Have you ever considered renting your investment property – or your home – for the holidays? It's an increasingly popular option for investors seeking to maximize the income from their real estate portfolio. Your investment property is talking to Stayz to find out more.
The purchase of real estate to generate rental income is a long established investment tradition for many Australians. But there is an increasingly diversified number of options that go beyond simple long-term leasing to capitalize on these investments. One of the most popular among those that have emerged in recent years is leasing to vacationers.
But what is the best way to find customers? How can you guarantee the security of your property and yourself? Will the "rent" be paid on time?
It's here that Stayz intervenes.
Stayz.com.au
In 2001, Stayz began to become a small local website promoting vacation properties and became one of Australia's most renowned names in the temporary lodging industry. With over 50,000 properties in the country, Stayz allows guests to search and compare a wide variety of vacation rentals across the country.
For Simone Scoppa, marketing manager, Stayz is perfect for homeowners who want to rent their home in the short term.
"We put your home in front of a global network of millions of travelers from 190 countries, all of whom are looking for the perfect holiday home," said Scoppa. "From humble beachside huts to country homes, guests can find unique accommodation options to suit all tastes and budgets."
Depending on the location of your property, it may be possible to charge the monthly (ie, permanent) rent for a one week stay only. Renting your property for only 12 weeks a year as a vacation rental could potentially generate the same investment as a permanent tenant. "Any extra week simply increases your return and the property is always available for you to enjoy during your own vacation," says Scoppa.
Currently, the top 5 destinations by money yield per ad are:
1. Noosa, QLD
2. Busselton, WA
3. Yorke Peninsula, SA
4. Cessnock, NSW
5. Central Coast, NSW
How does Stayz help?
Homeowners who register with Stayz have access to everything they need to rent their property for the first time, including:
• An exclusive set of tools to optimize prices, reservations and communication
• Teaching materials on how to market to high quality travelers
• $ 1 million liability insurance coverage for accepted reservations on the platform
• 24/7 customer support
"We also have a number of features to give homeowners insurance on their customers," says Scoppa. "Before making a reservation, travelers must accept the property's property rules – this gives you the option of including clauses like no parties, or noise after 22 hours. Leases can be signed and bonds are taken. "
Owners can view traveler profiles and assess their behavior when staying in a property. The vast majority of Stayz bookings come from families looking for a relaxing getaway. In addition, compared to other short-term rental sites, reservations with Stayz are made earlier and for more nights.
The Kathryn Experience
In the last 18 months or so, Kathryn has had three properties listed on Stayz for vacationers. Based in Sydney, Kathryn discovered Stayz several years ago, while she was looking for a place to stay during her holidays.
"Initially, I became a Stayz client," says Kathryn. "I was really impressed by their website and then by the way the holiday experience went on afterwards."
With multiple investment properties, Kathryn realized that short-term leases and temporary vacancies would allow her to capitalize more effectively on her investments than long-term tenants. But, at the time of the traditional guest rooms, bed and breakfast door-plate disappear gradually – not to mention the overhead costs it could have – Stayz was the logical starting point.
Since then, she has never looked back.
"It's amazing how your calendar fills up," says Kathryn. "There are so many people that you can define your own strategy. If you want to be fully occupied all the time, it's entirely possible, but you can also reduce your consumption and only receive occasional guests. "
Beyond the integrated marketing provided by the Stayz website, the arrangement was designed to provide peace of mind, said Kathryn.
"There is professionalism and integrity for the host and the guest," says Kathryn. "A few years ago, I would not have thought of opening my home to strangers – but it's a very safe space platform."
In addition to the increase in income compared to full-time tenants, various benefits were also obtained from the investment point of view. Having more frequent access to the premises allows for more efficient cleaning, maintenance, upgrades and renovations, allowing the property to be maintained at a higher level.
"You have more visibility and flexibility," says Kathryn. "And for me personally, it's a great tool to make the most of my property."
Want to know how much you could win?
Get an instant estimation of the rental potential of your property on the basis of comparable rentals nearby on stayz.com.au/earn
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