|
Expenses
|
Yearly Expenses |
|
|
Taxes |
$10,000 |
| POA Fee |
$ 857 |
| Homeowner's Insurance |
$ 4,500 |
| Regime Fee |
$ 2,700 |
| Water/Sewer |
$ 250 |
| Pest Control |
n/a |
| Trash Removal |
n/a |
| Cable TV |
$ 650 |
| Telephone |
$ 600 |
| Electric |
$ 600 |
| Pool/Spa Service |
n/a |
| Landscaping |
n/a |
* Regime Info
- Regime: Association Services (843) 785-7070
- Call for regime details.
Rental
History
Premier Rental Income
Projections
Date Prepared:
October 1, 2007
Property Address: Lands End, 3 Bedroom, Braddock Cove view
Prepared by: Alicia Mullaney
Seasons
Weekly Rates
|
Spring
03/03/08-06/07/08 |
$1,900 x 4 weeks |
|
Beach
06/07/08-08/16/08 |
$2,500 x 10 weeks |
|
Fall
08/16/08-10/25/08 |
$1,900 x 4 weeks |
|
Winter
10/27/07-03/03/08 |
$1,400 x 2 weeks |
Estimated Deluxe
(VIP)
Gross Rental Income:
$43,000
Less Total Expenses:
Rental
Management Fee 25% $10,750
Departure Cleaning Fee:
(20 Weeks x $137/clean) $ 2,740
$13,490
Net Rental Income:
$29,510
Guest & Owner Benefits:
Complimentary
| Tennis (2 hours per day)
|
1 Million
Marketing Budget |
Expertly
Trained Reservationists |
| Individual Property Manager |
Conference & Sales Dept. |
Website & Color Brochures |
| Sea
Pines Gate Passes |
Pool Access |
24-hour Welcome Center |
1. (Home
only) pricing for cleaning is an estimate amount based
on pricing of similar properties
2. Excludes
amenity fees, maintenance and phone charge.
|
At your request, our
office is supplying to you information on the potential
rental revenues that could be derived from a “Deluxe” rated
property. This estimate is based on the highest grossing Sea Pines
rental property for the year 2008. This is not based on the
“specific” unit to which you are requesting this projection for. It
is our belief, based on the following conditions and assumptions
that this is a fair approximation and estimate for the next twelve
months. This approximation and estimate is valid for thirty (30)
days.
1.
Your property must have a minimum of a “Deluxe” rating by
our office. Each property may have a different look, but all must
adhere to the
following guidelines to establish and
maintain a “Deluxe” rating. (Note: An “Deluxe” rating
indicates many of the guidelines for a “Deluxe”
rating were met, but not all).
2.
Coordinated color schemes and decor.
3.
Walls are professionally painted and/or wallpapered with
up-to-date styles and colors. Carpets and floor covering are new or
in excellent
condition.
4.
Quality furnishings and accessories. (Not Dated). Older
furniture is acceptable if it is a classic design.
5.
Well-appointed artwork and accessories. Artwork must be
professionally matted and framed, and consistent with the resort
lifestyle of Hilton
Head (i.e. golf, tennis,
lighthouses, etc.)
6.
Dinner/flatware/glassware must be coordinated and well
stocked.
7.
All appliances are new or relatively new and are in good
working order.
8.
That the Property, at a minimum, is equipped with
those items of furniture, fixtures, utensils and appliances our
office deems essential for a
resort rental property.
9.
A copy of the current listing is available upon request.
10.
That the overall Property is in excellent condition.
11.
That there are no structural or mechanical problems (HVAC,
utilities, plumbing, electrical, CATV, roof leaks, moisture
problems, etc.) with the
Property.
12.
That the Property is available for rental in our program the entire
year.
13.
That the economy remains strong, that the tourism market on the
island remains strong and that no events occur that would adversely
affect
the local resort rental market.
14.
That there are no significant weather disturbances (i.e. hurricanes,
tornadoes, floods, etc.) during the year affecting the island.
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