Should I Renovate?
Here are some glowing examples of how fresh eyes and some simple adjustments can transform your space and make your listing stand out.
Before images
When re-imagining a space it’s helpful to imagine yourself as a potential customer scrolling through your listing.
Ask yourself, what can be improved on in order to have the customer enquire and ultimately make a booking?
The total cost of these minor renovations came in under $2000 and has added enormous value to the property.
The finished result.
Renovated, Styled & Shot by our team.
The finished result.
Renovated, Styled & Shot by our team.
Benefits Of Renting Out Your Sydney Eastern Suburbs Property On Airbnb
As an investor, renting out your property on Airbnb is a smart way to generate extra income. This is especially true in popular tourist destinations such as Bondi in Sydney, where people flock to enjoy the beach and the famous Bondi lifestyle. Here are some benefits of renting out your investment property in Bondi on Airbnb:
Generate Rental Income
One of the most significant benefits of renting out your investment property on Airbnb is the opportunity to generate additional income. With Bondi being such a popular tourist destination, you can charge a premium rate for your property, especially during peak travel seasons. This additional income can help offset the cost of owning the property, cover your mortgage payments, and even provide extra funds for you to invest in other properties.
Flexibility and Control
Another advantage of renting out your investment property on Airbnb is the flexibility and control you have over who stays there and for how long. Unlike traditional long-term rentals, you can set specific check-in and check-out dates, and you can screen potential renters before accepting their bookings. You can also block off dates that you plan to use the property for personal use or maintenance.
Minimal Time and Effort
Thanks to Airbnb's user-friendly platform and extensive marketing reach, renting out your investment property requires minimal time and effort on your part. This is where we can help. You don't have to worry about finding tenants, screening them, or managing the property. We’ll care of all of that for you. All you need to do is work with us in preparing your property for guests and we’ll do the heavy lifting.
Exposure and Marketing:
By listing your investment property on Airbnb, you'll gain exposure to millions of potential renters around the world. Airbnb's marketing efforts are extensive, and your property will be featured in search results, emails, and social media posts to attract renters to your listing. This increased exposure can help us find you renters more quickly and keep your property occupied for longer periods.
Easy Management:
Airbnb makes it easy for us to manage your rental property. You have full visibility over the Airbnb portal and know exactly when your property is occupied.
Renting out your investment property in Sydney’s Eastern Suburbs (or anywhere!) on Airbnb while you're not living there can provide numerous benefits, from generating additional income to minimal effort and exposure to millions of renters worldwide. It's an excellent way to make the most of your investment property while enjoying the flexibility and control that Airbnb offers.
Top 5 Must-Do’s When Renting Out Your Property On Airbnb
If you’re new to the Airbnb/Short term rental game, there is a lot to learn! Think of managing multiple Airbnb’s like running a hotel but with rooms spread across a whole city, country or continent!
As such, it’s important to get a few key things right.
1. Guest Communication
Is your idea of a good time handling dozens of messages from a wide variety of random individuals asking everything from a discount to whether there’s a dishwasher?... I didn’t think so … this is one of the chief reasons to outsource the hell out of nattering away with guests.
Usually as a property owner you are heavily emotionally invested in your property – it’s only natural – but this can come at a cost. Especially, when handling guest complaints from the menial to the serious, so like road-rage, it’s best to steer clear and avoid and let others take the flak.
Be clear, be confident and don’t overthink it. The beauty of your story is that it’s going to continue to evolve and your site can evolve with it. Your goal should be to make it feel right for right now. Later will take care of itself. It always does.
2. Housekeeping
Everyone has a different version of clean. But there’s one thing no one likes, lack of cleanliness. It’s one of the hardest parts of running Airbnb’s to get right but once done correctly (and keys are where they’re supposed to be) everything else often falls into place!
3. Linen
Do not compromise on linen. The minimum expectation of any guest is that they can a) get into the place, b) it’s clean and c) they can have a great night’s sleep in hotel like sheets. That means doona covers, fitted sheet and my preferred bamboo cotton blend sheets.
4. Pricing
You want to make the most moulah out of your property right? Well the best place to start is to price it appropriately. Go too high and you’ll be ignored, go too low and a German backpacker will book New Years Eve in 2022. You need to properly evaluate the pros and cons of your property, do market research and have a pricing strategy in place that takes into consideration seasonal changes, mid-week, weekend and special occasion rates.
5. Keys
This sounds like a stoopid one, but trust me, keys are the single most important consideration you will have for Airbnb. You will need to have a solution that’s available and accessible 24/7 (this is very hard to do legally for apartment buildings), ensure they are actually there when required and have a backup in place s*it hits the fan – hello 3am Uber ride.