RatesMate understands your investment dilemmas as a vacation property owner living out of the area. You have work, family, a life and you would like to live it without being attached to a phone to manage your properties. You may have a property management company or have used one in the past. Lackluster results with huge commission fees and mediocre customer service at best is likely your experience.
RatesMate charges an extremely low management fee of 10%. We can do this for you because it no longer requires 40, 30 or even a 20% commission to effectively manage a vacation property. Years ago before the popularity of the internet high commission fees wore required. Advertising in magazines and news papers on a regional or national basis is and was an extremely expensive proposition. 20% plus commissions were the norm out of necessity. This is no longer the case. For web savvy management companies profits have soared because of the effective and inexpensive marketing capabilities of the internet. For the not-so-internet-savvy management companies they have either gone out of business or have extremely high management fees to compensate for their lack of understanding of the internet marketing world and likely have lost profit margins and market share over the years.
Currently Panama City Beach, FL has a huge selection of properties for guests to choose from. How are we going to distinguish your property from the thousands of others. The same we distinguish ourselves from other management companies. Right or not people are generally very fickle beings when it comes to money. We all want the best deal we can get. Sometimes we allow this to get in the way of our longer term goals. Simply put we are going to rent your property for less than the competition. That does not mean we are going to give it away. Since on average we charge 20% less in commission fees than our competitors this allows a certain amount of flexibility with the rental fee while delivering a higher return on your investment than our competitors can.
As you may expect the 30% commission rate is far superior for the management companies than the 10% PCB.RatesMate.com. The 30% commissioned companies makes 200% more money with 20% less work versus PCB.RatesMate.com’s 10% commission structure. However, for you, the property owner, the story is dramatically different. You make well over $5000 more based on RatesMate 10% commission structure.
All does not stop here with the graph. In an extremely high inventory vacation properties market as we have now you have basically two ways to differentiate yourself from your competition. Quality and Price. Quality is ultimately the owners responsibility. If you insure you have a high quality unit with up to date interiors you will set your unit apart from the others. Price is also important. If you have a choice of two similar units and one cost $100 per night and the other cost $125 per night you will choose the $100 per night unit. This is where we come in. When we rent your property for 25% less than our competition we are far more likely to rent your unit more often resulting in higher profits for you. We have the winning solution for you; lower commission rates coupled with higher occupancy rating due to our superior pricing points equals greater revenue for you.
