Alternate Cashflow options identified
Airbnb or Short Term Rental options have not been uppermost in the minds of Property Developers to date however with recent economic changes, strategists are reviewing and considering new options to gain a positive return on investment.
Airbnb stays has surfaced as a viable option for the property developer to consider with both old, non moving stock as well as new property stock. Good returns have been experienced in the Short-term accommodation market often well above the traditional long term rental market returns which makes this a very lucrative consideration.
Property developers are wishing to maximise their return on investment and they are now recognising Airbnb and other online Short Term Booking platforms provide an alternate arrangement to traditional long term rentals. Benefits include:
- Enhanced rental return
- Property monitoring between each guest
- Regular maintenance
- Ability to engage a Short Term Rental Management Company to overview the guest intake and property management
Property Developer Network considers Airbnb Stays
Recently The Property Developer Network engaged with Short Term Rental Management Company representatives to explore Airbnb Stays as an option for cashflow opportunities. The Facebook Live Video is available to watch in the link below.
https://www.facebook.com/watch/live/?v=270929890803862&ref=watch_permalink
Short- term Rental Management Companies – Whats all that about?
Short- term Rental Management Companies are relatively new in the market and are a niche industry.
Short term Rental preparation encompasses staging and styling the property for the comfort of the guest, preparing informative details about the property and amenities, developing the content for the listing on the short term rental platforms, engaging with the guests before booking, during their stay and after departure, arranging cleaning, laundry and minor maintenance between guests.
The benefits of engaging a suitably qualified company with proven runs on the board are extensive.There is an expertise level required to optimise the property listing with the aim of attracting the right guest, ensuring the property stands out in the crowd not only in amenities but with visual and comfort appeal as well as providing desirable inclusions that meet the guest needs. As well as providing a seamless transition for the guest experience. BNB In Style is one such company that provides a guest centred approach as well as supporting and working with property owners and developers to maximise property returns. A happy guest means repeat business and positive word of mouth referrals.
As a Property Developer have you considered alternate benefits of Airbnb stays?
Not all properties are suitable for Short term Rent but a brief discussion and review by a Short Term Rental Management company can inform you of your properties potential.
Property Developers can consider utilising empty stock for Airbnb stays as well as utilising the Airbnb stay as an incentive to buy the property, a ‘Try Before You Buy’ scenario. This marketing strategy is an exclusive suggestion from BNB In Style. The prospective client is given an opportunity to access the accommodation facilities first hand by staying overnight. This would be a particularly useful strategy in a large holding where numerous ‘units’ are for sale, more so in an area where competition is fierce. It would provide an edge over the competition and would be easily managed with a Short Term Management Company undertaking Airbnb from the property.
In today’s ever changing economic situation ensuring maximal return on investment is always a consideration. Non Traditional ways of managing property development projects are now in consideration more than ever. Short Term Rental accommodation such as Airbnb stays has been highlighted to be one such new trend which deserves consideration. Excellent rental returns have been experienced and provide an alternate exit strategy or holding opportunity for Property Developers. The ability to engage a management company skilled in Short Term Rentals assures good return on investment and regular monitoring of the property (which occurs between each guest) and gives piece of mind as well opportunistic use of the property.
