Short-term guests can be handy for certain types of property. Cleanliness is very important in terms of getting good reviews.” “Between stays the property must be perfect. A single hair left in the bathtub between guests can lead to a negative review – and Airbnbs live or die on their reviews, says Stefan Nikolic, who runs Zodiak, a property management company just for short-term rentals. Landlords who have turned their properties into short-term rentals can double their net yield from, say, 2 per cent to 4 per cent, depending on their location, says Matthew Harris, managing director of Lighthouse Financial.īut short-term rentals may not always be a licence to print money.
And short-term guests are often a lot lighter on a property than regular tenants. There’s money to be made from hosting guests in Airbnbs.
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