Companies like Exclusive Resorts and Quintess cater to the wealthy by giving them access to luxury home rentals at relatively reasonable prices. If you're traveling with a family or multiple couples, it ends up being a lot less expensive than staying at a high end hotel. And it's definitely a better deal than buying a vacation home, unless you expect big gains in property values. There's a big "but" though. Like country clubs, you have to pay a large fee to get in. Hundreds of thousands of dollars to become a member. Here's how the Exclusive Resorts/Quintess model works: Pay a few hundred thousand dollars and then you get to rent the homes they own for about $1,000/night. That's not bad for, say, a $4 million home in Tuscany with five bedrooms. A home like that usually rents for 4x that. The picture above is one of the Exclusive Resorts Tuscany homes.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/-HjUPbqMr7g/
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