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Victoria is the first Australian state to legislate a levy on revenue generated from short term accommodation platforms such as Airbnb and Stayz. The 7.5 per cent levy will commence from 1 January 2025 as is an attempt to tackle the ongoing rental crisis, which many politicians blame on the rise in popularity of short term letting platforms such as Airbnb. Although Victoria will be the first to implement an 'Airbnb tax', other states have already flagged their intention to review, and most likely implement a similar system. In today's show, we cover; whether this is fair or another case of government meddling, if it still makes sense to rent a property on a short term basis, tips and tricks for prospective owners of Airbnb properties, and when is the 'right' time to pay down investment property debt? Quirin Schwaighofer, co-founder of short term accommodation management company MadeComfy, joins James Gerrard founder of www.financialadvisor.com.au on today's show. See omnystudio.com/listener for privacy information.
The Elephant In The Room Property Podcast | Inside Australian Real Estate
Airbnb continues to take the world by storm and with lockdowns easing up and tourists surging, the demand for local accommodation has steadily increased – but with talks of legislation limiting short term rentals coming in, how will the market adapt? How much has the short term rental market changed? Will they continue to grow after COVID? Is it still a good idea to list your property on Airbnb? In today's episode, Quirin Schwaighofer of MadeComfy shares his insights on the future of short term rentals. We talk about how the ratio of vacancy rates and tenants shifted over the pandemic, how the Work-From-Anywhere movement boosted short term rentals, existing Airbnb restrictions in Australia, and more! If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au! See you in the episode! Episode Highlights: How COVID impacted the rental market [01:47] Balancing out vacancy rates and tenants [06:16] Quirin's thoughts on the Work-From-Anywhere movement [13:14] COVID's effects on property ownership [18:24] Will legislation limiting short term rentals have a negative effect? [21:13] Australian states with Airbnb restrictions [29:26] Potential roadblocks for investors eyeing the short term rental market [36:14] Will short term rentals continue to grow? [42:43] The costs of putting up an Airbnb [50:36] How MadeComfy filters properties [53:38] Factors to consider if you want to enter the rental market [59:30] Quirin's property Dumbo [1:02:05] About our Guest: Quirin Schwaighofer is the Co-CEO & Co-Founder of Australia's accommodation innovator MadeComfy. MadeComfy manages properties in the short term rental market and since its launch in 2015, MadeComfy transformed into a fast-growing and multi-award-winning disrupter of the Real Estate and Hospitality market and became an official partner of Airbnb in 2019. In his spare time, Quirin loves adventurous travel and supporting his daughters to chase their dreams. Links from the show: What sort of property makes the best short term rental? MadeComfy Website Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/233 If you've enjoyed this episode, don't forget to like, share, rate and subscribe for more! See omnystudio.com/listener for privacy information.
"From Starting a Restaurant in Germany as a University Student to Creating The Fastest Growing AirBNB Management Business in Australia" On Episode 39 of the “Future of Australia” podcast, I speak with Quirin Schwaighofer, the Co-CEO and Co-Founder of MadeComfy, an Award-winning Airbnb management service in Sydney, Melbourne, Canberra, Brisbane and the Gold Coast, that grew over 103% last financial year, to do over $5.5 million in annual revenue. This made MadeComfy, on the Financial Review list of 100 fastest growing new companies in Australia, the FASTEST GROWING new business in Australia.
MadeComfy - Making short term rentals easy --- Send in a voice message: https://anchor.fm/theproptechpodcast/message
This episode examines adaptive leadership through the lens of crisis recovery and the universal challenges business leaders face as a result of COVID-19. Guests include Phillipa Harrison, managing director at Tourism Australia, Quirin Schwaighofer, Co-CEO and Co Founder of MadeComfy, and Richard Holden, professor of economics at UNSW Business School.See omnystudio.com/listener for privacy information.
The holiday season is just around the corner, which means there will be great demand among vacationers seeking short-term rentals. In this timely episode, our editor sits down with Abigail Howells, Inbound Sales Manager with MadeComfy. to discuss hot areas for rental properties and trends you should keep an eye on for great returns on your short-term rental investment.
In this episode, we speak with Calum Walters, Gold Coast & Brisbane City Manager of MadeComfy, who shares important short-term letting strategies to yield maximum profit.
In this week's edition of the Elevate podcast, Samantha McLean talks to Mike Johnson of MadeComfy, a short-term letting platform. Many of your investor clients out there have probably heard stories from colleagues and friends about how much money can be made on places like Airbnb and Booking.com, but not every property and every situation will bring high returns -- and some properties are still much better suited to long-term tenants. In this episode, Mike breaks down how MadeComfy is working with agents to help them manage buyers, what type of properties are best suited to short-term letting, what the service expectations are, and where this legislation and trends in this area might be headed in the future.
Property investors - especially in strata buildings – should switch to holiday rentals instead of long-term tenancies if they want to maximise their profits, says the founder of a company that manages Airbnb-style properties on behalf of landlords. According to MadeComfy co-founder Sabrina Bethunin, a report her company commissioned shows says that short term holiday letting rates are now on a par with hotel room rates. In case you haven’t heard of them before, Madecomfy provides a complete management service, from handing over keys to changing bed linen and cleaning the house or apartment. This is for Airbnb and other internet letting hosts who don’t want to have to deal with their guests directly – an arms-length, never-meet-the-tourists arrangement that Airbnb calls ‘sharing’. You can here an interview with Ms Bethunin on ABC News Radio here.
Property investors - especially in strata buildings – should switch to holiday rentals instead of long-term tenancies if they want to maximise their profits, says the founder of a company that manages Airbnb-style properties on behalf of landlords.According to MadeComfy co-founder Sabrina Bethunin, a report her company commissioned shows says that short term holiday letting rates are now on a par with hotel room rates.In case you haven't heard of them before, Madecomfy provides a complete management service, from handing over keys to changing bed linen and cleaning the house or apartment. This is for Airbnb and other internet letting hosts who don't want to have to deal with their guests directly – an arms-length, never-meet-the-tourists arrangement that Airbnb calls ‘sharing'.You can here an interview with Ms Bethunin on ABC News Radio here.____________________________________________________Flat Chat is all about apartment living, especially in Australia.Find us on Facebook and Twitter and the Flat Chat website.Send comments and questions to mail@flatchat.com.au.Register to ask and answer questions about apartment living anonymously on the website.Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai; Transcription tidied up and sensified by Raphie.Find out more about Sue Williams and Jimmy Thomson on their websites.
Quirin Schwaighofer and Sabrina Bethunin, owners of MadeComfy, joins us today. You'll discover how they are disrupting the industry through their convenient services and how you can benefit from them when considering renting out your property through platforms such as Airbnb.Find out what elements Quirin and Sabrina look for when determining the potential value of a property put forward for listing in their service, why international travelers are using MadeComfy, how MadeComfy can add value to your property and generate great returns on your investment. See acast.com/privacy for privacy and opt-out information.
Quirin Schwaighofer and Sabrina Bethunin, owners of MadeComfy, joins us today. You'll discover how they are disrupting the industry through their convenient services and how you can benefit from them when considering renting out your property through platforms such as Airbnb.Find out what elements Quirin and Sabrina look for when determining the potential value of a property put forward for listing in their service, why international travelers are using MadeComfy, how MadeComfy can add value to your property and generate great returns on your investment. See acast.com/privacy for privacy and opt-out information.
Quirin Schwaighofer and Sabrina Bethunin, the founders of property management service MadeComfy, discuss how they transferred their entrepreneurial idea into a successful start-up with substantial backing from the ex-owner of LinkedIn, among others.Follow their journey from diversified backgrounds to the point of collaboration, how they merged their talents to create a common vision for their brand, how MadeComfy fits in with the popular service AirBnb and what they did to secure funding from high profile investors and advisors. See acast.com/privacy for privacy and opt-out information.
Quirin Schwaighofer and Sabrina Bethunin, the founders of property management service MadeComfy, discuss how they transferred their entrepreneurial idea into a successful start-up with substantial backing from the ex-owner of LinkedIn, among others.Follow their journey from diversified backgrounds to the point of collaboration, how they merged their talents to create a common vision for their brand, how MadeComfy fits in with the popular service AirBnb and what they did to secure funding from high profile investors and advisors. See acast.com/privacy for privacy and opt-out information.
Quirin says his journey into the short-term rental market began when, as a frequent traveller, he identified an opportunity to monetise his absence by listing his property online. However, dealing directly with online platforms soon proved difficult when managing people's expectations, leading Quirin to co-found MadeComfy – an end-to-end service provider empowering property investors to maximise their returns by leveraging online platforms in the short-term rental space. In this episode of The Smart Property Investment Show, Phil Tarrant and the team from MadeComfy give listeners insight into the key differences between short-term versus long-term rentals as well as how property investors can ensure they’re getting the most out of their portfolio. Tune in now to hear all of this and much, much more in this episode of The Smart Property Investment Show! SUBURBS MENTIONED IN THIS EPISODE: *Redfern - http://bit.ly/2t6IsGK *Manly - http://bit.ly/2t7t1we *Bondi - http://bit.ly/2t7cOHA *Darling Point - http://bit.ly/2sYc24v *Mosman - http://bit.ly/2tHssLs *Kirribilli - http://bit.ly/2tHW8s4 *Blacktown - http://bit.ly/2u1OnQk RELATED ARTICLES OF INTEREST: *Airbnb specialist gets investment injection, plans rapid growth - http://bit.ly/2tBmhu4 *Technology assisting pensioners with investment decisions - http://bit.ly/2v5IT3G *Value on the rise across most of Australia - http://bit.ly/2tKAlCq *Smart property investors need to target Perth “Cinderella” suburbs, says real estate CEO - http://bit.ly/2t7SPbs FOLLOW US: Did you like this episode? Show your support by rating us on iTunes (The Smart Property Investment Show) and by liking and following Smart Property Investment on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email editor@smartpropertyinvestment.com.au for more insight! iTunes: apple.co/2tryShe Facebook: bit.ly/2rTJaom Twitter: bit.ly/2sSacBG LinkedIn: bit.ly/2sFIqVd www.smartpropertyinvestment.com.au