New regulations threaten Airbnb

Increased Certainty:

Fully furnished rentals offer a steady monthly rental income, providing predictability and aiding in cash flow planning compared to the variable income of Airbnb. At MRE our appropriately/suitably managed fully furnished properties have seen on average $150 per week increase in rent compared to those properties within the area that are presented as unfurnished.

Longer Lease Terms:

Traditionally associating fully furnished rentals naturally many think short-term with leases of 3 to 6 months. However, this is not the case at MRE, our recent August data indicates that 97.2% of MRE’s fully furnished properties have leased for a minimum of 12 months with the shift to longer-term leases becoming the norm, reducing the frequency of tenant turnover and the associated maintenance.

Professional Tenants:

Fully furnished rentals may attract professionals on medium-term contracts who tend to be more reliable and responsible tenants compared to holiday renters on Airbnb. Coupled with MRE’s exceptional commitment to attracting the best tenant to the property our unwavering commitment to qualifying the correct occupant ensures the right renter is put forward to our landlords.

Professional Cleaning:

Tenants in fully furnished rentals are responsible for professional cleaning at the end of their stay, reducing the host’s workload and costs compared to Airbnb.

Less wear and tear:

Fully furnished rentals generally experience less wear and tear, as tenants treat the property as their primary residence, resulting in potential savings on maintenance costs.

Time and energy savings:

Hosting on Airbnb requires constant attention, quick response times, and significant time investment. Fully furnished leasing offers a more hands-off approach, allowing landlords greater freedom. At MRE our team of Liveability Experts keep a thorough and comprehensive inventory of your furnished property, coupled with our industry-leading video reporting for our regular routine inspections guarantee that you are provided with the current condition of the property from the beginning to the end of your tenant’s lease period.

In a time where Melbourne’s short-term accommodation faces great choosing MRE, and fully furnished leasing is the key to navigating these challenging times with confidence. To discuss the advantages that lie ahead contact our experienced Business Development Managers for an independent rental assessment for your property.