Q. How much does it
cost to be managed by Palm Tree Vacation Homes?
A. Palm Tree Vacation Homes aims to
make the start-up process as painless as possible. Set-Up fees start at $100 to
set up your vacation home to meet the standards required for rental and
maintenance programs; such as legal requirements (licensing, fire extinguishers,
smoke detectors etc) and in house such as signage.
In addition to the set-up fee we collect an
Operating Fund of $1000. This money is used in your management account as your
Q. How and when do I get paid?
A. We prepare a detailed statement every month
showing all income and expenditure for your vacation home. It is sent by the
15th of the following month via email. Any shortfalls to your Operating Fund
area shown and due upon notice. Surplus funds above the Operating Fund are
mailed to you or deposited in your bank.
Q. What is my 'break-even point'?
This is a very tough question to answer until you have been
renting for some time. Many factors contribute to this including property
location, mortgage payments, insurance premiums, cost of utilities, and general
wear and tear replacements. Market trends and economic climate will also change
your Break Even Point each year.
Q. Are there
restrictions to when I can stay in my own property?
A. We as a family have been on both
sides of the vacation home fence having owned for over 15 years so we recognize
that after investing such a large amount of money you should have every
opportunity to use your vacation home as it was intended.
Q. Can I place bookings in my own property
A. Yes, of course!! By marketing your own
property you may increase your income received and help getting to your break
even point quicker.
Q. What kind of occupancy could I expect?
A. Again, occupancy levels have many factors that
influence this number from location of community, closest to Disney, amenities
of community and such. We have achieved over the past few years occupancy levels
at around 50%. However, if you take advantage of the question above and market
your property yourself you may achieve higher levels of occupancy. Also,
bear in mind that nightly rate should be more important than occupancy levels,
meaning many companies will give you great occupancy levels, but will use
wholesale or tour operator bookings!!
Q. So, can I make a return on my investment?
A. Short answer, yes!! Provided your overheads are
not excessive and you are willing to work at getting a few weeks booked yourself
(less commission paid to us) then yes it is a reasonable assumption that over a
period of 5 years or more then you can see a slight return. But, please remember
the real value is in the home itself and the fact you have a great place to stay
so close to Disney! That should be return enough!!