Membership Rental Inventory Exceeds over 50,000 Rental Units in Less than Two Years
Panama City Beach, FLA. (January 12, 2016) – The Onsite Property Management Association (OPMA), which is focused on and advocates on behalf of onsite rental property management and the growing condo hotel sector, recently attained a major milestone goal for the association. The OPMA membership base now represents over 50,000 rental units of aggregated inventory. OPMA is currently one of the fastest growing national lodging associations in the country and comprises many of the most recognized brand name onsite property management companies and condo hotel properties in the lodging sector.
According to OPMA President and Founder, Paul Wohlford of Resort Collection in Panama City Beach, Florida, he is not surprised by the tremendous, rapid growth of the association in such a short period of time.
“There are recognized brand name onsite management companies and condo hotel properties, like ours, located throughout North America,” says Wohlford. “However, they have all been operating on islands unto themselves all this time and it’s taken the creation of a national association like OPMA to act as that critical bridge to bring everyone in our lodging sector together with a collective mission and purpose.”
Since the initial launch of the association back in March 2014, the OPMA Board of Directors established a short-term priority objective by the organization of realizing 50,000 rental units of onsite managed inventory system-wide before the end of this year. An additional goal of OPMA has been to aggregate the most condo hotel rental inventory in the most popular vacation destinations.
Rick Fisher, Executive Director for OPMA, briefly outlined how this important strategy of collective inventory aggregation in select markets ties directly to a major OPMA initiative.
“We have been assisting our members in measuring and determining their collective economic impact in the local markets they serve. Their impact contributions can now be quantified and shown as to how they directly benefit OPMA guests, owners, members, and the area stakeholders,” Fisher explains. “As a result of the continued growth of OPMA member rental inventory, we believe it’s conceivable in select targeted destinations that our collective economic impact contributions, including bed taxes, real estate taxes, employment, and other direct and indirect revenue indicators, could represent the primary financial resource supporting the local market area.”