The case study involves a 2 bedroom apartment in Sydney’s urban Eastern suburbs, with two bathrooms and one parking space. The apartment is part of a new style development and the property has city views. The property is a vibrant place and has easy access to cafes, shopping and a cool coastal vibe.
It is available for 48 weeks of the year. There is no mortgage over this property and returns have been significant.
The graph below shows the gross monthly comparison between an unfurnished estimated long term rental and the actual executive leasing return managed by Hotelesque.
Total rent paid Feb 2016 to January 2017: $83,408.00
Total guests over past 12 months: 8
Average nightly rate: $325
Average night stay per guest: 32
Annual occupancy: 80 %
Unfurnished estimated total rent for 12 months: $51,621.43
Please note: These results reflect gross returns excluding management fees and other costs such as wifi, Foxtel, and utilities etc . Also this does not take into account the positive impact of depreciation or tax deductions. Always refer your accountant or financial planner to confirm a complete financial position.
Stella and Henry
$83,408.00
11 months
80%
4.40 %
Living interstate, we really need to trust our property is being well cared for, and we love coming home to see it in ship shape. Even if we arrive with little warning, the place looks perfect after guests. We feel like Hotelesque are as much about the return as they are about choosing the right guest. Knowing our home is being looked after and that we can still visit when we wish makes it a really worthwhile investment, with some great lifestyle bonuses, and enables us to lead the life we want.
Hotelesque owners get a significantly higher return on their properties compared to other home hotel operators. And they get peace of mind with our award winning team managing it.