Interested in being a snowbird or buying your retirement home early? If you?re not ready to move onto a boat in Florida full time, we offer complete vacation rental management for our Floating Bungalows. What does that mean for you? Come stay as long as you want. When you leave, we will list your Floating Bungalow on vacation websites, book guests, maintain your Bungalow, clean between guests, welcome guests, and be their point of contact during their stay. Our current vacation rates are $159/night or $950/week plus $100 cleaning fee and 11% tax. You pay us a small percentage only when the Floating Bungalow is rented. This is not a monthly fee.
Our Rental History We began renting our Floating Bungalow in March 2015. Our rental history at Boat Tree Marina in Sanford Florida is as follows:
*Based on applying variations of local average occupancy rates to Floating Bungalow actual rates of March ? July.
Our occupancy rate for the five month period that we have been renting is 43.4% with a gross income for this same period of $13,850. Our first year revenue projection is $33,400 with an anticipated 20% growth in 2016 and an additional 10% gross in 2017**.
Based on this we are projecting:
Gross Revenue Year 1 - $33,400
Gross Revenue Year 2 - $40,080
Gross Revenue Year 3 - $44,088
Gross Revenue Year 4 - $44,088
Gross Revenue Year 5 - $44,088
Anticipated five year gross revenue: $205,736
**Our understanding is that a large percentage of vacation rentals are from referrals and repeat guests. This is one reason we are anticipating an increase in occupancy rate after Year One.