{"id":13901,"date":"2017-09-11T01:00:34","date_gmt":"2017-09-10T15:00:34","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=13901"},"modified":"2017-09-11T01:00:34","modified_gmt":"2017-09-10T15:00:34","slug":"how-to-improve-on-airbnb-returns-bessie-yin","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/how-to-improve-on-airbnb-returns-bessie-yin\/","title":{"rendered":"How to improve on Airbnb returns &#8211; Bessie Yin"},"content":{"rendered":"<p>&nbsp;<br \/>\nThe Airbnb revolution is growing.\u00a0 Reports are coming in of incredible returns, lower vacancies and happy renters and owners.\u00a0 Now there is a company that sits in between Airbnb and the property owner to make the process totally hassle free and even create better returns.\u00a0\u00a0 We talk to one very happy investor who discovered Made Comfy.<br \/>\n<strong>Transcript :<\/strong><br \/>\n<strong>Kevin:<\/strong>\u00a0 As investors chase better returns on their investment properties \u2013 and why wouldn\u2019t they? \u2013 it naturally raises the question of short-term stay. I guess when we talk about that, we\u2019ve heard stories of disruptors and so on and how Airbnb is disrupting the industry around the world. But I have to say that they\u2019re offering some pretty good returns.<br \/>\nIn our association with <em>Your Investment Property<\/em>, we undertook an exercise recently and looked around at how dynamic that improvement in return can be, and we came across a company called Made Comfy.<br \/>\nMade Comfy sits between you, as the property owner, and Airbnb to manage that process for you because generally, they found that people who invest in property are quite busy, they don\u2019t have the time to devote that it takes to make sure that the tenant is right, that it\u2019s checked, and that the property is okay.<br \/>\nAs part of that process of looking into Made Comfy, we came across a person who has actually used Made Comfy quite successfully, <strong>Bessie Yin<\/strong>. I caught up with Bessie to find out from her just how successful it\u2019s been.<br \/>\nBessie, thank you very much for joining us. How did the idea come about for you to actually work with Made Comfy and Airbnb?<br \/>\n<strong>Bessie:<\/strong>\u00a0 In September 2016, I started to look for an Airbnb agency online. I searched in Google, and I found two or three agencies listed on that. I called them up one by one, and at the end, I felt that Made Comfy is the one. It\u2019s very professional. It has a bit of knowledge and experience in this short-term lease market.<br \/>\n<strong>Kevin:<\/strong>\u00a0 I understand they also helped you with finding the right area to invest short-term in. Is that right?<br \/>\n<strong>Bessie:<\/strong>\u00a0 After the first one, I was talking to them about maybe I want to try again. The sales manager, Julian, recommended a few best-selling properties in the Airbnb market.<br \/>\n<strong>Kevin:<\/strong>\u00a0 How important is it for people to check with their body corporate to make sure that they\u2019re allowed to do this?<br \/>\n<strong>Bessie:<\/strong>\u00a0 Yes, it is very important to check with body corporate first.<br \/>\n<strong>Kevin:<\/strong>\u00a0 Tell me when you first struck the relationship with Made Comfy, what was your expectation about occupancy?<br \/>\n<strong>Bessie:<\/strong>\u00a0 I was thinking probably around 70%, and then the first few months, it\u2019s really almost fully booked, so it came as a very happy surprise.<br \/>\n<strong>Kevin:<\/strong>\u00a0 Just harking back on something we said earlier is that Made Comfy can actually help you work out where, if you want to build your portfolio, that you can get the best short-term return as well.<br \/>\n<strong>Bessie:<\/strong>\u00a0 I felt that they were a great help in terms of finding a good suburb to do a short-term lease. Also, they have provided me some advice in terms of how to boost up the booking rates and how to give a better experience for the guest. Yes, I\u2019m pretty happy with them.<br \/>\n<strong>Kevin:<\/strong>\u00a0 Good on you, Bessie. Thank you so much for your time, and great talking to you.<br \/>\n<strong>Bessie:<\/strong>\u00a0 Thank you, Kevin.<br \/>\n<strong>Kevin:<\/strong>\u00a0 I think for any investor who is looking to get a better return for their property, this is something you should look into.<br \/>\nWe\u2019ve produced a special podcast where we talk to Bessie as we did there. We also talk to the operators behind Made Comfy, what it\u2019s all about, and we\u2019ve delivered that as a special podcast, which you can see now on the site. Just simply go to <em>Your Investment Property<\/em>, their channel.<br \/>\nWe\u2019ve also made it a little bit easier for you by putting a link inside the transcript for this interview, so just scroll down. You\u2019ll see the link there. That\u2019ll take you straight to the podcast. It\u2019s also on the website for <em>Your Investment Property<\/em> as well.<br \/>\nI strongly suggest you have a look at that because it might be a way for you to make better returns from your investment property.<br \/>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The Airbnb revolution is growing.\u00a0 Reports are coming in of incredible returns, lower vacancies and happy renters and owners.\u00a0 Now there is a company that sits in between Airbnb and the property owner to make the process totally hassle free and even create better&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":14736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,34,13,36,25,31],"tags":[101],"class_list":["post-13901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","category-finance-topic","category-latest-story","category-property-investment-topic","category-sponsored-channels","category-your-investment-property","tag-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to improve on Airbnb returns - Bessie Yin - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/how-to-improve-on-airbnb-returns-bessie-yin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to improve on Airbnb returns - Bessie Yin - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"&nbsp; The Airbnb revolution is growing.\u00a0 Reports are coming in of incredible returns, lower vacancies and happy renters and owners.\u00a0 Now there is a company that sits in between Airbnb and the property owner to make the process totally hassle free and even create better...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/how-to-improve-on-airbnb-returns-bessie-yin\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-10T15:00:34+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/how-to-improve-on-airbnb-returns-bessie-yin\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/how-to-improve-on-airbnb-returns-bessie-yin\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"How to improve on Airbnb returns &#8211; 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