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.
