The changing task of managing second homes.: An article from: Journal of Property Management
Book Details
Author(s)Peter A. Schutz
PublisherInstitute of Real Estate Management
ISBN / ASINB00093KMFG
ISBN-13978B00093KMF2
AvailabilityAvailable for download now
MarketplaceUnited States 🇺🇸
Description
This digital document is an article from Journal of Property Management, published by Institute of Real Estate Management on March 1, 1995. The length of the article is 1227 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: The growing number of Americans purchasing a second housing unit is turning second-home management into a full-time profession. As of 1990, figures from the Census Bureau show that nearly seven million Americans own a second home. While many buy second houses as investments, an increasing number of people do so to have vacation homes. As a result of this trend, vacation rentals are proving to be a profitable business for many real estate management firms. A 1994 Vacation Rental Managers Assn. survey reveals that the income of the association's members from short-term rentals rose by 10%, while that from long-term rentals and vacation property sales increased by 13%. To compete in the lucrative vacation rental business, property managers must make some changes to attract the new mix of renters. They should computerize many of their operations such as accounting and reservation, empower receptionists, and equip front-end personnel with pagers and cellular phones.
Citation Details
Title: The changing task of managing second homes.
Author: Peter A. Schutz
Publication:Journal of Property Management (Refereed)
Date: March 1, 1995
Publisher: Institute of Real Estate Management
Volume: v60 Issue: n2 Page: p22(3)
Distributed by Thomson Gale
From the supplier: The growing number of Americans purchasing a second housing unit is turning second-home management into a full-time profession. As of 1990, figures from the Census Bureau show that nearly seven million Americans own a second home. While many buy second houses as investments, an increasing number of people do so to have vacation homes. As a result of this trend, vacation rentals are proving to be a profitable business for many real estate management firms. A 1994 Vacation Rental Managers Assn. survey reveals that the income of the association's members from short-term rentals rose by 10%, while that from long-term rentals and vacation property sales increased by 13%. To compete in the lucrative vacation rental business, property managers must make some changes to attract the new mix of renters. They should computerize many of their operations such as accounting and reservation, empower receptionists, and equip front-end personnel with pagers and cellular phones.
Citation Details
Title: The changing task of managing second homes.
Author: Peter A. Schutz
Publication:Journal of Property Management (Refereed)
Date: March 1, 1995
Publisher: Institute of Real Estate Management
Volume: v60 Issue: n2 Page: p22(3)
Distributed by Thomson Gale
