Heard of Ready Rental Property???

Hi, if anyone knows anything about this outfit I'd appreciate your views.
I'm thinking of using them to rent my apartment
Cheers

Hi,

I also have an apartment in Spain and are thinking of switching management companies, while I was searching I came across this Ready Rental Property.  I would be interested to know if you made the switch and if you did switch, how have you found them.

Best wishes,
Nigel.

Hi Nigel,
I did go ahead with them and they seem professional and a good concept.  Direct bookings via online systems seems the way to go.  It has only gone live in the last 1-2 weeks so sa far I can't tell you if it is working or not.
Graeme

Hi Graeme,

Thanks for replying so fast, I hope everything goes well for you, especially as it looks as though we might be joining you.  Our current Agents in Spain "**EDITED - Against terms of posting **" as a complete waste of space, no bookings since our completion in August last year.

Best wishes,
Nigel.

This message was last edited by EOS Team on 6/5/2008.

I am at a total loss trying to understand how you can both have this conversation about this company.

This "company" has a basic home-made 1 page website with barely any content on it.  No phone number, no address, no company details whatsoever. 

They don't rank anywhere on the search engines for anything at all and they don't even display any properties on their website.  Nigel how could you possibly have found this website whilst "searching" if they don't actually appear for any phrase at all on the search engines?

There isn't a single press release about their "unique partnership wth the UK's travel industry giants".

This sounds like a total con.  And, with so many established (and decent) companies offering high levels of service why would you go for such "just been going for 1 - 2 weeks" outfit which doesn't even give you a number to ring????  What experience do they have to justify what they are proposing?

Am I missing something here?

I personally wouldn't touch them with a barge pole.

Justin

Guys
I also have been approached by ready rentals. Out of interest were they asking for an annual fee of around €1300 + 15% per booking? phew for what exactly.
Extremely cautious of them but i need some proof of there affiliation to the HI Street.
All the testimonials say how bad everyone else is but not how good they are. T&C's don;t mention anything about how the day to day management works.
They do however  seem to be linked to the On Holiday Group ? Perhaps??

Any one have any more info?

Hi.
 Just had been approached  from this firm trying to sell their sevices to me for my property in Cyprus. 

I am also very keen to know if anyone has any good / bad reports of their levels of service.

Hmm!

A lot of 'newbies' asking the same question, and as a result promoting the same company in search engines.

I just googled this company and I got more hits from this forum than I did for the company. In the end, I had to do and 'exact' search by enclosing the search criteria in double quotes, and it still came THIRD.

I'm with Justin, wouldn't touch em with a barge pole.

Let me sum this up - You want to give the keys of your apartment to a company that ONLY works on the internent, has no postal address, no telephone number, no office!!!!
.
I didn't think you would!

1300 euros per year is very high - tends to be around 6-700 per annum

A legal agency will charge iva at 16% of that

Bookings at 15% isnt bad - some do it for 20% but dont manage the property and dont forget you will pay for maintenence and cleaning/laundry as well

Better to search for a website thats in the search engines

A new site wont be linked to any large tour operator - I used to work with several and most are out of the market now - either they have their own blocks of units or they are back to using hotels for their package tours!!!

** EDITED - Self promotion **

This message was last edited by EOS Team on 6/13/2008.

Hi Abba,

This 'person' you are referring too,  seems to be the same company as you are referring to here: 

www.eyeonspain.com/Secure/ForumPostsDesc.aspx


This message was last edited by TechNoApe on 6/13/2008.

If you want to rent your property in Spain you need someone on location to ensure that the rental is a sucess. (cleaning, maintenance, key service, money handling, emergencies, etc). There are also compliancy issues (in Andalucia these are being enforced). The best people to help you are  businesses located close to your property who are geared up to rent it out on your behalf.

Many rentals management agencies are happy to let you do the promotion and marketing and even booking side your selves, providing there is fairplay and transparency with information sharing (the idea is to get repeat rentals from satisfied renters).

We will update this post should anyone wish to know more about how to rent out your property yourself via the internet, though the Eye On Spain site is a good place to start if you have someone on site to do the rest.

Richy
I had Ready Rentals on the phone and they were very pushy for the upfront fee
BHI supplies OnHoliday Group as part of Home from Home not Ready Rentals. I know because I called OnHoliday Group to check 
I'm new here, are you Instant Access member?

hi guys 
i have been contacted by ready rentals also, they said theyb were working with the on holiday group and that they could market my property in high street travel agents and on oline co´s like last minute...i was a bit dubios cause of my experiance with other co´s i´ve had dealings with through my property´s in spain but the invited me to send an email to the on holiday group requesting info on renting my property and to add a "password" i done this and they called next day and read the email to me including the password i put on it...now i was aware of the on hol group before i spoke to them and the fact that they got my email tells me that they are a legit co and can do what they say....i have signed and so far the service has been profesional and one of my propertys has 2 weeks booked (i joined 3/6/08), so as far as im concerned they seem to be doing the trick
oh and i also saw one of my villas on travel super market

** EDITED - Please keep thread on topic **

This message was last edited by EOS Team on 6/18/2008.

i must admit they dont seem to have much of a presence on the the internet...they said they spend their budget attracting buyers(ie. holidaymakers) is this the norm? has anyone else had dealings with them?....i did get approached by my agent the dreaded MRI for holiday lets but the exp i had with them buying 2 of the propertys left a sour taste in my mouth so i didnt fancy giving them any more dough......is there another rental company that can give the same sort of service that ready rentals offer...ie. marketing into mainstream travel ind ?

*** EDITED - Duplicate post. ***
 

 

This message was last edited by EOS Team on 01/07/2009.

some one pls delete my last post 
appologies from a noob :)

Hi everybody,
I had a call and an email from these guys and agree with Justin. If this isn't a con I don't know!! They want 1500 euros up front for marketing and a 500 "deposit" which "will keep your property ready for rental at all times"?!?!?

When I spoke to the guy he said "oh yeah, Alcaidesa, that's somewhere near Alicante isn't it?" (it's 15 min from Gibraltar!) and when I asked him how he was going to manage my property when he didn't have a presence in Alcaidesa or even knew where it was he still wasn't stumped for words. Unbelievable. He also asked me if I wanted to sign up there and then. I think not!

I wouldn't touch them.

Hasta luego,

Maud

the deposit they said was for emergancies cause it takes so long to transfer funds if somthing happens and i can kind of agrre with that as im in a position that i dont want to have to deal witht he day to day running... my agent in london holds a 300 pound deposit on each property as well....you can always use the owners websites but they take to much time to manage and the rental returns arnt great
jus my 2 cents

I usually hold a 200 euro emergency fund on my apartments

yeah from my expeience its standard proceedure

All big items paid direct by owners, takes 2 days max for transfer

yeah but that could be to long if you needed an emergency plumber or electrician, especially for overseas property cause they are usually holiday lets

We have been operating in Cyprus successfully for 5 years, we have just come across this company promising clients 20+ weeks every year, Our clients achieve between 18 and 22 weeks for the season many are on a commitment basis, If this company has such huge promises why dont they commit in the same way James villa , Villa select or similar companies do then at least the client will get a guarantee ??. If you look at lot closer at this companies activities and behind their website you will find an underlying trend towards timeshare .....

Hi there, I have also been approached by this company (Ready Rentals) and they proposa that they can achieve 150 to 210 days rental per year sourced directly through Tour Operators. i;ve always said "if its too good to be true then it is" but the guy is quite convincing. a number of the earlier posters siad that they have started using this company back in June. What has your experience been? have they generated a large volume of bookings. The sales patter goes like this "we have too many bookings for our current inventory and need new propertis fast.................." Does your experience coincide with this. Would be very grateful for some replys.

Hi everyone, I'd like to join this discussion if i may. I was recently approached, just a few days ago, by a very friendly articulate lady. She was not at all pushy, but the replies seemed too glib for my comfort. She willingly gave me time to consider their proposition. I have a 2 bedroom Apt. on the C del S and it has been up and running for 4 years. So there is much of their offer that I don't need, especially the onsite management. We already have an excellent company. The lady from RRP said that this was no problem. They would list our property with 15,000 U.K. Travel Agents plus many other sources. I asked for recommendations from existing customers, but she wriggled out of that. She says she will call back next week. I have good friends in a dozen U.K locations, I've e-mailed her and asked for contact addresses of travel agents in these areas. In todays rental climate, it does seem like manna from heaven. But that old adage sticks so tight, 'If it sounds too good to be true, it probably is' I searched the web hoping to find satisfied customers, I did find good old Eye on Spain and all your comments. Now I'm more convinced than ever to give it a miss. Good hunting El Leon

Hi All,
This is my first post. I was contacted by ready rental property with the same sort of articulated spiel "we need more properties on the books"

At first glance this seems a good idea, somebody else doing all the leg work for a change. However I am a bit warey about handing over the management for at least a year. When I enquired what their prices for gardening and pool maintenace they could not provide any figures. I was told that the initial cost would be around 1100euros which would be returnable if no bookings were made, but I could expect around 17 weeks of rentals a year  but with no promises. I've managed to surpass that figure on my own. What also concerns me is that  I can not find any terms and conditions about the contract. Has anyone seen these? 

In theory if I signed up, i would be paying 1100 euros and if no bookings started to appear from the partner companies then I would have to find my own. So every booking I make i will also have to pay 5% to ready rentals, also have to pay the maint fees and they would keep the 1100E as I have taken bookings. therefor they get money for doing nothing. 
This is just my take on the situation and I would love to be proved wrong and hear from anyone who is using them and is seeing good returns. Apparently they are partners with the onholidaygroup, who also ask for rentals so it might be worth speaking direct to them.

** EDITED - Removed at poster's request **

Hi

Like everybody else here I too have just been contacted by Readyrentals and again initial due diligence search via internet brought me to this web site....Hmm!

I indicated a strong interest after 3 sepereated chats and recieved a follow up call within 5 minutes of advising that i needed more time to consider it>>> Guess they had a VERY SPECIAL OFFER JUST FOR ME!

I indicated that i had a management agent and fully paid till march 2009. And so they said....

"Well we have just had some bookings in and we have two weeks which we will give you now if you book with us this evening (5PM gmt)"

The dates they gave me clashed with my bookings and I advised  that I could not fulfill it....GUESS WHAT....NICE LADY SIAD SHE WOULD SPEAK TO MANAGER  and within 1 minute they had another booking with dates I had available"

That was just too sweet for me! I declined

Also they say that they will only market a defined number of properties within an area and Its LImited to 2000 in all of spain, so its important to get in now!

Seems that if a product is good enough this type of incentive would not be needed.

Good concept....I'll let somebody else be the guniepig!

Would like to hear from other who had a positive experience and actually GOT MONEY IN THEIR BANK ACCOUNT for the booking.

Bookings are fine but they need to be paid for....Those taht got bookings did you get your money?