Three fundamental principals in its management of condominium rental pools guide Treasure Coast Rental Management.
- Ownership of a vacation rental property should be a simple, profitable investment option.
- Rental management must be financially transparent and define owner returns as the dominant priority.
- Maintenance of property quality, on behalf of the owner, is a crucial aspect of owner and guest satisfaction with the rental management process.
Our Condominium Program:
Our program offers a 50/50 split of gross revenues and individual unit owners function as a part of a revenue pool with other unit owners. CAUTION many programs offer 60/40 and 70/30 revenue splits however, they are not based on gross revenues. Evaluation of programs based solely on the split percentages without understanding what the split is based upon can be expensive and non-transparent. Charges against the 50% owner distribution are limited to major systems repair in the unit, the need to replace owner-supplied goods such as furnishings and minimal cleaning charges when owners utilize their units.
Our operating philosophy is dominated by the need to generate effective marketing and drive the sales process. In our first 90 days of operation in PGA Village , we generated nearly $1,000,000 in advance sales for unit owners. 70% of our corporate staff is specifically focused on various aspects of the marketing and sales process.
We maintain a full time staff position (dependent upon the size of the rental pool) dedicated to servicing and coordinating issues on behalf of our owners. We are committed to regular and ongoing communication of issues and points of progress to our owners and typically generate two owner updates per month in addition to the availability of our Owner Relations Manager.
Treasure Coast Rental management is a Florida based LLC, fully licensed in condominium renal pools, hotel and property management.
For a copy of a sample proposal or management agreement, contact Dennis Landry at firstname.lastname@example.org
Treasure Coast Affiliates:
Delland Consulting is a private, limited clientele consulting firm focused on leadership dynamics and organizational structures. Delland Consulting also generates creative analysis of market dynamics and financial performance.
M2X is engaged in Real Estate development and marketing consulting representing projects in Canada , the US and Central America .
Treasure Coast Principals:
DENNIS LANDRY has served in senior executive positions in three significant hospitality ownership and management organizations and has maintained positions as President, Senior Vice President and Executive Vice President of these organizations. Mr. Landry has himself been an investor in hospitality properties.
Mr. Landry is currently President of Delland Consulting based outside of Washington D.C. in Fairfax , Virginia and is a principal partner in M2X, a Montreal based firm involved in the development of Condominium Resort Properties in the U.S. , Canada and Central America .
Mr. Landry has overseen the development and construction of five hotel properties, participated in the acquisition of 27 existing hotel properties, including condominium hotels, served as primary consultant for major market civil authorities related to hotel development and executed a variety of consular functions.
Mr. Landry has been accountable for significant financial, marketing and operational organizations; and additionally served as a hotel General Manager for 18 years in a wide variety of properties and regions. In addition to operational, financial and marketing expertise, Mr. Landry has accomplished significant expertise in renovation management, design development and oversight, property acquisition, marketing, financial and feasibility analysis and management of third party relationships. Mr. Landry has been associated with such prestigious properties as: The Ritz Carlton and Copley Plaza hotels in Boston, The Casa Grande Suite Hotel, The Tides Hotel in South Beach, The Viking Hotel in Newport, Le Grand Lodge in Mont-Tremblant, The Embassy Row Hotel in Washington, D.C. and a wide variety of convention, conference, commercial, condominium and boutique hotels.
MICHELLE VALVANO MACNICHOL has held a variety of senior positions in the hospitality and property management industries over the last 20 years and offers a wealth of experience in both the management and marketing or both hospitality and real estate related properties.
As Director of Sales for Kolter Resorts until August 2005, Ms. MacNichol was responsible for strategic marketing and budget development. Ms. MacNichol developed a variety of new markets for the resort and was instrumental in the rapid growth of revenues. Her efforts were a major contribution to the best years in Kolter Resorts history, including the hurricane season of 2004. She increased revenues by $800,000 during the first 36 month of her tenure. During that time, Ms. MacNichol developed long-term relationships within the golf industry and PGA that exist to this day. Relationships include the most important golf vacation buyers in the U.S. and Canada , including Merit Golf Vacations, Golf Pac Travel and Premier Golf.
Ms. MacNichol has been responsible for the management of facilities from 72 to 268 units. Her experience covers all aspects of property management from reservations, leasing, and budgeting to direct sales and marketing.
Ms. MacNichol is active in the community. Involvements have included: the St. Lucie Chamber of Commerce Board of Directors, Vice President of the Port St. Lucie/Treasure Coast Executive Women’s Golf Association, seven-year appointment to the St. Lucie County Tourist Development Council, Chairwoman of the St. Lucie County Chamber Tourism Committee, Leadership St. Lucie Graduate and was instrumental in the creation of the St. Lucie County Hotel and Lodging Association.