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Short Term Renting typically focuses on residential properties by renting the property on a short term basis (i.e. daily, weekly, or monthly) to guest that needs short stay.
We have two different pricing model that manage to suit majority of property owners. Porperty owner needs to decide on either one pricing model to start working with us.
First option is paying 15% fixed rate on the monthly gross revenue collected from from guests. Gross revenue means excluding expenses such as utilities expenses, laundry, restocking of toiletries and etc.
Second option is 70/30 percent profit sharing between property owner and BeYourHost.com. Property owner will benefit 70% of the net revenue collected from guests. While BeYourHost.com will get a cut of 30% from net revenue collect from guests. For this option, both property owner and BeYourHost.com will share all expenses related to the short term rental program. Profit sharing is based on the amount after deduction of all expenses.
Kindly refer to Pricing section for more information or contact us should you need further assistance.
BeYourHost.com takes the work out of renting your home or apartment to short term rental guest. We handle guest enquiry, guest booking, key exchange, cleaning after each check-out, repair and maintenance of property, and all kind of guest support during and after stay. Basically BeYourHost.com will provide end to end serivces needed to rent out your property as short term rental basis.
Anyone who wants to rent their residential property to make supplementary income.
If you are property owner in any of above situations then we are perfectly partner up to ensure your property is generating income for you without hassel.
The amount of rental that can be made with your short term rental property varies on many factors. It needs professional market research and anlaysis to have an better estimation on the rental can be made from your property. Just submit your property details to us and schedule a meeting, our manager will provide a simplified financial report to project on your property's short term rental.
Definately yes. In fact you do not need to have user account with any of third party online short term platforms (HomeAway, Booking.com, Airbnb). Your property will leverage on our account to gain market exposure to acquire guests. Using our account instead is always the best solution for you since we have very strong profile on most of the third party online short term platforms. By using our account, we can maximize occupancy of your property.
Yes, this is possible with slightly higher management fee. It will involve more administrative work for us to separately manage your account and listing. We are able to charge such a minimum management fee because we centralise the listing of all property in our high profile account.
We suggest you list your property on our existing account so your property will be able to leverage on the strength of our account. It is for the huge benefits of property owner to use our account.
At the end of each month, BeYourHost will provide a softcopy report summarizing number of occupied days and all relevant expenses resulting on total profit of the month. Payment will be made to property owner according to the report before 5th of each calendar month.
Kindly contact us for a sample report.
The minimum contract period is three months. According to the industry practice, three months contact is common for short term rental engagement with the property manager. From our real life experience, each property will need about three months to build up it's booking pipeline. Hence contract shorter than three months is not very effective. So far most of our property owners happy with six months to twelve months contract. Let us know if you have any concerns on three months contract and we are open for discussion.
BeYourHost.com Data Analytics Team has engineered a pricing algorithm that takes into account factors like, number of bedrooms, historical pricing data, and current neighborhood prices to adjust your nightly rates and maximize your revenue per booking. In addition, BeYourHost.com uses a dynamic pricing strategy to fill any open dates or last minute cancellations and ensure your place is always booked.
We make sure that guests are verified with the booking platform and have positive reviews. If a guest doesn’t have enough reviews we will have phone interview to ensure they are genuine and responsible guest. Other than that, BeYourHost.com will collect security deposit from guest during booking.