From New Luxury STR To A Well-Maintained Success

Within the first year, the property exceeded its initial revenue projections, with overall first-year revenue coming in at a hugely-successful $317,322.

Marc
Chicago, IL

Technology services entrepreneur, avid traveler, and owner of the awe-inspiring Shock Hill Mansion

5 BR | 5.5BA | 3479 sq. ft.

Problem

Meet Marc, a technology services entrepreneur, avid traveler, family man, and owner of a stunning 5-bedroom property in the coveted Shock Hill neighborhood of Breckenridge.

After spending most of his career working with long-term rentals, Marc recently purchased this luxury vacation home as his first foray into the short-term rental industry, and he knew wanted to start off with a bang. From the beginning, he had two goals: 1) to ensure sky-high rental revenue without the need for hands-on self-management and 2) to maintain the property without the hassle of doing all of the work himself.

With those two objectives in mind, he found a perfect match with LocalVR.

Go Local

During our first phone call with Marc back in 2021, he detailed exactly what he was after–a turnkey property management service that would take care of every issue for him while still making him the rental income he expected and keeping the property in good shape.

It was obvious from the very first moment of the phone call that he was the perfect fit for LocalVR, so we sent over some rental revenue projections as well as educated him on our post-checkout inspections to ensure property upkeep.

From that moment on, Marc knew that his best option was to Go Local.

Solution

Because he was able to accurately assess his needs as a short-term rental owner, LocalVR was able to get the ball rolling with Marc’s 3,759 square foot property very quickly. 

To start out, our processes included implementing an in-depth pricing analysis as well as ensuring that we completed detailed post-checkout inspections to properly upkeep the home. We also assigned Marc his own dedicated account manager so that he wouldn’t have to lift a finger.

Thanks to LocalVR’s quick work, Marc’s Shock Hill Mansion began to fill up with happy guests, and within the first year, the property exceeded its initial revenue projections, with overall first-year revenue coming in at a hugely-successful $317,322. On top of that, Marc’s first year of business boasted an astounding $1,566 average daily rate with a 54.79% occupancy rate. This, on top of our meticulous property upkeep, assured Marc that he’d made the right choice.

Take Marc’s

Word For It

Because of LocalVR, Marc is now able to focus more fully on his business ventures while traveling to his gorgeous Breckenridge vacation rental with his family a few times a year  

Marc knew what he wanted and went after it, to great results. Because he chose to partner with LocalVR, he has been able to turn his first-ever vacation rental into a success over the last few years–all without putting in any extra time or energy.

“Switching to LocalVR was the best decision we’ve made. Their local team is responsive, proactive, and truly cares about our home.”

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