Latest / From Check In to Check Out / Hidden Benefits- Episode 5
Transcript
- Thad: You can use your property. We have a lot of homeowners that rent heavy during the summertime and use it a lot during the off season. And that's that's perfectly fine. At the end of the day, you know, it's your condo and we want you to be able to enjoy it. Grayson: You can use your property. We have a lot of homeowners that rent heavy during the summertime and use it a lot during the off-season. And that's that's perfectly fine. At the end of the day, you know, it's your condo. And we want you to be able to enjoy it Welcome back to From Check In to Check Out with Grayson and Thad. Today we're going to talk about a quick update in the new business world plus a hidden benefit of off-site rental programs that you may not know. So Grayson and I were talking this morning and we wanted to kind of show that there was a property that was called we we call a win back. It was on our program about three, four years ago and it came back to us recently. They reason for leaving originally was. Thad: Welcome back to From Check In to Check Out with Grayson and Thad. Today we're going to talk about a quick update in the new business world plus a hidden benefit of off-site rental programs that you may not know. So Grayson and I were talking this morning and we wanted to kind of show that there was a property that was called we we call a win back. It was on our program about three, four years ago and it came back to us recently. The reason for leaving originally Grayson: with some operational issues that they didn't like. They thought there was some other things that another company could do better. Right. So they went and tried them out. Two years went by. They came back to us because they're just like, yeah, you know, it wasn't it wasn't better. And you guys can hit revenue numbers that they can't. So we were very excited to bring this Laguna Keys unit back into the fold. Thad: with some operational issues that they didn't like. They thought there was some other things that another company could do better. Right. So they went and tried out. Two years went by, they came back to us because they're just like, Yeah, you know, it wasn't it wasn't better. And you guys can hit revenue numbers that they can't. So we were very excited to bring this Laguna Keys unit back into the fold. think those those win backs are important to kind of touch on because we we see those quite a bit where people, you know, tend to move on for whatever reason, but a lot of times they do end up coming back. So I think it's important that we maintain that relationship. So if they ever do want to come back, they know the door's Grayson: see those quite a bit where people, you know, tend to move on for whatever reason, but a lot of times they do end up coming back. So I think it's important that we maintain that relationship. So if they ever do want to come back, they know the door's Thad: always open. So I think getting win backs like that just got especially in a great building like Laguna Keys is a big win for us. and having a homeowner remember Grayson: open so I think getting win backs like Taylor just got, especially in a great building like Laguna Keys, is a big win for us. and having a homeowner remember the Thad: the things we did well that allowed them to want to come back to Elliot. and like I said, we always are here to welcome back. Yeah. And this is the one of the hidden benefits Grayson: things we did well that allowed them to want to come back to Elliot. and like I said, we always are here to welcome back. Yeah. And this is the one of the hidden benefits. We're going on to the next point here. One of the hidden benefits of an off site program 'cause you know what one of the deal breakers to her was? It was being able to still use it herself in the off season. I think a lot of people don't know that Thad: being able to still use it herself in the off season. I think a lot of people don't know that they have this ability with an off site rental to use the condo themselves. It's not like an on site program. Grayson: They have this ability with an off site rental to use the condo themselves. It's not like an on site program or another area where, you know, you buy the investment property and you know you're leaving it up to a company to rent out fully. You can use it, right? Yeah, no, I think that's very important. And important that people know that with Elliot, because a lot of Thad: property and you know you're leaving it up to a company to rent out fully you can use it right yeah I I think that's very important and important that people know that with Elliot because a lot of our homeowners have families they have children grandchildren and they do want to be able to use it and rent it so they're getting the best of both worlds. So here at Elliot you can do that. Grayson: and rent it so they're getting the best of both worlds. So here at Elliott you can do that. Thad: You can use your property. We have a lot of homeowners that rent heavy during the summertime and use it a lot during the off season. And that's that's perfectly fine. At the end of the day, you know, it's your condo and we want you to be able to enjoy it. Grayson: You can use your property. We have a lot of homeowners that rent heavy during the summertime and use it a lot during the off-season. And that's that's perfectly fine. At the end of the day, you know, it's your condo. And we want you to be able to enjoy it while you're still being able to generate revenue. So we kind of like I said give you the best of both worlds here at Elliot. Now, what kind of limitations Thad: While you're still being able to generate revenue. So we kinda like I said, give you the best of both worlds here at Elliot. Now what kind of limitations? Grayson: does Elliot put on people that want to use their place? So we consider the season to be April through September, and then your peak season is June, July, and August. So during those three months, that's when you're really going to be generating a lot of revenue. Thad: So we consider the season to be April through September, and then your peak season is June, July, and August. So during those three months, that's when you're really going to be generating a lot of revenue. Grayson: So, especially during those three months, we try to limit usage. like I said, April through September is the season. So, you know, if you want to use it ideally, the best time to use it is going to be October through March. And personally, I think from a local perspective, October and November are some of the best months here in North Merrill Beach. Thad: So especially during those three months, we try to limit usage. like I said, April through September is the season. So, you know, if you want to use it ideally, the best time to use it is going to be October through March. And personally, I think from a local perspective, October and November are some of the best months here in North Myrtle Beach. Grayson: There's not near as many people, the weather's cooled off a little bit. you know, you can go to any of the nature preserves, you can go fishing, you can go golfing. Big time, big time golfing, big time golfing. Thad: There's not near as many people. The weather's cooled off a little bit. you know, you can go to any of the nature preserves, you can go fishing, you can go golfing. And you can still go to big time golfing. Yeah, big time golfing. And you can still go to the beach and enjoy it where it's not as packed and it's not as hot. So, like I said, owner usage is a big thing and we do offer that benefit here at Elliott. Grayson: You can still go to the beach and enjoy it where it's not as packed and it's not as hot. So like I said, owner usage is a big thing and we do offer that benefit here at Elliott. Yeah, I love it. 'Cause that was the owner that we were talking about earlier at Laguna, she she wanted to make sure that she had that October through April for her because even though she's not gonna be there all the time, she wants to be able to send her family down and so that they can enjoy the property too. She's gonna make I mean she'll make a hundred percent of her income for that property in those three months. But Thad: make I mean she'll make a hundred percent of her income for that property in those three months. But most people, I mean eighty percent, maybe even ninety percent or more, yeah. Make that revenue in those three months, right? Grayson: Most people, I mean eighty percent, maybe even ninety percent or more, they make that revenue in those three months, right? Thad: Yep, the majority's gonna be those three months and it's because everybody's out of school. Yeah, they can bring the whole family. So June, July, and August is really the time if you don't have to use it, don't use it. But any other time, I think Grayson: It's because everybody's out of school. Yeah. They can bring the whole family. So June, July, and August is really the time. If you don't have to use it, don't use it. But any other time, I think you're still April through September you're still leaving a little bit on the table, but like I said, October through March when it really it starts to slow down, people can't come for that full week at a time, that's really the time to use it, I think, i if you want to use it. Yeah. So I it's it's great stuff. So I would say if you're still Thad: You're still April through September you're still leaving a little bit on the table, but like I said, that October through March when it really it starts to slow down, people can't come for that full week at a time, that's really the time to use it, I think, if if you want to use it. Yeah. So I it's great stuff. So I would say if you're still Grayson: in the market for a vacation rental manager, make sure that when you're weighing on site, off site, self management company or even, you know, considering self managing, that you know the amount that you can use your property or that you even have that ability with off site because it can be very flexible and you like Grayson said earlier, it's the best of both worlds. Yep, make sure like that's it, ask those questions. Yep. All right everyone. We'll see you next week. Thad: site, off site, self management comp or even you know considering self managing that you know the amount that you can use your property or that you even have that ability with off site because this can be very flexible and like Grayson said earlier, it's the best of both worlds. Yep, much make sure like that said, ask those questions. Yeah. All right everyone, we'll see you next week.