FYI iTrip

2024 Summer Rental Season Report Card: As you can see from the chart below, once again, iTrip Vacations Alabama Beaches solidly outpaced the market with respect to occupancy during the 2024 peak rental season. We averaged 12.6% above the market occupancy. This information is provided by Key Data.

PROPERTY Updates!

It’s more critical than ever to keep your property updated! With supply high and softer demand, you’re competing with thousands of other rental units in our area. Did you know there are currently 18,009 rental units in Gulf Shores, OBA, and Ft. Morgan—with 1,712 more in progress or proposed?

Here’s why updates matter:

• Updated units can earn 15-25% higher rental rates than dated ones.

• Properties with fresh décor and modern amenities are rented 30% faster, reducing vacancies and boosting revenue.

Fresh paint, updated furnishings, and modern décor can make all the difference! We are nearly finished with property evaluations. Please review it - does your property need a refresh? We’re here to help! Let us know, and we’ll happily connect you with trusted local professionals to keep your property in top rental condition.

Reminders:

• If you've had a change of address, please let us know, as we'll be working quickly to wrap up the year and want to ensure that we get your tax information and 1099 to you promptly.

• Please send business license renewals and safety inspections when you get them.

• Please let us know about any remodeling or redecorating you will be doing in the off-season.

• Please let us know if the HOA notifies you of any maintenance or construction projects.