Ever thought about renting out your investment property – or your home – for the holidays? It’s an increasingly popular option for investors looking to maximise the revenue from their property portfolio. Your Investment Property speaks to Stayz to discover more.
Purchasing property to derive rental income is a long-established investment tradition for many Australians. But there are an increasingly diverse number of options beyond simple long-term rental to capitalise on these investments. One of the most popular to emerge in recent years has been leasing to holidaymakers.
But what’s the best way to find guests? How can you guarantee the safety of your property and yourself? Will the “rent” be paid on time?
This is where Stayz comes in.
Beginning life as a small, local website promoting holiday properties in 2001, Stayz has grown to become one of Australia’s foremost names in short-term accommodation. With more than 50,000 properties domestically, Stayz allows guests to search and compare a wide variety of holiday rentals across the country.
For Marketing Manager Simone Scoppa, Stayz is a logical fit for owners who are looking to lease out their houses on a short-term basis.
“We put your home in front of a global network of millions of travellers from 190 countries, all of them looking for the perfect holiday home,” says Scoppa. “From humble beachside shacks to country abodes, guests can find unique accommodation options for every taste and budget.”
Depending on the location of your property, it may be possible to charge the regular (i.e. permanent) monthly rent for just a one-week holiday stay. Leasing your property for only 12 weeks a year as a holiday rental could potentially generate the same investment 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,” says Scoppa.
Currently, the top 5 destinations by monetary return per listing are:
1. Noosa, QLD
2. Busselton, WA
3. Yorke Peninsula, SA
4. Cessnock, NSW
5. Central Coast, NSW
How does Stayz help?
Property owners who register with Stayz get access to everything they need to rent their property for the first time, including:
• An exclusive set of tools to optimise pricing, bookings and communication
• Educational materials on how to market to high-quality travellers
• $1M Liability Insurance cover for bookings accepted on the platform
• 24/7 customer support
“We also have a number of features to give property owners assurance around their guests,” says Scoppa. “Before making a booking, travellers have to accept the House Rules of the property – that gives you the option to include clauses like no parties, or noise after 10pm. Rental agreements can be signed and damage deposits are taken.”
Traveller profiles are available for owners to view, and guests are rated on their behaviour after staying in a property. The vast majority of bookings through Stayz come from families that are looking for a relaxing getaway. Additionally, in comparison to other short-term rental websites, bookings through Stayz are made further in advance and for more nights.
This article is an extract from Your Investment Property written by Tom Goodwin
Property Friends is a specialist Property Investment Advocacy that has been operating for the last 13 years on the basis of 3 principles: Trust, Community & Progress. www.propertyfriends.com.au (03) 9758 5331