Property owners often look to holiday rental as a means of achieving the best results for their property. The question remains somewhat of a personal preference, and something of a return on investment dilemma. Typically holiday letting should be considered in high tourist traffic flow areas for which the Gold Coast is well suited. Properties suited to holiday rental will also tend to have added facilities and be fully self-contained, professionally cleaned and managed for guests ease of use.
If the mix is right holiday letting will tend to provide a higher return, albeit returns may fluctuate due to changing climatic seasons and holiday periods. Good management and sound holiday marketing knowledge will help to deliver the best results. Coupled with service delivery by a customer oriented property manager will ensure the additional rewards available through holiday rental can be achieved.
Costs associated with holiday rental also have to be considered. Following each guest stay a clean will be required. Depending on the size of the property the cost may vary. We can provide you with an estimate. Regular professional cleaning will result in more return bookings, guest referrals, and reduce the wear and tear of a property. Crockery, cutlery, glassware, even linen that will all have to be attended to at each clean. You may wish to offer mid stay cleaning to your guests for stays of 8 nights or more – ultimately this will reduce the cost of the final clean as well as enabling you to monitor the property during guest stays.
Many properties will seek to add services such as Foxtel and broadband internet access as part of the rental package. These fixed costs services can ultimately be included in a higher nightly rate as well as higher occupancy. You may also need to consider council rates and if your insurance cover is adequate.
You’ve worked hard to own a property in a holiday location. Owner stays are not only tax deductible as you inspect your investment but also a welcome break and will become a family tradition. Work with a holiday rental property manager who understands this and will work with you to keep your property available when you wish to use it.
With almost 10 years in holiday rentals we have ample experience to successfully manage your property. We understand the owners and guests and are able to tailor a management service to suit your particular circumstances. As an independent property management business we would be happy to discuss how we may be able to assist with the management of your property. We are fully licensed and manage a trust account of over $300K per month. We offer a full service package
Our marketing package includes:
- Copywriting across listing channels.
- Monthly review of content on all channels to ensure accuracy.
- Revenue management of rates and occupancy to ensure optimum return.
- Listing and management of availability and pricing.
- Electronic and telephonic management of direct bookings.
Third party portals include but are not limited to:
- Trip Advisor
- Beach House Holidays Gold Coast
If you are considering holiday letting contact our office to discuss your circumstances