When your property is accepted into the Quivira Vacation Rentals Program, it is placed into a rental pool that consists of other properties in the same category (categories are determined by residential community, property type (condominium or house), and by number of bedrooms). The categories will be listed and marketed across several different distribution channels to maximize exposure and revenue opportunities. The rental proceeds earned by the pools will be calculated each month, and then distributed to the property owners in the following month. The distribution of the rental proceeds will be based on the time each property was available to rent during the month the revenue was earned.
Please note that there are no guarantees that the homes from your pool will be rented. However, we will not charge a listing or marketing fee, and no commission will be earned, unless a home is rented.
As a participant in the Quivira Rental Program, your property is entitled to 75% of the net rental proceeds earned in the program. “Net rental proceeds” are defined as the earned rental income, less all costs associated with reservations, banking and credit card transaction fees. The remaining 25% of the rental proceeds will cover operational costs of the entire rental process, which include the marketing and listing of your unit, reservation and check-in/check-out services, and the managing of your property between renters (deep cleaning and thorough inventory check (appliances, furnishings, etc.) and after each renter).
Once your application to the program has been approved, we will request a current W8 (for Non-US Residents) or W9 (US Residents). You must submit this IRS form in order to receive your earnings from the rental proceeds, and a new form must be submitted at the beginning of each subsequent calendar year. Please note that we will not payout any owners until they have completed and submitted their tax form.
If your rental pool earns revenue, you will receive notice by the 10th day of the following rental month, and payment by the 15th day (again, payment will be sent as long as we have received your W8 or W9 tax form).
If you would like to cancel some of the dates your property is available for rent, or if you would like to entirely withdraw your property from the rental program, simply submit your request via email to egomez@ggmkt.com and we will make the appropriate changes or remove your listing. If you would like to add additional dates, a new rental agreement will be required.
- The available inventory will be rented via the following distributors:
- Expedia
- Orbitz
- Travelocity
- Hotwire
- Booking
- Priceline
- Kayak
- Trivago
- Bookit
- AirBnB
- HomeAway
