Risk Management Plan
Risk Management Plan
Mitigation Strategies:
- Diverse investment portfolio to accommodate for down months.
- Insurance coverage for potential property damages.
- Marketing promotions during the off-season.
- Extremely low overhead managed by Virtual assistants not paid for by the property.
Potential Risks:
- Market downturns.
- Property damage.
- Seasonal fluctuations in bookings.
- Management Fees and Costs