UK: London-based short let property management services company City Relay has acquired OutSwitch, in order to allow homeowners to make the most out of their rental properties and maximise their potential profits.
Built with professional property managers in mind, yield manager OutSwitch provides users with the ease of having both a revenue and operations management system simplified into one platform, enabling a more streamline and simplified approach. OutSwitch will continue operating as a separate brand to City Relay, led by Maxime Leufroy-Murat, founder and chief executive of City Relay, to develop and expand both businesses.
The acquisition provides City Relay with its own bespoke yield management platform, which it hopes will make it the most efficient short-term lettings platform on the market. The platform allows City Relay to focus on both yield and operations management, aspects which are often overlooked in traditional management services companies.
City Relay is seeing a growing trend for people looking to rent out their homes for the summer season. OutSwitch is tailored specifically for vacation rental managers, to ultimately help improve yields, achieve their full potential and stay on top of the competition.
The acquisition of OutSwitch follows news of City Relay securing substantial investment and the recent announcement of the firm’s Shepherds Bush reception space. City Relay is looking to further expand its scope of abilities to take the hassle out of letting out homes on a short-term basis.
Leufroy-Murat said: “Our acquisition of OutSwitch will enable us to further serve our clients to the best of our abilities and provide hosts with a streamlined platform which is not currently offered in the industry.
“City Relay is committed to providing the highest quality short-term let management services and moving forward OutSwitch is going to enable us to have our own yield management platform, further supporting us while we continue to grow and evolve,” he added.