Who WE ARE

SilkStays is a boutique short-term stay company founded by Yee Lin Loke and Harry Wu.

We are NOT short-term rental property managers.

Our unique business model:

We lease your property directly as the tenant on a long-term basis

We then sublease it as a short-term rental (with your permission)

You receive guaranteed monthly rent without any management responsibilities

This is different from property management services - we are your tenant, providing you with consistent, reliable income and value for property owners without the management hassle.

Why Landlords Choose SilkStays

Guaranteed Rental Income

  • Fixed monthly payments regardless of occupancy

  • No vacancy periods to worry about

  • Long-term lease agreements (12-24 months)

  • We pay rent even when the property is empty

Superior Property Maintenance

  • Regular professional cleaning (up to 10 times monthly)

  • Quarterly deep cleans to maintain high standards

  • Prompt repairs for minor issues at our expense

  • 24-hour response time for maintenance concerns

Professional Guest Screening

  • Strict ID verification for all guests

  • Minimum night stay requirements to reduce turnover

  • Quality guest focus – families, travellers, business professionals

  • Strict no-party policy to protect your property

Long-Term Partnership Focus

  • Multi-year relationship approach

  • Reduced vacancy periods compared to traditional rentals

  • Regular communication and transparency

  • Mutual success is our business goal

Complete Peace of Mind & Protection

  • We handle all damages – as your tenant, any guest-related damage is our responsibility

  • Short-term rental business insurance covers property damage beyond normal wear and tear

  • Professional liability for all incidents and accidents on the property

  • 24/7 support for any emergency situations or concerns

OUR PROCESS

1. Initial Meeting: We discuss your property and our leasing terms

2. Agreement: We sign a standard residential lease as your tenant

3. Permission: You provide written consent for short-term subletting

4. Handover: We take responsibility for the property

5. Peace of Mind: You receive guaranteed monthly rent with no management worries

Frequently Asked Questions

What is SilkStays and how does it work?

SilkStays is a boutique short-term stay company that leases your property directly as a tenant on a long-term basis (12-24 months), then subleases it as a short-term rental with your permission. Unlike traditional property management companies, we become your tenant and provide guaranteed monthly rent regardless of occupancy, taking full responsibility for all management aspects.

How is SilkStays different from traditional property management?

Traditional property managers charge fees and you still bear the risks of vacancy, damage, and market fluctuations. With SilkStays, we are your tenant paying fixed monthly rent whether the property is occupied or not. You receive consistent income without any management responsibilities, vacancy risks, or additional fees.

What are the lease terms and payment structure?

We offer long-term lease agreements of 12-24 months with fixed monthly payments made regardless of occupancy. You receive your rent on time every month, even during periods when the property may be empty between bookings.

What insurance and protection is provided?

We carry comprehensive short-term rental business insurance that covers property damage beyond normal wear and tear. As your tenant, we are responsible for all guest-related damages and incidents. We also provide professional liability coverage for all accidents and incidents on the property, with 24/7 support for emergency situations.

What about maintenance and cleaning?

We handle all property minor maintenance with a 24-hour response time for concerns and cover prompt repairs for minor issues at our expense. Professional cleaning occurs up to 10 times monthly depending on bookings, with quarterly deep cleans to maintain high standards and protect your property's condition.

How do you screen guests and protect my property?

We implement strict ID verification for all guests, maintain minimum night stay requirements to reduce turnover, and focus on quality guests including families, travelers, and business professionals. We enforce a strict no-party policy to protect your property and maintain good relationships with neighbors.

Am I liable for Vacant Residential Land Tax (VRLT)?

No. VRLT only applies to properties vacant for more than 6 months in a calendar year. Since SilkStays occupies your property as your legitimate tenant, your property is never considered vacant, eliminating any VRLT liability.

Who pays the short stay levy?

SilkStays pays the 7.5% short stay levy, not you. As the landlord, you receive your full rent amount without any levy deductions. The levy applies to the operator accepting bookings (us), and you have no registration requirements or compliance obligations.

What happens if there are damages or incidents?

As your tenant, any guest-related damage is our responsibility, not yours. We handle all damages through our comprehensive insurance coverage and take care of repairs and replacements. You're protected from any liability or out-of-pocket expenses related to short-term rental operations.

About the founders

Property Investors Who Understand

Together, Yee Lin and Harry own three investment properties across Australia. As property investors themselves, they intimately understand landlords' concerns, priorities, and what makes for a successful landlord-tenant relationship. 

This firsthand experience shapes SilkStays' landlord-focused approach — they treat each property as if it were their own because they know exactly what landlords want and don't want.

Yee Lin Loke

As the founder and director of LYL Marketing and a mentor at Melbourne Innovation Centre, Yee Lin brings extensive business expertise and marketing knowledge to SilkStays. Her background in strategic marketing ensures that each property receives optimal visibility and positioning on short-term rental platforms.

Harry Wu

Harry is a Finance manager within the Victorian Government Department, where he has developed strong project management skills and a deep understanding of regulatory environments. His analytical approach and attention to detail ensure that SilkStays operates with the highest standards of professionalism and compliance.

Testimonials

John Doe

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Jane Doe

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Contact Us

Contact us today to discuss how SilkStays can help you maximise your property's potential while minimising your involvement.

SilkStays - Transforming Properties. Creating Experiences.