Short-term rentals have seen growing popularity over the past few years and there’s never been a better time to invest in the rental market. With domestic travel on the rise, the demand for short-term rentals has simultaneously grown which is great for people looking to invest. The bounce back we’re seeing in the Sydney rental market and opportunities for growth are exactly why 2021 is the time to invest in the short-term rental market.
But where does someone start? Accessing the Australian short-term rental market has traditionally been an expensive and difficult exercise. These are the best ways to set yourself up for success whether you’re fresh to the market or a seasoned professional.
1. Improve your listing
How do you get the competitive edge in a growing rental market? It starts with a great listing. Showcasing your property’s best assets, putting your guest’s needs and comforts first and getting positive guest reviews all help you stand out from the growing competition.
For more, read our top tips for maximising your rental listing.
2. Stay flexible
The first question you may have when investing in a property is whether you should list for short or long-term rental. And while short-term rentals are showing great promise in 2021, that is not to discount the many benefits of long-term rentals. In fact, based on your situation, being flexible enough to appeal to both long and short-term rentals could help you stay profitable in an ever-changing industry.
That’s why with Guest Realty, no strategy is the same for our property owners. We create bespoke plans for you and your needs so you are getting the most out of your property. With our expert knowledge of the industry and everything Sydney, we’re able to help you maximise your returns and adapt to the market.
3. Use technology to your advantage
A key part of Guest Realty’s success in short-term property management has been in our unique approach to work with both guests and property owns. This end-to-end service means property owners that list with us are profitable from day one.
And over the years, this system has had proven success, helping our clients double their rental returns without any of the hassle. And a big part of how we’re able to manage that is by partnering with Australia’s leading technology partners.
We have created a simple, low-risk and cost-effective model that provides property owners and real estate agents with the knowledge, tools and strategies required to take advantage of this lucrative market. We have removed the barriers prohibiting property managers from taking advantage of the industry. And we want to share that with you.
So whether you’re completely new to the market or a real estate agency wanting to up level your game, Guest Realty can help. Book a call with us now to see how you can make the most of the Sydney short-term rental market now.