The Elephant in the Room
The Elephant In The Room Property Podcast with Veronica Morgan & Chris Bates

Episodes

Episode 21 | What sort of property makes the best short term rental? | Quirin Schwaighofer, Made Comfy

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Will legislation make or break Airbnb in Australia?

Quirin Schwaighofer, COO of Made Comfy is extremely positive about the future of the short term rental market although he's also very clear about the elements required for success. Here's what you'll learn:

  • The type of property that lends itself to short term rental and the types of owners that are most suitable hosts.
  • The attention to detail required to delight short term guests.
  • The difference an X-factor can make to profit and what makes Australia’s best studio apartment so special.
  • Renting out a room versus making the whole property available for guests.
  • The impact of new legislation on short term rentals in NSW and how the 180 night limit will change things.
  • Holiday houses and what works and doesn’t work for Airbnb.
  • The complexity of managing short term rental pricing and the optimum occupancy rate.
  • The myriad of risks and how to mitigate them.
  • Lifestyle versus investment decisions and why they need to be separated.
  • The real impact of Airbnb on the long term rental market in different cities.

    The message is loud and clear in this episode: short term rental is an investment strategy that carries a lot of risk and careful planning is required to get it right. This podcast is a great place to start!

Links:

Made Comfy Australia short term rental report 2018

Made Comfy free short term rental pricing analysis tool

Made Comfy overview of NSW short term rental legislation

Veronica's 14 things to consider before buying a holiday home

Veronica Morgan