NWS charges only 15% of gross income. That’s it! No sign-up fees. No mark up for coordinating repairs. A master lease will promise you a worry-free experience for a guaranteed monthly rate of up to $2,500 but make sure you READ THE FINE PRINT! Not only will you make approximately 15% LESS, but you are still on the hook for all the HOA expenses and many repairs. See the sample data below from some of our satisfied owners. The data below is based on the performance of top-level, strip-facing Junior Suites with a balcony.
|
Category |
Monthly |
Annual |
Notes |
|
Income |
$4,800 |
$57,600 |
Includes cleaning fees! Beware that many other services keep these. |
|
Expenses |
|
|
|
|
Admin |
$1,870
|
$22,440 |
Includes all HOA and property management fees. |
|
Cleaning
|
$495 |
$5,940 |
Assumes 11 reservations/month. |
|
Room Tax |
$624 |
$7,488
|
Protect yourself! Don't work with anyone who takes shortcuts! |
|
Repairs & Maintenance |
$100 |
$1,200 |
|
|
Utilities |
$67 |
$804 |
|
|
Property Insurance |
$33 |
$396 |
|
|
Net Operating Income |
$1,611 |
$19,332 |
15% higher than most lease programs or management firms! |
NWS has done a fantastic job managing my condos. My units have been nearly 100% occupied, I’m earning over $160/night on average and I’ve never had to worry about repairs or local zoning laws. Amazing!
Dustin Anderson
Owner of ECP Holdings