Airbnb partner Pillow is taking the original concept a little further than the industry giant by giving both tenants and property managers the chance to to benefit from short-term rentals.
Pillow’s model is based on greater transparency. The company achieves this by bringing in building owners into the action so that their residents can play host without any worries.
Pillow teams up with building owners and helps them to bring in extra revenues from short-term rentals that are compliant with all regulations. What this means is that building owners can provide an attractive new amenity for their residents while also decreasing their vacancy rates. Property owners gain access to reporting dashboards that give detailed insights into both their property portfolio and its performance.
As well as property managers, residents can also benefit with an end-to-end hosting service that generates extra income for them. Pillow provides a full service, with automated listing creations, secure access, and a professional and verified network of turnover assistance, such as cleaning services, new linen, supplies and more.
For guests, Pillow provides a digital guide that allows them to securely check in and communicate with their host. After residents are paid directly by Airbnb, an automated system charges them for the building’s share, which then gets distributed to the owner. The platform then generates real-time reports for building owners, summarizing unit-level details with revenue and enrollment rates for the entire property portfolio.
The platform promotes security with controlled guests and verified vendor access, protecting both guests and property managers.
Pillow goes a step further in helping to avoid unknown visitors, safety problems and overlooked revenue from uncontrolled usage. It also helps both owners and tenants remain compliant, following all local legislation.
The site also offers a guide to help find states with Airbnb and short-term rentals.