If you are looking to create some wealth for a secure retirement, rental property offers an attractive return on your investment, as you not only receive a good monthly income, the property also appreciates in value as time passes. Of course, location plays an important role and if you are looking to purchase real estate with a view to renting the property out, the property and the location should be desirable.
Property Management Company
Ideally, you would forge an alliance with a local property management company, as they are able to handle every aspect of your rental property, whether you are looking for Airbnb management in Coogee, or anywhere else for that matter. Here are a few of the services that a property management company offers.
- Manage your Airbnb Listing – A management company such as HomeHost will create and maintain your online listings, including Airbnb, Booking.com, Expedia and TripAdvisor, which maximises your exposure to potential tenants.
- Screening Guests – The management company have their own guest screening process, which ensures that only responsible people rent your property. In this day and age, it is vital that you carry out some checks prior to agreeing to a short-term tenancy, in order to ensure that your property is in good hands.
- Cleaning & Preparation – Of course, it is critical that your property is in perfect condition when an Airbnb guest arrives, and this is something your property management provider can see to. Clean towels, bed linen and essential bathroom items are all prepared prior to the guest’s arrival, plus a representative will be at the property to greet the guests when they arrive.
- Greeting Guests – Another essential service carried out by the property management company, when guests arrive and depart, they will be met by a company representative, who ensures that all is well.
- Building Maintenance – Of course, you do need to take good care of your investment, and the property management company have a team of tradesmen who are always available for remedial or repair work.
- Furnishing Advice – The property management provider has an interior design department and they are always happy to advise regarding furnishings, and should you wish to furnish the property, they have trade connections with home staging companies that have quality furniture for sale or lease. Obviously, a fully furnished property is very attractive and you can ask more rental for a house that is fully furnished, ready to move in.
If you join forces with a leading property management company, they can take the strain while you enjoy the rewards of being a landlord.