BOYNE Rental Management
BOYNE offers owners the opportunity to rent their property which helps offset the cost of owning a vacation property. We regularly review the Rental Management Program to ensure that it is owner-friendly, equitable and that it best reflects the interests of all rental management participants.
Revenues from rental are split 50/50 between BOYNE and the property owner and paid out quarterly. The cleaning fees for the room are included in BOYNE's side of the revenue, meaning, the owner does not pay for cleaning from their half.
BOYNE's new reserve fund for unit maintenance is based on a percentage of gross revenue and will be withdrawn from each quarter revenue check. This system will most accurately assist with the amounts needed to fund future furniture replacement and unit interior maintenance. The Owner Services offices will be recording expenses as they occur from reserves.
The percentage withdrawn for your furniture reserve is dependant on the type of property you own, but ranges between 3%-5%. Other expenses not taken out of your rental revenue are property taxes, association dues, hot tub maintenance, and utility bills.