Short stay rent is the commercial rent of an accommodation for a short period. Usually the minimum rental period is one month. We are doing our utmost to adapt to the demand and be flexible, so in certain cases - depending on availabilities - we can offer our tenants even shorter rental periods.. Short stay rent can be more efficient than regular rent because tenants are prepared to pay relatively more for a short term stay than for a long continuing rental contract.
The target group consistsof:
- Expats/Business Travelers requiring an extended stay and/or with family wishing to have a home feeling
- Companies/Institutions executives and associates moving to a new place
- Human Resources/Corporate – offering reliable services to company HR
- Relocations – for personal reasons like while looking for a long term rental or home purchase
- Home Buyers – waiting for the end of their new home’s construction and/or closing delays
- Insurance - homeowners who are awaiting home repairs
- Government and Military – as of temporary or permanent relocation
- Hospital and Medical - permanent relocation, temporary staff augmentation, rotation, or residency[d1]
Short stay produces - if applied properly - more rental income. At the same time short stay requires more work than regular rent.
Successful short stay-exploitation demands expertise and needs to meet the following preconditions:
Continuous and proactive effort: Because guests are accommodated for a short period, there is a larger amount of alterations: from a minimum of once in six months to a maximum of once a week. Continuous efforts are necessary in order to recruit new temporary tenants, facilitate check-ins & outs and to clean the accommodation regularly.
Occupancy rate: A higher occupancy rate is the key to successful short stay exploitation: only then there will be a higher financial efficiency in comparison with long term rent. Seasonal fluctuations and an alternating demand are complicating factors.
The costs of short stay: Fixed cost like gas/water/electricity, internet and municipal taxes are carried by the property owner. The owner needs to cover these costs, Swan Short Stay includes a user fee in the rental price. .
Regulation: There is specific regulation that applies to short stay rent. For instance only accommodations in the private rental sector qualify for short stay and no one is supposed to be officially registered as an inhabitant on the address of the location.
Taxation: Short stay exploitation is regarded as active asset management by the Dutch tax authorities, as a result of which the short stay revenues are taxed in Box I (income derived from work and real estate). This is the reason why exploiting your investment property by yourself -as the owner – is fiscally not attractive.
Appropriate short stay accommodations are neatly furnished and are situated at an attractive location. This is necessary to meet the needs of e.g. business people and expats. For every individual an attractive location means something different, but in general it is about an accommodation in or near the city centre, including good connections with public transport. There is also the need of being nearby supermarkets, restaurants and pubs. Expats often like to stay in the neighbourhood of their work location or at least have a good traffic connection with their work location. The interior of the accommodation has to be comfortable (a modern appearance is preferential) and clean. Furthermore, the interior can be kept neutral in order to appeal to all kinds of people.
In case the the tenant does not register as a resident of Tilburg at the local Municipality (Gemeente Tilburg), the owner has to pay to the city tax to the local Municipality and charge forward the fee of the city tax to the tenant.