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Global Resorts _ChampionsGate presentation_2014
1. WELCOME TO
• Established in 1993, experienced & respected
• Managing in only premier communities
• On-call maintenance 24/7
• Dedicated full-time team members located
in each resort for quick response to the
needs of our guests and owners
• A mix of both wholesale and retail bookings
to maximize our homeowner revenues
• Our relationships extend internationally
• Our custom website is tops in our industry
• We have an on-site media team
• Over 90,000 Facebook fans
The Global Difference
• 24 hour on call services
• On site concierge
• In - house massage
• In - home chefs
• Baby sitting services
• Rental items - BBQ Grills, baby items, etc.
• Welcome Book
• Direct guest check-in
• 360 virtual tours
• Attraction tickets - low price guarantee
with home delivery
• Discounted Dollar andThrifty rental cars
Taking Service to the Next Level
• 24 hour reservations
• Call recording ensures quality customer service
• Direct marketing both nation & international
• Great web placement
• Cutting edge website:
www.GlobalResortHomes.com
• Selective with partnering of tour operators &
travel agents
• Proven track record of rentals
• In-house website and marketing design staff
• Aggressive pay-per-click marketing
• Industry CRM software
• Fantastic returning guest statistics
• Over 50% sales growth for past 3 years straight
Marketing Advantage
3. Global Resort Homes | Rental Summary
Floor Plans
Gross
Weekly
Rental
Rental
Weeks Per
Year
Average
Yearly Gross
The Aruba | 4 Bedroom 3 Bath $1,743.00 30-35 $52,290 - $61,005
The Bali | 5 Bedroom 4.5 Bath $1932.00 30-35 $57,960 - $67,620
The Cayman | 6 Bedroom 6 Bath $2,149.00 30-35 $64,470 - $75,215
The Fiji | 6 Bedroom 6 Bath $2,149.00 30-35 $64,470 - $75,215
The Luau | 7 Bedroom 7 Bath $2,366.00 35-38 $82,810 - $89,908
The Maui | 8 Bedroom 5 Bath $2,604.00 35-38 $91,140 - $98,952
Monthly Expense Estimates
Management Fee
$150.00
Pool Service Fee
$95.00
Pest Control
$20.00
Model
AvgYearly
Gross
Commission
Yearly
Maintenance
Cleaning
Fees (avg.)
28 cleans
Electric &
Water
HOA
Fees
Net
Income
Aruba $56,647.00 $11,329.40 $3,180.00 $3,080.00 $3,480.00 $4,245.60 $31,332.40
Bali $62,790.00 $12,558.00 $3,180.00 $3,668.00 $3,480.00 $4,245.60 $35,658.40
Cayman $69,842.00 $13,968.00 $3,180.00 $4,340.00 $4,080.00 $4,245.60 $40,028.40
Fiji $69,842.00 $13,968.00 $3,180.00 $4,340.00 $4,080.00 $4,245.60 $40,028.40
Luau $86,359.00 $17,271.00 $3,180.00 $4,760.00 $4,800.00 $4,245.60 $52,102.40
Maui $95,046.00 $19,009.00 $3,180.00 $5,040.00 $5,520.00 $4,245.60 $58,051.40
PLEASE NOTE: All amounts for income and expenses are estimates and are NOT
to be considered guaranteed. Amounts do not reflect expenses such as HOA fees,
CDD fees, insurance, replacement reserves, etc. Amounts do not reflect benefits for
potential appreciation gain and, for US buyers, potential tax benefits.
4. Global Resort Homes | Frequently Asked Questions
WHAT COMMISSIONS DOES GLOBAL TAKE ON BOOKINGS? WHAT IS
THE DIFFERENCE BETWEEN RETAIL & WHOLESALE RATES?
A: Our retail rates are often referred to as our “rack” rates.These are the rates
that we sell to the general public. We base these rates on market conditions
and try to get as high a rate as possible. For retail bookings, a 20%-30%
commission is applied.Wholesale rates are “net rates” given to a Tour Operator,
who are able to offer us volume bookings. The tour operator rates include all
applicable taxes. The tour operator marks up this rate and sells to their
customers. Net rates are also based on market conditions. For tour operator
bookings, a 15% commission is applied.
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HOW DOES GLOBAL PLACE BOOKINGS INTO MY HOME?
A: Global advertises through various media with the largest being Google and
Yahoo pay-per-click campaigns. Global receives retail bookings through our
website (www.globalresorthomes.com). The guest can either book online or call
our office to reserve a specific unit.Typically our guests will choose a particular
home based on their needs. From time to time we will advertise specials, which
could include discounts on nightly rates in an effort to increase the number of
bookings. We encourage homeowners to consider taking tour operator
bookings. While these are offered at wholesale rates, they are capable of
producing volumes of bookings throughout the year, especially during the
difficult shoulder seasons. Tour operator bookings are placed in homes based
upon availability. Global strives to get as many bookings as possible for all our
homeowners.
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WHAT IS THE MONTLY MANAGEMENT FEE & WHAT DOES IT COVER?
A:The monthly management fee is $150.This fee will cover, but is not limited
to, processing owner invoices, providing a monthly owners statement along with
an annual 1099, remitting applicable sales/occupational taxes, on-call
maintenance personnel, Z-wave technology, checking air-conditioning filters and
replacing when necessary, checking light bulbs and replacing when necessary
(includes normal house bulbs and excludes flood/ceiling lights) and monthly
checking of emergency lights, smoke detectors and fire extinguishers including
documentation per the Department of Business & Professional Regulations.
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WHAT DOES IT COST TO GET STARTED WITH GLOBAL?
1. Upon signing with Global, the owner will provide and maintain a balance of
$2,000 referred to as the “reserve”. This deposit will be used on the
Owners(s) behalf to pay regular bills for the rental property, such as utilities,
licenses, pool service, phone, etc. in advance of rental income.
2. A fee in the amount of $650 will be charged for the initial set-up.The set-up
consist of the following:
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WHAT KIND OF INSURANCE IS NEEDED FOR THE HOME?
A: Owner(s) shall secure proper and adequate home insurance covering the
rental dwelling naming Management as its agents and as additional insured , with
liability of at least $300,000.
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AS AN OWNER AM I ABLE TO MAKE MY OWN BOOKINGS?
A: Yes! Global welcomes the owner to get involved in the booking process,
however it is not necessary as Global will do a great job at keeping your home
occupied. If an owner places there own booking in the property Global will
charge the owner $10 per night to facilitate the rental and collect money for it.
This fee will cover the confirmation paperwork, administration of the booking,
the care of the guests while they are in the property, scheduling the clean, and
collecting all payments and remitting taxes.
•Install/mount fire
extinguisher (one per
floor) must be visible
• Install floor plan w/exits
highlighted along with
locations of fire
extinguishers and
available occupancy
•Install pool locks (homes
with swimming pool)
•Put up pool signs (homes
with swimming pool)
•Put up Hotel/Motel
Occupancy License (Global
umbrella – expires
annually in April)
•Put up Local Business Tax
Receipt License (owner
specific – expires annually
in September)
•Put in welcome book with
required laws
•Ensure cable is hooked-up
w/ cable company
•Complete phone invoicing
agreement, electricity
invoicing agreement and
water invoicing agreement
•Set up pest control
services with vendor
•Complete application to
collect and/or report sales
tax in Florida
•Complete W-7 & W-8
Forms (if non-resident of
US)
HOME SIGNAGE:
•PASS (Pull, Aim, Squeeze,
Swap) sign by all fire
extinguishers
•9-1-1 sign by all phones
•Telephone card by main
phone
•Notification of exception
to sanitation requirements
REQUIRED
DOCUMENTATION:
•Fire extinguisher log
•Smoke detector log
•Emergency lighting log
WEBSITE MARKETING:
•Set up home in Property
5. WHAT ARE THE NIGHTLY RATES?
A: Retail Rates
Champions
Gate
4BR Home 5BR Home 6BR Home 7BR Home 8BR Home
Holiday $350 $400 $450 $506 $570
Peak $314 $336 $370 $416 $470
Off - Peak $277 $296 $333 $375 $421
A: Tour Operator Rates 2014
Champions
Gate
4BR Home 5BR Home 6BR Home 7BR Home 8BR Home
Holiday $202 $235 $257 $283 $311
Peak $190 $203 $224 $246 $271
Off - Peak $167 $179 $201 $221 $243
Global Resort Homes | Nightly Rates & Cleaning Fees
CLEANING FEE CHART
4BR 3BA 5BR 4.5BA 6BR 6BA 7BR 5BA 8BR 5BA 9BR 5BA
$110 $131 $155 $170 $180 $195
6. 6
Global Resort Homes | Homeowner Support
FREE owner website to help you market your home.
7. Professionally managed marketing budget spent on Pay-per-click advertising with
GOOGLE and BING
7
Global Resort Homes |Top Search Engine Placement