Wealth As A Vacation

Page 134

W E A LT H A S A VAC AT ION

experience the location. Doing so was absolutely necessary so that I could communicate the experience through our marketing and in the sales training to the sales team. It provided substance to our message. Today, I make it a point to spend the days living the life that each of these locations has to offer. As a VRP owner, I encourage you to do the same. Though this was a shorter gig of only six months as the project sold out very quickly, it remains in my memory as one many of my favorite “work” assignments in VRP. Back to our discussion of the best locations for VRP. I have divided these into categories that may be helpful as you add to your portfolio of VRP. Diversification can lower your risk fi nancially and increase your family’s enjoyment. This will guide you to both forms of profit: fi nancial and personal enrichment.

5.1 National and Natural Attractions The United States is a gorgeous country featuring spectacular biodiversity. Between the Atlantic and Pacific Oceans, you can fi nd deserts and plateaus, mountain ranges, glaciers, grasslands, tropical rain forests, active volcanic zones, and frigid tundra. Our country shines most of all, perhaps, in its prized national parks. Many of the country’s most magnificent natural wonders are protected today by the National Park Service (NPS), which celebrated its centennial in 2016. These protected places also provide safe haven for a stunning array of wildlife. Visit these parks to meet tiny eyeless fish living in the dark haunts of Mammoth Cave or giant grizzly bears inside Denali National Park. All of these natural wonders have communities surrounding them that contain VRP. You may live close, or travel to them often. You may have stayed in resorts or hotels in the area. You also may have actually stayed in a VRP close to one of these natural amenities. If so, how many times? Did or do you look to stay in the same Vacation

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ABOUT THE AUTHOR

3min
pages 281-286

CONCLUSION

7min
pages 275-280

10.2 A Pragmatic Approach to VRP

7min
pages 269-274

10.1 The Residence Club: A New Model for VRP

8min
pages 264-268

CHAPTER 10: Income Producing Residence Club Membership in Vacation Rental Property

1min
page 263

Nick Falcone

19min
pages 250-262

9.3 Branded Community

3min
pages 247-249

9.2 Operations

3min
pages 245-246

9.1 Infrastructure

3min
pages 243-244

CHAPTER 9: The Future of VRP

7min
pages 239-242

8.4 Repair and Maintenance

4min
pages 225-227

8.2 Marketing

5min
pages 215-217

7.4 Closing the Transaction

14min
pages 198-208

8.3 VRP Pricing Strategies and Other Operations Tasks

10min
pages 218-224

8.7 DIY v. Third-Party Management

11min
pages 230-238

7.3 The Negotiation

7min
pages 194-197

7.2 VRP Financial Projections

5min
pages 191-193

6.5 Lean on Your Lender

14min
pages 177-188

6.4 Accountant Alliance

6min
pages 173-176

6.3 Lawyer Up

8min
pages 168-172

5.7 Resorts with VRP

6min
pages 155-160

5.6 VRP Positioning

8min
pages 150-154

6.2 Be Realtor Ready

8min
pages 163-167

5.5 Theme Parks

8min
pages 144-149

5.4 Bright Lights, Big City

2min
pages 142-143

5.3 Beaches

2min
pages 140-141

5.2 Mountains and Ski Slopes

2min
pages 137-139

5.1 National and Natural Attractions

4min
pages 134-136

CHAPTER 5: Location (Location, Location

5min
pages 131-133

4.4 Design

22min
pages 102-115

4.5 VRP Construction

22min
pages 116-130

4.3 Architecture

12min
pages 93-101

4.2 Existing v. New Construction: An Introduction

11min
pages 86-92

3.6 Group Investment

7min
pages 78-84

3.5 Business Entity Recommendations

1min
page 77

3.4 LLCs

2min
pages 75-76

3.2 Partnerships

1min
page 71

2.13 Key Milestones and Business Future

1min
pages 66-68

3.3 Corporations

4min
pages 72-74

2.12 Financial Plan

2min
pages 64-65

2.11 Revenue Management Plan

1min
page 63

2.10 Distribution Plan

1min
page 62

2.8 Operations Plan

2min
pages 59-60

2.6 Customer Analysis

1min
page 57

2.9 Marketing Plan

1min
page 61

2.5 Industry Analysis

2min
pages 55-56

2.7 Competitive Analysis

1min
page 58

2.3 Executive Summary

4min
pages 51-53

2.2 Your VRP Business Plan

5min
pages 48-50

2.4 Company Analysis

1min
page 54

2.1 VRP is a Business, NOT a Hobby

3min
pages 46-47

1.1 What is VRP?

3min
pages 21-22

CHAPTER 2: The Business of VRP

1min
page 45

1.3 Why Invest in VRP?

14min
pages 30-38

1.2 Where is VRP?

3min
pages 28-29

CHAPTER 1: Defining Vacation Rental Property

3min
pages 19-20

4 The Next Evolution of VRP Management by LRR President

7min
pages 23-27

INTRODUCTION

3min
pages 15-18

1.4 Who Invests in VRP?

7min
pages 39-44
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