Property Management Status Report
1. Property A: Oceanview Condo
Address: 123 Coastal Lane, Seaview, WA
Current Occupancy: 85% (Booked 26 out of 30 days this month)
Average Daily Rate (ADR): $220
Revenue Performance:
- Total Revenue This Month: $5,720
- Year-to-Date Revenue: $63,800
Market Insights:
The median rent in Seaview is $1,700, placing your ADR in the premium segment. Similar properties average $200-$230 per night. Demand is rising ahead of the holiday season—consider offering extended-stay discounts.
Recent Updates:
- HVAC system repaired within 24 hours after a guest report.
- Deep cleaning completed ahead of the peak holiday season.
- Oceanview balcony furniture upgraded.
Guest Feedback:
- "The view was stunning, and the place was spotless! We'll be back next summer!"
- "We appreciated how quickly the host responded when we had a heating issue—problem solved in hours!"
2. Property B: Downtown Loft
Address: 456 Market Street, Seattle, WA
Current Occupancy: 70% (21 out of 30 days booked)
Average Daily Rate (ADR): $170
Revenue Performance:
- Total Revenue This Month: $4,140
- Year-to-Date Revenue: $49,600
Market Insights:
Seattle’s median rent for a one-bedroom is $2,207, making your ADR competitive. Similar downtown lofts charge $180-$210 per night. Consider a slight rate increase during peak travel seasons.
Recent Updates:
- Slow sink drain fixed by a licensed plumber.
- Professional listing photos updated to boost visibility.
- New bedding and decor added for a modern, upscale look.
Guest Feedback:
- "Great location—close to everything downtown. The apartment was cozy and stylish!"
- "We loved the loft’s open concept. Only downside was limited parking, but we managed just fine."
3. Property C: Countryside Cottage
Address: 789 Meadow Drive, Leavenworth, WA
Current Occupancy: 60% (18 out of 30 days booked)
Average Daily Rate (ADR): $160
Revenue Performance:
- Total Revenue This Month: $2,880
- Year-to-Date Revenue: $41,200
Market Insights:
Area cottages average $150-$180 per night, putting your property in a competitive range. Winter sports season could boost demand, so consider holiday and winter activity packages.
Recent Updates:
- Fireplace inspected and certified for winter use.
- Quarterly pest control service completed.
- Landscaping enhancements underway, expected completion by mid-December.
Guest Feedback:
- "The perfect escape! We loved the cozy fireplace and mountain views."
- "Beautifully maintained and peaceful. We’ll definitely return for the winter holidays!"
Overall Summary:
Total Monthly Revenue (All Properties): $12,740
Year-to-Date Revenue (All Properties): $154,600