Gulf Coast Management manages each property to the fullest extent working towards the objectives of each property owner. We manage the rental year utilizing strategies developed to each season's unique charateristics. Our strategies achieve higher occupancy delivering on the financial objectives established. We work with property owners to develop property specific financial plans, agree on the strategies, and we then manage to the plan communicating results to owners.
Let Gulf Coast Management review your property to determine the financial potential and how our management services deliver results.
Traditional property management companies incentive is to book as many days as possible accross multiple properties to increase their earnings and attract as many customers as possible. Traditional management companies believe this delievers higher earnings for the property owner. This is NOT the case since the management company is NOT managing the occupancy rates of each property to the maximum each property's potential. The result is significant lost rental days, increased discounts to fill unrentable days, and commoditizing a property's value by competing ONLY on price.
Property owners using traditional management company receive only 60% to 70% since management company commissions are 30% to 40%. Traditional management companies convince owners the management company burdens most of the risk and has the most to loose so they have the owners' best interest in mind. NOT TRUE. The property owners have the highest risks. Property owners have mortgages, liabilitiy, assets to protect and maintain, increasing HOA fees, maintenance costs, etc. If property owners are attempting to generate cashflows from a rental property to cover the property costs, a traditional management company is NOT effective.
Example: Renting Summer weeks less than a week causes an average 30% to 40% loss of rental occupancy and income.
The property owner effect is worse, since the property owner receives 60% to 80% after commssions. The property owner actually receives 36% to 42% instead of 60% (using a 60% to 70% occupancy and 40% management commission).
We succeed in what we do - which is some of the most challenging work in business today—because of our deeply collaborative culture. Our best work comes from embracing divers points of view, internally and externally. This approach helps us find innovative answers to our clients’ questions, but it has another important benefit. It helps create deep, lasting relationships with clients and colleagues alike—the relationships make Gulf Coast Management such a great place to work.
Our companies are committed to the proposition that every business client and customer's needs are unique. As such, we leverage individualized creative solutions specially tailored to address the needs and concerns of our clients.