If you own a property on the Sunshine Coast, you might be weighing up two investment options: a holiday rental or a permanent one. While both can provide a steady income, they each come with a unique set of pros and cons. At Shakell Property, we’re here to help you understand the differences so you can make the best decision for your investment.
A holiday rental, or Airbnb, is a fantastic way to maximise your property’s potential. Here’s why it might be the right choice for you:
Hands-Off Management: With a holiday let, you can truly have a hands-off investment. We handle everything for you. From setting up the property on all the
major booking channels to managing guest communications, we take care of every detail so you can relax and simply receive your monthly check.
Constant Care and Maintenance: Holiday lets are regularly cleaned and maintained. Unlike a permanent rental, which might only be checked a few times a year, we ensure your property is always in top shape. We handle all the repairs, from changing a lightbulb to coordinating with electricians and plumbers. We even have our own cleaning and maintenance team who know the properties inside and out.
More Money in Your Pocket: As a property owner, you get to keep more of your earnings with us. We charge the guest for cleaning, unlike other traditional managers who would charge you. We also don’t charge for marketing expenses or minor maintenance jobs, which can save you a significant amount over time.
You Can Still Enjoy Your Property: One of the biggest perks of a holiday let is the flexibility it offers. You and your family can use the property whenever you like. It’s your asset to enjoy, not just an investment.
While a permanent rental can seem appealing, it often comes with a set of challenges that can make the experience far from stress-free:
Unknown Maintenance Issues: With a permanent rental, maintenance and damage can go unnoticed. The property is only inspected a few times a year, leaving you in the dark about potential issues that could be getting worse.
Difficulty with Problem Tenants: If you have an issue with a tenant, it’s often a long, drawn-out process to resolve. It can require several breaches and even a court date to get them to vacate the property. With a holiday let, if there’s a problem, we can remove the guest right away.
Choosing between a holiday let and a permanent rental is a big decision. With our personalised and honest approach, we’re here to help you navigate the process.
Ready to see how a holiday let can work for you? Contact us today for a free consultation and let us help you maximise your returns while minimising your stress.