SHORT TERM APARTMENTS RENTAL SOLUTIONS
A customised solution for both landlords & tenants to create a win-win situation
Unlocking the Benefits of Short-Term Rentals: A Modern Approach to Residential Leasing in Hong Kong
The traditional residential lease model has long been synonymous with a one-year commitment, providing stability for both landlords and tenants. However, in recent years, there has been a paradigm shift in the real estate industry with the rise of short-term rentals i.e. lease terms of less than 1 year. This new approach not only challenges the conventional leasing model but also offers unique advantages for both property owners and tenants. Therefore, there is a need especially for landlords to explore this dynamic leasing model to cater the need of the evolving residential market in Hong Kong with the key benefits below:
Benefits for Landlords
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One of the most compelling reasons to specialize in short-term rentals is the potential for higher rental income. Unlike the traditional 1-year lease, monthly rental often offers higher rates. This increased revenue can significantly impact the overall profitability of your property, providing a lucrative alternative for landlords looking to maximize their investment
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The flexibility of short-term rentals attracts a diverse range of tenants, from business travelers seeking temporary housing to vacationers looking for a home away from home.
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Landlords can adjust the rental level according to the market situation from time to time, while it also provides the flexibility in selling the properties without the restriction of a long term tenant staying in the apartment.
Benefits for Tenants
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Typical en-bloc serviced apartments owned by one single landlord usually are smaller than alternative serviced apartments owned by individual landlords at the same price.
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The supply of typical serviced apartments are limited, the growing no. of alternative serviced apartments has opened up more options.
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Not all tenants are willing to pay for the premium just for the extra housekeeping services and amenities that are not required. Alternative serviced apartments have the flexibility to eliminate these options at a lower rental level to fit into individual needs.
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Serviced apartments are usually in an en-bloc building owned by one single landlord including housekeeping services, utilities, Wi-Fi and sometimes with other amenities such as gym and swimming pool. What we are talking about here is alternative serviced apartments that are usually owned by individual landlords, but who are willing to provide flexibility for the lease term and additional service unlike a typical landlord of a traditional apartment.
ResidenceHK Customised Landlord’s Solution
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Rental Increment
Unlock the potential of your property today and elevate your experience with our customised approach to increase rental income through our Exclusive ResidenceHK’s Network.
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Hassle Free
Our comprehensive one-stop service is designed to seamlessly manage your property without worrying about the hassle created by short-term rental.
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Alternative Source of Tenants
With strategic marketing through our SEO optimised platform and tenants’ screening process, we minimise your rental void period by consistent leads with quality.
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Flexibility
Landlords can adjust the rental level according to the market situation from time to time, while it also provides the flexibility in selling the properties without restrictions.
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Housekeeping Services
We offer flexible housekeeping services to tenants for complementing landlords’ offer. Better tenants’ satisfaction and overall property excellence equates to more stable and higher rental income.
3 key issues for discussion to put you in the best position:
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How much should we target?
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Is it necessary to upgrade the apartment?
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The condition and design of the apartments will have an impact for the type of tenants we can have.