Whether you own your property primarily as an investment or as somewhere to spend your holidays, listing it as a holiday rental can be a great way to increase your return on investment.
Many people, when considering renting their property, believe that permanent lettings will ensure the best rental return and a hassle-free investment. However, renting a short-term rental property can be a highly profitable endeavour.
Depending on the location, it may be possible to charge the equivalent of a regular (permanent) monthly rent for a one-week holiday stay. Leasing your property for only 12 weeks a year as a holiday rental would generate the same investment return as a permanent tenant. Any additional weeks simply increases your return, and the property is still available for you to enjoy for your own holidays.
We recently secured a beautiful rental in Burleigh Heads, Queensland for $650/week (price prior to Maisonnets). A rental of this kind and condition ranges from $600 to $680 for a 2 bed, 2 bath walk up property, without all of the resort style facilities and elevators.
In order to get the most out of the property, our team re-styled, painted, upgraded (down to the knives and forks), and furnished the property. This cost a total of $13,000.
Maisonnets offer a full set-up and styling for a small investment of $10,000 to $15,000, depending on the property’s needs.
Based on the time of year (September 2022), it is expected to get anywhere between $200 to $500 per night. With this said, the average would be around $280/night with an estimated 75% occupancy, giving the owners a $76,650 pa return. This is in contrast to the property being a long-term rental at $650/week, totalling $33,800 pa.
It is important to highlight that there are properties within the same building being occupied 80% of the year. However, the rates are lower due to dated furnishings and the condition of the properties.
Listing your property with us opens the door to tailored and stress-free solutions to build successful and rewarding growth on the cash flow of your properties. With a ‘your home is our home’ philosophy, we take existing property management initiatives and expand them through a white glove experience that is value-adding for both guests and property owners alike.
To help you with the decision of whether to invest in a holiday rental, we have put together the following guide to give you an idea of the process – click here.
Maisonnets look after all the essentials of your Airbnb listing including maintenance, cleaning, advertising [on all travel sites] and concierge services allowing you to spend more time doing the things you enjoy as our team is completely across the short-stay market for you.
What are you waiting for? Contact us www.maisonnets.com/contact today or phone 1300 6962 4766.
Short-term rental property has proven to deliver much higher returns than a normal long-term lease and through such platforms as Airbnb/Stayz, etc.
What usually holds people back from wanting to do this is all of the hard work that goes behind marketing, hosting, cleaning, vetting and even furnishing an investment property to deliver better returns, which in most cases will deliver anywhere from 50%-120% more than a conventional long term lease.
MaisonNets is a short-term management company, who not only can do all of this work for you, but know the industry inside and out, partnering with up to 50 different booking platforms to access a wider audience when marketing your property. We also look after not just investment property but what we call owner/vacate property, as a lot of our owners who live in their own homes, travel overseas or interstate extensively and use their home to generate income whilst away.
MaisonNets have been in the industry for over 7 years and operate in South Australia, Victoria, New South Wales and Queensland.
If you feel your property has the potential to be earning a lot more than it currently is a simple assessment can determine this with one of the team specialists.
Whether you’re new to the rental market or a seasoned professional, Maisonnets make it simple to earn extra money from your short-term rental property without putting in extra effort. Contact us today https://maisonnets.guestybookings.com
What are you waiting for? Contact us www.maisonnets.com/contact today or phone 1800 193 151.
Of the many thousands of active Airbnb rentals in the Sydney area alone, about 60 percent are for an entire home. And all of these guests have increasingly high standards for properties.
With short-term rental companies continuing to gain popularity throughout Australia, it’s time to get serious about updating your vacation rental property.
Great pictures help you get consistent bookings online, as long as you accurately reflect what guests will find when they walk in your front door. Here are five things to consider before you post pics to attract short-term renters.
This is where your guests will gather to plan outings or exchange stories at the end of the day. The furniture should be comfortable and functional rather than posh. Choose attractive, durable fabric if replacing existing furniture. You can also use slipcovers to update your existing couch and sofa or to tone down print patterns.
Select a couch large enough for several people without taking up the whole room. As a rental, your home receives quite a bit more wear and tear than if you stayed there yourself. Choose neutral colors, such as beige, tan or grey, that hold up under the weight of many guests. As a bonus, you can incorporate a pull-out sofa for additional sleeping capacity.
If you are looking for function and comfort, add armchairs for additional seating. Alternatively, get a rocking chair for a warm family vibe. Meanwhile, mount the TV to a large blank wall for convenience and security, and to create a modern feel. Include a coffee table and side tables for drinks and snacks to finish the room.
Tip: To elevate the space beyond home decor, choose an interesting rug that acts as a focal point. This small touch translates well in photos and impresses guests. If you allow pets, consider that in your choice.
Believe it or not, this is the room guests remember the most – for better or worse. Comfortable beds with fancy headboards coupled with high-end sheets and covers make a huge difference and are worth every cent. That said, it’s important not to stuff in too much furniture. Guests want an airy, open feel, not claustrophobic furniture.
Depending on the size of the room, you may be able to fit in a king or queen size bed. However, as long as it sleeps two comfortably, the main concern is the impression it gives off. A king size bed makes a large room less intimidating, while a queen or double bed helps you maximise space.
Here are some important tips to keep renters happy:
Tip: Great pillows help guests get a good night’s sleep, whereas cheap pillows keep them tossing and turning.
A formal dining area can be impressive, but guests on the go are more likely to congregate at a breakfast bar or kitchen island.
Tip: Have plenty of stools to accommodate everyone. (They’re also great for photos.)
A full kitchen is a must-have for short-term vacation renters, and it’s probably the biggest reason people choose them. If you have space, get a dining table that seats at least four and gives guests options. Keep patios well-lit and in great condition, especially if they extend off a decked out kitchen.
Tip: An affordable but attractive table and chair set give guests a place to eat and enjoy an at-home dinner on their vacation.
Let’s finish our list with a few things to avoid:
There’s more at stake than ever to make a positive impression. Utilise these property styling tips to increase bookings for your short-term rental property and help guests feel comfortable when they want to relax the most.
