From Zero Revenue to Thriving Vacation Rental
Earning $312,688
in the first 12 months
Lucy
Denver, CO
Busy Real Estate Investor and Owner of a 9-bedroom Breckenridge Vacation Rental
9 BR | 6.5 BA | 4300 sq. ft.
Problem
Meet Lucy, a local real estate investor from Denver, Colorado, and owner of a gorgeous centrally-located vacation rental in Breckenridge.
She wanted to generate revenue on an investment property she’d just purchased but couldn’t find a full-service property manager that was right for her.
After having trouble with big-name national property managers in the past, she knew she had to find a trusted local company that would help her earn the revenue her vacation rental was capable of while giving it the attention it deserved.
That’s when LocalVR came into the picture.
Go Local
Once we had our first phone call with her, she outlined exactly what she needed: a property manager who would help her generate the profit she was looking for without any hassle or bother.
We quickly reassured her that LocalVR was the best choice, and once she learned about our advanced pricing tools, our custom projections, and our localized property management expertise, she couldn’t be happier to make the switch and Go Local.
Solution
After our first phone call with Lucy, LocalVR knew we had to hit the ground running. Our processes included implementing an in-depth pricing analysis with personalized revenue projections, assigning her a dedicated account manager to take care of her every need, and executing thorough post-checkout inspections to keep the property in tip-top condition.
With an average daily rate of $1,757 and 53.03% occupancy rate during her first year with LocalVR, Lucy was able to increase her vacation rental’s revenue by 56%, resulting in $312,688 of rental revenue overall.
She was also able to rely on LocalVR to replace her deck and make several other improvements to the property, raising her property value.
Take Lucy’s
Word For It
Lucy can now focus full-time on her hobbies and passions thanks to LocalVR’s expert property management and her new passive income stream, she can visit her Breckenridge property a few weekends a year to recharge.
With LocalVR, Lucy transformed her luxury investment property into a thriving vacation rental and made the revenue she’d always dreamed of, all without lifting a finger.
“I’m very impressed with LocalVR’s ability to generate revenue. They have exceeded my expectations and I not only cover the mortgage and expenses, but I am cash-flowing significantly more on this property than I would with other property managers.”
