Listing your property as a holiday rental- Some tips from RealRenta

Listing your property as a holiday rental can be a great way to increase your rental yield, as it may be possible, to charge the regular monthly rent for a one week holiday stay, depending on your location.

Leasing your property for say 12 weeks a year as a holiday rental, would generate the same return on investment, as a permanent tenant and additional weeks, will simply increase your return.


Here are some tips from RealRenta if you decide to rent your property as a holiday rental:

·        Familiarise yourself with privacy guidelines with regards to screening prospective guests, asking questions and collecting personal information.

·        Confirm the rental agreement in writing to your guests and include emergency and repair instructions and information on departure

·        You can request a refundable damage deposit to protect you from damage and premature departure

·        Do an inspection of the property before guests arrive and provide them with a copy of the report and advise them that they are responsible for negligent damage

·        Check to see if your local council requires you to seek approval for short term leasing

·         If you don’t have an ABN you will need to set one up

·         Consider installing s keyless lock for easy access to your property

·         Ensure you have enough furniture, beds, cutlery, crockery, a kettle and toaster.

·         Provide linen and towels and pillows (you may want to charge for linen as an optional extra)

·         Providing entertainment like Cable TV will help attract guests

·         Take any of your personal valuables out of the property

·         Take high quality photos of the exterior, kitchen, living room, main bedroom, additional bedrooms and the outlook

·         Look at similar holiday rentals in your area to determine the right price

·         Consider having a "peak” and "off peak rate” and whether or not you want a minimum night stay

·         Determine what your deposit amount will be (generally 20%)

·        Ensure that your guests are aware of your cancellation policy, general terms & conditions, check in and check- out times, total amount due, policies on pets and smoking.

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Marlene Liontis
Tuesday, 27 August 2019

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