All rental income is subject to a 10% administrative fee. Developer-sold properties are then eligible for a 60/40 split between the homeowner and manager. Resale properties are eligible for a 50/50 split between the homeowner and manager.
All interior and exterior furnishings will be reviewed and approved by Oil Nut Bay to ensure success in your rentals and optimal rental bookings. The villa must meet the minimum soft furnishings, equipment and consumable supplies inventory requirements. All furnishings, equipment and supplies should be replaced as needed due to normal wear and tear. The … Continued
Owners who choose to be part of the rental program prior to beginning construction may be exempt from import duties on some construction materials.
Rental Management at Oil Nut Bay allows owners to effortlessly offset their investment and maintenance expenses when not residing in their villa. With full or limited rental management programs available, owners can select a plan that best fits their travel. In addition, owners who participate in the Rental Management program receive a discount on monthly … Continued
Oil Nut Bay offers an exclusive full and limited rental program to homeowners, allowing them to rent their villa while they are not living at their property.
A flat monthly management fee is charged based on the square footage of your villa and includes the oversight and management of all services. All service fees are passed through to the owner at cost.
Oil Nut Bay’s dedicated Property Management team provides support in maintaining the quality of villas and grounds at the highest level, and ensures each homeowner receives value and excellence from all service providers.
Oil Nut Bay has two sets of dues per property, Resort Club and Property Association Dues (POA). Each property is equally assessed regardless of size. Discounts on dues are available for villas engaged in the rental program. Villas with full rental availability see their Resort Club fees subsidized by two-thirds. Villas with limited rental availability … Continued