Renting Your Home With PenFed Realty

Maximize the Potential of Your Rental Investment with Berkshire Hathaway HomeServices PenFed Realty

Owner's Advantages

• Customer service is our top priority!
• Thorough knowledge of the resort market
• Fully staffed offices open year-round, in highly visible locations in Lewes, Rehoboth Beach, Bethany Beach and Ocean City, MD
• All property showings attended by a licensed rental agent
• Full-time managers dedicated to owner satisfaction!
• Constant communication with the owner, keeping them abreast of all situations
• We coordinate the cleaning schedules and maintenance
• Well-established relationships with maintenance vendors
• Multiple booking options throughout the year
• "Off" season rental program
• Thorough analysis of your investment property in determining rental rates
• All major credit cards accepted for Guest convenience
• Owner Portal:  Property owners have 24-hour access to view reservations, calendars, statements and reserve owner weeks

Accounting Procedures

• We collect 50% of the rental with the License Agreement. Money is promptly disbursed to Owners, less our fee for the gross rental amount.
• Balances on License Agreements due 30 days prior to check-in. Money is disbursed to Owners after check-out.
• ACH Direct Deposits available
• Our accounting system can handle multiple owners and partnerships
• Handling of Municipal Taxes
• Monthly statements mailed/e-mailed to Owners and available On-Line
• 1099 distributed after the end of the year
• Maintenance expenses paid through the Owners account
• Typical Owner Expenses:
  • All Utilities
  • Applicable Licenses and Permits
  • Weekly Cleaning Charges (Guest pays for cleaning on stays of less than 7-days)
  • All Maintenance Charges
  • Management Commission Fee

Website Features

• State-Of-The-Art Internet Rental Website
• On-Line Booking, available 24 hours per day/7 days per week, which captures reservations even when our office is closed
• Increased number of interior/exterior photos
• Bed-Type Charts showing bed sizes for each room in the home
• Optional Travel Insurance and Linen Rental Program available to Guests, making our properties more attractive than the competition
• On-line directory of activities, dining, golf, etc.
• On-line Google property mapping feature
• Full Social Networking integration
• Mobile-formatted website designed to allow prospects to view information on their mobile phones

Marketing Program

• Continuous contact with our database of over 40,000 potential guests
• We aggressively market our company name through numerous mediums to maintain our image as a leader in resort area sales and rentals:
  • Our company ads appear regularly in the Cape Gazette, Coastal Point, and Ocean City Today-Dispatch.
  • Our presence is boldly displayed in the Lewes, Rehoboth Beach, Bethany Beach and Ocean City Chamber of Commerce Visitor Guides and many other resort publications, special events and venues.
• Professional Photography offered at reduced rates
• Integrated VRBO program offered
• Digital marketing program featuring social media advertising and retargeting campaign
• We are strong and visible financial supporters of many worthy organizations in the resort area.