Property Investor, Property Mentor, Buisness Advisor
We Help People Build Sustainable Property Empires
Short Term Rental: Airbnb, VRBO, Homeaway
Ever wanted to have an investment place you could also use for a holiday house
Buying a house to increase your quality of life
Short term rental houses are becoming a more popular option for people looking for a place to stay. More properties can be found through online services such as Air BnB and can provide a unique experience for the traveller. You can find houses in many different areas, and they often come furnished with all of the amenities you need.
Owning a short term rental house can be a great way to increase your quality of life. Not only do you get to choose the location and type of property that you want, but you also have the flexibility to manage it how you see fit. Whether you are looking for an investment property opportunity or just want a place to stay when you are on vacation, short term rentals can be an excellent option.
How buyer's agents/buyers' advocates (real estate agents) can help?
If you are interested in finding a short term rental property, it is important to work with buyer's agents(real estate agents). A buyer's agent/buyer's advocate can help you find and research the suitable property that meets your needs and budget, and can also guide you through the buying process. As buyer's agents, we have knowledge and expertise, you can be assured that you are getting the best possible deal on your property.
As licensed professionals, buyer's agents/buyer's advocates give independent advice and use data trends and statistics to find these types of properties. We know that short term rental properties are becoming more popular, and can help you find the perfect house for your needs. So if you are looking for a unique travel experience or an investment opportunity, consider a short term rental property.
As a buyer's agent, we help you buy specific property under the current market value and help you save time, save money, and pay fewer costs so you have more income in your pocket. When buying an investment property it's still important to get it at the right price, look for capital growth, good rental income and high occupancy rates. This is why a buyer's agent is so important.
But you need to be careful
We do our Due diligence for our clients when they purchase property
Even though we are now looking into different income sources, rental income is still important to understand. Many people rely on short term rental income to cover their monthly expenses, and having a good investment property can allow you to continue building wealth for your future. But what if there is a downturn in the market? And more importantly, how can we protect ourselves against that?
Being a buyer's agent making sure that long term rentals are also effective in the area, you can help ensure that your investment is protected against any downturns in the market. So if you're looking for more information on how to buy a property, or have an interest in finding out more about short term rentals and want to invest, contact our buyer's agent today. We would be more than happy to help you through the process and answer any questions that you may have.
Buyer's Agent work in the best interest of the buyer
We Work for the buyer not the seller
As licensed and professional real estate agents, as a buyer's agent, we work in the best interest of the buyer. We understand that finding the perfect property can be an overwhelming process. With our expertise and guidance, you can trust that we will help you make the right decision when purchasing a short term rental house.
Passive income is so much better than active income
We have a short term rental host we can network you with
As a buyer's agent, we have access to many professional services. There are many benefits to working with a networked host with a good reputation for your short term rental needs. Not only do they have extensive knowledge and experience in the industry, but they also have a vast network of resources that they can draw from to help you with your rental. Hosts are like real estate agents (property managers), but they also provide concierge services and can help you with any needs you may have during your stay. They can also provide you with valuable insights into the local area and can help you find the best restaurants, bars, and attractions.
They can help you manage the perfect property that meets your needs, and can also provide you with advice and guidance as you manage your rental. Whether you are looking for an investment property or just want a place to stay when you are on vacation, working with a networked host can be an excellent way to get the most out of your short term rental experience. They save you countless hours and have more insider knowledge than anyone else, making them the perfect partner to help you find and manage your rental property.
Services the Host Provides
The hosts provide the following services
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Property market appraisal to assess performance as an STR.
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Providing advice on what works well in a property for Airbnb
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Having a local area professional on the ground
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Listing and adverting the property on various platforms
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Professional photography
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Managing all guest communication
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Managing housekeeping and maintenance issues
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Using dynamic pricing to maximise the nightly rate
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Screening and approving guests
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Managing the listing and calendar
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Have on the ground due diligence
They also provide more personalised services for clients and a more seamless experience for guests, which can lead to higher reviews, more value and more repeat business. If you are looking for a short term rental property, consider working with a networked host. We can help you find the perfect one in the location and market your property purchase will be in. Having on the ground local knowledge and a wealth of resources at their disposal, they are the perfect partner to help you find and manage your rental property. The buyer needs to be aware the Host does charge a fixed fee percentage and you will still have to pay other expenses. But by buying the ideal properties with low maintenance costs, and getting good short term tenants, a host/property manager can more than pay for themselves.
The more appealing the more people will stay
We also Network with a Short term Rental interior designer
It's not hard to easily overcapitalise on a short-term rental property. It is critical to engage the services of an interior designer that understands how to design and furnish a property for short term rental. This can help you maximise your investment, and find the perfect balance between aesthetics and functionality to ensure a great guest experience. During the buying process, it is important to choose a property that has the potential to be an excellent short-term rental. This means taking into account factors such as location, size, style and number of bedrooms.
When you are ready to furnish your rental, it is important to find an interior designer who knows the difference in location may mean the difference in design, for example, a rental in the city may be more sleek and modern, while a beach house may be more relaxed and rustic. The style of your home should also be taken into account, as you want to create a cohesive and appealing space. Whether you are looking for more neutral or more vibrant colours, it is important to work with a designer that can help you create the perfect atmosphere for your guests.
Ultimately, the goal of furnishing a short-term rental is to create a space that is both stylish and inviting, while also being functional and comfortable. An interior designer can help you achieve this balance, and ensure that your property is furnished in a way that will appeal to guests and help you maximise your investment. This is where we as a team, work for you. The host, the buyer's agents, and the interior designer.
So what are the Benefits
There are a number of pros to using your investment property as a short term rental in Australia. First, you can make a significant amount of money from renting out your property. Secondly, you have the ability to control how often your property is rented and for how long. This means that you can increase your income by managing the property yourself and deciding when to put it up for rent.
Pros of owning a short term rental:
- Flexibility to choose the location and type of property
- Control over when and for how long your property is rented
- Opportunity to increase your income by managing the property yourself
- Furnished with all of the amenities you need
- 30% More returns than the traditional renting options
- The better the reviews the better you are in the search results
- You can still get capital growth
If you are considering buying a short term rental property, Air BnB or VRBO are great options to explore. With air BnB, you can search for properties by location and price. You can also check out reviews from other air BnB users to get an idea of what to expect. VRBO is another popular option, and they offer a wide variety of properties to choose from. You can also read reviews from past renters to get an idea of what to expect.
Short term rental data is different to long term rental data.
As buyer's agents, we use data to find you an investment. The data that is captured for short term rentals is different from what you would typically see for long term rentals. This data can be used to help identify hot spots for short term rental activity, and can also help you understand how these properties are being used. With this data, we can help you find the right property to meet your needs and ensure that you get the most out of your investment.
One of the benefits of using buyer's agents and short term rental data is that we can help you understand the scarcity of these types of investment properties. We know that there are only a limited number of short term rental properties on the market, and can help you find one that meets your needs. We also know that these properties are in high demand, and can help you get the best possible price for your property.
Property type and locations are important
Value is key when you invest
When looking for a short term rental property, it is important to identify the type of property you should buy. There are many different types of short term rental properties, including homes, apartments, and condos. With the help of a buyer's agent, you can find the perfect property for your needs and budget. As buyer's agents, we can help you identify the best type of property to buy, and can also help you find the perfect location depending on the market so you get value when buying property.
When looking for a short term rental you want holiday appeal, proximity to attractions and entertainment, and ease of access. As buyer's agents, we can help you find the best property in the ideal location for your needs. Our data can help you understand where the hot spots are for short term rental properties, and can also help you find a property that is close to the attractions and amenities you want.
The holiday house
Nothing more valuable then your own getaway
If you are looking for a place to stay during your holiday, buying a short term rental property can be a great option. These properties are often located in prime holiday destinations and can provide you with a unique travel experience. Buying a holiday house can be a great way to get the most out of your trip, and can help you make lasting memories with friends or family. There are many reasons why having a holiday house is a luxury. Not only do you have to pay for the property, but you also have to pay for all of the maintenance, utilities, and other costs that come with running a home. But with a holiday house, you can more easily manage your expenses and get more out of your vacation. When you short term rental, you have the best of both worlds. You get the holiday house and the holidayers pay for it. This means more cash flow and more income, which can be a great way to offset the costs of owning a second home.
So what are the Benefits
If you are looking for a place to stay during your holiday, buying a short term rental property can be a great option. These properties are often located in prime holiday destinations and can provide you with a unique travel experience. Buying a holiday house can be a great way to get the most out of your trip, and can help you make lasting memories with friends or family. There are many reasons why having a holiday house is a luxury. Not only do you have to pay for the property, but you also have to pay for all of the maintenance, utilities, and other costs that come with running a home. But with a holiday house, you can more easily manage your expenses and get more out of your vacation. When you short term rental, you have the best of both worlds. You get the holiday house and the holidayers pay for it. This means more cash flow and more income, which can be a great way to offset the costs of owning a second home.
There are a number of Cons to using your investment property as a short term rental in Australia. One of the most significant is that you may be required to obtain a special event permit from your local council in order to host guests for short periods of time. This can be a costly and time-consuming process. Additionally, you will need to ensure that your property is adequately insured in case of any damage or accidents that may occur during a rental period.
Cons of owning a short term rental:
- May be required to obtain a special event permit from your local council
- Will need to ensure that your property is adequately insured
- Potential for damage or accidents during rental periods
- Time-consuming and costly process
- May not be allowed in some residential areas
- Have ongoing expenses and costs
- If the investor buys wrong you could be vacant for long periods of time
Despite the potential cons, short term rental properties can be a great way to earn extra income and increase your quality of life. If you are considering renting out your property, be sure to research the laws and regulations in your area to ensure that you are compliant and prepared for any potential challenges that may arise. With the right planning and management, a short term rental property can be an excellent investment opportunity.
According to AirDNA
According to a study by AirDNA, short-term rentals offer homeowners the potential to earn 30% more than traditional renting. The study compared the average monthly revenue of investment properties listed on Airbnb in 10 major markets to the monthly rent of similar properties. The results showed that, on average, an Airbnb property earned 30% more than a traditional rental. This suggests that choosing a short-term rental property could be a great investment opportunity for homeowners who are looking to maximize their income.
Wow 30% more income
The different platforms you can use for Short term rental
There are many different sites and apps that you can use to list your short term rental property, including Air BnB, HomeAway, VRBO, and more. These platforms make it easy to find a suitable place to stay when you are travelling, and they also give you the opportunity to connect with other travellers who may want to stay in your rental.
List of short term rental sites in Australia:
- airbnb.com.au
- vrbo.com.au
- stayz.com.au
- homeaway.com.au
- booking.com
- wotif.com
Listing your property on a short term rental site can offer a number of benefits, including:
- The ability to reach a global audience of potential renters
- The ability to set your own rates and terms
- The opportunity to meet new people and make new friends
- The ability to get feedback from renters about your property
Banks Don't like Short Term Rentals
What do the banks think?
It's worth noting while short term rentals may offer a number of benefits, many banks do not support this type of investment. This is because there are more potential risks associated with short term rentals, such as damage to the property, noise complaints from neighbours, and more. As a result, banks may be more hesitant to offer loans or other financial assistance to investors who are looking to purchase short term rental properties.
What this means for you
If you are considering purchasing a short term rental property, it's important to be aware that you may have difficulty obtaining financing from a bank. You may need to look for alternative funding options, such as personal loans or crowdfunding, in order to make your purchase. Additionally, you will need to be more diligent with your financial management and budgeting, as you will have more irregular cash flows due to fluctuations in rental revenue.
Despite these challenges when investing in an investment property, short term rentals can still be a profitable and rewarding investment. If you are willing to take on the additional risks, a short term rental property can offer a unique opportunity to earn more money, meet new people, and travel more. Whether you are looking to purchase your own property or simply to list your spare room on a short term rental site, be sure to do your research and prepare for any potential challenges that may arise. With the right planning and management, an understanding of costs, when you invest in a short term rental property it can be an excellent investment opportunity.
Use a good Mortgage Broker
When borrowing money a good mortgage broker will have access to a range of different financing options that can help you achieve your investment goals, even if you are looking to purchase a short term rental property. If you are considering investing in a short term rental, be sure to speak with a qualified mortgage broker who has access to multiple banks, saves you costs, and engagement fees and can help you find the right financing solution for your needs. They understand your financial situation and can offer you more than one solution/service.
The home buyer needs to be prepared they are going to have mortgage payments, home buyers insurance, property taxes, etc. more than normal and more responsibility when it comes to their investment. They need to be careful about the people that they let rent their property, more security measures would need to be taken than usual. If Interest rates rise, this can affect the housing market more than normal and more people will be shopping around for more affordable options, making short term rentals more desirable.
Make sure you also understand your exit costs may be more than normal and more money may need to be invested in the property more often. However, with more money being spent more questions will arise more frequently more often more people will be contacting you more often more problems more responsibilities.
If you are considering investing in a short term rental property, it is important to understand the risks and challenges that come with this type of investment. While there are many benefits to owning a short term rental property, such as increased revenue and the ability to meet new people, there are also more potential risks and challenges that you will need to be prepared for. With the right planning and management, however, an investment in a short term rental property can be a great opportunity to earn more money and travel more while still maintaining control of your investment. So, if you are ready for more responsibility and more opportunity, consider investing in a short term rental property today!
