Letulet

Making short-term renting easy, compliant, and profitable for management and tenants, alike.

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Letulet is a Short Term Rental (STR) management software that brings incentive alignment & transparency to the Short Term Rental process, enabling management companies to maximize the value of their properties and increase tenant loyalty.

What is Letulet?

How does Letulet work?

Management Signs Up
for Letulet

Adds Building to
Platform

Invites Approved
Tenants

Decides STR Terms via Letulet T&C Template

Letulet Auto-Populates Lease Addendum

Tenant Begins Listing Apartment on STR Sites via Letulet’s APIs

Management Retains Visibility & Authority over STR Process

Easy & Automatic Revenue Share After Each STR

Letulet is the STR platformed designed with Management top of mind

FAQs

  • The Short-Term Rental (STR) market is a rapidly expanding, lucrative space that is projected to surpass $228.9 billion globally by 2030, at 10.8% CAGR Growth. Instead of fighting the rise of STRs with prohibitive lease policies, Management can capitalize on it.

    With Letulet, Management possesses the transparency, ease, and discretion to capitalize on the STR market, enabling them to extract even more value out of their already leased apartments and increase tenant loyalty.

  • Here are some of the top benefits of offering STR as an amenity in your building:

    • revenue generation for Management

    • extract even more value out of already leased apartments

    • STR rates far exceed rates that Management could charge for monthly rate and are not limited by rent control policies

    • improved tenant loyalty as they can now offset living costs while living more flexibly

    • competitive building amenity for attracting new tenants

    • can leverage for negotiating longer lease periods from tenants

    • additional incentive for tenants to pay rent on time or risk losing STR privileges

  • It is completely up to Management to decide which of their buildings and which of their tenants will be added to Letulet. Many Management Companies only grant STR privileges to tenants who sign longer leases or are always on time with their rent payments. To that end, STR becomes a powerful way for Management to incentivize positive tenant behavior and remedy key pain points like lease turnover and late payments.

  • Management always retains final authority.

    When finalizing the STR Terms with their tenant, Management can make any stipulations needed to ensure the STR process is as secure as possible, such as minimum STR durations. Even then, Management has final approval over STR guest bookings, and can be as active or inactive in monitoring of STR books as they choose.

  • Management can revoke a tenant’s STR privileges immediately through the Letulet Management account dashboard.

Increase Your Revenue & Tenant Loyalty

53%

(†)
53% of renters polled said that they 
would be more likely to sign a lease in a new building if it meant they could engage in STR

61%

61% of renters polled said that they would sign a longer lease if it meant they could engage in STR
Of that 61%, more than half said that they would sign a lease longer than 2 years

When asked to rank the following building amenities,
STR ranked as the most competitive

1. Permission to Short Term Rent

2. Pet Friendly

3. Parking Garage

4. Gym

5. Pool

6. Game Room

7. Rooftop Deck

8. Package Room

9. Front Desk Attendant

10. Bike Room

and unlike these other costly amenities,
STR is revenue generating for Management

(†) Polling group consisted of 10,000 renters, ages 18-45, live in apartments with monthly rent between $750 - $5,000+, in major urban cities.

See what Letulet can do for your portfolio