MANAGEMENT

Pooled Income

All villas in the Wabi complex will be placed into a rental pool. In other words all rental income is combined before being shared to owners on a formula based on the number of bedrooms that each villa owner owns within the complex. Reasons for adopting this method are numerous, however foremost is that it results is the fairest distribution of income to owners. Under the Wabi management structure all owners share proportionately in both costs and income.

From a rental booking point of view, BHM will constantly market the complex both directly to end clients as well as through its network of over 120 booking agents. This will give the Wabi a wide and diverse exposure through a range of international markets.

Introduced via any one of several wholesaling and retail techniques, clients look to book a villa without knowing exactly which one they will occupy. The complex is being marketed as "Wabi- Umalas, featuring 2, 3, and 4 bedroom private villas." Clients choose to stay at the Wabi because of the complex's marketing and reputation. To manage bookings on the basis of "that villa hasn't been booked in a while, lets put them in there" is almost impossible to do in a fair manner and would certainly give rise to disputes.

Season and country of origin also impact which type of villa (2, 3 or 4-bedroom) will be favoured or so-called 'in season'. The pooling system allows all owners to benefit equally through these fluctuations - neither penalizing nor favoring any particular owner.

One of Wabi's strength in terms of rental appeal is its ability to offer different villa sizes and therein facilitate group bookings as all bedrooms are of the same size and possess the same amenities.