Frontdesk Launch Frontdesk Flex Platform to Increase Occupancy for Multifamily Real-Estate Owners & Managers
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: 10 Nov 2020
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Fast-growing short-term rental tech company emerges from pandemic on top
MILWAUKEE, Wisc. (November 10, 2020) Frontdesk, a rapidly-growing short-term rental solutions provider and "Global Top 50 Vacation Rental Property Management Company," introduces Frontdesk Flex (FrontdeskFlex.com): a new suite of short-term rental solutions that changes the way multifamily real estate owners and managers engage in the short-term market.
Launching November 16, the company's new full-spectrum platform is the most flexible and most powerful short-term rental management platform for multifamily on the market. Flex provides multifamily real estate owners and apartment managers with the widest range of solutions needed to maximize occupancy yield and efficiently list available apartments on all the major short-term rental sites, including Airbnb, Vrbo, and Expedia. Flex offers a full range of solutions, ranging from the B2B Enterprise SaaS Platform to Full-Service Turnkey Management.
"The secret sauce behind the Flex platform is our team of experts to help you every step of the way," said Jesse DePinto, Co-Founder and Chief Product Officer at Frontdesk. "With Frontdesk Flex, our clients will enjoy access to our proven tech, as well as our team of experts in Revenue Management, Trust Safety, Listing Optimization, and Guest Support."
An Airbnb Superhost in multiple markets, Frontdesk has a proven revenue overperformance of 15-25%, with nearly 600 units available for rent across 28 markets in the U.S. To date, Frontdesk rentals have housed more than 155,000 guests, and at an average of 5,000 monthly stays, the company is on pace to hit 165,000 guests by the end of 2020.
"Core Living decided to partner with Frontdesk to fill the remaining 3-5% vacancy we often have across our portfolio. We currently have Frontdesk in 8 of our properties across the Midwest, including 34 revenue share units and six units with Frontdesk Flexs Beta program. We have also had conventional leases with Frontdesk in the past. Frontdesk gave us an instant boost of 2-10% occupancy at each location and an added $40k+ in monthly Net Operating Income across our portfolio. They are consistently bringing in close to or above market rent on all units, and in a completely new channel than our traditional leases. The new Frontdesk Flex system gives us the ability to bring the short-term rental revenue in-house and maximize our profits in doing so. I've truly enjoyed our partnership with Frontdesk, particularly their flexibility and creativity, responsiveness, collaborative approach, and that they deliver on their promise,"said Amy Johnson, Director of Marketing and Leasing, Roers Cos and Core Living.
DePinto will be discussing Frontdesk's growth and new technology offerings during the National Multifamily Housing Council (NMHC) OpTech Conference Exposition November 16-19. At the event, DePinto will join leaders from Airbnb, RealPage, Lincoln Property Company, and Inhabit IQ, in a panel discussion on the topic of Short Term Rentals 2.0: Whats Next?
"This new technology promises to change the landscape of the multifamily housing and short-term rental market," said Frontdesk Co-Founder and CEO Kyle Weatherly."As the travel industry quickly rebounds from the COVID-19 pandemic, the time is now to make this incredible technology available to the entire market presenting an opportunity for the efficient listing of short-term rentals as people get back to the travel plans they put on hold."
With pricing tools to maximize revenue, security features to protect your property, and advanced reporting tools to show measurable success, Frontdesk Flex isYour Vacancy Solution.
Find additional information about Frontdesk and the Frontdesk Flex Platform online athttps://stayfrontdesk.comandhttps://frontdeskflex.com. For video explainers, jingles, and more, visithttps://www.youtube.com/channel/UCtw99qv0sxduZgmcqGxey7Q
Amit Singh
Mumbai, India
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