A short-term rental strategy has your home occupied only for as much time of the year as you choose. You have complete flexibility on how much your property is used.
A desirable characteristic of opting for short-term letting is that you should achieve better rental incomes and can expect between quarter if not double the annual returns you would see on a long term tenancy rental agreement. With a short-term rental strategy, you can take advantage of seasonal demand and optimise on peak-season pricing with your short-term tenants.
Coupling the maximum rental income achieved at peak times with L’Abode’s policy of matching your management fees to the length of stay you secure, your overall income is expected to exceed that of a traditional lease. Guests are not locked into a residential tenancy agreement so any troubles and guests can be ousted unlike a tenant that is locked into a tenancy agreement where a tribunal application would be required in order to evict a tenant.
Short-term letting is a great strategy to adopt especially if you own a home in a scenic spot where the tourist population is high, and you only want to use your home occasionally throughout the year or this is your investment property and you want to maximise returns.
We’ve been in the private rental business for over ten years and know exactly what it takes to keep our VIP clients happy for a longer stay.