GuestReady, a Switzerland-based short and mid-term rental management company, has successfully secured its initial €1.5 million through its equity crowdfunding campaign on Seedrs. Founded in 2016, GuestReady states it provides services for homes on Airbnb across London, Paris, Dubai, Hong Kong, Kuala Lumpur, Porto, Manchester, Edinburgh, and Cannes.
“Our mission is to become the world’s largest short-term rental management company. We source our properties from property owners (hosts) and then rent these properties to guests. We coordinate all the required processes such as cleaning, linen services, or key-handover. We have developed a property management system, which allows us to automate many of the previously manual property management services or to deliver these services remotely from centralized support offices.”
GuestReady further explained in addition to the Software-only business model, it also offers Online Property Management services such as guest communications or revenue management to its clients, therewith increasing the attainable revenue share to around 6% in commission.
“Since 2019, we are offering a white-labelled version of our property management system (PMS) to vacation rental management companies and traditional property managers that intend to tap into the lucrative niche of short-term rental management. The software is offered at a commission of ca. 2% of the partner’s gross rental revenues.”
Funds from the Seedrs round will be used to continue the development of the GuestReady platform. The company is now offering 20% campaign, which is set to close at the beginning of December.
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