THE BENEFITS FOR BUYERS , ACCORDING TO INSPIRATO :
• Leases ( typically five years ) that provide for predictable fixed rental income regardless of bookings .
• Flexible owner usage plans with services like daily housekeeping and onsite concierge .
• 24 / 7 property management , including everything from marketing and booking to guest service , housekeeping , bill payment and maintenance .
• Pro-active planning and improvements to help maximize property value .
• A complimentary Inspirato Club subscription , with members-only rates for travel throughout Inspirato ’ s portfolio of 385 luxury vacation homes in the U . S ., Mexico , the Caribbean and Europe .
At launch , Inspirato Real Estate is presenting a selection of properties in more than 50 luxury vacation destinations including Vail , Colorado ; the California wine country ; Park City , Utah ; Scottsdale , Arizona ; Rosemary Beach , Florida ; and Los Cabos , Mexico .
Existing homeowners can submit their properties for consideration for the Inspirato portfolio and , if accepted , are eligible to receive the same benefits as new buyers , including a lease that provides for fixed rental income .
Inspirato connects buyers with local real estate partners to help them select and close on their vacation home , charging no fees directly to the buyer . “ To the contrary , when we lease their home for our portfolio , we pay buyers predictable fixed rental income ,” Handler said . “ When a buyer purchases one of our featured homes and leases it to us , we provide them with fixed rental income and cover full property management services – there are no ongoing fees for the buyer .”
Unlike typical online broker sites , under Inspirato leases , Handler said it pays rent each month regardless of bookings . “ We work with each buyer to help them achieve their specific goals . As a result , the return profile is different for each home , and varies by market , asset type , desired owner usage , and other factors . Our goal is to provide the best possible total return for buyers through the benefits provided by our Inspirato lease , which include a fixed rental return greater than market due to our builtin demand base , expert property management service to help maximize appreciation , and flexible owner usage together with a complimentary Inspirato Club subscription .”
The goals outlined by Inspirato on this venture are helping it to meaningfully increase the pace at which they add new residences to the Inspirato portfolio . “ This includes building additional scale in our existing core destinations , and also adding new destinations for our subscribers to visit with us ,” Handler said .
The biggest challenge ? Markets are tight in many luxury real estate destinations right now , according to Handler . “ Homes often go under contract with multiple offers the first day they are listed ,” he said . “ So , we need to ensure our team is vigilant , educated , and highly responsive .”
Casa Cabrilla , Los Cabos , Mexico