Sarasota, FL Original Date of Release: June 17th, 2020 For Immediate Release
Local real estate company Sterling Realty launches first of its kind income protection program for vacation rental homeowners and a flexible cancelation policy for guests.
Greg Martin, Owner/Broker of Sterling said, “This is definitely a game-changer. The pandemic has disrupted the entire short-term rental industry with cancelations causing all kinds of financial challenges for owners. Up until recently, our demand has been greater than the supply for vacation properties especially during the winter months and as such, rental companies offered mostly non-refundable booking deposits and payments. This new program is a lifesaver for both guests and vacation homeowners.”
He went on to describe the benefits to both travelers and vacation homeowners:
Travelers can now book with confidence that they can cancel right up until 48 hours before occupancy and get a full refund directly from Sterling (no insurance claims required)
Owners who experience canceled reservations can get between 90 and 100% income replacement through a streamlined claims process managed by Sterling.
Many vacation rental homeowners are individuals who may also have mortgages on their homes and this program provides much-needed income protection at a time when further cancelations could be brought on with a 2nd wave of the virus.
This new program, backed by Lloyds of London, is offered exclusively through Sterling Realty which is the only professional management company to offer an income protection program in Sarasota and Manatee Counties!
All owners of vacation rentals should be looking at this program to protect their income. Inquiries for more information about the program should be directed to Greg Martin, Owner/Broker contact info below.
Sterling Realty, launched in 1993, provides what they call “Lifecycle Real Estate” services throughout Sarasota and Manatee counties. These include specialized sales/rentals of homes and condos as well as rental and property management services. Its clients include both local and international buyers, sellers, and investors.
Name: Greg Martin, Owner/Broker
Organization: Sterling Realty Sales Team
Address: 5250 17th Street Suite 101, Sarasota FL 34235