Cash Flow From Short Term Rentals: Maximise Vacation and Holiday Rentals

Learn how to find, set up, and manage a successful vacation, Airbnb , short-term or holiday rental from some who has had over 20 years of experience. Anthony has owned and operated rentals from budget to ultra high end . The advantages are many if done properly. Read this book to streamline your success and avoid the pitfalls that could hold you back.

• Language: English
• Publisher: Publishdrive
• Release date: Oct 12, 2021
• ISBN: 9781626755482

Book preview

Forward.

I had moved in the 90’s to Byron Bay on the north coast of NSW, Australia, a popular holiday destination .I bought a large five-bedroom house in Marvel Street, right in town but not on the beach. I desperately needed to make some money from the house and also wanted to be able to use it during the times I was in town. I had a good look around at the other holiday letting houses and apartments in town and was amazed by the lack of quality that they provided. Most had very ordinary furniture, poor quality beds, very basic kitchen equipment, no stereo and a tiny TV. They always looked like the owners were frightened that everything was going to be stolen.

I spoke to a couple of agents who said that my house was too far out of town. It was only 300 metres from the beach and was a lot bigger than most of the beach front houses, so I felt that if I did the right thing with the house I would get bookings.

I took a leap of faith and started to renovate ready for letting. I installed all the things that I thought people would enjoy: great beds, nice furnishings, and artwork, a big TV, BOSE stereo, great BBQ. The list went on.

Above: My hand done brochure for my first holiday let house, technology has moved since then!

It was ready to let about five weeks before the peak season of Christmas, so I ran an advertisement in a Sydney paper (no internet back then!) and within days I had a three-week booking at $1750 per week. Way over the $350 per week the agents had advised me that I could get. As it turned out the size of the house was its big selling point. This was my point of difference in a market dominated by mostly two bedroom units, which were not suitable for an extended family. Within the next few weeks I had booked ten more weeks!

Once this rent was set, I adjusted it up and down for the various seasons and I was up and running in my new business. I really guessed at the rate to charge, if there were few enquiries – I dropped the rate.

My friend’s said they all dreamed of owning a second home on the beach, in the snow or a rural property. But of course the dream was great but had to be paid for.

The list of benefits can add up to the perfect investment for a young family or an older baby boomer couple. Just choose the location, the beach, a golf course, on a lake, in the city, in the snow or a rural setting. Short-term rentals can earn more total rent than a permanent letting and experience has shown me that the property is maintained to a higher standard.

Costs can be tax deductable and quiet often the properties can