Need help with buying your short-term rental (STR)? I’m Scott Levoune from Wealth Through Property and I want to show you how to treat property like a business. Learn how to build a short-term rental, not just an Airbnb, the difference is massive. I know it can be confusing and scary starting out, but with our help, you can become one of the 0.1% that make it through property.
Our full-service mentoring and acquisition service will teach you everything you need to know about buying an STR and how to increase your ROI through market analytics and market research. We’ll show you how to maximise servicing and how not to get maxed out like 99% of other investors. Plus, we use data trends and statistics around Australia when looking for your next property, so you can be sure you’re getting the best possible return on your investment.
So if you’re ready to take your property journey to the next level, sign up for our full service – mentoring and acquisition service today. It’s time to start building wealth through property!
Strategy, goals session and forecasting
Seek Advice from and Accountant or Solicitor (Optional)
Research and data session - find areas that have Short and long-term growth factors
Lifestyle and holiday factors and finding what's Important to you in a holiday home
Get pre-approved from a mortgage broker.
Get pre-approved from a mortgage broker.
Understand rules and regulations of state and councils of interest
Source, negotiate and secure your dream holiday home
Due diligence, building and pest inspection, solicitor for conveyancing
Help you find your short-term rental team for your short-term rental (str)
Lifetime mentoring even after the property is purchased
Help you with complete set up if you choose to self host
When looking for your short-term rental, it is important to remember that you are not just buying a short-term rental but also something you can use as a holiday house too. Looking for investment-grade traits that include holiday and lifestyle factors.
A Short-term rental should also be treated as a business and it is important to do your research before making any decisions. By using our data, trends, statistics, and short-term rental market research. we can help you find the best suburbs for your Short-term Rental and ensure that your property will continue to grow in value over time as well as produce a good ROI in cash flow. What we look for when assessing a suburb:
This includes trip advisor, booking.com, Expedia, VRBO, Stayz, Airbnb, and website (direct bookings), Google, Trip Advisor, etc
This is the number of nights booked divided by the total nights available to be booked across all relevant listings; nights blocked, nights booked, unbooked nights, and check-ins.
Check hotels, motels, caravan and camping parks/sites, and make sure areas also aren’t oversaturated with other short-term rentals
There are 2 types of pricing structures, Dynamic and Predictive. Dynamic Pricing – Based on seasonality (peaks vs non-peak – holiday seasons or local events), weekends vs weekdays, minimum vs maximum rates, average base rate, discounting – close vs far out bookings, minimum nightly stay – close vs far out bookings. Predictive Pricing – Pricing changes based on data based on your actual property, click rate and chance to be booked.
Comparisons between your competition to local amenities; entertainment, rivers, lakes, beaches, snow, parks and infrastructure (the more scarce your property location is to your competitors, the more desirable it becomes.
What type of property style are you after? Single-storey, double storey, split level, New Hampton, farmhouse, beach or coastal vibe, modern, rustic, country, lake vs coastal, how many bedrooms, bathrooms, car spaces like garages and street parking,
Holidaymakers, corporate or business, family, extended family, kids or no kids, couples, groups, tourists, backpackers.
When it comes to short-term rental you don’t have to be boring. Sometimes different is better and you could always make the property a certain theme e.g supernatural/Disney, or stick to the more traditional themes; contemporary, coastal/beach, rustic, Scandinavian, Japandi, Bohemian or eclectic, modern, industrial. To what extent are you going to do decorations?
Crockery (plates/bowls), wine glasses, kettles, coasters, fry pans, pots, cutting boards, kitchen knives, cutlery, glassware, and tableware. Cleaning products: dishwashing liquid or tablets, soaps, spray and wipe, sponges, tea towels, coffee machine, blenders.
Bathroom consumables; (soaps, shampoos, conditioners, toilet paper) Bathroom towels, bathroom mats, beach towels, ironing boards and irons, dishwashers, washing machines, dryers, brooms, vacuum cleaners, mops, kitchen consumables; (tea, coffee, cooking spray, sugar, oils, vinegar, salt, pepper) You can be creative as you need to or provide minimal
How many beds are in the household? What type of beds will you have? e.g. single, double, king, queen or bunk and how many are in each room? What quality mattresses will you have? Hotel-grade sheets, quilts and quilt covers, blankets, pillows (soft, medium or hard) and pillowcases, European or decoration pillows, bed decorations, bedside tables and lamps
The BBQ area; Smokers, BBQs, pizza ovens, fire pit, picnic area, tables, chairs, and outdoor furniture, saunas, pools or spas, an entertaining area in general
TV, gaming consoles (Playstation, Wii, Nintendo, Xbox, Switch), stereo systems/speakers/sound system, board games, card games, kids’ toys.
WiFi, hot water, electricity, air-conditioning (heating and cooling), ceiling or portable fans, Netflix, amazon prime, stan, Disney+, Spotify.
Cots, beach toys for kids, fishing gear, exercise equipment etc.
Emergency or Safety Manual
The 4th step is to understand what type of short-term rental owner you are. Are you looking to be a premium STR (which means direct beach views or directly on the water, and premium furniture, the best amenities like spas, saunas, pools, and BBQ entertainment areas)? Are you looking for more of a corporate STR to encourage businesses to book through you? Do you have the capacity to buy in the right area with the right scarcity factors as close to the amenities as possible?
Do you have creativity or can you decorate or theme the house to encourage certain stayers? Are you looking for basic short-term rentals and happy with the average ROI?
The 1st step is to understand the different types of Short-term rental owners. There are 2 types of short-term rental owners: Those that only use one platform like Airbnb for bookings only and this is where someone calls their investment an Airbnb. The second type is those who use it as a short-term rental where they are on all platforms and have ways for guests to direct book increasing their ROI.
The 2nd step is to understand whether or not you want to use this as a holiday house or purely for investment purposes. A short-term rental, if used as a holiday house is the only time you can be emotional behind the purchase. This does not mean you need to sacrifice on research or data.
The 3rd step is to understand that serviceability is based on your wage, outgoings and other financial commitments, so it’s important that you understand this before embarking on any short-term rental journey. While borrowing capacity can be increased with the right strategy, it’s important to understand the risks associated with this. You will need to be completely educated on all levels before making any decisions.
The 4th step is to understand what type of short-term rental owner you are. Are you looking to be a premium STR (which means direct beach views or directly on the water, and premium furniture, the best amenities like spas, saunas, pools, and BBQ entertainment areas)? Are you looking for more of a corporate STR to encourage businesses to book through you? Do you have the capacity to buy in the right area with the right scarcity factors as close to the amenities as possible?
Do you have creativity or can you decorate or theme the house to encourage certain stayers? Are you looking for basic short-term rentals and happy with the average ROI?
Use your own professional or use one of our preferred external recommendations who does lending strategy or receive an external recommendation.
There are 3 types:
We will help you and guide you in finding the right team for your property
When self-hosting we will help you understand the different requirements of running a successful Airbnb and help you with setting up:
Matthew Moussa2024-10-31 Scott was able to help me fix my scenario from being completely stuck in my property portfolio, unable to move forward to now having a portfolio that I never thought would be possible and growing. He has not only helped me with building my property portfolio up but has also been able to assist me in determining true market value not only when it comes to resale value however also market rent. I was very eager with my most recent property purchase and despite the time that it took to secure a property, Scott reassured me that something will come up and not be in a rush to secure anything. I couldn’t be happier with the purchase I just made as I know that Scott has the expertise and knowledge to assist me in making the right choice. I would highly recommend Scott to anyone who doesn’t know where to get started or even those with existing property portfolios and those stuck in their current portfolio and want to move forward but are unable to. He has the right team to assist you in making the correct decisions to help you get the most out of the portfolio you are after and if you are unsure where to start or what strategy to follow, Scott and the team can help you. Thank you for your help Scott. julian rosenberg2024-08-16 Received excellent service to improve the performance of our BnB business. Scott’s approach is very insight-led and professional. Adrian Parish2024-07-01 Thanks to Scott I now own a high yielding investment property and look forward to making my next purchase. Scott really was dedicated right from the start and I especially appreciated the personalised approach in coaching which was clearly tailored to me and my plan. Having the ability to just pick up the phone and work through my thoughts and questions was the big ticket item for me. Scott was always there and it was great. After not knowing much at the start to knowing what I do now with Scott’s help I can confidently say I’m keen and ready to go again. Looking forward to working with Scott and building wealth through property. Burcu Bianca Colak2023-11-13 My partner and I have been Scott's clients for a while and have secured outstanding investment properties thanks to his expertise and negotiation skills. His strategy session is invaluable as it unlocked a new way to look at building an investment portfolio. He also managed to secure us a property $100k under market value which really helped to propel our growth. Aside from this, he always goes the extra mile. Making himself available to answer any questions we have, he always goes out of his way even in finding contractors for our properties. Overall the experience has been excellent and would highly recommend! Chris M2023-11-11 Wealth Through Property has been an invaluable partner in my property investment journey, especially as someone with a busy schedule. Their ability to efficiently source, manage, and secure multiple properties for me has been a game-changer. They understand the value of my time and have proven their expertise in handling the intricacies of real estate investments. I'm truly grateful for their support in building my wealth through property, and I can confidently say that they're an excellent choice for time-poor individuals seeking financial growth through real estate. Oliver Lonergan2023-10-06 Scotts an absolute legend, he has guided me through the property journey. He has helped me navigate and set up great structures and I would recommend him to anyone Scott Herbert2023-09-27 Working with Scott has shown me new ways on how to create and grow a property portfolio instead of just buying an investment property. Scott not only has the knowledge and experience but also spends the time to teach you ways to better setup and build a property portfolio. Not only have I received value for money in my latest purchase but also in the training and knowledge that I have gained while working with Wealth Through Property. I will be continuing to work with them for future property purchases. David Farrell2023-09-26 Michael A2023-07-28 We have been working with Scott for a few months now and have been more than impressed with his knowledge and ability. We have been able to establish professional connections ie solicitors, brokers, etc through Scott which has everyone working towards the same goal. We have definitely received value for money with our most recent purchase and look forward to us moving forward with wealth through property in the future. Jessica Wills2023-07-27 Scott has been awesome throughout my journey. We bought our first investment property with Scott’s help and professional guidance. Would recommend him to any new buyers looking to kick start their investment portfolio.
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