Vacation Rentals are Helping Second Homeowners Out of the Housing Market's Foreclosure Crisis

INCLINE VILLAGE, Nev., June 1 /PRNewswire/ -- There were more than 3 million foreclosure filings issued during 2008, up 81% year over year. A large percentage of these homes were second homes purchased between 2002 and 2007. Troubled owners are turning their second homes into vacation rentals. ReserveMyHome.com, a nationwide leading booking website destination for independent vacation rental owners, property managers and renters to list and book vacation rentals is making the arduous rental process quite easy. Vacation renters and owners of vacation rentals are flooding the site looking for deals and more bookings.

The company and its new and revolutionary nationwide vacation rentals company based in Incline Village, Nevada, is quickly becoming a bridge of life for owners of second homes strapped with high debt loads. Many of these homes that owners once set aside for family getaways are located in popular travel destinations like Lake Tahoe, Nevada, Orlando, Florida, Gulf shores and many other popular vacation rental destinations across the nation where vacation rentals are very popular. Changing the name from "second home" to "vacation rental" is helping owners make ends meet using rental income while also providing opportunist travelers some fantastic accommodations, great deals and plenty of space to bring the entire family.

ReserveMyHome.com seamlessly connects independently owned vacation rentals with travelers on its world class, proprietary real-time booking portal. The well designed website and streamlined booking engine hosts private rental homes, cabins, townhomes, chalets and villas. Each listing features quality photos, location maps, rates and up-to-date availability, a detailed description of the property, amenities and soon traveler reviews of the rental homes. Owners of these vacation homes pay ReserveMyHome.com a small commission upon each successful booking. However, the commission is considerably lower than a typical property management company because of low overhead since no property maintenance is available.

"We are a true booking site for vacation rentals and have been receiving lots of emails and calls from owners and property managers who want to be on the site and see the benefits of our service," said Zoe Avery, a founder of the Lake Tahoe vacation rentals company. "Renters looking for Tahoe vacation home rentals on the North and South shores are inquiring daily and looking for deals. So, we have a very large advertising campaign going out to welcome owners of Lake Tahoe vacation rentals and second homes to ReserveMyHome.com's revolutionary website." The company has recently put together some large deals with hundreds of homes in Hawaii, Colorado and Florida. "These companies are looking to bolster their bookings and we can certainly help them."

In addition, years of knowledge and technology provide the best-in-class rental search technology that enables travelers a fast, detailed, easy way to find and book the perfect accommodation 24/7 in less than a few minutes, much like a fine hotel. Owners or property managers wishing to list their vacation rentals, cabins, homes and condos can do so for free through 2009. Property management companies from coast to coast are swiftly partnering with ReserveMyHome.com to expand their reach and advertising, for good reason. The Lake Tahoe rentals company recently aligned their advertising campaign with several media outlets, direct mail, beautiful rack cards located in all the tourist hotspots around the lake, facebook, which now has 200 million members worldwide and aims to help Tahoe vacation rental owners breathe new life into their vacation homes.

Once upon a time, the arduous booking process vacation rental owners and travelers had to maneuver through took hours and sometimes days. Today truly amazing technology and friendly reservation specialists handle the email inquiries, rental contract, screening, calendaring, driving directions, etc. Verified vacation rental owners receive instant confirmation of bookings and are paid immediately, less a 15% commission. All travelers must contact the owner or property manager just once prior to departure for entry to the vacation rental, for instructions to the home and any last minute questions.

Owners simply list their rentals on ReserveMyHome.com (they can also easily link their home directly to ReserveMyHome.com from any advertising site like craigslist) where travelers can make inquiries or instantly book reservations. If this is not enough, travelers are given the option to pay a nominal $39.00 security deposit waiver fee that covers accidental damage to the rental in lieu of the normal $300.00 to $1,000.00 security deposit.

Bringing up the bar further, travel insurance is offered to all travelers booking accommodations through the website or over the phone. This optional coverage includes a vast amount of incidentals. National Mutual Insurance Company and affiliated companies with a rating of A+ (Superior) by A.M. Best Company underwrite the plans. There are several different plans that include up to $30,000.00 in trip cancellation or interruption, $250,00 in emergency medical expenses, $50,000.00 in accidental death, 24/7 roadside assistance and a pre-existing condition medical waiver.

Scott Norris, founder of ReserveMyHome, LLC, says, "Most of our vacation rentals can be booked in less than 5 minutes, renters love it and owners are amazed. A very high amount of bookings are lost by individual vacation rental owners and property managers simply because they cannot respond to the renters' inquiries fast enough. We have changed that."

The vacation rentals company will start targeting Lake Tahoe vacation rentals, Orlando Fl, and Caribbean travel destinations through the end of 2009 but the site is open to all verified vacation rentals located in the USA, Canada, Mexico and the Caribbean. As a special house warming for all owners and property managers of Lake Tahoe vacation rentals, ReserveMyHome.com is offering to upload their homes for free through 2009 to celebrate their new North Lake Tahoe location.

    Contact information:
    Zoe Avery, Co-founder
    ReserveMyHome, LLC

    The Best Destination to Book Vacation Rentals Online Instantly.

    880 Northwood Blvd., Suite RMH
    Incline Village, NV 89451
    775-832-2555
    zoe@reservemyhome.com

SOURCE ReserveMyHome.com