How does VacaVibe compare to an owner managed rental and using a property management company?
The short answer is, there is no comparison. VacaVibe gives you, the vacation rental owner, control of your property and puts more money in your pocket. Let’s take a look at the cost comparisons of managing a property 100% on your own, using a property management company, versus our revolutionary VacaVibe software. You’ll quickly see that VacaVibe is the ideal solution for increasing profits, reducing management time, and having more control.
Below you’ll find a comparison table showing relative cost between:
- Managing your vacation rental on your own
- Utilizing a Property Management Company – assuming an average 45% commission
- Using the VacaVibe proven vacation rental management software, assuming a yearly registration of $12.50 / month
Assumption: A conservative $10,000 in rental revenue per annum
| Manage On Your Own | Property Management Company | VacaVibe |
One Time Setup: |
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Set Up Website | $200 – $500 | N/A | Included |
Inventory Management | $200 – $400 | Included | Included |
Rate Management | $200 – $400 | Generally, N/A. Mgmt Co Sets Rates | Included |
Online Reservations | $300 – $500 | Varies per Mgmt Company | Included |
Credit Card Merchant | $250 – $750 | Usually | Included |
Rental Mgmt Reports | $100 – $300 | Varies per Mgmt Company | Included |
Email Confirmations | $50 – $100 | Varies per Mgmt Company | Included |
Marketing | $100 – $1000+ | Included, Varies per Mgmt Company | Included via Online Affiliate Sites |
Recurring Fees |
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|
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Monthly Web Hosting | $10 – $50 | N/A | $12.50 |
Monthly Credit Card Fee | $15 – $30 | N/A | Included |
Rental Commission/Fees | N/A | $10,000 * 45% = $4,500 | $10,000 * 12% = $1,200 |
Total Cost per Annum | $1,700 – $4,900 | $4,500 | $1,350 |
Mgmt Time Required | Significant | None | Minimal |
Set Up Time | 3 to 6 months | Varies | 1 Hour |
Website Updates | At Hourly Cost | N/A | Updatable via Administration |