In the $100 billion vacation rental industry, Florida-based Weatherby Consulting holds a unique position as the preeminent provider of consulting services in the industry.
Miramar Beach, FL, May 19, 2018 — In the $100 billion vacation rental industry, Florida-based Weatherby Consulting holds a unique position as the preeminent provider of consulting services in the industry.
Weatherby Consulting, with more than 100 buy-and-sell transactions and more than $200 million in sales of vacation rental companies in its first five years, is a rarity in the market, a company that not only provides buy-and-sell services, but vacation rental consulting, expert-level accounting services, and even partnership opportunities, where they partner with vacation rental companies to manage and increase the value of the business.
“We’re really blessed to work with the industry’s best management companies,” admits Weatherby Consulting founder and CEO Ben Edwards. “There isn’t a vacation rental management company out there we couldn’t help in a meaningful fashion. It boils down to experience and we’ve operated in hundreds of resort destinations, from Key West to Whistler, Maui to Maine, Costa Rica to Cabo. You name a market and we have worked with someone there.”
Weatherby, which celebrates its fifth anniversary this year, has more than 19 years of direct industry experience purchasing and selling vacation rental management companies, managing operations, finance and accounting, Weatherby Consulting can provide rapid, strategic advice to assist their clients.
A respected, innovative and experienced leader in the vacation rental industry, Edwards has worked with a number of companies and associations, including as President of Vacation Rental Management Association; President of Sanctuary Vacation Rentals, Inc.; Vice President of Royal Shell Vacations; Advisory Board Committee member of HomeAway; President of Waterstone Resorts and Vacation Homes; Board of Directors, Florida Vacation Rental Managers Association; General Manager of ResortQuest SW Florida; and member of the Board of Directors of VRMA.
The vacation rental industry is a growing and increasingly competitive market with a multitude of players at many levels. Not all are scrupulous or on the client’s side, something Edwards hopes to counter with Weatherby’s mission as an industry leader.
“There are a lot of vultures out there now, so we want each transaction to follow an organized process in line with market rate terms, we ensure the transaction is fair and reasonable for both parties,” says Edwards. “We’ve made meaningful changes in the lives of many companies. We’re really proud of our work.”
In 2015 Greg Herr joined Edwards bringing additional resources to the Weatherby team. Herr has over 25 years of vacation rental specific operations, marketing, management and financial expertise. “Although Ben and I have worked together in different capacities for over 18 years the opportunity to join Weatherby Consulting was simply too good to pass up. It has been an exciting and busy three years and the work we do pulls from every bit of my vacation rental experience, but I absolutely love working with our clients to help improve their businesses.”
In addition to consulting Mr. Herr assists Edwards in providing transaction advisory services. “It is very rewarding to help a business successfully execute a sale. Often times the seller of a vacation rental business has poured a significant portion of their career into the creation and growth of the business. Helping them get maximum value for the business is incredibly important and rewarding.” Says Herr.
Leading Weatherby’s Accounting Services Division is vacation rental accountancy expert Stacey Herr. With Stacey’s over 25 years of vacation rental accounting experience, Edwards, and team, have been able to shore up an area of consulting that many vacation rental companies overlook, the accountancy of owning and managing a vacation rental business.
“We’ve ramped up the accounting side of our business in the last 16-24 months,” says Stacey Herr, of Weatherby. “Weatherby, accounting service dovetail into the profitability consulting we provide. In numerous cases, we were trying to provide consultative advice based upon bad information and so the accounting service division was born. Currently, we provide routine accounting services and prepare actionable financial statements for a number of clients in many markets.”
The monthly financial package prepared for their accounting clients is a fundamental component to understanding a company’s key drivers of profitability. It also provides actionable data allowing companies to increase profits, reduce operational expenses, implement new technologies and target new sources of revenue.
Weatherby now provides comprehensive consulting and transaction advisor services, plus accounting services to more than 30 companies across the U.S. and internationally.
About Weatherby Consulting
Weatherby Consulting provides strategic transaction advisory services, vacation rental consulting and expert accounting services to create opportunities and solutions in the highly competitive vacation rental and resort management industries.
Founded in 2013 by vacation rental industry veteran Ben Edwards, Weatherby Consulting is the preeminent provider of consulting services in the vacation rental industry with more than 100 buy-and-sell transactions and more than $200 million in sales of vacation rental companies throughout his career.
Based in Miramar Beach, Florida, Weatherby Consulting delivers high-impact results, provides partner-level attention and implements solutions tailored to address every client’s unique goals and objectives.
Weatherby Consulting has worked with industry leading clients in more than 200 resort markets across North America and beyond. With more than 19 years of industry and accounting knowledge, Weatherby Consulting provides rapid, strategic advice to assist our clients with purchase-and-sale transactions, profitability consulting and vacation rental specific financial reporting.
With an unwavering dedication to both the short- and long-term interests of your company, our services are designed to identify underlying issues, provide straightforward answers, and create solutions that will achieve the maximum financial benefit and a competitive advantage for your organization.
Their services include:
1. Transaction Advisory Services — This service line includes the purchase and sale of Vacation Rental Companies, our primary service line.
2. Vacation Rental Consulting — We provide consulting services focused creating sustainability, efficiencies and increased profits.
3. Accounting Services — We provide expert-level accounting services and financial reporting to more than 30 companies across the U.S.
4. Partnership Opportunities — Weatherby Consulting is willing to partner with Vacation Rental Companies to more effectively manage certain business operations and substantially increase the value of the business.
Weatherby Consulting, LLC
755 Grand Boulevard
Miramar Beach, Florida 32550
Toll-Free: (888) 304-1405
Fax: (888) 304-1405
Marci Bracco Cain
Salinas, CA 93901