What is Co-Hosting?
Co-hosting explained
As co-hosts, we help listing owners take care of their homes and paying guests. We offer full-service co-hosting so owners do not have to worry about the logistics of running their property as a short-term rental.
We use the latest technology in its specialization of hosting families, business travelers, and leisure guests in the New England area on short-term rental stays. We help owners of homes maximize their income revenue through the way of home-share and short-term rental.
How we do it
We run every aspect of the short-term rental process, including:
- Marketing & photography
- Guest communication
- Security
- Dynamic pricing
- Vendor management
- Key management
- Revenue management
Are Short Term Rentals right for me?
Short-Term Renting Explained
You may be in a perfect situation to capitalize. Platforms such as Airbnb and Vrbo have seen explosive growth since they started and they're not expected to slow down. As more and more travelers look to houses and apartments to rent on a short-term basis (under 30 days), those with an operational Airbnb are enjoying a serious side income. In many cases, the income meets or exceeds their yearly salary from their full-time jobs.
If you have a property that is vacant, semi-vacant, or in a long-term rental situation, reach out to us to see if converting it to an STR makes sense. Not every property is in a perfect location to become an STR, but if it's in a desirable location you may potentially increase your rental income by 250% or more.
CASE STUDY*: A typical 3-bedroom 2-bath home in Middletown, RI can bring in $2,400 per month in rent, or $28,000 per year. That same home rented through Airbnb can actually gross more than $100,000 in the course of a year. So why would you want to leave more than $70,000 on the table?
*Figures are based on an actual home that HPS evaluated. The address is not shared here for the privacy of the homeowner.
Why short-term works
DEMAND IS GREAT
TRAVELERS SHOP BY APP
HOTELS ARE REACTING
Demand for short-term rented rooms in private homes is exploding while hotel room demand is stagnant. The number of short-term rentals in high profile areas isn't keeping up with the demand.
HOTELS ARE REACTING
TRAVELERS SHOP BY APP
HOTELS ARE REACTING
After realizing that their traditional hotel room model is antiquated, major hotel chains are buying up properties to open short-term rental properties to compete with Airbnb.
TRAVELERS SHOP BY APP
TRAVELERS SHOP BY APP
TRAVELERS SHOP BY APP
Travelers use their phones to find
- Rooms (Airbnb, Vrbo)
- Eateries (Yelp, OpenTable)
- Transportation (Lyft, Uber)
- Ways to pay for it all (Venmo, PayPal)