Bear Lake Utah was ranked one of the best places to buy a Lake House in 2021! We absolutely agree! In the past five years, residential market values in Garden City and around Bear Lake Utah have more than doubled, with seasonal second homes comprising more than 80% of all residences.
Bear Lake is paradise! Dubbed the “Caribbean of the Rockies” for its turquoise blue waters, Bear Lake State Park is one of the top visited state parks in the US and a popular four season vacation destination, attracting over 600,000 visitors a year. The lake is abuzz with watersports and festivities in the summer and, as the snow falls, Bear Lake attracts all kinds of powder hounds on skis, snowboards, snowmobiles, and snowshoes looking for winter adventures in the scenic, snowclad Wasatch mountains.
Bear Lake cabins are an excellent investment and the idea of a lakeside cabin in the mountains is super appealing – a family vacation whenever you please, a place to share with friends, and the opportunity to generate year round passive income and make a profit from your investment, if executed right!
You can take the DIY management approach which, without the tools and experience, can easily become a full time job of juggling many different balls – even with just one home! Alternatively, you can add long term value to your investment and reap the benefits of partnering with a professional property manager with the industry knowledge, innovative tech tools, and local expertise to unleash your property’s full potential in the Bear Lake vacation rental market.
Innovative Tech Tools
Even with excellent time management and multi-tasking skills, efficiently managing the day to day operations of even one vacation rental is hard work! A well-established professional property manager has the software solutions, tech tools, and seamless systems already in place to streamline and automate many of the daily tasks required to successfully manage a short term rental. With a simple owner login, you have full control of rental availability, property operations, and transparent financial reporting!
Multi-Channel Marketing & Advertising
Competition in the Bear Lake vacation rental market is fierce! Placing your Bear Lake cabin on Airbnb and sitting back, will not yield the results you want. Partnering with a property manager with a solid marketing strategy will instantly increase exposure and boost occupancy for your rental. Your home will be marketed on a unique branded Bear Lake vacation rental website and social media platforms, as well as integrated in real-time with all leading vacation rental platforms like Airbnb, Vrbo, Booking.com, and others! Bear Lake is a unique vacation rental market that sees many repeat guests for family reunions, corporate events, and golfing getaways! Your home will have an instant audience through our database of loyal repeat guests.
Data-Driven Dynamic Pricing
Competitive pricing strategies are key to a successful vacation rental. If the property is priced too low, you lose money – too high, you lose bookings! Dynamic Pricing adjusts and optimizes your nightly rates based on real-time data, taking into account local supply and demand, seasonality, major local events, and competitor pricing. Property managers using dynamic pricing tools are able to optimize occupancy and obtain the highest ROI for your rental, based on real-time market trends.
Pro-Active Property Care & Maintenance
Keeping your rental in top-notch shape and rental ready for guests is labor intensive and time consuming, especially when turnovers are tight! Aside from providing and coordinating the cleaning crew and restocking guest supplies, a full service property management solution will cover everything from repairs and maintenance, right down to snow removal and lawn care.
Expertise in the Industry & Local Market
Sharing your home with guests has its own set of responsibilities and potential risks! As a property owner, you need to ensure your home meets safety standards and is operated in compliance with all homeowner associations, local, state, and national short-term rental regulations, and tax requirements. A property manager with expertise in the industry and local market will help you navigate the complexities of vacation rental management, with ease!
Enhanced Guest Experience
Delivering an exceptional and unmatched guest experience is a number one priority for the success of your rental, and is often more challenging than anticipated! A happy guest is a potential repeat guest and five-star review for your Bear Lake cabin! A property manager will take on all tasks related to the guest experience including responding to all messages, inquiries, and emergencies, handling reservations, cancellations, and payments, overseeing check-in and check-out, and ultimately delivering a 5 star guest experience (and reviews!).
In the vacation space, no two rental properties are the same! Customized property management solutions are designed to identify and meet the specific needs of each homeowner, and unleash the full potential of their unique vacation rental! If you’re in the purchase process or still inquiring, a reputable company can assist in guiding and advising you through the process, and developing a successful rental strategy for your Bear Lake cabin.
A Local Team You Can Trust!
Your property management strategy is as important as the market and home you invest in. Bear Lake Premier Cabins are here to help you succeed! Our local team of dynamic property managers has years of combined expertise in the short term and vacation rental industry and extensive knowledge of the local Garden City and Bear Lake rental market.
Discover your property’s true potential with a free rental evaluation from Bear Lake Premier Cabins or give us a call at (435) 565-6006.