When you partner with BnB Hosts, you work with STR property investment professionals who will help manage your property. It’s a three-step process that will lead to a successful short-term rental business.
Step 1
Property Assessment
Before you start your Short Term Rental journey, we recommend having your property evaluated first. Our experts will help you achieve a suitable pricing strategy for your home. It is not an easy feat, especially if you are a beginner.
The advertising platforms have their own estimator but it is not detailed and is always wayyyy to low. Your goal is to make astute investments and educated decisions. In this case, all potential costs come into play. These costs include furnishing, facilities, and other extras that you may want to offer to your guests such as an Internet connection, Netflix etc.
You want to make sure you count everything in. When you run a fully-furnished home and turn it into your business, it can get expensive (But get you extra high returns quickly). Therefore, you have to get in all your expenses when you calculate the complete costs.
There are also other things to consider. It is not wise to leave out house price appreciation. Purchasing any real estate property involves attention to the trajectory of prices. Although forecasts over the next few months to a year are not easy to make, our experts understand the movement of the prices over the past years. We can help you utilise the information in making the correct decision.
Lastly, you need to understand the precise expected returns out of your investment. After thorough research, we record the data and we run all the numbers for assessment. Then, we derive certain metrics to let you know how much you can earn within a given period.
This first step involves you making the initial enquiry. You can complete our form and a property manager will contact you to get more information about your house. The next step now is to have your home appraised where we will provide you an accurate estimate of the profits you can receive.
Step 2
Photography and Marketing
Once you have your property in order, it is time to put it out there. It is not easy to market your home, especially with dozens of competitors that already exist. Lucky the demand outstips the properties available on the STR market and we know how to get you found FIRST. At BnB Hosts we have you covered in every way. We advertise across ALL platforms such as AirBnB, Booking.com, Expedia, Agoda, VRBO, Stayz and more. We also understand the “Algorithm” on each platform which means page 1 listings and more people seeing and booking your property.
However, with the right marketing techniques, you can target new and old guests. BnB Hosts has been working in the hospitality industry for a long time. During these years, our pros have acquired the knowledge and strategies that will allow you to get booked immediately.
From taking high-quality pictures to advertising your property, we are the experts you can turn to. There are three key ingredients to successful photography: lighting, composition, and cleanliness. Our experienced photographers will not only take striking photos but will also set up your entire listing.
As a host and a property owner, you know the importance of great pictures. They are a representation of what your home is like both on the inside and the outside. “A picture is worth a thousand words,” as they say. Your marketing photos should be effective to inspire people to click on your listing and book.
We take photography seriously and we make sure your pictures, once uploaded, will sell.
Step 3
Start Earning
With everything set, you can begin making profits out of your property. It does not end here though since a short term rental requires lots of legwork. There is still a constant need to market the unit. Plus, you should respond to enquiries without delay. Someone has to be ready to meet the demands of your guests. BnB Hosts are on it 24/7 for you.
When the bookings come rolling in, your main objective is to divide your time wisely. It can be difficult to manage more than one property for the average host without software, systems, technology and a great team. It is, therefore, crucial to automate the tasks as much as you can. This is where BnB Hosts shine. Our property management services include everything you will ever need to keep your bookings going smoothly.
BnB Hosts delivers a complete line of services so we take over the short-term rental procedure for you. You will have a dedicated property manager who will work with you. We will also take care of listing optimisation, along with property photography. We provide rental price guidance and evaluation. Finally, we provide all booking requests communication and qualifying only the best guests, check-ins and check-outs, housekeeping, guest needs and maintenance of the property. We then pay the owner at the start of each month.
If there are problems, we have 24/7 support lines that will handle the issues relating to your rental business. We also have a specific insurance policy through our underwriter that we also recommend owners take on to cover themselves specifically on the basis of short term letting. It is fast, easy and affordable. Please reach out to BnB Hosts to receive an introduction to our insurance agency.
And of course owners have access to our bookings calendar through their own special portal to make sure they can book their own stays at the property when needed.
Contact us
If you have a question or would like further information, fill out the contact form and we’ll get back to you within 24 hours.
Alternatively, please call us on 1300 271 427 for instant service.