Frequently Asked Questions
What unique advantages do you have over other rental management companies?
The primary advantage is we are structured as a virtual company with efficiencies and automation that allow you to operate your business without many of the traditional expenses associated with typical Vacation Rental Management companies.
What Marketing strategies do you employ to reach the prospective tenants/guests?
Our Internet Marketing Strategy is multifaceted and includes geo-targeted search engine traffic, organic search engine traffic, high-traffic portals, PPC or pay per click Internet advertising, and repeat business from our vast existing database of repeat customers.
Which properties work best in this program?
We find the finest properties in the market work the best in our system. We provide the rental guest with professional photographs, videos and descriptions that allow the very best properties to reach their full potential. This is a real advantage for franchisees in our system as the finest properties are also the highest grossing properties.
What is the typical initial investment for a new franchise location?
The total initial investment ranges from $123,400 to $142,700, including the $15,000 franchise fee.
Does this business require leasing or buying commercial retail space?
No, this is a major advantage to our system. Many franchise opportunities require you to sign long-term leases or purchase expensive commercial property. On top of the lease and property expenses, you are also required make large capital investments in property build out and furnishings.
Is this a good business for couples and families?
iTrip® has several successful family businesses where clearly defined roles focused on either business development or business management have provided the structure for "happy ever after".
Is multi-unit ownership possible?
History has told us that when a franchisee puts all of their attention on a single territory first, they achieve greater success and market penetration than when focused too broadly. We would never rule out multi-unit ownership, but based on our experiences, recommend starting and succeeding in a single market first.