Utah's Best Vacation Rentals For Immediate Release
News, Press Releases, and Articles
Vacation Rentals a Viable Solution to Improving Utah's Real Estate Market
by: "Brad Winget"
June, 12, 2015 - Salt Lake City, UT - I am impressed and enthused by the prospects of short-term vacation rentals becoming more recognized and accepted by our local government and municipalities as I have been trying to proactively change the ordinances in Salt Lake City and Salt Lake County, surrounding short-term rentals for the past 2 years.
We own a vacation rental/furnished rental company in Salt Lake City and have been operating this business for 7+ years. This business has saved my family and our financial well being since the market tanked in 2008 at a time when we owned more than 45 properties & in some cases lost more than 50% of their market value. This business has also created countless jobs for over 100+ people since 2008, and gave us a sense of purpose and glimmer of hope when no one was coming to our aide.
I am a real estate investor and broker, and have managed real estate for years. This business has helped me and my friends and family save many homes from foreclosure or disrepair, and has been a key component in the preservation of our homes' improved condition. In fact, when we decided to furnish and market four of our homes to short/long-term tenants, my homes were in such disrepair, I had to discount the rates significantly. Because I was able to rent these homes for more than I did when I had long term renters, I was able to slowly improve the home and restore them to their original condition.
We have found that this business has improved the marketplace, helping the consumer looking for more affordable and comfortable lodging on a more private and intimate level. This business is a compliment to what the market wants, needs, and currently doesn't have enough of, and is a unique market that appeals to a different traveler than the one who prefers to stay in a hotel typically.
I strongly recommend we don't restrict what the market wants and needs. Instead, lets encourage growth, stabilization, proper licensing, and monitoring of this business so the state/cities can continue benefiting from the tax revenue this has been generating (for the few of us who have actually been paying). The homeowners can benefit from the use of their 2nd home when not being rented to a vacationer, and the renters can benefit from a fully-furnished and equipped home that feels like "their home away from home". (Important Note: vacation homes are typically only occupied 120-220 days per year).
Without question, there are legitimate pros and cons, but I promise you that any concerns neighbors or cities have are no different and in some cases, much worse than the problems being caused by all the long-term renters. Fact: studies have shown that 911 calls and recorded complaints are being caused by long-term renters not vacationers or short-term renters paying a premium to enjoy themselves away from home. Vacation renters are held to a much higher standard and are typically responsible people who have signed a very restrictive contract, and have a credit card on file along with damage insurance in place.
Vacation homes have to be well kept and in good condition or renters will never stay in them, and the home will get bad reviews online. Typically, vacation homes are among the nicest on the street, and kept in showroom condition, which is ideal for a property owner/investor(s) relative to a long-term rental. Rental properties are a key component to our economy and the real estate market in general. This subject isn't going away, and the sooner we all get together and figure this out, the better for all.
Vacation rental company features first-of-its-kind Paradise Village
Property could boost Santa Clara economy and offers wonderful ownership opportunitySanta Clara, Utah, March 9, 2015 - Visitors to Southern Utah now have a fantastic new option when booking a family getaway. Paradise Village, a brand new vacation home development in Santa Clara, Utah offers several vacation homes managed by Utah’s Best Vacation Rentals. At completion, the community will feature 90 purpose-built vacation homes licensed for short-term nightly rentals. The concept of creating an entire village of vacation properties could be a game changer for the vacation rental industry.
“It’s really the first of its kind,” said Brad Winget with Utah’s Best Vacation Homes. “They are all stand-alone, single-family homes that are perfect for vacation rentals.”
Each home offers plenty of space for extended families with features like extra bedrooms and bathrooms, oversized kitchens and dining areas that can feed a crowd, and game rooms to keep kids occupied. The village also features a clubhouse, tiered pool with a slide, Shamu-themed kiddie area, spa and waterfall grotto, pickleball, shuffle board and volleyball courts, exercise room and plenty of common green space.
In addition to all these amenities, Paradise Village also features a desk where visitors can book adventure tours. So if half the family wants to shop in Las Vegas while the rest take in a hike in Zion National Park, each group can book a tour to do just what they like — and be back in time to have dinner together.
The village also boasts economic growth for Santa Clara. “It will be a unique development that will give a lot of people the opportunity to come and visit our city and the surrounding area,” said Edward Dickie, Santa Clara City Manager. “It’s a positive thing for the city and we’re looking forward to having a great relationship with Paradise Village.”
Individuals can also see an economic boost from Paradise Village. Phase 1 of the property is already sold out, with phase 2 beginning soon. The Village offers a fantastic opportunity to own a vacation home in a desirable area, while bringing in a steady stream of supplemental rental income. Winget said cash flows are much better than a typical long-term rental property, and owners can use the home themselves when it is not occupied. Owners will see increased values for years to come, and it’s a great family asset that can be passed down to future generations.
For Immediate Release
Utah’s Best Vacation Rentals
635 W. 5300 South
Salt Lake City, UT 84123
Utah’s Best Vacation Rentals