Written by: Heather Gilman on February 17, 2021
The VRC Short Term Lodging Program exists as the exclusive rental, lodging and overnight occupancy agent for the Association and operates for the benefit of all owners. The program offers on-site management, owner usage flexibility, no hidden fees and the opportunity for owners of qualifying units to earn additional income.
The standard revenue split is 55% to the Owner and 45% to the Lodging Operation and covers the management, marketing, accounting, guest services, housekeeping, maintenance, front desk services, revenue management credit card fees and guest club usage etc.