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Investing In The
Beautiful Islands
Of
Lake Champlain
What better way to acquire a little bit
of paradise for that second home, future retirement retreat and/or
income property then investing in the beautiful Islands of Lake
Champlain. By contacting us at LOON’S LANDING PROPERTIES we can
start you on the path to realizing your dream and put you in the
position to have a vacation/holiday, future retirement home or
income property, while capitalizing on tax benefits and putting
extra dollars monthly into your pockets.
Opting for Income Property
Today sixty percent of our rentals are
owned by folks that reside out of state. These owners reside in an
area that runs from Maryland and south to Florida, while one today,
call California home. We are in a unique position here on the
Islands of Lake Champlain. This increasing favorite, destination
spot is in a situation where demand for quality rentals outstrips
availability. Our high end, year around rentals were booked on the
average of 16+ weeks last year at an approximate rate of
$2,450/week. We had numerous renters that were put on our waiting
list, hoping for cancellation, of which we had only one. My own
personal rental, the 5 bedroom – 3 baths – Loon’s Nest Lodge, was
booked for 23 weeks at an average of $2,200/week. For 2006 it is
already booked for 7 weeks at $2,350/week with 4 of the parties
being repeats. Our new rental, added this September, the Loon’s
Lakeside Boat House, promises to be even more successful.
Our year around weekly home rentals
season starts in May with UVM graduation, followed by the Burlington
Marathon. Then it is the start of fishing season and the LCI fishing
tournament. From there we move in to the summer vacation period.
After the last summer folks have gone home, it is the time to enjoy
the fantastic colors of Fall Foliage, thus two weeks in October get
booked. Often we get families looking for a Thanksgiving get
together location and what better place than Vermont & the Islands
of the Lake. Soon the snow starts to fly and now our guests are
celebrating the Holidays. Last year I had a family that converged on
Loon’s Nest Lodge that came in from Montreal, Ottawa, Boston and the
Mid West. After the Holidays we still will get those folks that are
out here for a little fun in the snow. On occasions the rentals will
be used for a company’s retreat.
Hopefully this will give some idea of
the potential that your dollar invested can bring in.
What We Can Do For You
Work with you to assess what kind
of property will best suit your near & long term needs
Work with you and a local Real
Estate Associate to find the property that fits the above needs
Assess the property for structural
& mechanical potential or existing problems
Provide a detail property
inspection prior to closing
Assess the property for potential
revenue earnings, near & long term if going to be use as a
rental
Assess dollars needed to put
property into a position to meet the above earnings estimates
Assure that you will only be paying
a fair market price for the purchase
Put you in touch with a lender to
purchase property
Prepare a potential rental income
statement to give to the lender
And any other services that will
help you along the path to become a owner in the Islands of Lake
Champlain
What We Will Do For You
After The Purchase
Prepare a step by step guideline
for readying your property for rental if being used as same
Prepare any plans that may be
needed for remodel, etc.
Assist in applying for any building
permits as needed
Coordinate any or all work to be
done on the project with our local people in the trades (We only
bill you out at their cost which averages about $30/hr.)
Purchase any or all materials
needed on the project (Once again, you are only billed for my
actual cost of materials)
Oversee the project till completion
Assist in the procurement of
furnishing, appliances, linens, cookware, etc.
What We Will Do For You
As Your Property Manager
If you Opt to Put the
Property
In A Rental Program
Sit up your property in our system
and provide advertising with Cyberrentals (The sit up is a one
time charge of $200 with the ad running between $150 &
$225/year)
Provide the rental service at a
cost of 13 to 16% of the rent
Include your property on Loon’s
Landing Properties’ Website at no cost
Handle all bookings and the
collection of money
Collect and pay all Vermont Rooms &
Meals Tax money for your property
Arrange for all housekeeping needs
and oversee (This cost runs around $35 to $50 per rental party)
In the case of the higher end rentals, this is collected from
the guests
Arrange for linen laundering as
needed (In most cases we ask for a double set, thus they can be
removed from the rental and laundered during the week and
returned the following rental period)
Arrange for all yard maintenance
needs and oversee (This cost runs around $35 to $45 a visit)
Arrange for trash removal – the
bane of the vacation rental business (We have a common dumpster
at one of our location where trash is deposed of) The average
fee for this service is about $75/month for the summer season
Act as the point of contact for all
problems and maintenance items (Our maintenance charges $25 to
$45/hour and they are on call during the season)
Place your property in our bikes &
watercrafts program
Arrange for the purchase of docks
if needed and the placement & removal of same
Handle any other request that you
might have if it is in the scope of our capabilities
Lastly and most important, monthly
itemized invoicing with revenues being mailed to you or placed
in a designated Bank Account
For any other questions, please don’t
hesitate to contact us. If you choose us as your Property Management
Company, remember, we are here to make this an enjoyable experience
while maximizing the return on your dollar invested.
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