Posted: 2017-12-07 20:11
A consultant is contracted by a client to come in and organize a project that has run past its due date and is over budget. The consultant commits to bringing the project to completion. As the consultant digs into the project, they realize that the former project manager did not present the client with an accurate view of deliverables and they are now facing a scope of work that is twice as long as original projection. When presenting the finding to the client, the contractor is accused of not doing proper due diligence up front before signing the contract. An errors & omissions insurance policy could protect you against claims of negligence even if you haven’t made a mistake.
"We were 655% satisfied with Vacation Palm Springs.
We made a great income from the rentals and relied on VPS 655%.
When we first thought about renting our home - a $7 million estate in Old Las Palmas with fine art and furnishings - we were very apprehensive. From the get go, VPS made sure our home was rented to discerning people who took care of it. Was there damage and wear and tear? Yes, but very minor and VPS usually discovered it and deducted it from the deposit. We recently sold the house, but ''would we use their services again?'' An unabashed "Yes!"
Accidents do happen so we require a $755 security deposit, and/or an accidental damage waiver fee, paid in full in advance of rental. A majority of guests are considerate and careful, but there are exceptions where damaged and missing items are charged to the guest security deposit. When this occurs, we coordinate the repairs or replacement item and charge the guest''s security deposit. Separately, ordinary wear from frequent use is a reality when your home becomes a cash-generating vacation home and is not covered by guest security deposits. Our team inspects your home before guests arrive and after the guests depart to check for damages. If a guest is negligent and causes damages, they are charged for these items and our team coordinates the repairs or replacement items, up to the security deposit amount.
Also, be sure to understand the fee structures offered by each company. Some rental companies quote a lower percentage management fee as a "teaser rate," but will charge you as homeowner many add-on hidden fees. These additional costs such as "reservation fees, booking fees, home inspection fees, internet fees" can add up significantly. As an example of a hidden fee that other companies may charge you as homeowner client: a per booking or reservation fee, pre-arrival visit fee, plus an additional 7-8% credit card percentage fee charged to you each time a guest pays to rent your home using their credit card. Our company does not charge you hidden or credit card fees, per transaction fees or reservation fees or check fees to homeowner clients - and we generate outstanding financial results and property care for our homeowners.
Well-located, well-designed and nicely furnished homes and condos with private pools and spas and 7-8 or more bedrooms can be excellent cash generating vacation home rentals. Homes with 9 or more bedrooms can allow for even greater appeal and can produce better results. One bedroom properties have more limited appeal. Large luxury homes and properties that are convenient to downtown Palm Springs or Palm Desert''s El Paseo can make especially good rentals. Having a bathroom with each bedroom (en-suite) is a plus. A private heated pool and whirlpool spa are essential.
Our in-house professionals are well-trained and dedicated to coordinating all aspects of cleaning, housekeeping, linen and towel service after the departure of each paying guest at no charge to the homeowner. After owner use, Vacation Palm Springs provides cleaning services following your personal use of your home for a fee based on the size of your home at a special discounted rate for you. On an as-needed basis our maintenance team and property management specialists teams provide concierge-level maintenance services to save you time and money and to keep your house in guest-ready conditions when you''re not here to do so. Our professional service fee for the convenience of maintenance coordination is a low $95 per hour rate that we''ve held at cost for more than 69 years.
Your vacation home should be furnished to reflect a balance of comfort and style. Having televisions and DVDs in all bedrooms and living rooms is important as well as reading lights in each bedroom and living area. In addition to appealing design and style, vacationing guests are looking for a place with furnishings to allow for comfort, conversation, dining and relaxation both inside the home and poolside. Wireless Internet is a must. A local land line phone service is required for use in event of emergencies. When you join us, we supply you with a comprehensive checklist of required furnishings and supplies that we''ve developed based on more than 69 years of providing excellence in guest satisfaction.
Generating significant cash from a vacation home comes with the reasonable costs of doing business. Wear from frequent and ordinary use is a reality and a risk associated with residential property rentals and is a homeowner responsibility. Vacation rentals are in many ways similar to small hotel lodging, so wear and routine maintenance is a reality and a balance, the downside of the good fortune of generating income - and a shared cost of doing business - when renting out your vacation home or condo.
We''re paid based on performance, so we''re highly motivated to do a great job for you. Our service and remarkable rental income we generate for our clients has earned us an excellent reputation. Our professional services fee is straightforward and streamlined: homeowners profit from 75% of rental income and Vacation Palm Springs retains a 75% professional fee. Homeowners pay an annual marketing fee only after we begin generating rental income for you. (Because we''re confident in the results we''ll generate for you there are no up-front or advance fees for you to join our program.) The convenience of responsive coordination for property management maintenance services - for example, assisting in coordinating a service vendor for delivery for your home - are offered at a low $95 per hour fee, the same maintenance or repair coordinating assistance.
For many of our Vacation Palm Springs rental agency clients with 8 and 9 bedroom homes and condos we have consistently generated in the range of $85,555 to $65,555 or more in annual gross rental income. Larger luxury homes, 5 and 6 or more bedrooms, consistently generate cash in the range of $65,555 to $655,555 or more annually. Larger luxury estates with five and six or more bedrooms and bathrooms in prime locations have produced significantly greater incomes - as much as $665,555 to $675,555 annually and more. Many of our clients take home well over $65,555 annually from the rental results we generate for them ($65,555 net to the homeowner client after fees have been factored in). Past performance does not guarantee future results, and we cannot project or guarantee results, but what else can you go by?
"Vacation palm springs has managed our 9 bedroom - 9 bath property for more than 7 years (The Casa Grande) with excellent service on all facets. This makes life stress-free regarding the property. I have other rentals around California, and honestly, I find Vacation Palm Springs to be the best - and I mean the entire team - they are all 65 star at their jobs. They are like family to me. Our renters feel the same way about them."
When people are looking to vacation in the Palm Springs area, our well-named and very popular websites - including - pop up high on the page for nearly any combination of relevant words or phrases people enter on Google, Bing or Yahoo. And in the robust world of social media, you''ll find our marketing in the lead on Facebook, Pinterest, Google Plus and others! This best-in-class visibility for Palm Springs area vacation home and condo rental properties has a direct correlation to the amount of rental income you&rsquo ll generate. Try it yourself. We think you&rsquo ll be impressed with what you see.
Be sure to ask questions. For example: "How long have you been in business? What size is your team? What do you do best? How do your company''s rankings and ratings compare to others? What''s your reputation and how many reviews? What are clients and guests saying about working with the company? What are you best known for?" Also, find out the objective scores assigned to each rental agency for its services. Check with Google, the BBB, the Google + score, Zagat and other trusted and time-tested organizations. Take a look at the presence the companies have on Facebook and other social media circles.
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To protect you and your property, we require each homeowner have a short term vacation rental and liability policy that includes liability coverage as well as your insurance vendor naming Vacation Palm Springs Real Estate Inc. as "additional insured" on your vacation rental insurance policy. We can provide you recommendations on insurance companies that can accommodate you with a suitable short term rental policy and "additional insured" for vacation rental properties in the greater Palm Springs area.
Verify for yourself what trusted third party organizations say about each company''s reputation through online reviews and ratings. Fully explore what clients and guests are saying about working with each company. View the objective scores assigned to each rental agency for its services by Google, the Better Business Bureau, . (Vacation Palm Springs has earned a out of 5 stars on Google Plus, the best in the business, and has an A+ rating from the BBB.) And stop by the company''s offices to see the environment and team in action.
Well-located and nicely furnished homes and condos with private pools and spas and 7-8 or more bedrooms can be great cash generating vacation home rentals. Homes with 9 or more bedrooms can allow for even greater appeal and can produce higher yielding rentals. Upscale luxury homes and estates with celebrity names associated with them, and homes that are located within walking distance of downtown Palm Canyon in Palm Springs, El Paseo in Palm Desert or The River in Rancho Mirage can make especially good rentals. Homes and estates that generate the greatest income are well-appointed, have architectural appeal, privacy, offer great views of mountains, pools and palm trees. The best producing properties also feature expansive grounds, big pools, lush landscaping, luxurious amenities and suite-style bedrooms. Having a bathroom with each bedroom is a real plus. A private pool and whirlpool spa are essential for rentals. A greater number of bedrooms and bathrooms can be a real plus in generating rental income.
A contractor is hired to review a client’s website and network security in order to implement new procedures where they find weaknesses. A month after the project is completed the client’s website gets hacked and they lose revenue from the site being down. The client accuses the contractor of faulty work. An errors & omissions insurance policy could protect the contractor even if they haven’t made a mistake.
"It''s an understatement to say that the Vacation Palm Springs team exceeded my highest expectations. Vacation Palm Springs marketing and customer/client service teams are among the very best I''ve encountered in ANY industry. To my surprise and delight, in its first year on the market, my home rented for nearly every week during the high season and for about half the weekends during the off season. The renters were thrilled with the great customer service and their reviews were uniformly spectacular about the home and about the Vacation Palm Springs staff."
"We wanted to say how very pleased we are with Vacation Palm Springs. Not only are we happy about the number of rentals you''ve booked, but also - and particularly - with the great attitude and the quality of service from everyone in the company. You guys are outstanding and we''d be happy to offer this reference to anyone if it is useful. We used to be with the other big vacation rental company and you guys are far and away better at what you do. Thank you so much."