Successful Boutique Vacation Rental Management Firm with Prime Opportunities for Midwest Expansion Currently Serving the Great Lakes Region
Strong Revenues; Solid & Scalable Systems Position Firm for Dynamic Growth.
The company, established in 2014, is a boutique, premier short-term rental leader in the Great Lakes Region.
The founder set out to create a lean and bootstrapped property management firm that would grow in a sustainable fashion with no outside/investor opinions funding its own growth. Because the Company has been managed responsibly and conservatively, revenue for the Company rebounded to more than $2 million in 2021, a 74% increase over COVID-impacted 2020 levels and just short of 2019 figures. Net income increased by 77% to $175,187 when compared to ($226,373) in 2020 which was during the height of the pandemic, regaining much ground almost equaling its pre-pandemic 2019 level of $200,071.
Many marketing opportunities exist but the firm has chosen to scale responsibly by limiting their growth to high quality clients/properties, with a “focus on those who are within their networks.” The company utilizes best-in-class technology partners and tools to scale operations and deliver high quality and high touch service. They are able to do this while maintaining a lean headcount and delivering unparalleled property revenues with high consistency and low cost thus positioning the firm for continued growth. Industry reports suggest pent-up demand that will lead to strong growth in future years in the vacation rental industry. The market is expected to expand at a compound annual growth rate of 3.4% through 2027 (Grandview Research).