Property Asset Management vs Property Management
Your home is most likely, the biggest investment you will ever make, and therefore your greatest asset. Opulent Property takes a different approach to managing your property than other companies. Our focus is specifically tailored to managing your asset, rather than traditional property management companies who have a single standard. With our extensive experience and expertise in the industry and long-time client relations with homeowners and investors, we specialize in maximizing the return on your biggest investment by delivering you the highest cashflow in the market and increasing the value of your property.
We are a local, full service, boutique style management company, with a comprehensive list of services that we provide both to our clients and our guests.
We will handle everything for you, giving you complete peace of mind, while providing your guests with the best experience possible, ensuring great reviews and repeat bookings.
We Pay for Ourselves
The short-term rental market has skyrocketed in the last few years, amounting to an 11-billion-dollar industry in 2017. Sites like Homeaway, VRBO, Booking.com and Airbnb, have grown increasingly popular, with millions of new listings each year. This form of accommodation is quickly becoming more popular than traditional hotels and resorts.
However, even though property management may not seem difficult, it is very difficult to do it well. Many homeowners underestimate how time consuming it is to manage their own property; dealing with guest inquiries, quotes, bookings, scheduling, rental contracts, housekeeping, deposits, check in, check out, maintenance issues etc. In addition to this you must provide customer service and troubleshooting to your guests before, during and after their stay to ensure guest satisfaction, good reviews, and repeat business.
To do all this successfully, while maximizing rental income and occupancy, keeping updated on trends, events, laws, and regulation is a full-time job, that requires experience and knowledge.
Opulent Property Management was created because we could not find any existing management company that was local, hands on and could live up to our high expectations.
What sets us apart from similar companies, is that we are both real estate investors and a property management company. We invest our own personal funds as well as manage funds from several domestic and international investors. We feel that this gives us an advantage, as we experience the market from both sides.
Our amazing record of accomplishment speaks volumes on its own, we get 50-80% higher rates, while maintaining the same or higher occupancy than similar properties, even condos in the very same building.
Our mission is not to be the biggest property asset management company, like some of our competitors that manage, or mismanage thousands of properties; but we want to be the best at what we do, for a select number of homeowners in Northeast Florida.
Currently our area of operation covers Fernandina Beach, Jacksonville Beach, Ponte Vedra, Vilano and St. Augustin
Opulent Property is a full-service manager, that can handle EVERYTHING.
Our services include:
- Creating a beautiful listing that catches the guest’s attention in a competitive market.
- Advertise your property across more 400 domestic and international websites.
- Professional HD photography
- Handle all inquiries, quotes, bookings, payments, insurance, and deposits
- 24/7 customer service to all your guests before, during and after their stay.
- Optimize rates daily, based on occupancy and market competition, to make sure your property gets the highest income possible
- Collect, report, and submit monthly state and local taxes. Vacation rental properties in Florida are taxed the same way hotels are, with 13% taxes of your rental revenue.
- Create a system for automated check in, where guests can check in and out anytime, day or night.
- Optionally we can personally, meet and greet all renters, do a walkthrough, explain the different aspects of the property etc.
- Professional maintenance division on call 24/7 for owners and guests to handle any problems, like maintenance issues that require immediate attention
- We own and operate a professional housekeeping company. Licensed and insured with over 30 years’ experience from the hotel and vacation rental industry. We provide the best cleaning services, before and after every guest. Including fresh bedlinen, towels, flowers, wine, etc., for all our clients.
- Restock all supplies through our vendors, saving our clients’ money on paper products, soap, shampoo, conditioner, trash bags, detergent, lightbulbs, and anything else that you would like to provide your guest during their stay.
- Handle any damages caused by guests with insurance claims, replacements, and repairs.
Opulent Property’s service and experience will ensure that your property gets the attention it deserves, along with maximizing your rental income. In the last years we have seen a steady increase in revenue for our properties, some exceeding $130K per year.
Our record of accomplishment proves that we can achieve 50-80% higher prices than identical properties in the same location, in fact the very same building.
We pay for ourselves!
OUTSIDE OUR BASIC SERVICES THAT WILL BE INCLUDED IN ALL PROPERTY MANAGEMENT PACKAGES, WE ALSO OFFER TO ASSIST YOU WITH OTHER NEEDS.
In this competitive market, first impressions are of utmost importance. When tenants browse through hundreds of properties, you need to grab their attention. We therefore offer an interior design service, where we give the property a metaphorical facelift. This could include updating colors, furniture, art, decoration, bed lines, towels etc. This to ensure your property gets the attention it deserves, allowing us to increase rates and occupancy.
Accounting & Financial
We include basic accounting services for all homeowners, with monthly statements for each property. In addition to this we can also offer more extensive financial statements, ideal for investors and clients owning multiple properties.
Properties will endure more wear and tear than normal properties. Our professional maintenance division will alongside be fixing minor issues due to wear and tear, also be available for more significant updates and improvements. Our maintenance division have over 30 years’ experience, with everything from small repairs to total remodeling projects, including several of our current properties. We offer to handle the whole process for our clients from design ideas, picking materials, overseeing subcontractors etc., saving the client time and money, while increasing the value of the asset.
It is very important to make sure your property is adequately insured, especially with short term rentals. Homeowners should protect themselves and their investment for any possible situation. We work with trusted, independent insurance brokers who have extensive experienced with this, and will help you find the best and most affordable coverage on the market.
In addition to this each guest will purchase a mandatory property damage insurance to cover any damages to the unit during their stay. Coverage range from $1,500.00 to $10,000.00.
We also offer travel insurance to all guests, in case of unforeseen circumstances. Many of the booking channels today, like AirBnb, allow guests to cancel last minute with a full refund due to unforeseen circumstances. This insurance will cover both guest and our clients for financial loss in these types of situations.
Doing frequent home inspections are important for many reasons; they can help find and prevent possibly dangerous elements in or around your property, identify and fix small issues before they can turn into bigger and more costly problems. Our team will inspect the property at least once a week and call on our network of professionals if needed.
We offer your guests an extensive list of services to ensure they have the best possible experience. We take great pride in the industry’s best reviews and many, many repeat guests, that come back year after year. The list includes rental of beach chairs, bikes and other equipment, free activities during their stay, a well-stocked fridge upon arrival, along with many more options. For a full list check our website, under guest services.