Ravi and Juxi are a husband-and-wife team who have been in the real estate investing space since 2009. They started with traditional long-term rentals and have dealt with all kinds of surprises, including stressful phone calls, urgent repairs, relocation, and evictions.
They decided to launch Premium stays with a clear mission in mind:
To do right with all the stakeholders involved.
1. To give apartment and multi-family building owners the ability to outsource their day-to-day lease turnover and enjoy stable passive income.
2. To leverage the short-term and mid-term rental needs of furnished living spaces with a focus on premium finishes and luxury experiences.
No catch—we don’t take a percentage of your rent. Guests pay a premium for short-term stays, and we simply retain any amount above your requested rent.
It’s simple – we operate a business that generates revenue and your rent is our cost of doing business. In addition to our business signing your lease, we will personally guarantee the rent.
Your relationship is important to us since it is the lifeblood of our business. We intend on being the last tenant’s you’ll ever have.
Our working and traveling guests may stay anywhere from 5 days to several months. This really depends on seasonality and the occupation of the guests. Many are remote workers or contractors that require a 2-3 month stay.
Security is of utmost importance to us. With your permission, we will install a Wi-Fi enabled security camera on the exterior of the building to ensure the guest is not accompanied by any unwarranted persons.
Many of our platforms perform background checks and ID verification. We are then provided this information from each inquiry we receive and personally accept or decline visitors. In addition, we ask guests for the reasoning of their stay, and take their story into consideration.
It is in our best interest to ensure both a professional and safe experience for everyone involved since our company’s reputation is always at stake.
We market our locations on numerous travel booking sites – including Furnished Finder, Booking, Airbnb, Travel Nurse Housing, Corporate Housing, and more. These are simply OTA platforms (Online Travel Agencies), and are used as a medium between us and our guests.
We market units to corporate travelers, traveling nurses, leisure tourists, and people traveling for business and work on several different marketing channels – all using our secure screening methods.
Let’s be clear—we do everything possible to prevent parties or events in our units and maintain the property in pristine condition. It’s in our best interest to keep these rentals in top shape, as any damage leads to downtime, lost revenue, and a negative impact on our reputation.
To prevent issues, we use noise monitoring devices that alert our team if sound levels exceed a set threshold. If that happens, we immediately intervene and, if necessary, remove the guests. While this is extremely rare, any maintenance or damage will be fully handled by us.
