184 - Why Short-Term Holiday Rentals Are Good Property Investments

She Renovates

English - November 09, 2022 07:47 - 26 minutes - 24.5 MB - ★★★★★ - 2 ratings
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Previous Episode: 183 - 6 Ways to Fund Your Renovation with Bernadette Janson

Next Episode: 185 - When Adding A Bedroom Doesn’t Add Value

Have you been sitting on the fence about renovating properties with the purpose of renting them out on a short-term basis? What’s holding you back? Short-term holiday rentals can be a great property investment strategy, resulting in wealth-building profits.

Mary and Lilah Nieuwland, a mother and daughter property investment team, joined Bernadette Janson on She Renovates to talk about their short-term holiday rentals portfolio and why it is a profitable strategy.

Mary and Liliah have a three-pronged approach to property, including renovating homes for the purpose of Airbnb, renovating to sell for profit, and managing Airbnb properties. Their current portfolio includes four short-term holiday rental properties, five completed renovations, and two renovation projects in the pipeline.

Take a listen as they share what it’s like working together, managing other people’s properties, using short-term rentals to build cash flow, and how 2020, the height of the Covid pandemic, was their most successful year.

EPISODE HIGHLIGHTS:

00:00 Intro
01:10 Mary and Lilah’s current reno projects
03:23 What impact does renovating have on a mother and daughter relationship
06:07 The type of Property Mary and Lilah host.
08:45 Mary and Lilah’s Property in South Melbourne
12:17 Who’s responsible for the styling?
13:46 Is long term stay reliable for Airbnb?
16:43 What does Mary and Lilah think is the best type of property?
18:55 What areas in Melbourne work best for short-term rental?
21:19 Bookings
24:59 The most horrendous, scary, or funny experience with airbnb.

Resources

The School Of Renovating

https://www.theschoolofrenovating.com/

Studio Haven

https://www.studiohaven.com.au/

Connect with The School of Renovating

ASK BERNADETTE

https://www.theschoolofrenovating.com/podcasts-page

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https://www.youtube.com/c/TheSchoolOfRenovating