Home letting – the future is flexible!
Renting out your home while you’re on holiday, or your spare room for a night, is a popular way of making some extra money but what happens if you’re on holiday in Italy and your renters call because the washing machine has broken, and the kitchen flooded?
Calling an emergency plumber is the first port of call but if you’ve got no phone signal, and you’re being charged through the roof for the work, the hassle of making that extra cash can seem a bit too much like hard work.
This is where the website Airsorted comes into play as it promises to take the hassle out of the process. Airsorted manages over 4000 homes in 31 cities across the world with a mission to make Airbnb hassle-free for everyone. They take care of vetting guests, keys, cleaning, linen and everything else and after identifying that South Africa has over 38 000 Airbnb hosts – 40% of which are in Cape Town (ranked Airbnb’s most popular travel destination in Africa), it made sense that the next step was to expand their footprint in South Africa.
“Cape Town has proven to be a highly lucrative market for Airsorted – already surpassing some of our other flagship markets in number of homes managed – and while we’re currently only managing holiday lets locally, we’ve been quick to learn how seasonality is affecting potential host earnings and have also recognised the increasing demand for more flexible letting solutions around short, medium and long-lets or “home-stays”.” adds Tamara Latimer, Country Manager for Airsorted South Africa.
As Africa’s business hub, South Africa is driving greater numbers of a new, medium term, type of visitor. Hotels are not a feasible option for most people staying longer than a few days. These visitors are willing to pay more for home-stays but are reluctant to be tied into unrealistic 12-month contracts. To date, this demand has been met with a lack of adaptability through the letting industry which needs to update its operating model so that it can support a world where flexibility comes as standard.
In addition, several industry commentators are pointing to an oversupply in the letting market. This is also causing an increase in void periods, which is a missed opportunity for monetisation – both for the landlords and the areas that stand to benefit from additional tourism.
Tailoring their service to cater for flexible home letting has enabled Airsorted to bridge low occupancy periods, whilst still offering their hosts the ability to yield off peak season rates. They have successfully implemented this model in other flagship markets, and plan to introduce Airsorted Lets in South Africa to fuse short, medium and long lets together under one roof, thus keeping guests, tenants and landlords happy.
Building a business model that requires this much flexibility is not easy, and it can only be achieved through technology. Airsorted has scaled rapidly, with a strong focus on developing proprietary technology to build a reliable, scalable service which certainly provides a competitive edge. This allowing them to maximize the earning potential for hosts with a blend of holiday-lets and long-lets and reduces empty periods even further. In short: maximum versatility = maximum returns.
Whether you’re away for a weekend or a year, trying to sell, or it’s a second property, Airsorted can earn you money from letting your home during that period.
Moreover, flexible letting offers would-be tenants an unparalleled service that traditional letting businesses simply can’t match.
For further information about Airsorted, visit www.airsorted.co.za