2009 Bookings

[Matt J]

Anybody booked for 2009? I realize things are getting tight for folks and that this time of year isn't exactly a big booking time. However I'm just curious if people already have bookings for next year. How's spring break looking, that's going to be a big tell of how the summer is going to look.

 

[Miss Kitty]

Can anyone tell me when it will be safe to come down in the Spring? I need to block my time and want to miss the BIG Spring Break times.

 

[barefootguy]

I've seen more people interested in booking earlier than usual. I usually don't see inquiries til Jan. or Feb. but then book up real fast. One thing I've noticed is that folks are nervous about booking a place that may go into foreclosure or short sale. They are watching the mls and backing out if they see your house show up for sale. I've already been contacted by folks that had a place rented but it's now in foreclosure. I know there are a lot of people not paying their mortgage, but still renting, in hopes of getting ahead while they wheel and deal with their mortgage company for a better loan.

 

[Matt J]

Can anyone tell me when it will be safe to come down in the Spring? I need to block my time and want to miss the BIG Spring Break times.

Anytime, I think the spring breakers would be more afraid of you. ;-)

 

[Just_In_Thyme]

2009 Rentals

We raised our rates for 2009 after holding off the last couple of years. Summer is booking up faster this year than last, and we are starting to get inquiries for Spring break/Spring. Looks like we will be unaffected by the economy as far as bookings go.

 

[yippie]

I've seen more people interested in booking earlier than usual. I usually don't see inquiries til Jan. or Feb. but then book up real fast. One thing I've noticed is that folks are nervous about booking a place that may go into foreclosure or short sale. They are watching the mls and backing out if they see your house show up for sale. I've already been contacted by folks that had a place rented but it's now in foreclosure. I know there are a lot of people not paying their mortgage, but still renting, in hopes of getting ahead while they wheel and deal with their mortgage company for a better loan.

The foreclosures are a major concern now. Especially people booking through VRBO. Many are going to go ahead and rent from agencies because if the unit they reserve well in advance goes into foreclosure, then more than likely, the rental agency will have alternative accommodations to offer. People are concerned because if they book early, their CC only gives them a limited amount of time to dispute the charges.

Wonder what can be done to reassure these folks?

 

[RB]

My 2009 bookings are way behind last years pace. 2008 was a record for us so getting close to that would be fine. I am hoping people are just waiting a little longer before putting down a large deposit. At this time last year we had 10 weeks of summer booked. Currently we have 5 weeks for 2009 summer

 

[ShallowsNole]

The foreclosures are a major concern now. Especially people booking through VRBO. Many are going to go ahead and rent from agencies because if the unit they reserve well in advance goes into foreclosure, then more than likely, the rental agency will have alternative accommodations to offer. People are concerned because if they book early, their CC only gives them a limited amount of time to dispute the charges.

Wonder what can be done to reassure these folks?

I wish I knew. I work with rental taxes, and I'm not feeling real assured lately.

 

[DAF]

I'm doing a financial model that evaluates the expected cashflow/outlay on rental property In WaterColor. Does anyone know what annual gross rents would be for a 4bed house in Cypress Cove (WaterColor)? Also, should I assume a 27% - 30% agency commission?

 

[Miss Kitty]

I'm doing a financial model that evaluates the expected cashflow/outlay on rental property In WaterColor. Does anyone know what annual gross rents would be for a 4bed house in Cypress Cove (WaterColor)? Also, should I assume a 27% - 30% agency commission?

40% if you use WC. :shock: