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Better still, let them know so there is no issues later. With airbnb you can pick your guests so avoid letting in party people / large groups at all times. 95% of mine are middle aged couples - not a beep comes out.

Ah you must be my competition! At 9 properties without a doubt you would employ someone to run everything. Even after 3-4 of these.

Hi Turk Took about a month to get right into it, learn how it works and generate the first few bookings. It's a good idea to go easy on the price for the first month until you get some bookings and good reviews. You can certainly advertise on both sites as well as others that are...

Normally if there is no offline ID verified (passport, drivers license, etc) I do not allow them to book. An email and phone number is not sufficient. There also has to be at least one or two positive reviews from other hosts so I know that they are clean, quiet etc. I have pre-set some of these...

SOP - no issues from the neighbours, if the building has 200+ units, people come and go all the time. Airbnb and stayz have good policies that protect both hosts and guests. As mentioned in the previous post you have the ability to pick who stays and who doesn't. There is always a horror...

Hey Tep846, there are agencies that can manage this for you and they work in one of two ways: - they take over possesion of your property and advertise on your behalf then look after guests when booked. - they rent it out from you at a slightly higher rate and keep all profits from the...

Hey Moneyman, naturally you can do either depending on your situation. If tax benefits are important to you then you can rush out and expand quickly keeping maximum leverage going or if you are after cash flow just pay down your borrowed amounts as much as you can to go as positive as possible...

Hi Jolly123, I have check out and check in times set at 11am and 2pm firmly on the listings so guests expect to get in at 2pm just like they would in a hotel. Sometimes interstate guests ask whether they can check in later (normally 8/9pm on a friday for the weekend visitors) which is fine most...

BLTN - correct, I recommend you give it a go especially if you are already self managing. Keep in mind location is absolute key so this strategy works best for CBD / seaside / hotspot properties

Hi Mr Fabulous, yup please feel free to send through the St Kilda laundry details via PM. Do they pick up and drop off? Really appreciate the tip. In regards to running it as a business - for me it would only be worth it if working with my own properties, I wouldn't want to manage others'...

Eliotte great tip, will have a look into it. neK - interesting point. The private short term rental industry is fairly new in Australia with the recent introduction of websites like Airbnb and Stayz. In places like New York where this sort of thing has been happening for a while these sites...

Hi Brady Correct, you only claim for the period it has been rented for. For example if in a year I have occupancy of 300 nights, I can only claim interest, depreciation and expenses for that proportion of the year. Last year was about 320 nights which I consider quite good. Jen mine is...

Hi everybody Just thought I start a thread for any other investors like myself that have IPs and rent them out on short term basis. I have been doing so for over a year via a Melbourne CBD apartment and below are some learnings I have to share to get the discussion started: Positives: -...