WHO IS
SOL VACATION RENTALS
Frequently Asked Questions
We are dedicated to setting a new benchmark for vacation rentals by providing the most affordable and convenient rental experience to homeowners and guests. Our goal is to provide a consistent, high-end experience like one would expect at a fine hotel while retaining the unique benefits and authenticity of a vacation rental home.
Getting Started
Rental Qualifications
General
1
What does Sol do for Vacation Rental Home owners?
We take care of everything.
Although many vacation rental property managers claim they do it all, we manage every aspect of keeping your vacation rental booked and ready for guests (and you). It is our mission to listen to your goals for the asset and achieve them!
Sol Vacation Rentals handles everything from taking photos, writing your property listing description, and marketing your rental to potential guests. We also manage reservations, cleaning, maintenance, payments, check-in/check-out, communications, and entry into your home with our proprietary digital
technology. We are individually owned local experts with boots on the ground in your neighborhood.
Your home will always be ready for guests since we provide professional housekeeping, upkeep (e.g., pool cleaning, etc.), and more. We even manage vendors, dispatch emergency maintenance, and provide 24/7 local guest support.
2
How is Sol Vacation Rentals different from a listing site like VRBO or Airbnb?
We provide all the same services as well as many more.
Companies like VRBO and Airbnb operate listing websites that market vacation rentals to guests all over the world. However, these listing sites do not do things like: expertly craft and manage property listings, push your listing to 50+ vacation rental sites (e.g. VRBO, VRBO, Airbnb, etc), have a team monitoring and adjusting booking rates to best meet demand, manage availability calendars, answer guest inquiries responses immediately, complete in-person property inspections after every stay, manage vendors and property maintenance, provide professional housekeeping, maintain local and state permits/licenses/ taxes, gather guest reviews, provide a Homeowner Dashboard (e.g., monitor success, adjust availability calendar, see who comes and goes from a property, learn what updates are being completed to a property), etc.
3
What kind of contract does Sol Vacation Rentals offer?
Our contracts are straight forward and include a 30-day opt-out clause.
Our contract is an open book and does not contain any onerous clauses. It’s straight forward and includes a 30-day opt-out clause. Meaning that if you are not happy with the service for any reason, you can leave with a month’s notice.
If you are interested, contact us and we will send you an agreement for review.
Reporting & Payment
1
What kind of reporting will I be provided so I may understand my success?
You will get a monthly statement.
You will get a monthly statement from us that details out how much rental revenue you earned, including details on how much tax we collected and will pay on your behalf, as well as any charges that you have incurred during the month (for example if you wanted your property cleaned for your own stay, or if you
had us install a new TV, etc.) Your local Sol Vacation Rentals manager will be happy to guide you through your owner statement.
2
When do I get paid for reservations?
We currently pay owners once a month.
Expect to receive an owner statement and an ACH deposit to your bank account on the 15th of every month. This statement and deposit will cover all guests that check-out during that month. If you have a guest crossing over one month to the next, the payment for that reservation falls in the month they check-out.
Rental Marketing
1
How easy is it to get started with
Sol Vacation Rentals?
Getting started is easy and risk-free.
Getting started is easy and risk-free. We can activate homes that are existing vacation rentals in a few weeks if everything is ready to go. Our contract has no minimum term, volume commitments, or start-up fees. Normal activation includes shooting new photos, creating a detailed listing, setting pricing, activating advertising on the main internet channels and beginning to take reservations - all in as little as a few weeks! This can take longer depending on the homeowner’s schedule, or if a property is in the process of being converted from a residence or long-term rental.
2
Can you help me convert my property into a successful vacation rental?
Yes, that is what we do best.
Whether it is helping you secure a short-term license (if necessary in your area), to meeting movers, the cable company, etc. We can have a Sol Vacation Rentals team member help you get through the process smoothly.
3
Will I have to worry about taxes?
No, Sol Vacation Rentals will coordinate any and all taxes for you.
We collect the taxes, put them into our owner escrow-style account, and remit on your behalf. Each reservation has taxes added to the amount of the rental, so when you see a rental dollar amount, you can rest assured that we have collected and will remit tax. On top of that, you do not need to send us extra
money to pay taxes, nor do you need to file with your lodging authority.
1
Do I have to commit to a certain amount of availability?
No. However we do require that all homes that use Sol Vacation Rentals are year-round rentals.
There is no problem with an owner, friends or family using a rental for weeks or even months at a time, however if you plan to only make it available occasionally then your home probably isn’t right for our program. We also reserve the right to cancel a homeowner agreement if the home is predominantly unavailable for bookings.
2
Does my home need to be of a certain quality or size?
To a certain degree, yes.
While Sol Vacation Rentals does not work exclusively with luxury homes we do focus on upscale properties in desirable locations. This could be a downtown metro area, or an inviting mid-range home with in a prime vacation destination. We will look at your home and let you know if we feel it will make a good rental.
3
Is there anything I am required to have at my home?
Yes. Guests expect a fully-functioning home.
Your home should be complete with furniture in good repair, appliances, cookware, dinnerware, internet, and TV, as well as an ample supply of bed linens, towels, and typical consumables like light-bulbs and batteries. We will work with you to make sure that you have everything in place. Internet connections are required at every home. TV may be optional in certain rural areas. Nicely decorated homes tend to command higher rentals and we always encourage owners to have a home that shows well. A good test
of whether or not you need to have something in your rental is to put yourself in a guest’s shoes. If you were staying somewhere for a week-long period of time, what would you expect to have in that rental home? We aim to meet guest’s expectations for their stay and then surpass them.
4
Do I need to have Wi-Fi or a traditional phone line/land-line installed?
A landline phone is not necessary unless you are in an area with no cell reception. We do require Wi-Fi
to be available.
5
Do owners have to allow pets?
No, that’s up to each owner.
In general we encourage it, as homes that allow pets get more bookings, but we understand many owners do not want to allow pets and that’s fine. We do charge guests an additional non-refundable $100 rent per stay ($200 for 3+ bedroom homes) for up to 2 pets to ensure that the home is fully cleaned. Any damage caused by a pet will be taken out of the guest’s deposit. However, if damages exceed the deposit we will seek additional funds from the guest. Please note that we are not able to prohibit service animals.
1
How do you enable online bookings?
You can book on our local Sol Vacation Rentals Website powered by Streamline VRS.
We feel it’s very important to diversity your portfolio and consider every possible booking source! To help you achieve that, we integrate with the most powerful distribution channels in the industry to help generate as many bookings as possible.
2
How do you advertise my vacation rental?
We list your home everywhere guests are looking for rentals!
In addition to our own site, we’ll automatically get your property onto the major listing sites:
-
Abritel.fr
-
VRBO.at
-
VRBO.com.au
-
AlugueTemporada.com.br
-
VRBO.ca
-
VRBO.ca.fr
-
FeWo-direkt.de
-
VRBO.dk
-
VRBO.es
-
VRBO.fi
-
VRBO.it
-
VRBO.com.mx
-
VRBO.nl
-
VRBO.no
-
VRBO.pt
-
VRBO.se
-
VRBO.co.uk
-
VRBO.com
-
Homelidays.es
-
Homelidays.com
-
Homelidays.itVacationRentals.com
-
Colorado Vacation
-
Rentals
-
Rental Source
-
LakeHouse Vacations
-
RentByOwner
-
Travelprorentals
-
LakeRentals.com
-
Agoda
-
Trails.com
-
Pinterest
-
CoastRentals.com
-
forGetaway.com
-
MountainSkiRentals.com
-
VRBO.com
-
Airbnb
-
TripAdvisor
-
Expedia
-
Orbitz
-
Hotels.com
-
Travelocity
-
Booking.com
-
Kayak
-
Priceline
-
FlipKey
-
Tripping
-
Trivago
-
Venere
-
Hotwire
-
Owner Direct Vacation
-
Rentals
-
Beachhouse.com
-
CanadaStays
-
Resort Reservations
-
AllTheRooms
-
Vacation Rental Supermarket
-
Vaystays
-
Visit Breck
-
PerfectPlaces.com
-
VRGuest
-
Vacayhero
-
DestinNetwork
3
What if I already have listed my home on those sites?
Many owners have already created listings. We will work with you to migrate your listing over to our
managed account.
We will also professionally rewrite the listing if necessary, improve the photos or take new ones, and synchronize the pricing and calendar across all the sites where we list your rental.
4
Do I need to provide you with photographs?
If you have a photographer you’d prefer, great! If you don’t, we’ll handle it.
We have trained vacation rental photographers on staff and also use other local photographers. We know guests want to see great photos and we’ll make sure your home looks fantastic on every listing site.
5
How do I book myself, friends or family at my property?
We are fully available through mobile. Just download our Streamline Owner App.
You can view your availability and book online through our owner dashboard. There is absolutely no charge for this and we even schedule cleaning when you leave so it is ready for the next guest. If you choose to have us clean your home after your stay, we will bill you on your owner statement for the cleaning.
6
How do you deal with guest deposits paid in advance?
We accept all major credit cards and charge a deposit of 50% of the total rental upon booking, with
the full payment due 30 days prior to check-in.
All reservations made more than 10 days before check-in are fully refundable (only if the guest cancels the reservation within 72 hours after the time of booking). After this cancellation period expires, all payments are non-refundable. The guest who books the property must be at least 25 years old unless otherwise noted. We also offer guest screening and trip insurance upon booking for added security.
Pricing Management
1
How do you set pricing for my rental?
First, we set an initial price for each unit for each day of week, and then adjust according to the time of year.
Weekdays might get set at one price, and weekends at another; holidays and peak periods may be set higher, and off-season prices could be set lower. We set these initial prices based on several factors like input from each owner, characteristics of the home (size, amenities, location, recent remodels, etc.),
comparable home prices in the area, and guidance from our local General Manager. Once we agree on the initial pricing, we ask you if you want to be included in our dynamic pricing program. Over 90% of all owners decide to participate. Once you’ve joined the program, we watch the performance of your unit and make pricing adjustments based on actual market demand. We monitor conversion rates of your rental at initial pricing and increase or decrease price according to how well the rental is booking. This ongoing process is where Sol Vacation Rentals excels and it is always a top priority.
​
Here are just a few examples of the many ways we adjust your pricing to make you more rental income:
​
-
If your home is booking more quickly for comparable times of year than other homes in your area - this may be an indicator that your price is too low, and we may adjust it upward.
​​
-
If your unit has last minute availability, and has openings within the next two weeks, we may apply different levels of discounts to try and get a last-minute traveler who is used to getting a last-minute deal.
​​
-
If we notice large periods of time that have lower than expected occupancy farther in advance, we may adjust the price down. As occupancy fills in, we adjust the price back up.
​​
-
There are several other ways we make changes, and a lot of different places we look for data. At Sol Vacation Rentals, we monitor the market availability calendars on sites like VRBO and VRBO, we use pricing reports from AirDNA, we receive hotel pricing reporting from RateGain, and benchmark every home’s inquiry and reservation volumes against historical numbers and comparable homes.
Property Management
1
Do I need to do my guests laundry (e.g., towels, linens, etc.)?
No, our cleaning fees cover laundry service for linens with every clean.
Our cleaners will do it on-site if time permits, or bring it to a laundry facility as a back-up.
2
Do I need to provide toiletries like soap, paper towels, and toilet paper?
No, Sol Vacation Rentals makes sure your home remains stocked.
We supply an initial set of amenities, so when guests arrive they don’t need to head straight to a market. This set includes a couple rolls of toilet paper per bathroom, a roll of paper towels, small sizes of soap, shampoo, and conditioner, and dish soap in the kitchen. Sol Vacation Rentals buys hotel amenities in bulk
and restocks these for every stay, rather than have an owner manage and maintain them. We will deduct the cost in your monthly statement .
3
What if I want to do some decorating on my own?
YES! We love it when owners stay involved by decorating and improving their home.
In fact, we highly encourage it. Guests want a unique and local experience and your home’s decor is a great way to provide this. We also have a style file that you can use as a guide to stage your property if you want. We can also help outfit the home to achieve max ROI.
4
How do you keep my home safe and manage keys?
Sol Vacation Rentals uses a digitally-coded lock specifically designed for lodging that is the gold standard in the vacation rental industry.
These locks are proven to be reliable and secure, and stand-up to harsh outdoor environments. All codes expire upon check-out. Even our cleaners and vendors can be issued one-time or date and time-specific codes. This means your home is secure, and easy for the right people to access at the right time. Unlike
many other managers, we do not cut corners by using cheaper, less reliable, and less secure locks and we never hand out keys to anyone.
5
How do I access my home?
Each lock comes with the ability to have several master codes set at any given time.
As an owner you have a master code and can access the property whenever you want.
6
What about regular maintenance?
Sol Vacation Rentals provides guest servicing and property management to owners, but Sol Vacation Rentals is not a maintenance company.
Our employees are not trained contractors or repair personnel. We do staff a 24/7 call center, reservations management service, guest support service, regular housekeeping scheduling and inspection service, and a dispatch of qualified maintenance personnel. We also monitor internet up-time, indoor temperature when equipped, pool temps when equipped, and maintain electronic locks, etc. During inspections, we will restock consumable items like soap, toilet paper, shampoo, and even perform simple maintenance like changing remote control batteries or light bulbs for lamp fixtures or ceilings eight feet or lower in height if spares are available on site.
7
Who takes care of my lawn, my pool, etc.?
We are happy to schedule a regular lawn or pool service, but most owners already have these services in place and continue to use their preferred vendor.
We require that all owners have repeat services in place. Owners typically pay these fees directly to their contractors, along with utilities, internet and TV. We can set up recurring services for you and the bills for the service are sent directly to you.
8
Should I schedule any regular services myself?
In addition to repeat lawn, hot tub, and pool service, Sol Vacation Rentals recommends having a local, licensed HVAC service plan in place.
It is important to have regularly scheduled services for your air conditioning, heating appliances and air filter replacement. Plans run anywhere from $15/month and up depending on the size of your home, and how often you need your filters changed.
​
We require a regular pest-control service in southern markets, snow removal in winter areas, and we strongly recommend an annual garage door service plan, gutter cleaning in heavy leaf areas, and twice-yearly window washing. We can set these up for you. Also, be mindful that any and all vacation rental homeowners should heavily consider getting a home warranty.
9
What about garbage collection? Who handles this?
Stick with your regular provider.
If guests are in the home on pick-up days we ask them to take out the trash. If no one is there, Sol Vacation Rentals visits and puts out the trash with no charge to you unless your specific location requires it.
10
Do I need to provide you with a cleaner?
We have contracted cleaners who are fast, flexible, and reliable, and are already familiar with Sol Vacation Rentals strict cleaning protocol.
If you have a cleaner you are used to working with, then we may utilize them (based on a successful trial period with Sol Vacation Rentals).
1
How do guests pay you?
We use credit card processing through our Streamline Professional software.
Travelers overwhelmingly prefer to pay with credit cards rather than send cash - it is safer, easier, and more secure. We can also take eCheck/ACH but prefer to use credit cards. Credit card companies do charge for their service, we deduct a fee of 3% - 4% from the gross rent to cover their fees and insurance. Rolling these items together is not standard, we do it for your convenience.
2
How do guests interact with Sol Vacation Rentals?
Guests can communicate with us via our professional Guest Experience team around the clock through our website, email, or by phone.
Once you book, we’ll invite you to our Guest Portal where guests can view their reservation information, receive their door code for their rental, get directions to your property, get nearby restaurant suggestions, and more. Anyone can download this app and we encourage homeowners to do so. The application is
listed as Sol Vacation Rentals, under Sol Vacation Rentals Vacation Rentals.
3
Can guests book my property online?
Yes, they can.
Although virtually all guests begin with an email or phone call, we do allow them to view, book, and pay for a property online.
4
What happens if there is a guest emergency?
The guest always calls Sol Vacation Rentals.
The guest will never know the name of the owner for privacy reasons (unless you really want us to tell them). We take the call and dispatch the appropriate vendor. We pay the vendor and then put the bill onto your homeowner statement (taking vendor charge out of the revenue owed to you for that month) - that way you don’t have to worry about paying out-of-pocket for anything unless it happens to be a major repair. Sol Vacation Rentals does not charge any additional fees for these types of emergencies.
5
How do you deal with noisy guests?
Our local teams will receive an alert if the noise volume exceeds your preferred settings and address it for you.
Unless we approve otherwise, you must be over the age of 25 to book a Sol Vacation Rentals vacation rental. Please know that we do have a strict policy of evicting guests upon any sign of noise, partying, or over-occupancy. We want guests to enjoy themselves, but we do not tolerate abuse of your property and
contractually have heavy measures in place to evict and charge additional fees if necessary. In an effort to keep your guests and property safe, we will install several types of noise monitors and customize the decimal level settings for your specific property. Our local teams will receive an alert if the noise volume
exceeds these settings and address it for you.
6
Do guests pay any type of cleaning fees?
Guests pay us directly for cleaning fees, and we pay the cleaners.
There is nothing you need to do to schedule or pay the cleaners. If you wish to have your home cleaned while you, a family member, or friend are using it, just let us know and we will clean it and bill you for it as part of your monthly statement.
7
How do you handle security deposits and damage?
Sol Vacation Rentals requires each guest to purchase a minimum $3,000 damage waiver. This enables owners to rest assured damage is covered.
Research at VRBO shows guests are far less likely to book a rental if a security deposit is required. VRBO itself has taken steps to eliminate such deposits and this has become a trend in the industry. VRBO expects large adoption of this and Sol Vacation Rentals wants to take advantage of this trend.
Sol Vacation Rentals requires each guest to purchase a minimum $3,000 damage waiver. This enables owners to rest assured damage is covered. However, owners should expect that normal wear-and-tear will happen outside the policy. A standard practice in the property management industry is to withhold 4% of gross rents to cover the costs of small items. Sol Vacation Rentals does not do this. Owners should expect every now and then they might have to replace a fork or knife, do some touch-up painting, replace a sink
or shower fixture, etc. All homes require periodic maintenance. Guests sign a contract committing to pay for damage via their credit card on file, and there are strict policies in place to determine when additional cleaning is needed.
We are often asked what types of items are replaced under this policy. A good rule of thumb is that well-maintained, durable items in good working condition that are damaged as a result of a guest’s actions are covered. The damage waiver is not a guarantee that nothing will ever be broken or stop working in
your home. It is intended to replace items a guest may have broken or damaged accidently.
Everything from small appliances, to plumbing fixtures, furniture and electronics wear out eventually. If a guest drops a blender and it smashes on the floor, the damage protection kicks in. But if a guests is using a blender that is several years old and it just stops working, it is not replaced as part of the damage waiver. If a rug is dirty from regular foot traffic, it is not replaced as part of the damage waiver. If a guest spills a bottle of red wine on a rug, the damage waiver kicks in. If a guests sits down on an inexpensive couch and a leg breaks off, it is not their fault. If a guest spills pasta sauce all over it, then the damage waiver applies.
The damage waiver applies to most furniture as well. It does not apply to furniture that is clearly old, worn, visibly weak or rusted or things like fragile antique seating or dining tables, and inexpensive plastic seating. These are all items we highly recommend removing from a home for safety purposes. And while we love in- expensive furniture from Ikea or other discount stores, it is known not to be very durable. The damage waiver does not apply to furniture that is not designed to hold up to regular guest use, particularly MDF or plastic furniture.
Guest Experience
Service Costs
1
What do you charge for full-service vacation rental management?
Sol Vacation Rentals provides full service management for only 25%.
National commission rates for property manager services average roughly 35% and range as low as 20% and as high as 60% depending on the type of home and market. Sol Vacation Rentals provides full service management without cutting any corners for only 25%.You are welcome to try us for a few months, no
strings attached! We’re that confident that you’ll love our services and your additional income.
2
Why is your pricing commission based?
Commission-based pricing is the industry standard for vacation rental property management firms.
That does not necessarily mean it is the only answer - but we believe that it perfectly aligns our incentives with the objectives of our homeowners. We only make money when our owners make money, and the only way to increase our revenue is to help owners increase theirs.
Let's Work Together
This is a Paragraph. Click on "Edit Text" or double click on the text box to start editing the content.