Tailored Short-Term Rentals for International Visitors and Global Corporate Clients
Handys, which has been operating the residence hotel brand UrbanStay, announced on November 4 that it is launching a new residential short-term rental platform called "plott LIFE." Plott LIFE is a new short-term rental service targeting customers with high payment capacity and demand for stays, such as international students, business travelers from global companies, and mid- to long-term tourists.
Because the domestic real estate rental market typically requires lease contracts of two years or more, customers needing short-term stays of one or three months have found it difficult to secure suitable properties. Handys' plott LIFE is a platform that guarantees landlords (hosts) secure rental payments for the contract period, while reducing the high security deposit burden for tenants (guests) seeking short-term rentals.
Guests using plott LIFE can conveniently sign rental contracts for residential properties through the web or mobile app, just like booking a hotel room. They also receive reliable management through customer support services provided by Handys. Hosts who register their rental properties on plott LIFE can expect up to 30% higher income compared to traditional monthly rentals, thanks to the relatively higher rents of short-term contracts.
Handys operates a global customer center for plott LIFE users, available 24/7 in seven languages. Reservations, payments, and settlements are all managed through a proprietary property management system (PMS), and a quota system for hosts is implemented by region to avoid excessive competition and enable stable profits.
Son Hongtak, Strategy Lead at Handys, stated, "plott LIFE is a short-term residential rental solution that both hosts and guests can trust. We aim to deliver new value to customers who have experienced inconvenience in the gap between the travel accommodation market, which targets short-term travelers of about a week, and the real estate rental market, which is based on long-term contracts of two years or more."
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