The old way of asking for deposits in advance is a thing of the past and in today’s market you use an insurance company to secure deposit in case of damaged homes and use a company to insure the trip.Mr Jay Kalin CEO
Washington, DC (PRWEB) June 28, 2011
Rent My Vacation Home helps many vacation home owners for free who are struggling with Mortgage, HOA, Taxes and Insurance.
It gets harder every day, according to the USA Today, to make all the bills while owning a vacation home. More houses are valued at less than they are worth, so renting is the only option. The old way was to ask the vacationer to mail out a deposit check and then a security deposit. Then the homeowner asks for full pay in advance and tells the vacationer they can’t cancel the stay and get their money back. The next step is to wait to get a key and hopefully the vacationer gets the key. Then wait to see if the house is there and the key fits the door ? .The vacation is over quick, and will the vacationer gets there security deposit back ?. For most people that is allot to ask sight unseen for any vacation rental unit.
Mr. Jay Kalin CEO of Rent My Vacation Home and expert in the vacation home industry for 25 years was asked why are many vacation homes going to foreclosure and others are actually making money? He Said “Many of the people who own vacation home have not updated there way of doing business and this is costing them huge amounts of money and in some cases the vacation home itself is foreclosed on ."
”Mr. Kalin also said that in today’s market to ask for a check is just not right the vacationers routing number and account number is on the bottom of the check. Some even wire money which is worse because now you really do not know whose account it is or when they plan on closing it".
"The other problem said Kalin is that the old way of asking for deposits in advance is a thing of the past and in today’s market you use an insurance company to secure the deposit in case of damaged homes and use a company to insure the trip so the vacationing customer can cancel the trip due to emergency. Why are they mailing keys this is dangerous how many keys are lost and who has them? Now the Homeowner cannot accept a last minute rental as well"
At Rent My Vacation Home everything is integrated just as a hotel booking system is. The taxes, insurance and cancelation are added in on one bill that the customer pays at checkout on his credit card. The internet door locking system issues a code number for entry to the house and the code only works for that stay. All of our home owners appear on 83 specific web sites with 70,000 other homes . The Home Owners that use the Rent My Vacation Home system of credit card insurance and key code rent 50 percent more than ones who don’t and on average receive 30 percent more rent for the home
Rent My Vacation Home has a guarantee the stay against fraud and the renter receives a refund of their money from Rent My Vacation Home if the home is fraudulent.