Rent My Vacation Home is Now on 83 Vacation Rental Sites Synced on 1 Form
Venture capitalists are pouring millions into the start up Rent My Vacation Home dot com, which already is turning a profit.Rent My Vacation Home is Now on 83 Vacation Rental Sites Synced on 1 Form.
New York, New York (PRWEB) February 10, 2012
There’s no place like a second home. Or so the backers of vacation-rental start up Rent My Vacation Home dot com believe. Venture capitalists are so enamored of the 25 year old Washington D.C. Company, in fact, that they’re plowing millions into Rent My Vacation Home, one of the biggest investments in an Internet outfit since the height of the dot-com bubble.
“This thing is a very well-kept secret,” says Jim Kelleher, general partner with D.C. Venture Partners, a firm that invested millions in the investment round, announced Feb. 10, 2012. The rest of the financing came from Technology Ventures. Previous investors include Capital Ventures, which remains the largest investor of the company.
“It’s time to unveil our 83 site network and watch it turn into the next HomeAway or Airbnb,” says Brown, who led his firm’s investments in new technology.
While many start ups are handing out pink slips and scrambling for money, Rent My Vacation Home’s investors and executives say it had an easy time raising Money for a higher valuation. Rent My Vacation Home is one of those rare start ups with a high-growth business model that is producing an operating profit. Rent My Vacation Home dot com is on track to hit revenue of millions this year, says Chief Executive Jay Kalin. In February 1988, Kalin founded the company, who now is Rent My Vacation Home’s chief officer. “This just happens to be a segment that everyone overlooked,” says Kalin, president and CEO of Rent My Vacation Home dot com. “We see a terrific opportunity to build a great company.” The Homeowners change 83 sites with every reservation or price change with one form.
While the economic slump is forcing many consumers to cut back on travel, Rent My Vacation Home dot com Jay Kalin “thinks its service could prove resistant to the recession”. Renting a home often is cheaper than staying in a hotel. And for second-home owners who don’t use their houses that much, renting can bring in extra money when times are tight. “As consumers seek value the category of vacation rentals is appealing,” says Kalin. Thanks to this latest, head-turning investment round, Rent My Vacation Home is sure to attract a lot more attention–and rivals.
Analysts say competition is already growing from property managers, real estate companies, and a host of online players. Rent My Vacation Home dot com became the world’s largest Internet vacation home network service through the acquisition of 82 online vacation-rental sites. Among the next-largest rental sites are Rent My Vacation Home, and Rent Disney World Vacation Homes dot com, and Rent My Ocean Home dot com. “There are some new entrants in the market that will pose a credible threat,” Kalin says.
Other hurdles include the weakening travel market and the increasing need to earn the trust of consumers wary of giving stranger thousands of dollars so Rent My Vacation Home Guarantees every stay against fraud made on its reservation system.
About Rent My Vacation Home
“Search and List One and Done” Rent My Vacation Home operates 83 Franchised Stores and websites designed to help the 70,000 Home Owners listed & Millions of Home Vacationers .All aspects of online vacation rental management and adverting are performed . Homeowners are listed on a Network of 83 web sites, where 30 Million Vacationers visit every Year. Membership is Free Trial then $16.00 Mo. and vacationers Money is refunded if they do not rent their home. We work with local Hotels concerning overbooked rooms in all areas. Our agents work with your local Travel agencies and also advertise on all forms of local media .The advertisements not only include the Internet but TV also.
More info call 800-699-RMVH(7684)
# # #
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebsearch83/new/prweb9183444.htm