SEATTLE, April 3, 2015 (GLOBE NEWSWIRE) -- Pillow Homes, a technology-driven hospitality company for short-term rentals, is adding Seattle to its growing western U.S. footprint. Now Seattle residents can optimize their income from short-term home rentals without all the fuss of actually hosting guests.
Pillow offers homeowners two ways to earn income from their homes. The standard Pay-Per-Booking option means homeowners pay a fee of 15 percent of their rental income for Pillow's management services, roughly half the price of most competitors which routinely charge anywhere from 25-40 percent fee. Pay-Per-Booking offers homeowners more calendar flexibility.
But Pillow has also introduced a Fixed-Income Guarantee model also, the first of its kind in the industry, which locks in a pre-determined monthly rental income for homeowners. Using 85 criteria, including location, number of bedrooms, and amenities, Pillow is accurately able to predict both occupancy and daily pricing. This technology means Pillow's homeowners can rest assured knowing their rental income is secured each month, whether it rents or not.
Pillow's fixed income plan guarantees homeowners monthly payments that more than cover most mortgages, or can finance a vacation while away.
"We're bringing the predictability and consistency of the hotel world to the unique and heart-felt individuality of home-rentals," said Pillow CEO Sean Conway. "We're excited about launching in Washington to make home rental hassle-free and profitable for every Seattle homeowner."
For guests, every Pillow home comes with standardized amenities, hospitality touches, and 24/7 guest support to ensure a reliable and enjoyable stay. Pillow's service is increasing the supply of high-quality, short-term rental properties -- for corporate or vacation needs -- that offer both excellent hospitality standards and the unique and local experience that comes from staying in a home.
Pillow's online services include a proprietary pricing algorithm and booking engine, listing optimization and marketing, and customer service before, during, and after guests' stay. Local services include house cleaning and preparation, guest support, key exchange, maintenance and repairs.
Pillow currently operates in San Francisco and the Bay Area, Sonoma, Napa Valley and Los Angeles and plans to open a further 9 US cities within the year following the Seattle launch.
Pillow's management team includes CEO and Co-Founder Sean Conway and President and Co-Founder Justin Miller, who together previously founded Notehall which was sold to Chegg in June 2011.
Based in San Francisco, Pillow is a next-generation hospitality company helping homeowners maximize their short-term rental income by creating great guest experiences, without the time and effort required to personally host guests. For more information, please visit www.pillowhomes.com.
CONTACT: Media Contact: Gareth Edmondson-Jones (917) 399-9355Source:Pillow Homes