STRATEGY
TARGET
ACQUISITION CRITERIA
Investors will seek to acquire single-family homes or condo-hotel with high quality amenities to endeavor to increase occupancy and rental rates.
TARGET ACQUISITION CRITERIA
Property Size:
4,000 sq. feet, 6+ bedrooms, and 4+ bathrooms
Condo: 1,000 sq. feet, 2+ bedrooms, 2+ bathrooms
Location:
Ft. Lauderdale, Miami, and Surrounding area
HOA:
No
Hold Period:
+/- 5 years
Price:
Home: $2.5M to $15M / Condo: $500,000 to $2M
The South Florida market has robust supply of large, luxury-style, owner-occupied homes and second homes that we seek to acquire and turn the properties into short-term vacation rentals that today’s affluent vacationer is seeking.
SUMMARY OF
KEY TERMS
INVESTMENT STRATEGY
Investor will acquire luxury, short-term vacation rental properties, anchored in the Ft. Lauderdale, Miami, and surrounding areas with favorable ROI’s.
TARGET RETURNS
15% - 20% Net IRR.
INVESTMENT LIFE
5- 7 years from the closing
PREFERRED RETURN
Paid by the reservation
PROPERTY MANAGEMENT FEE
20% management fee
FUND ADMINISTRATOR
Home Vacation Rentals
VALUE DRIVEN PORTFOLIO
THE HOMEVACATIONRENTALS.COM APPROACH
Home Vacation Rentals will seek to create a value driven portfolio of luxury, short-term vacation rental properties leveraging its extensive real estate experience and deep relationships in South Florida.
Identify luxury, short-term vacation rental properties with a 15-20% cap rate.
Focus Search on Specific Zip Codes for areas that allow vacation rentals
Further qualify properties that meet the Stringent Investment Criteria Parameters
INVESTMENT PROPERTY IDENTIFICATION
Survey each home’s integrity
Help mange remodel and service cost
Watch remodel process
Stage House
PROPERTY DUE DILLIGENCE
Analyze vacation rental trends and comp rates utilizing recognized yield management cloud-based tools
Evaluate data for location and consumer demand
Assess financing options
VALUATION MODELS
Efficiently remodel homes in accordance with the Fund’s criteria to attempt to maximize short-term vacation rental revenue
Actively promote the vacation properties through the Management Company’s sophisticated property management systems
BASKET OF 25 TO 40 ACTIVE VACATION RENTAL PROPERTIES THAT HAVE BEEN EVALUATED AND ADDED TO THE PORTFOLIO
Ideal Time Frame From Close of Escrow to Completed Renovations:
30 – 120 days
TRANSPARENT
INVESTMENT ROADMAP
The Fund endeavors to provide investors investment opportunities in a straightforward, ethical, and transparent manner.
PROPERTY INVESTMENTS
Choose property
Negotiate price
Open escrow
PROPERTY REMODEL
Light remodel (30-90 days)
Medium remodel (3 - 6 months)
MANAGEMENT COMPANY PORTFOLIO
Register property with all city, county, and state agencies
Schedule photos, videos, and matterport
Create welcome book
DISTRIBUTION CHANNELS
Home listed on 60+ online travel sites including HomeAway, VBRO, and Booking.com
HOLD ASSET
5 years
CAPITAL EVENT
Refinance
Resell Property
RETURN OF CAPITAL
Yes