RealTimeRental vacation rental software announced today that it intends to spin-off RentalRetreat.com as an independent company. The distribution channel has been highly successful, and RealTimeRental is confident that the spin-off will allow Rental Retreat to grow and remain competitive in the vacation rental industry.
“We believe the best way to realize the full potential of Rental Retreat is to allow it to operate independently. The transition will allow professional property management companies who do not use RealTimeRental software to host their rental inventory on the distribution channel” said Joe Testa, co-founder of RealTimeRental.
RentalRetreat.com currently hosts 50,000+ professionally managed rental properties, has a lead conversion rate of 28% which is well above industry standard, and has generated over 2.4 million dollars on behalf of its clients. RealTimeRental and Rental Retreat have been working closely with developers and SEO professionals to ensure the transition period is seamless.
“Despite becoming an independent company, Rental Retreat’s mission remains unchanged: to help travelers easily find professionally managed rental properties around the country” said Testa.
Rental Retreat is now open to all professional property management companies and real estate offices who want to increase their rental properties’ online visibility.