Success Story: Breckenridge, Colorado

How One Homeowner Transformed His Struggling Breckenridge Vacation Property Into a Profitable, Stress-Free Investment

With Evolve as his vacation rental partner, Ryan Hart has seen over $200,000 in revenue, and a whole lot of stress relief.

Background

Searching for a Better Property Management Solution

For Breckenridge homeowner Ryan Hart, vacation rental management was an uphill battle.

Five years after purchasing his beautiful home in the mountains, Ryan decided to move to Denver. He converted his Breckenridge property into a vacation rental and hired a local property management company, but quickly discovered their frustrating shortcomings.

At a 35% management fee, the property manager only secured an occasional booking, and failed to address on-site service needs. Instead of relaxing during his downtime in Breckenridge, Ryan found himself handling a slew of overlooked issues at his property, all while continuing to pay large sums of money to his underperforming management team.

With no profitable returns on investment and the headache of rental management still squarely on Ryan’s shoulders, the homeowner knew it was time to make some fundamental changes. It was clear that having a great property in a popular location simply wasn’t enough on its own.

Solution

Discovering the Merit of a Different Kind of Management Solution

Though Ryan interviewed half a dozen property management companies in search of a better solution, he was struck by the unique, multifaceted value of Evolve. He hadn’t thought about hiring a management company with marketing expertise, but quickly saw his property’s untapped potential when equipped with revenue management, 24/7 support, professional marketing, and Evolve’s array of vetted local service partners.

At an industry-low 10% management fee, Evolve’s suite of hospitality services proved to be the perfect solution to his high-cost, low-reward predicament. “Evolve helped turn my home from a money loser into a profitable investment!”

Recent Performance

The Last 3 Years With Evolve

519

Nights Booked

200

Total Bookings

$229,508

Rental Income

75%

Income Growth

Results

Regaining Peace of Mind and Sizeable Profits

After only 2 months with Evolve, Ryan’s property was booked solid for ski season, and his year-over-year rental income had increased by nearly $12,000. In the last 3 years alone, Ryan’s seen over $200,000 in rental revenue, and has maintained an average occupancy of nearly 200 nights booked per year. Ryan no longer stresses about underperformance at excessive costs, and instead enjoys steady profits on his investment—with more money in his pocket at the end of the day. Any on-site issues are handled quickly and effectively by Evolve’s local service partner, restoring Ryan’s peace of mind and valuable free time. His biggest takeaway after partnering with Evolve? “If I didn’t know the prior year’s performance, I might be tempted to write it off as a photogenic home that attracts travelers. But having spent two years with a property manager, it’s obvious there’s much more to it than that.”

Hear it From ONE OF our HomeownerS

“Within a few weeks of joining Evolve, my property was booked to over 80% occupancy during ski season. If I didn’t know the prior year’s performance, I might be tempted to write it off as a photogenic home that attracts travelers. But having spent two years with a property manager, it’s obvious there’s much more to it than that.”

Ryan
Evolve Homeowner

Gain Peace of Mind With Evolve

Don’t overpay for lackluster vacation rental management. Evolve will help you book more nights and maximize income, so you can leave stress at the door. Let’s chat.

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