Rental Homeowner Information

Rental competition is high on LBI with more rental homes available than prospective tenants; the opposite of the ‘COVID Summers’. Not to mention, LBI is getting more expensive compared to other beach towns (like OBX), all inclusive resorts and cruises. Therefore, it is imperative to make sure your house stands out in a sea of rental opportunities.

Many agencies are passive when they list you rental home: signing you up, putting you on their website with some dark or blurry photos & a 3 line description and then just waiting for the inquiries to come in…

Sand Dollar is always proactive with our rentals. We are constantly adjusting prices throughout the year, changing pictures and constantly circling back to past inquiries to drum up business. We also list our rentals on a variety of rental websites, post on Facebook Rental Groups, and even The SandPaper Classifieds for some of our longer term rentals.

Sand Dollar has a variety of programs and 40+ years of experience with LBI Summer Rentals to help you. Over 75% of our rental properties are Exclusive Rentals and we work hard to not only cultivate the best rental book we can, but service our homeowners at the highest level.

Tenants are starting earlier and earlier in their search for a rental. In the last 5 years, over 57% of the inquiries received in June-August were for the NEXT summer, not a last minute rental. Of those inquiries that were ‘last minute’ just over half of them are for new to market homes (listed in May or later).

President’s Weekend used to be the unofficial start of the rental season, prospective tenants came down with clipboards and looked at a dozen homes before making a decision. We are close to 75% booked by that time now and less than 25% of our tenants come down to see the house before signing a lease.

Similarly, our leases are being written earlier as well. Over the last 5 years: over 54% of our leases are written by December 31, over 68% are written by January 31, over 78% are written by February 28th. By the time we hit Memorial Day almost 92% of leases have been written! Rentals are year round; as soon as we finish one summer, we begin on the next.

Just over 50% of our total leases are ‘repeats’, which accounts for a large portion of the pre December 31st leases. The sooner we receive authorizations, the sooner we can start writing leases.

Sand Dollar Real Estate covers all of LBI, from Holgate to Barnegat Light

Some highlights that differentiate us are:

SDRE takes half of the commission from your first payment and half from the second. Our job is not done until the tenant is happily in your home.
SDRE requires 7 day turnaround for signed leases to be returned and payments made. The less time your home is off the market waiting, the better.
SDRE will always be the ‘middle man’ when it comes to your tenants, that’s what you’re paying us for. You will never be forced to deal directly.
SDRE knows renting your home is a privilege that we don’t take for granted. We’ll show our worth and never lock you into an automatic renewal.