{"id":20476,"date":"2018-03-14T01:00:43","date_gmt":"2018-03-13T14:00:43","guid":{"rendered":"https:\/\/www.realestatetalk.com.au\/?p=20476"},"modified":"2018-03-14T01:00:43","modified_gmt":"2018-03-13T14:00:43","slug":"airbnb-made-easy","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/airbnb-made-easy\/","title":{"rendered":"Airbnb Made Easy"},"content":{"rendered":"<p>Like many top-notch ideas, the MadeComfy concept was conceived when co-founder Quirin Schwaighofer spotted a niche in the market as a result of his own experience.<br \/>\nIt was back in 2014 when he was travelling overseas. He had rented out his apartment in Sydney\u2019s Cremorne Point on Airbnb, and realised\u00a0that in order to maximise his returns and deliver his guests a five-star experience, he needed local support to manage his bookings.<br \/>\n<img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/au.res.keymedia.com\/files\/image\/airbnb%281%29.JPG?w=1060&#038;ssl=1\" alt=\"\" \/><br \/>\nIt was upon Schwaighofer\u2019s return that he partnered with co-founder Sabrina Bethunin to create MadeComfy, a property management business designed to help landlords leverage the opportunity to profit from holidaymakers.<br \/>\n\u201cWe\u2019ve been operating for two and a half years now in the shorter-rental space, and we are still working with the owners that started with us very early on, because we\u2019ve been able to overdeliver on our forecasts and exceed their expectations,\u201d he says.<br \/>\n\u201cQuite a few of our property owners have been acquiring additional properties in that time, simply because, from a cash \ufb02 ow POV, they are able to do that. And we\u2019ve been helping them to identify the properties that are suitable for short-term renting.\u201d<br \/>\n<img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/au.res.keymedia.com\/files\/image\/airbnb2.JPG?w=1060&#038;ssl=1\" alt=\"\" \/><br \/>\nSchwaighofer says the short-term rental space is attracting more landlords, who are trying to combat stagnating rental growth.<br \/>\n\u201cIt is becoming more difficult to find long-term tenants who are able to pay the required rent to cover the mortgage payments, and the increase in the supply of apartments doesn\u2019t help. In Melbourne especially, there\u2019ve been a lot of high-rise buildings being built over the last couple of years, or that are coming up,\u201d he says.<br \/>\n\u201cThat\u2019s where we come in with our model, to\u00a0provide an alternative to the conventional rental concept. We help landlords achieve a higher return \u2026 and also, you won\u2019t have a month where you have no one in there, where you can\u2019t find a tenant. With our Airbnb strategy, you might have one or two days in between bookings, but you won\u2019t have your apartment empty for a month.\u201d<br \/>\nSo, how does Schwaighofer generate such high returns for his clients?<br \/>\n<img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/au.res.keymedia.com\/files\/image\/airbnb3.JPG?w=1060&#038;ssl=1\" alt=\"\" \/><br \/>\nIt is MadeComfy\u2019s clear approach to managing these types of rentals that sets the business apart. For instance, Schwaighofer points out that \u201cnot every property is suitable for short-term letting\u201d.<br \/>\n\u201cYou need to understand the location and the type of property suitable for short term. At the same time, in some buildings you don\u2019t get a good long-term rent. The properties are all identical, and it\u2019s difficult to differentiate \u2013 you don\u2019t have views, you don\u2019t have a carpark, you don\u2019t have a balcony,\u201d he says.<br \/>\n\u201cThese are things that maybe a long-term tenant wants to have, but for short-term tenants it doesn\u2019t matter \u2013 they don\u2019t need a car park; they don\u2019t need a view. They want to stay somewhere that\u2019s nice, warm and homely, and cheaper than a hotel.\u201d<br \/>\nFor landlords who are keen to leverage a short-term letting strategy, Schwaighofer says once you are clear that your property does suit the holidaymakers rental market, you need to optimise its potential. This could include a quick spruce-up with paint, newer furniture, or perhaps additional amenities such as ceiling fans\u00a0or heating.<br \/>\nWhen your rental is up and running and attracting regular tenants, maintaining it to a high standard is also crucial.<br \/>\n\u201cIt is important that you manage your property well. That means you need to have someone look after it \u2013 to be in there regularly to do inspections, to check the guests and to clean it after every booking. At MadeComfy we also make it a point to act on maintenance straight away, so the condition of the property is maintained and guests end up leaving great reviews. Furthermore, our hosts can rest assured that they are complying with the rules and regulations\u00a0of short-term letting, aligning with building communities and neighbours,\u201d Schwaighofer says.<br \/>\nThis hands-on strategy has meant MadeComfy can help its clients enjoy stronger returns than the average Airbnb host, he adds.<br \/>\n\u201cIt\u2019s one thing to follow Airbnb\u2019s pricing strategy, but what we\u2019ve seen is that you can achieve 40% or more than Airbnb is recommending,\u201d he says.<br \/>\n\u201cOne thing we do to help achieve this is to set prices every night to maximise the return. We have a data analytics team here that collects data on traveller requests and available properties, so we compare demand and supply. Then we predict how likely it is for a property to get a booking at price X. That enables us to achieve higher nightly rates and higher occupancy rates than others, because our rates are created by algorithms, and machine learning will always be better than rates set by just humans.\u201d<br \/>\nHe adds: \u201cAirbnb is a market designed for amateurs, but with more and more listings coming up \u2013 Melbourne has around 16,000 listings, around double last year\u2019s \u2013 you have to be smarter than others.\u201d<br \/>\n&nbsp;<br \/>\n<a href=\"https:\/\/www.yourinvestmentpropertymag.com.au\/property-management\/airbnb-made-easy-246601.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Originally published at : https:\/\/www.yourinvestmentpropertymag.com.au\/property-management\/airbnb-made-easy-246601.aspx<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Like many top-notch ideas, the MadeComfy concept was conceived when co-founder Quirin Schwaighofer spotted a niche in the market as a result of his own experience. It was back in 2014 when he was travelling overseas. He had rented out his apartment in Sydney\u2019s Cremorne&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":20477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,25,31],"tags":[70],"class_list":["post-20476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-story","category-sponsored-channels","category-your-investment-property","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Airbnb Made Easy - 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\/airbnb-made-easy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Airbnb Made Easy - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"Like many top-notch ideas, the MadeComfy concept was conceived when co-founder Quirin Schwaighofer spotted a niche in the market as a result of his own experience. 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