How to write the perfect Airbnb listing [Guide]

The most successful Airbnb listings use the property’s distinctive features to appeal to its target audience. Thus, property owners should understand the demographics of their typical guest ...
Continue reading
Back to all posts

[Video] Why is short-term rental the best choice for your property?

Short-term rental or long-term rental? Are you currently wondering which one is the best rental option for your property? If yes, then this article is for you.

What is short-term and long-term rental property?

A short-term rental property refers to furnished home, apartment or unit that is being leased for a few days or weeks. The rent is paid on a nightly or weekly basis. Meanwhile, a property that is being rented out for six months or more is typically called a long-term rental property.

 

Where do guests find short-term accommodation?

Guests can find short-term accommodation in booking websites such as Airbnb, HomeAway and Booking.com. These booking websites disrupted the travel sector, especially in the last 5 years.

Who would have thought 10 years ago, that paying to stay at a stranger’s place would become a thing?

What seemed like a crazy idea, slowly became an interesting option for travellers who wanted something more authentic as well as property owners that wanted to make extra money out of their properties.

It now attracts not only homeowners, but also property investors, developers and other stakeholders from the real estate industry.

Why is short-term rental a better option for property owners?

1. Australia is a great market for short-term rentals

photo-1506973035872-a4ec16b8e8d9

Australia’s warm weather, iconic coastlines and stunning beaches are some of the reasons why such a big number of tourists visit the country throughout the year.

According to last years’ statistics from Tourism Australia, the country had one million international arrivals in December 2017.

This number is 4.0% higher in comparison with the same period in 2016 and the trend is that it continues to grow year-on-year.

This has a huge impact on the short-term rental market.

With a higher demand for accommodation and short-term rentals in general, property owners have a great opportunity to maximise rental income especially during the peak season.

2. Greater flexibility for you
photo-1447501614729-24781f73c2f1

Would you like to stay in your house or unit during certain periods of the year but rent out most of the time or maybe you would need to welcome family/friends in the property for particular occasions?

Then there's no doubt that short-term rental is for you.

You will be able to choose only the specific days or months that you want to have your property rented out. 

This option is also more convenient if you suddenly decide to sell your property. In this case, you don’t have to wait for a long-term tenant to leave the place. 

3. Higher rental income

 

Short-term rental allows you to charge more per night for a few days or weeks than the regular monthly charge.

You may also set your rates depending on your city’s peak and off-peak tourism periods, such as on holidays or when there are major events happening.

These include concerts, historical celebrations, sports competitions, conventions, etc.

Here at MadeComfy, we see our customers achieving at least 40% more rental with our end-to-end property management and dynamic pricing services.

4. Greater contribution to the economy

By having your property for rent on a short-term rental basis, you are contributing to the economy. 

A study from ACIL Allen (2017) found that the short-term rental sector generated approximately $1,041 million worth of revenue in 2016.

For the same year,  it is estimated that the sector supported about 40,823 full-time jobs.

More information about the contribution of the short-term rental market to Australian economy can be found in our Australia's Short-Term Rental Report 2018

By investing in the short-term rental market,  you help attract more tourists to your town or city. An increase in tourism leads to more income for both the local and national governments, and it also helps create new local jobs.


MadeComfy provides an end-to-end property management service, which means property owners don’t need to do a thing when they hand over their keys. MadeComfy makes the process of earning greater returns from short-term renting effortless, achieving 40% more than long-term rentals and self-managed Airbnb listings. Get in touch with us today to see how we can help!

Subscribe and get the latest news

Related Posts

How to write the perfect Airbnb listing [Guide]

The most successful Airbnb listings use the property’s distinctive features to appeal to its target audie...
Continue Reading

Top Airbnb guest amenities

Of the many amenities an Airbnb could be equipped with, there are several non-negotiable items which ever...
Continue Reading

How much do hosts make on Airbnb?

Airbnb has shifted the paradigm when it comes to how people travel ever since its launch just over a deca...
Continue Reading