Some months ago we decided to join the CFVRMA (Central Florida Vacation Rental Managers Association) to develop our communication channel with property owners and managers from this area of the country and to stay tuned for the industry events and news. The CFVRMA is the biggest association of this type in Central Florida which unites the vacation rental industry by providing valuable information to property managers and by improving travelers’ experience as well.
Once a month CFVRMA organizes a meeting for members and vendors where property managers and owners can share their experience, discuss new industry trends and get advice on how to market their properties more efficiently. Last month we were invited to Sponsor the monthly meeting and on October 16th we had the chance to present Rentalo to CFVRMA members.
The meeting was held in Orlando, Florida where we drove the day before to be able to attend the meeting early in the morning the next day. We received a very warm welcome from the host Jeff Chase, who is the Executive director of CFVRMA and an extremely positive and dynamic person! He also helped us out with all the technical aspects and had our presentation ready for us to run upon our arrival. Great host indeed!
There were about ninety people present on the meeting most of which were property management companies as well as some vendors. During our speech we talked briefly about Rentalo’s history and presented our value proposition for property managers. Our presentation was very well taken and it was such a positive surprise to find out that half of the room already knew Rentalo!
One of the most exciting aspects of the meeting was definitely meeting face to face with some of the property owners we have been working with for many years. Finally we could meet our loyal clients personally, which is always a very positive experience. At the end of the presentation we were able to answer some questions and share tips with property owners looking for ways to increase their bookings this year.
We also had the opportunity to learn about struggles property management companies go through regarding city permits for repairing their units. It seems that the process is quite overwhelming since the city not only requires permits for every small change but also the execution by licensed and bonded contractors. Not very encouraging for property owners!
Overall however, we were happy to learn that most property management companies in Central Florida seem to be doing better this year (in terms of occupancy) comparing to previous years. It is mostly caused by the increasing popularity of vacation rentals which have proven to be an excellent way for cost –effective family getaways!