Handling Damage in Vacation Rentals ~ Join Southern When you own a vacation rental, damage is bound to happen in your property at some point. Whether it's a scuff on the wall or a broken piece of furniture, wear and tear and accidental damage is inevitable. We do our best to get ahead of any issues prior to a guest's arrival, but sometimes that's not always possible. When it comes to handling damage [...]
Quality Control Inspections in Vacation Rentals ~ Southern Vacation Rentals At Southern, we pride ourselves on providing a high-quality experience to every guest. This means we ensure that the property is in top shape each time a guest checks into one of our properties by doing routine quality control inspections. Quality control inspections in vacation rentals allow our team to get ahead of any issues that might impact a guest's stay as well [...]
Should I Form a Business Entity-LLC, S-Corporation, or Can I Opt for Sole Proprietorship? ~ Join Southern When choosing how to structure your investment property, should you form a business entity-LLC, S-corporation, or can you opt for sole proprietorship? Deciding on an ownership structure for your investment property is a valid concern when considering your purchase. There are advantages to both an LLC ownership and ownership as a sole proprietor. If you choose [...]
Boardwalk 805 in Panama City Beach is new to our rental management program! The Benefits of Having a Property Manager ~ Join Southern Congratulations, you've just purchased your second home! If you're planning on using this strictly as an investment property, it's a good idea to shop around for property management companies to help you manage your rental property. There are pros to having a property manager, including serving as a [...]
How Often Should You Receive Updates on Your Property? ~ The Business Blog Southern understands how important communication is when it comes to successfully managing a vacation rental property. We take pride in delivering this to our owners! Our goal is to ensure seamless, convenient communication for you as an owner. Your main point of contact will be your Portfolio Manager. They are responsible for all aspects of your property and communicating with [...]
How to Determine Rent Amount ~ Join Southern Finding the right price for your vacation rental can be a difficult task. If you price it too high, then you may not book your property enough to cover costs. On the flip side, if you price it too low, then you risk leaving money on the table or not having enough money to cover your costs or upgrade [...]
Are Service Animals Allowed in Vacation Rentals? ~ Join Southern Are service animals allowed in vacation rentals? As a vacation rental owner looking to join a vacation rental management program, you may be asking yourself this question. The short answer is that yes, service animals are allowed in vacation rentals. However, it’s important to know the definition of a service animal. The Americans with Disabilities Act (ADA) defines service animals as any dog [...]
How Are Vacation Rental Sales Taxes Handled? ~ The Business Blog As part of our vacation rental management services, our Accounting Team handles all aspects of sales tax on your property. Our Accounting Team has years of experience in vacation rental accounting and works closely with Portfolio Managers on each individual account. We understand that taxes can be heavy and at times, confusing. That’s why we aim to provide you peace of mind when it comes to [...]
Where Should I Buy My Vacation Rental? ~ The Business Blog If you’re looking to purchase a second home, then one of the first questions that comes up during the buying process is “where should I buy my vacation rental?” Buying a property, whether it’s a home or a condo, is a large investment, so you want to be sure of all aspects before signing on the dotted line. Fortunately, if you have [...]
How to Make Money With a Vacation Rental ~ The Business Blog By adding another twin bed in the bedroom, Lost Key Villas #6556 was able to increase their occupancy from 9 to 10. Before you purchase your vacation condo, let's get back to basics! Understanding just how to make money with a vacation rental is crucial when entering the industry. As part of our vacation rental management services, our Revenue [...]
