Property management Services
Let Timberroot take care of every aspect of your rental operation, relieving you of day-to-day management tasks and allowing you to earn a 100% passive income.
Glamping Properties
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Property management
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Property developement
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How does property management differ from rental management?
Property Management: Timberroot will take over all aspects of the operation: maintenance, housekeeping, grounds, marketing, guest communications and guest services, accounting – we will upgrade the operation and allow you to walk away while earning 100% passive income.
Rental Management: An engagement for rental management exclusively focuses on marketing, booking, selling, and most aspects of guest services. The staff and operations of the property itself remain under the direct control of the property owner.
Lease to Purchase model
Timberroot's services are designed for a multi-unit campus, and we prefer to engage through a lease or lease-to-purchase agreement. Once a multi-unit campus reaches a certain size (above six units with shared amenities), dedicated housekeeping and maintenance staff may be required to keep the property in prime presentation form. In the event of a full operational takeover by Timberroot, all staff will become Timberroot-paid employees privileged to Timberroot's considerable benefit structure and competitive pay.
NNN Lease model
For those not familiar with the term triple-net: with this type of lease, the tenant, Timberroot is responsible for tax, insurance, and maintenance on the property. This provides the owner the opportunity to realize truly passive income and frees you from any stress in operations or maintenance.
Because Timberroot will assume liability for the property, a full inspection will be required prior to commencement of the lease. Repairs or upgrades may be necessary BEFORE Timberroot assumes responsibility. This is a low-risk, stable income option for the property owner to exit all aspects of operation while holding onto their asset and ideally realizing an increase in asset value as revenue increases.
Please note that while all the standard criteria apply for consideration, other requirements may preclude your property from consideration. The following outlines in the most general terms some of the property requirements that must be met to qualify for this arrangement. Timberroot is open to lease purchase agreements as well. In the event that Timberroot agrees to purchase the assets, a sell agreement will be arranged prior to the execution of the lease.
The property must be located near a tourist-driving natural attraction. National Parks and National Forests are the primary considerations; however, state park locations may qualify.
The property must be well maintained. All mechanical systems and structural systems must function as designed and will be subject to inspection prior to signing.
Timberroot will not assume any responsibility for existing debt.
The property must generate over 400K gross rents annually.
The property should have at least ten separate rental units.
Initial lease durations vary from 3 to 5 years unless a purchase agreement is negotiated into the lease, which may reduce the length of the lease to as short as 12 months
An official appraisal may be ordered to verify the market value of the property.
The lease may include a purchase agreement or first right of refusal.
If the property needs renovations or interior updates, Timberroot will consider the expected cost of updates, which will have a direct impact on the lease rate offered. However, we are not exclusively interested in newly built or newly renovated properties, though we reserve the right to update or redesign interiors after the assumption of operation.
Timberroot will purchase a professional property inspection and may request repairs prior to the assumption.
Timberroot reserves the right to rebrand the property.
Timberroot will migrate the properties website to the Timberroot web environment.
Timberroot assumes full operational control of the property.
The lease is a triple net lease.
Timberroot will carry property and liability insurance for the property.
Lease terms range from 3-5 years unless a purchase agreement is negotiated as part of the deal.
If a purchase agreement is not included in the lease, Timberroot or a sister company will have the right of first refusal should the owner elect to sell in the course of the lease.
Because payroll will transfer to Timberroot, all full-time staff retained will be enrolled in our full HR and benefits program.
Hybrid: lease plus profit share
While commonly used, a commission-based agreement may not be the most efficient option for third-party operational control over a multi-unit campus of over six units. It often necessitates the employment of full-time staff, which can be costly and less flexible.
In contrast, Timberroot presents a more advantageous approach with a hybrid model that combines a lease agreement with a fixed lease rate and profit sharing. The hybrid model ensures a stable return on assets and offers the potential for increased profits through profit sharing. Timberroot will consider a traditional commission-based model for campuses with fewer than six rental units.
Commission-based operations for campuses with less than six units
A commission arrangement may be most suitable for smaller properties. This is essentially a full-service STR property management agreement where the owner commands the majority of the revenue but Timberroot assumes responsibility for most aspects of operation without assuming financial liability for major repairs or additions. A minority percentage of gross rents, along with cleaning fees and or resort fees will be the property of Timberroot and in exchange, Timberroot will take over all rental management responsibilities (see previous section), cleaning and maintenance, including supplies. However, repairs costing over 150 dollars will be billed to the owner, or, the owner will be invited to source the repair or construction directly.
