Steven rents out his apartment on Airbnb remotely without having to manage anything.
Despite his move to Paris, Steven decided to keep his apartment for his frequent trips back to Montreal. Anxious to make the most of his investment, short-term rental seemed like a good opportunity to avoid leaving it unoccupied for the rest of the year. His problem: how to manage his Airbnb property remotely without losing profitability?
The apartment
- Location: Nuns’ Island, Montreal
- Surface area: 90m2
- Type : 4 1/2
- Management start date : January 2022
Managing Airbnb remotely: A concern for profitability and time
His apartment was empty for more than two-thirds of the year. As a result, her rental income barely covered her property costs.
Then, because of the distance and time difference, taking care of laundry, cleaning, keys and communication became a real headache. Indeed, managing Airbnb remotely meant being connected 24/7 for fear of missing a reservation. All this with a 6-hour time difference.
Frustrated at not exploiting the potential of his apartment, Steven contacted us in early 2022. His requests were simple. Firstly, that we increase his rental income. Secondly, that we take on all the burdensome tasks of short-term renting.
La mise en place d’une stratégie sur mesure
By skilfully combining short- and medium-term rentals, her apartment’s occupancy rate jumped in just a few weeks. What’s more, thanks to our dynamic pricing algorithm and our team of experts, the average rate for his apartment increased by 8.33%. By 2022, thanks to Conciergite, Steven had doubled his rental income.
Reservation request, communication, reception, departure of travelers, maintenance, cleaning, linen, publication of ads. Our Airbnb rental management service now takes care of his property from A to Z.
What’s more, the Host space specially designed by Conciergite enables him to track bookings in real time. He can also manage his calendar and block the dates of his choice so that he can stay when he’s in Montreal.
| Year | Occupancy rate | Average rate | Short term | Total income |
| 2022 Without Conciergite | 42% | 180$/night | 153 overnight stays | 29,070$ |
| 2023 With Conciergite | 83% | 195$/night | 303 overnight stays | 59,085$ |
A new investment
Thanks to his increased rental income and time savings, Steven has decided to invest in a new apartment: a meublé de tourisme located in Montreal, also his hometown. He is gradually paying off the purchase by entrusting it to Conciergite.
