Short-Stay Leasing with Guested Property Management: Case Study
Wondering what it’s like to list your rental property as a short stay rental and where to even start? It can be a little overwhelming, but with a team of experts behind you, it is much easier to navigate.
But don’t take our word for it! Guy F and Michael D from Braddon have listed their property with Guested, Independent Property Group’s short stay property management service, and here’s what they have to say about their experience.
What made you consider short stay for your property?
We were just exploring different options and enquired with Guested to get some more information. When we met with the team, they really sought to understand what we were trying to achieve and presented a great portfolio of different options, both traditional leasing and short stay.
Once we saw the pricing and found out that the cleaning and management was all included with short stay, we just had to jump at the opportunity.
How was the process for getting your property ready for short stay?
The process to set up the apartment was very easy. Our team at Guested provided us with all of the requirements that were needed to be in the apartment and guided us through every step.
How have you found the service from Guested?
The communication from Guested has been excellent. Our questions are always attended to quickly and if we require anything to be completed at the apartment, being that we are 250km away, our client relationship manager has acted swiftly and gone above and beyond to get things done.
What are the benefits of short stay to you personally?
There are multiple benefits of a short stay arrangement. Firstly, the ability to be able to block out dates for an owner stay, which is just so convenient when we are coming into town or we have family visiting.
Secondly, the management and cleaning is completed seamlessly, and it is entirely stress free for us as owners.
Then, of course, there is the benefit of high returns each month versus a standard rental agreement.
And finally, having a dashboard so that we can manage and view our bookings allows us to track in real-time the performance and returns we can achieve.
Would you recommend this to other property owners?
We have already recommended guested to friends of ours and will continue to do so! Their personalised approach to our particular situation and the care they take with our property is second to none.
Why do you think short stay is a good option for homeowners?
I think the major benefit of having a short stay for homeowners is that you have the flexibility to be able to return to your property whenever you like. This also gives you the option to add additional things within your property and maximise your returns.
What results have you seen so far?
We have been with Guested since January 2022 and have seen significant returns month on month. This has allowed us to build on our returns with upgrades to the apartment and the returns cover the expenses of the property, allowing us further financial freedoms.
What are your future property goals?
We are looking at maintaining our short-stay arrangement and this will allow us to look at buying another property, knowing we have the security of great returns and that our team at Guested will keep our property in top shape.
If you are interested in exploring whether short stay is the best option for your property, get in touch with the team at Independent Property Group today for an obligation-free chat about different options.