Key West is currently one of the most popular tourist destinations in the world. A tropical paradise, within the United States, it has a 'year round' demand for weekly and monthly vacation rentals, while most vacation destinations have five to seven month seasons. Renting a vacation home is the strongest growing trend in the hospitality industry world-wide. When managed and marketed by Vacation Homes of Key West (VHKW) the outstanding monthly income generated by Key West vacation rentals make this a one-of-a-kind financial opportunity.
Vacation Homes of Key West (VHKW) and Bascom Grooms Real Estate, join forces as two established Key West market leaders who opened in 1999. We are independent locally based companies, partnered to provide complete real estate and vacation management services. As Bascom Grooms works as your buyer's agent to identify and help with the purchase of your vacation home, VHKW will work in concert to help determine the potential performance of properties when professionally managed as vacation rentals. Once you purchase a property, our companies will work together to assure ease of ownership, by offering personalized service, in our specific areas of expertise. As locally owned boutique companies, our companies represent many different types of Key West properties with customized services, tailored to your needs.
In the trending and rapidly changing vacation rental industry, it is more important than ever to get expert guidance from local Key West real estate professionals with many years of dedication, when purchasing a vacation property. When managed with our proven locally based program, there are few financial opportunities where you can realize a great return on investment by owning a piece of architectural history and at the same time creating a tropical island retreat for family and friends.
Vacation Homes of Key West (VHKW) has a 15 + year track record of turning weekly and monthly vacation rental properties into profit centers for our clients, through our proven comprehensive vacation rental management program. We own real data comparison of rental income for Key West properties ranging from one bedroom cottages, to ocean-front condos, to eleven bedroom estates. For us there is no guessing or making potentially misleading projections based solely on purchase price against anticipated gross incomes. Based on current and historical data from actual rentals in our vacation rental inventory, we can provide accurate income projections for both weekly and month rentals.
We have actual capitalization rates from comparable properties we have managed long term, so you can determine real net returns against the purchase price of your vacation rental. We can offer an objective perspective on owing vacation rentals and vacation rental management based on in-depth experience, without conflict of interest. We know that not all Key West properties make good vacation rentals.
There are two distinctly different types of Key West vacation rentals: Weekly rentals (or transient rentals), which can be rented for a week or less; monthly rentals, which require a minimum 30 day occupancy. These differences have a direct impact on rental income and the return of investment. It is important for anyone investing in a Key West vacation rental to understand the different licensing rules, restrictions, and how each is regulated differently by city, county, and state departments. Vacation Homes of Key West (VHKW) has a long history of managing both types of vacation rental properties, and has a good working relationship with governing agencies.
Since inception, Vacation Homes of Key West has maintained nearly 100% customer and property retention, continuing to manage vacation rental properties even when they eventually sell to new owners. Now, when it comes time to sell your vacation rental investment, Bascom Grooms Realty can step in and maximize the return on the sale of your property.
Please contact us with questions regarding vacation rentals as an investment. You can use the form below, or call our office with the contact information listed here.