Have you tried Airbnb?
By Geoff Doidge
I have a 2 bedroom, 1 bathroom, fully furnished apartment, which 3 years ago rented for $460pw.
It had been sitting on the web with my gumtree ad for 3 weeks at $420pw and with the agent at $460pw and no calls.
As an experiment, on a Monday I put it on www.airbnb.com.au and what do you know, the tenant moved in on Thursday for 7 nights and I netted from Airbnb $619.
But that’s not all…
I turned down another person lined up for the same period, plus I turned down someone else who enquired for a shorter period. The great thing is, at the time, it was still available for long term rental as most people wanted 1 to 2 weeks before they move in.
For the ‘active’ DIY rental owner this could be the answer to those ‘dead spots’ between rentals and for a cash strapped home owner it would be a good way to pay off the mortgage!
It’s early days yet and this was my first one but I will tell you how it goes!
If you need to rethink and refresh your strategies, join Paul, Geoff and Justin for our On the Buses Tour of Brisbane. Learn from 15 in depth case studies plus 10 more bonus examples. Many of these examples show you how you can use multiple strategies on one property to get unbelievable results.