Short term rentals move mainstream

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Short-term rental specialists MadeComfy has partnered with traditional real estate agencies Raine & Horne and Belle Property, that confirms short term renting is moving even more into the mainstream.

Short term letting through platforms such as Airbnb can be a profitable strategy for landlords, however, many homeowners are too busy or inexperienced to dive into this strategy.

MadeComfy, short-term rentals specialists who works across a range of booking platforms such as Airbnb, Booking.com and Stayz to achieve returns up to 40% higher than the average, have signed exclusive property management partnerships with Raine & Horne’s largest agency in Australia, Dee Why, and Belle Property agencies in Mosman and Neutral Bay.

Without changing their agency relationship, homeowners can now easily access short-term rental options while their homes continue to be managed by suburb specialists.

“After carefully reviewing several emerging companies in the short-term rental space, we decided to partner with MadeComfy as we feel that both of our businesses are aligned in providing outstanding customer service and maximising the rental returns for our clients,” said Peter Mosedale, Director of Raine & Horne Dee Why.

With Australia’s short-term rental market now contributing billions of dollars to the Australian economy, holiday letting is a trend that landlords are increasingly profiting from.

In addition to this new partnership, MadeComfy has also recently secured roughly $6 million in funding – the largest capital raising yet in the sector – with the latest round of investment coming from global investment bank, Investec, and existing investors.

MadeComfy’s growth and this new round of investment shows market confidence in a vital, growing industry, said MadeComfy co-founder Quirin Schwaighofer.

“We are thrilled with this new investment from Investec. It shows confidence not only in our business model, but also the hard-working MadeComfy team who are committed to delivering customer excellence,” he said.

“Over the past two-and-a-half years, MadeComfy has helped many property owners, guests and communities maximise the benefits of the short-term rental industry. We are excited to expand this even further into new markets and with new products.”

 

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