August 10, 2023

Announcing Guesty Capital

Parafin partners with Guesty to launch Guesty Capital

Sahill Poddar

We’re thrilled to announce our partnership with Guesty, a leader in property management software, to launch Guesty Capital. Property managers use Guesty to manage short-term rentals efficiently by simplifying “the complex operational needs that [they] face on a daily basis – from guest communication to task assignment to payment processing.”

The global short-term rental market is expected to generate $315 billion by 2031 (up from $91.2 billion in 2021), according to Allied Market Research. If we narrow our scope to just the United States, both supply and demand have increased YoY. AirDNA found that available listings increased 15.2% while the number of nights booked increased 25.6% YoY in 2023 so far.

As a result, property managers must remain competitive not only through general maintenance and upkeep, but also through continual upgrades that improve the guest experience. Guesty Capital fulfills both of those needs perfectly. Since property managers are pre-approved, they can get funds quickly for emergency repairs and start renovation projects sooner than if they were to wait for a traditional bank loan. Additionally, since payment is based on a fixed percentage of sales, property managers can feel at ease knowing that it moves flexibly with demand for their property.

We look forward to seeing Guesty property managers grow their businesses!