Life after the Boyne rental management program

Hey there fellow owners and followers!

I just wanted talk about an issue that is near and dear to my heart, the rental management program (RMP) by Boyne. Most owners are in the program for various reasons, I am sure, but the trend is changing. Independent management options are becoming more common.


What is the reason for the trend?

Just like people who stay in the RMP, operated by Boyne, the reasons vary. I can say from my own experiences that the 50% cut of revenue they demanded is overwhelmingly insane and was a huge motivating factor for me leave.

I think the thing that really made me leave was the poor service and management of my accounts and unit. When you ask the people running the rental management program questions about packages or bring up issues of concern, they would give you the run around or in some cases lie to you. For 50% of my profits I had enough.

So what are your options?

Most areas have RMP's that can represent you or you can do it yourself. Now obviously this option depends on what you own where you own and what your association Bylaws are.

You may still have to pay a fee but at least you can negotiate the range and in most cases, it is not 50% of your revenue.

Other considerations....

If you do go with an outside manager you may have to advertise on your own, no more central reservations. However, the Internet is a great way to manage all of that. Also there are pay for systems that you can use to have your own central reservation system.

Most property managers handle booking and cleaning as part of their service you will have to check and see what their services include.

If you decide to do it yourself, you get all the work and but you also get all the rewards (profits) as well.

Really, it just comes down to developing a good system once you get that down it really is not very much work. There are some costs for things like advertising and websites (if you chose to build one) and reservation engines as well as payment gateways. All of these expenses can add up but even if you decide to use them all the fees and expenses are usually recovered very quickly in profit.

The one good thing about this trend is that as more people lean towards going it alone the easier it becomes and better ways are developed for independent management

I will be happy to share my contacts and service providers to any who are interested just let me know.

Robert