What is considered an Individual Unit Rental Property for a Casiola business?

According to Casiola's 2024 Franchise Disclosure Document, an Individual Unit Rental Property is defined as a short-term rental property that is or was under management by a Casiola Business during a select period. The document clarifies that for multiple family dwellings, each individual and distinct unit is counted as a separate Individual Unit Rental Property.

This definition is important for prospective franchisees because it directly impacts how Casiola calculates key performance metrics. For example, the number of Individual Unit Rental Properties under management is used to determine average and median commission fees per property, as shown in the financial performance representations for Orlando 1, Orlando 2, and Orlando 3. These metrics can help franchisees understand the potential revenue they can generate from each property under their management.

Understanding this definition is also crucial for interpreting the financial performance data presented in Item 19 of the FDD. The number of individual unit rental properties under management during the calendar year is a key factor in calculating the aggregate gross rental revenues collected on behalf of customers, as well as the average and median commission fees per individual unit rental property. This information can help potential franchisees evaluate the potential profitability of a Casiola franchise in different markets.