Short Stay rental management (3 months)

Discussion in 'Property Management' started by icic, 15th Feb, 2018.

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  1. icic

    icic Well-Known Member

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    Hi all, I am contemplating a 2-3 months holiday break between jobs to do a bit of travelling overseas. I want to rent out my furnished apartment for just that period to help out the travel expenses. I am not sure about Airbnb as it has a very high turnover and I prefer to have just one tenant if possible or at most no more than 1 per month throughout the 3 months . Does anyone knows any particular management service that will manage this type of rental?
     
  2. Ted Varrick

    Ted Varrick Well-Known Member

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    Might be work checking with your strata manager re: any short term let by-laws that are in place.
     
  3. Gockie

    Gockie Problem solver Premium Member

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    I think existing short term let hosts would be interested in taking it on. Perhaps not me, but i'm sure there will be other people interested.
     
  4. Paul@PFI

    [email protected] Tax Accounting + SMSF Business Plus Member

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    Depends where. Abnb good for cities near transport. Stayz. Agent....
     
  5. JDM

    JDM Property & Conveyancing Lawyer Business Member

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    Check your strata by-laws and town planning restrictions first.

    AirBnB/Stayz would be the main avenues for short term letting, however you will find some of the local real estate agents will also manage holiday lettings.
     
  6. splatters

    splatters Well-Known Member

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    Whereabouts is your apartment?
     
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    Have you considered an executive rental?
     
  8. icic

    icic Well-Known Member

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    Thanks for the replies guys

    Do you mean Airbnb let hosts outsourcing? I we have a brief look into it and it's fairly expensive for the service.

    We have people do AirBNB and no one is complaining, I doubt if it will cause any issues if we do a short term lease.

    Redfern just 3kms from the CBD and 5 min walk to Station close to cafes and restaurants.

    no, not sure how it works and which to use, any recommendations?

    I am looking at Vacation rentals, short term rentals, villas and apartments - HomeAway from Stayz and it looks ok, will need to investigate a bit more into it.
     
  9. Scott No Mates

    Scott No Mates Well-Known Member

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    Plenty of sites if you google executive rentals
     
  10. Ted Varrick

    Ted Varrick Well-Known Member

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    Fair enough, but should the situation change then the strata committee may start issuing you and/or those other people breach notices, and this process may affect your/their plans down the track...
     
  11. Gockie

    Gockie Problem solver Premium Member

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    It will definitely work in that area because I have one myself.
    You can get other hosts to manage on your behalf... they will take a fairly decent cut, but I think you'll also make good money.
     
  12. chopchop

    chopchop Member

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    I was just looking for someone to manage airbnb rentals and found companies like "hey tom", "made comfy", "and chill", "airsorted", etc.
    They take around 20% of the net profit. I think it's still reasonable compared to if it's just left empty.
     
  13. icic

    icic Well-Known Member

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    good to know! Please let me know how it goes, so if I ever go on a long break, this could be a good option.
     
  14. chopchop

    chopchop Member

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    Unfortunately I just found out that a $8000 permit from the council is required here in the gold coast for short term letting to tourists. So I probably wont have a chance to try them here, I don't want to risk it.
     
    Tom Rivera likes this.