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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 Elephant In The Room Property Podcast | Inside Australian Real Estate
Will legislation make or break Airbnb in Australia? Quirin Schwaighofer, COO of Made Comfy is extremely positive about the future of the short term rental market although he's also very clear about the elements required for success. Here's what you'll learn: The type of property that lends itself to short term rental and the types of owners that are most suitable hosts. The attention to detail required to delight short term guests. The difference an X-factor can make to profit and what makes Australia's best studio apartment so special. Renting out a room versus making the whole property available for guests. The impact of new legislation on short term rentals in NSW and how the 180 night limit will change things. Holiday houses and what works and doesn't work for Airbnb. The complexity of managing short term rental pricing and the optimum occupancy rate. The myriad of risks and how to mitigate them. Lifestyle versus investment decisions and why they need to be separated. The real impact of Airbnb on the long term rental market in different cities. The message is loud and clear in this episode: short term rental is an investment strategy that carries a lot of risk and careful planning is required to get it right. This podcast is a great place to start! Links: Made Comfy Australia short term rental report 2018 Made Comfy free short term rental pricing analysis tool Made Comfy overview of NSW short term rental legislation Veronica's 14 things to consider before buying a holiday homeSee omnystudio.com/listener for privacy 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, 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.