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Dynamic Rates – The Future of Vacation Rental Rates

In researching the latest offerings for the vacation rental industry and evaluating new tools and technology that are poised to strengthen our standing in the marketplace, Oak Island Accommodations rolled out dynamic pricing in 2021. The seasonal rate tiers that which we had used for years, which represented a simplified form of dynamic pricing, got an upgrade. Rates now combine the best of both our local expertise and technological advances to take into account seasonality, market demand (analyzing across local competitors and sites like VRBO and Airbnb) and other factors that can affect demand like day of the week and special events. Across all vacation rentals, guests conducting a search will now enter in dates before a price quote is returned. The experience is similar to what consumers already experienced when booking a flight or hotel. The cost of a plane ticket or hotel room may be different based on when the purchase is made, whether that is today or two months from now. The end goal is to maximize profitability. We understand that for some vacation rental property owners, this is a new concept that you may want to explore further. We encourage you to visit https://www.rentalsatthebeach.com/dynamic-pricing-faq/ for answers to frequently asked questions about dynamic rates.

Off-season Monthly Rentals

Want to keep your property working for you in the off-season? Then consider offering an off-season monthly rate to take advantage of rentals by Duke Energy Progress employees, independent contractors, U.S. government employees and guests looking for a longer getaway. Normal occupancy limits apply and any contract dates listed are estimates only. You can choose to set your monthly rental rates or ask our licensed property managers to set a competitive rate. All rates will include utilities, which will remain in the owner’s name for the duration of the rental. DISCLAIMER: By signing up to participate for either government or Duke Energy Progress rentals, you agree that OIA may place a block on your rental calendar. This block does not guarantee a rental, but is necessary in the process of securing a contract.

U.S. Government Rentals

These contracts can begin as early as January and last anywhere from three to upwards of 24 weeks.The length of stay may change at any time without penalty to the occupants, even if the property is blocked for six weeks or longer. These groups may change their dates at any time. If the stay is longer than one month, then the rent is prorated. All payments are guaranteed by the contract, but could be in arrears by one month or more at times. Once payment is received from the government accounting department, OIA will disburse funds at the end of the month. DISCLAIMER: Blocks for this type of off-season monthly rental may last upwards of 24 weeks between January and June. This block does not guarantee a rental, but is necessary in the process of securing a contract.

Duke Energy Progress (DEP) Employee Rentals

Representatives from DEP will select properties to house their employees. The property selection process takes into account budgets, property locations and amenities. OIA supplies a list of properties available for rent with the final selection made solely at the discretion of DEP employees and their representatives. If the stay is longer than one month, then the rent is prorated based on the monthly rate. Rental payments are in arrears and paid after all employees have vacated every rental. DISCLAIMER: Blocks for this type of off-season monthly rental may last upwards of 6 weeks. This block does not guarantee a rental, but is necessary in the process of securing a contract.

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