/1BA)
    • 3 Bedroom Vacation Rentals >
      • Deer Path - Pisgah Forest/Brevard (3BR/2.5BA)
      • Mill Grove of Asheville - Asheville/Riceville Valley (3BR/3BA)
      • Ashevilleshire Cottage - West Asheville (3BR/2BA)
      • Royal Cottage - Asheville (3BR/2.5BA)
    • 4 & 5 Bedroom Vacation Rentals >
      • Robin's Nest Candler/Asheville (4BR/4BA)
      • Bear Mountain Lodge - Hendersonville (5BR+/2.5BA)
      • Foxhaven - Asheville (4BR/3BA) >
        • NEW! 360 Photos
      • White Squirrel Log Cabin - Hendersonville/Asheville (5BR/2BA/2HB)
    • Available Homes >
      • Coming Soon
    • Inquiry Form
    • Policies
  • Yearly Rentals
  • Buying/Selling
    • Homes For Sale
    • Vacation Homes For Sale
  • Things We Love