Cabo Vacation Rental Market Steps Up Payment Security To Boost Business

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Sotheby's and El Encanto de La Laguna to Integrate DepositGuard’s New Payment Platform

Poolside at El Encanto de Laguna in Los Cabos, Mexico.

DepositGuard gives travelers peace of mind, because they now feel more comfortable and relaxed. And subsequently, our property owners will see an increase in revenues and ROI. - Julie Kershner, Managing Broker, Los Cabos Sotheby's International Realty.

The vacation rental industry in Los Cabos, Mexico, is about to get a major boost after Los Cabos Sotheby's International Realty and El Encanto de La Laguna — an exclusive beachfront community in Cabo — announced that they have contracted with DepositGuard to securely handle their vacation rental payments. The addition of this platform clears one of the major hurdles in the international vacation rental industry — reserving the property in advance by making the rental payment in a simple and secure fashion, but allowing the traveler to arrive and verify the property before the payment is disbursed to the owner. This new development is expected to fuel rental bookings and attract new customers to Los Cabos and the surrounding areas.

“This is a game changer for us,” said Julie Kershner, Managing Broker of Los Cabos Sotheby's International Realty. “DepositGuard gives travelers peace of mind, because they now feel more comfortable and relaxed. And subsequently, our property owners will see an increase in revenues and ROI.”

DepositGuard is a web-based service that standardizes the way money is handled for online vacation and residential long term rental transactions, securely collecting, holding and administering deposits and pre-paid rents. Under the terms of the agreement, Los Cabos Sotheby's and El Encanto de La Laguna will use DepositGuard’s new payment platform on all of vacation rental transactions.

“We’re confident that DepositGuard’s service will eliminate any reservation hesitation that our rental clients might have,” said Aaron Wesselink, Sales Manager for El Encanto de La Laguna. “A vacationer’s confidence in how his or her money is handled is crucial to the vacation rental business in not only Los Cabos, but anywhere in the world.”

Because there is no standard way of handling money for vacation rental payments in international destinations, Los Cabos Sotheby's and El Encanto de La Laguna sought the security and confidence that DepositGuard delivers to renters, homeowners and companies serving the vacation rental industry.

“Upscale vacation rental properties and their property managers are counting on the security benefits that DepositGuard delivers as a solution to this problem,” said Alan Lane, DepositGuard’s co-founder and Director of Business Development. “Our studies show that more than 78 percent of travelers would rent vacation homes more often using an online service if payment was securely held by a neutral third party until the rental starts.”

About Los Cabos Sotheby's International Realty
Created in 2008, Los Cabos Sotheby's International Realty is the third office of the Sotheby's International Realty Mexico Master Franchise. The main objective of the company is to offer an upscale service to a wide and varied property portfolio. Los Cabos Sotheby's International Realty arrives with a new standard of luxury real estate brokerage, with professional sales associates, innovative marketing tools and worldwide presence and recognition. For more information, visit http://www.sirmexico.com/cabos.

About El Encanto de La Laguna
El Encanto de La Laguna is an exclusive beach front community consisting of 36 estate home sites and 65 luxury condominiums located only 3 miles from the new marina, 15 minutes outside of historic San Jose del Cabo, and 25 minutes from the international airport. The La Laguna area of Los Cabos is one of the most serene and captivating locations in the world. El Encanto de La Laguna is a masterful orchestration of beautiful natural settings combined with world-class quality, amenities, and design. For more information, visit http://www.elencantoloscabos.net.

About DepositGuard
DepositGuard is a technology company with easy and secure platforms for controlling and securing payments for transactions in vacation rentals and residential long term rental markets. Founded in 2009 by Alan Lane and Matt Neal, DepositGuard uses seamless and customizable solutions for the homeowner and business serving the vacation rental industry and provides control of the payment process to the consumer. DepositGuard eliminates doubt in rental payment security and helps consumers discover the benefits of vacation rentals. Your money shouldn’t arrive on your vacation before you do. For more information, visit http://www.depositguard.com.

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Pamela Johnston
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