Vacation home rentals rise in Wilmington area despite higher service fees

The home owned by the Matusic family is one of many managed by Vacasa.

As more tourists continue to visit Topsail Island to enjoy the beach and relaxation, homeowners like Renee Matusic are providing them a place a place to stay, with views of ocean waves crashing against the shore.

For homeowners like Matusic, who lives in West Virginia, the upkeep is expensive. One bill is $15,000 for flood insurance. So, while being seven hours away, she wants to leave her family home investment in good hands.

“I wouldn’t say anybody who owns property there is a zillionaire,” she said. “We’re basically just hoping at some point to pay these monsters off. And then, we might make some money on them. But in the meantime, we’re still paying our mortgages and expenses.”

She is relying on Vacasa to manage the property. The Portland, Oregon-based business is making footprints in the Topsail region and the island shared by towns in Pender and Onslow counties. It acquired vacation rentals from Treasure Realty, a real estate business with offices in Surf City and Sneads Ferry. It’s known as the top full-service vacation rental management company in North America. Vacasa manages more than 35,000 homes in 35 U.S. states, Canada, Mexico, Belize, and Costa Rica. More than 3 million guests check in each year.

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