Question 1

1. Commission & Costs: Please explain your commission structure and any additional costs a homeowner might incur.

Accepted Answer

COR Vacation Rentals has a management fee of 25%.  Homeowners would be responsible for providing a smartlock.

Question 2

2. Marketing: Please detail the strategies you utilize to market properties to guests.

Accepted Answer

COR Vacation Rentals showcases property listings on popular OTAs such as VRBO, Airbnb and Booking.com.  Guests also have the opportunity to make reservations through COR VR's direct booking website.

Question 3

3. Cleaning & Maintenance: Please outline your property management services, including but not limited to cleaning, inspections and maintenance.

Accepted Answer

When a homeowner partners with COR Vacation Rentals, we provide all the necessary services to maximize occupancy as well as revenue.  This includes the following:Professional photography of interior and exterior of propertyExtensive property descriptions for listingsCleaning services provided by reputable local companyTop-tier customer service ensuring a 5-star experience for guestsProvide monthly reporting to homeownerRoutine safety inspections of property and prompt reporting to homeowner of issues needing attention

Question 4

4. Communication & Reporting: How do you communicate with homeowners and what types of reports do you provide? Who will I be working with on your team? Will I have a dedicated representative or a team approach?

Accepted Answer

COR Vacation Rental's main goal is to bring back the personalized touch that the larger companies often lack.  We encourage homeowners to contact as much as possible.  We also want to keep the homeowner up-to-date on all aspects of our management processes.  We will routinely provide month-end reporting, on-time payments, as well as all safety reports.

Question 5

5. Financial Management: Please discuss how you handle financial management for the properties you manage. Do you follow trust accounting principles?

Accepted Answer

COR Vacation Rentals take a meticulous approach to financial management for the properties under its care.  This includes transparent accounting, budget planning, and comprehensive reporting for property owners.  COR Vacation Rentals prides itself on optimizing property revenues while minimizing expenses, offering property owners peace of mind and maximizing their investment returns.

Question 6

6. Technology: What kind of technology do you employ and how does this technology provide benefits to both homeowners and guests?

Accepted Answer

COR Vacation Rentals leverages cutting-edge technology to enhance the experience for both homeowners and guests. For homeowners, our property management system streamlines booking, accounting, and maintenance, providing real-time access to financial data and occupancy rates. This empowers homeowners with transparency and control over their investment. Guests benefit from a user-friendly website that simplifies the booking process and facilitates seamless communication with property managers. Additionally, keyless entry systems and smart home features enhance the guest experience, while our digital guidebooks help personalize recommendations and services. By embracing technology, COR Vacation Rentals optimizes efficiency, responsiveness, and overall satisfaction for homeowners and guests alike.

Question 7

7. Differentiators: What unique aspects set your company apart from other property management companies, especially in terms of advantages to homeowners?

Accepted Answer

COR Vacation Rentals distinguishes itself by reviving the personal touch often lacking in larger management companies. COR prioritizes forming genuine, one-on-one relationships with homeowners, understanding their unique needs and goals. Unlike corporate giants, COR offers a personalized approach, collaborating closely with homeowners to tailor property management strategies, and maintaining open channels of communication. This individualized attention ensures homeowners feel valued and engaged in the process. Furthermore, COR's dedication to fiscal responsibility and comprehensive property care means that homeowners can trust that their investment is in good hands. These personal connections, coupled with transparent financial reporting and a keen focus on optimizing property revenue, are what set COR Vacation Rentals apart, providing homeowners with a level of trust, care, and attention they won't find in larger management companies.

Question 8

8. Guest Damage: What is your approach to managing damages caused by guests? Do you require a security deposit or offer damage insurance? If you opt for insurance, how do you establish the coverage details?

Accepted Answer

At COR Vacation Rentals, we take guest damages seriously to ensure a hassle-free experience for both our guests and property owners. Ideally, guests notify us immediately of any damages they may have caused during their stay. However, even if they don't, our diligent cleaning team conducts thorough inspections of the property upon each new arrival to promptly identify and address any issues. If any damages are found, we immediately contact the guest for resolution.  Additionally, for reservations made directly through our booking site, we offer convenient and affordable damage insurance option coverage built-in to every reservation. This involves a small fee based on the length of their stay, providing peace of mind for any unforeseen accidents or mishaps during their vacation. We are committed to maintaining the pristine condition of our properties and ensuring that our guests have a memorable and worry-free stay.

Question 9

9. Revenue Management: Please explain your strategy for revenue management? How do you determine pricing to optimize earnings? Do you utilize dynamic pricing software, manage rates manually, or employ a combination of both methods?

Accepted Answer

COR Vacation Rentals takes a tailored approach to revenue management, understanding that each homeowner has unique financial objectives for their vacation rental property. We work closely with property owners to align our strategy with their specific goals, whether it's maximizing revenue, optimizing occupancy, or striking a balance between the two. To achieve these objectives, we implement dynamic pricing, allowing us to automatically adjust nightly rates in response to various factors, such as seasonal fluctuations, demand trends, local events, and market conditions. This data-driven approach ensures that homeowners can make the most of their investment, benefiting from competitive pricing that attracts guests while optimizing returns. Our focus on customized revenue management strategies empowers homeowners to achieve their financial aspirations and helps us maintain successful, mutually beneficial partnerships.

Question 10

10. Community Involvement and Reputation: Are you involved in the local community and do you support local initiatives?

Accepted Answer

At COR Vacation Rentals, we are committed to being a positive and active member of our local community. We believe in the importance of giving back and building strong local partnerships. We actively engage with our community by participating in local Chambers of Commerce and collaborating with neighboring businesses. By partnering with local cleaning and maintenance services, we not only ensure top-quality services for our guests but also contribute to the financial well-being of our community. We are dedicated to keeping the money local and fostering economic growth, which ultimately benefits everyone in our community. Our commitment to community involvement is a vital part of our mission to create a positive impact beyond the doors of our vacation rentals.

COR Vacation Rentals

What We Offer

Property Manager Supplied Metrics

Markets Served

3 Properties in Oregon

Contact Manager

Nearby Property Managers

Orcas 24/7

0 miles away

Be Our Guest Cohosting

15 miles away

Cascadia Getaways

20 miles away