Keep your Rental Management Agreemetns under "lock and key". They collectively represent the lions share of the value of your Vacation Rental Company. They should not be kept in a file cabinet but rather scanned into an encrypted area in your computer system that can only be accessed by appropriate executives.
Each executive should sign a non disclosure and non compete wiht regard to these specific agreeements and/or relationships.
I'll provide a few clauses here of things that should be in every RMA. The book goes into each additional clause and discusses why importance is attached.
Please note that as a Vacation Rental company owner, Vacation Rental company consultant, Vacation Rental company CFO and Condo Hotel executive I have collected RMA's from almost one hundred different businesses. As a side note, I giggled alittle when going through my hard drive for this book to find RMA's from Trump Condo Hotels!
I am a collector of great intellectual contract clauses, thoughts and processes. 85% of RMA's are the same. It gets intersting in examining what some have done and that makes up the remaining 15%.
I will provide you with some brillant clauses and those will better protect your businesses and anticipate certain issues, delimnas and events.
From Trump, Paramount, Hardrock condo hotels to a number of the biggest Vacation Rental companies (Mega Vacation Rental companies) I have collected the work of some of the best minds in the industry. While I can't share those documents, per se, I CAN provide you with the exact clauses that will enhance and protect your VR business.
This is another must see chapter in the book that I humbly tell you is worth the price of the book alone!