S H O R T S T A Y
Short Stay Accommodation with a Rental Guarantee has a number of benefits
No risk of vacancy or rental arrears
Guaranteed returns during the term of the Rental Guarantee
No Routine Inspections fees
No Letting, Leasing Renewal or Advertising fees
Ability to stay subject to availability
Regular inspections and cleaning of your property
Dedicated Manager overseeing your property
In house maintenance
Furniture purchased may be claimable as a Tax Deduction
Tax Depreciation of the furniture may also be claimable
Annual Review
The Rental Guarantee for your Apartment is $480 per week OR $2080.00 a month.
*Based off fully-furnished
What is a Rental Guarantee Agreement?
The Rental Guarantee Agreement (Performance Undertaking) is designed to provide our homeowners with regular income, less risk and an opportunity to increase their returns While your property is under the Rental Guarantee Agreement you will not experience any rental arrears or vacancy periods Your agreements will also be reviewed annually in November
Can I come and visit?
Yes, you can most certainly come and visit and use your apartment Reservations are subject to availability, you will be responsible to cover the cleaning costs at the end of your stays, and will not receive any income during this period due to your occupancy of the unit
Will there will be routine inspections carried out on my property?
Yes, you will have more eyes on your property than ever before Prior to any guests checking into your apartment, our manager will inspect the unit to ensure its ready for occupancy Where you received a routine inspection report each quarter, your unit will now receive weekly spot check inspections however a formal report will not be provided
When do I get paid?
You will be paid on the first working day of every month
If my property is vacant during the off-peak season, will I still get paid under the Rental Guarantee?
Yes you will! Under the rental guarantee, Property Vine are taking on all risk of vacancy and rental arrears to ensure our homeowners receive the regular monthly income which is paid on the first business day of the month.
Will there be more wear and tear on my property?
We certainly hope not Most permanent tenancy agreements in our units see a turnover of tenants once per year This means once per year an entire apartment's furnishings is moved in, and out of the property Your unit is also someone’s home where they occupy this space on a full-time basis In short term accommodation, the apartments are utilised more as a base and the furnishings remain in place permanently
What checks are completed to ensue we have good guests?
Regardless of how reservations are made, Property Vine retain the right to refuse entry at time of check in if we identify any problems We also take a copy of each guests ID to prove their identity on check in and have processes in place to ensure if guests have presented poor behaviour, they are prevented from staying with any Property Vine complex in future We also utilise industry tools which provide feedback on guest behaviour at other complexes in the region
Do I need to make changes to my insurance?
This is question that varies depending on your insurance company, so best give them a call directly to confirm Please know we can make the payment of these invoices for you, by simply deducting the cost from your rental income when the invoice is due for payment
What are some examples of emergency repairs in short stay accommodation? These can range for replacing a light bulb to replacement of electrical appliances like TV.
What security for bookings is in place?
Each Guest is required to provide a Credit Card upon check in We then hold a deposit on this card for the duration of their stay to act as a bond
F U L L Y - F U R N I S H E D
Anycolourcanbeselectedfromcommercialrange
SideTable
CoffeeTable
DécorBowl
Artwork(canvasprint)
Mattress&EnsembleBedBase
Mattresswithpocketspringsystem(approx 24cmthick)
Ensemblebedbaseupholsteredinfabricwithlegs
-Availablewitheitherstationarylegsorcastorwheels
Bedsizes(approx)
-SINGLE:915x1880mm
-LONGSINGLE:915x2030mm(halfofkingsize)
-QUEEN:1530x2030mm
-KING:1830x2030mm
Diningsetting Diningchair FloorRug Lounge Bedhead(upholstered) BedsideLamp BedsideTable Artwork(canvasprint)
5 Piece: Sqaure table with 4 x chairs
7 piece: Rectangular table with 6 chairs
Available in Black or brown
Approved + funded in hours
Full digital process - application portal
Australia wide coverage
Property owners approved fast for property improvements
$ZERO application fee
$ZERO early payment fee
$ZERO ongoing fees
Rates from 495% (good credit score secured)
Fixed rates up to 7 years - for peace of mind
Secure with vehicle for a better rate
Or even add to you home loan
Mostly Digital Process
Australia Wide coverage
Property owners approved fast for equity release
Up to $5,000 Refinance Cash Back from some lenders (some even per property) Save on average** $251/mth by refinancing
This saving almost pays for the new furniture pack Investment Loan Rates from 441%pa
Q: How long does it take to get approved?
A: Once we have all the info, normally approved within 4-6 hours, and then funded within 1-2 hours after this (personal loan)
Q: How fast can I get the funds?
A: The money hitting your account can take as little as 1 day, but generally around 2-3 days (personal loan)
Q: Can I pay weekly?
A: Yes can choose from weekly or fortnightly repayments, to help you with your household budget (not that it matters so much because your rent will increase!)
Q: Can I get approved and not take out the loan?
A: Yes, you can, but if you come back to refresh your approval later, this could affect your credit rating, like many loan applications.
Q: Do I actually own the furnishings?
A: YES! You’ll own all the inclusions in the property
Q: What if I have a mortgage on the property?
A: This is even better, it shows you are able to sustain loan repayments (personal loan)
Q: How do I get a cheaper rate?
A: Each application is assessed based on the balance of pros and cons. Some common factors that affect loan applications are: strong income, owning real estate, using collateral as security, good credit score, over 25 years of age
Q: Do I need a job to get a loan?
A: Most of the time yes, you’ll need some income to show that you can service the new loan repayments
Q: I’m retired, does this matter?
A: There still could be options, speak to us to have the conversation
