property managers can now
REACH SHORT-TERM RENTAL INVESTORS
Croatia Villa for Sale, 11% yield based on 160 days of occupancy.
You have built an outstanding reputation for the properties you manage. At Triangle Luxury, we’d like to help you maintain this reputation – as well as ensuring that these properties remain in your portfolio, for years to come.
If a property you manage is up for sale and you’re concerned that it may get taken off the vacation rental market or passed onto another property manager – then uploading it as a listing with Triangle Luxury is by far, your best bet.
Adding your listing with Triangle Luxury, alongside its revenue and reputation history, will expose it to short-term rental investors who will gladly keep you on-board. You can even use the calculator on Triangle Luxury’s sleek platform, to enjoy great insights regarding your property value.
There’s no better time to showcase your property to the right people, while maintaining the luxury of managing it – at the same time.
STEP 1
Upload your rental for sale with photos, description and floorplan.
Step 2
STEP 3
We facilitate a call with the short-term rental investor for questions. They then may come to stay a night.
STEP 4
The property is sold! And you have the opportunity to keep managing it.
Our Investors Network
We have registered private investors, family offices and real estate funds interested in browsing our luxury vacation rentals for sale. After each registration we perform a thorough due diligence. They are active short-term rental investors looking for our financial tool to help them make the right decision. They buy internationally and are looking for the local support you can give them.
Property Criteria
We’re looking for properties that have a sales value of at least €1M. They can be anywhere in the world.
You must have at least 1 year of yield history to show.
Just ask the owner for their agreement to publish on Triangle.Luxury and let us do our magic!
FAQ
How do investors work alongside property managers?
Once a short-term rentals investor shows interest in a particular property and is seriously considering purchasing it, he sets up a zoom call with the Triangle Team and local experts. Investors get all the extra information needed about the home, the yield, the potential investment, renovation if required and extra benefits that the property may have. Investors can invite advisors or co-investors from their side and specify ahead the topics they would like to discuss.
Triangle Luxury’s local professional advisors will join the call and highlight tax and legal topics.
Next step, Triangle will organize the viewing of the property. The investor can also request to stay at the property, to experience it as a guest and “get a feel for it” before buying.
Finally the investor will have meetings with local banks and a notary, and of course the property manager. As part of the closing of the deal, the new owner signs a contract with the property manager ensuring that the rental starts generating revenue from Day 1.
Why is it important to put the property manager at the heart of the real estate deal?
Until now, property managers had no easy way to participate in real estate deals. Yet they have always been the first to know when an owner decided to sell and this usually resulted in loss of business.
On the other hand, short-term rental investors buying vacation rental real estate need to search for local property managers to operate their new acquisitions. This process takes time and is challenging in terms of who to trust. This is an even greater challenge when buying property internationally.
With Triangle Luxury, the property manager is at the center of the real estate deal. It is the first real estate marketplace based on the trust between property managers and property owners, a unique connection which can be “sold on” to the new owners. This trust is backed up by hard facts in terms of the proven yield records of each asset.
How do you evaluate properties?
When a property manager is uploading a new home for sale in Triangle Luxury, it is first submitted for approval. The Triangle Luxury team will analyze all the data including the price, relevancy, and yield before approving it to be live on the platform.
Properties need to have a sales price of at least $1M although we have made some exceptions for spectacular city apartments. Today the average sales value of our properties is $3M and the average cash-on-cash yield is 15%.
It is important to note that, outside of the US, the price of most luxury properties for sale are hidden and on request only. Thanks to our closed network, investors will have immediate access to the price.
We do accept a number of new build properties and properties which have not yet been operated as vacation rentals. These are matched with local property managers who then prepare a forecasted yield.