Everyone’s seen the growth of the short-term rental and vacation rental space that’s commonly referred to as “AirBnB”. Many investors and entrepreneurs alike have been testing their luck in this highly lucrative space. Bongo Stays specializes in optimizing rental properties to ensure the best rates and occupancy. They are also well-known for finding the ideal investment real estate for short-term and vacation rentals in the US and abroad.
Bongo Stays has more than 10 years’ experience in the vacation rental property management space. The company has 20,000+ Airbnb properties under management in over 14 countries across North and South America, Europe, Asia, and quickly expanding.
“Bongo Stays is a full-service vacation rental property management company. We handle everything from the market analysis to furnishing your property to listing it, even providing highly trained ground staff and live agents who are available 24/7 to handle bookings and attend to your guests’ needs,” explains Ashley H., a representative for the company.
Experienced, knowledgeable, professional
Bongo Stays has been ranked the number one short-term rental property management company in the US four years in a row and offers its clients flexible month-to-month contracts.
“When it comes vacation and short-term rentals globally, there’s no one better to turn to than Bongo Stays. Our global firm is built on a solid foundation of heavy analytics, a strong emphasis on our immaculate properties, and a robust team of highly skilled professionals.”
“We enjoy strategic partnerships with more than 60 online travel agencies including Airbnb, VRBO, Expedia, Booking, and many more. We also work with large multi-family companies to help hedge against traditional rentals and venture into the Airbnb space,” continues the representative.
Expert real estate investing advice
Bongo Stays not only assists property owners to optimize their rental real estate. The company also helps people find the ideal investment property for short-term and vacation rentals for those looking to enter or expand their portfolio in this space. s
“If the idea of short-term rental investing sparks joy or if you’re interested in additional real estate investment opportunities, we have packages of existing properties actively generating income,” adds the Bongo Stays representative.
Bongo Stays takes its reputation as the country’s number one rental real estate management company extremely seriously.
“We take a millennial approach to managing our clients’ Airbnb and other vacation and short-term rental properties. We pride ourselves on maintaining our clients’ investment real estate to the highest degree to meet renters’ expectations and ensure a full booking schedule.”
“We know managing a rental property can be incredibly frustrating and time consuming, but you’re in great hands with Bongo Stays. Our tried-and-true experience in real estate has proven invaluable in helping our clients increase their passive income and decrease their maintenance costs while they focus on what truly matters,” concludes the representative.
Conclusion
Bongo Stays is a property management group with over 10 years’ experience in the vacation rental property management space. The company helps people optimize their rental properties to ensure the best rates and find the ideal investment real estate for short-term and vacation rentals. The company specializes in revenue management and distribution for more than 60 online travel agencies including Airbnb, VRBO, Expedia, and Booking. Bongo Stays has 20,000+ Airbnb properties under management in over 14 countries across North and South America, Europe, and Asia.
Media Contact
Company Name: Bongo Stays
Contact Person: Media Relations
Email: contact@bongostays.com
Country: United States
Website: www.bongostays.com
Institutional investors venture into AirBnB with Bongo Stays.
By GetNews Published February 23, 2022
Private equity, family offices, hedge funds, and venture capitalist have all been salivating at the opportunity of getting into the highly lucrative vacation rental and short-term rental industry. This is being made posible in a very scalable manner by a fast-growing company called Bongo Stays.
Bongo Stays is providing institutional buyers a complete package — properties, management, and scaling capabilities far beyond other management companies. Not only this, but it’s allowing these groups of large capital a unique diversity option outside of the US in emerging markets throughout Latin America.
Frank M. Valencia, Sr. Managing Partner of Global Operations states “With the upcoming adjustment in interest rates, ludicrous prices, and instability, the housing market in the United States is not ideal for large capital deployments in many geographies…” Mr. Valencia further states “Latin America is quickly becoming an attractive option for many investors looking to expand and hedge against their US holdings with much lower competition.”
Their unique proposition has generated over $195.9 MM in private money contributions. This is another example of institutions’ interest and strategic involvement in the short-term rental industry at a faster pace than ever before.
Looking strictly at the numbers, we dive deep into what makes these short-term rental and vacation rental numbers more attractive than a traditional rental. Jim Donaldson, Executive Vice President explains “Short-term rentals are able to capitalize on the volatility of demand. This means that dynamic and well-optimized pricing can generate yields in excess of 20% higher than traditional rentals.” In layman’s terms, this means that by charging per night, at a rate that adapts to supply and demand, the property gross earnings are higher than one could achieve with a long term tenant.
The hospitality industry holistically is quickly changing to include servicie apartments, homes, and unique accommodations. This has made it particularly difficult to create an all encompassing brand that’s truly standardized for the optimal guest experience. From having a pleasant check-in, to arriving to clean and equipped lodging, Bongo Stays is now a key player.
About Bongo Stays
They specialize in short term rental investing, property management, revenue management, and more. Currently manage over 20,000 properties in 14 countries and quickly expanding.
You can learn more by visiting www.bongostays.com or by contacting them directly at contact@bongostays.com
Media Contact
Company Name: Bongo Stays
Contact Person: Media Relations
Email: contact@bongostays.com
Phone: +1 (305) 614-29
Country: United States
Website: www.bongostays.com