Staff are on call during the rentals to attend to any tenant queries. All rentals are secured with a refundable bond, and a rubbish/recycling removal service is provided.
“Many of our homeowners have been renting with us for many years,” says Mr Spillane. “The system works well to protect the owners and their assets.”
A new platform enables owners to create their own listings and manage the rental applications in an Airbnb style interface.
When the site goes public this week, selected applicants will be able to book houses.
Most tenants require accommodation for December 29 to 31, the three nights of the festival.
To ensure a more worthwhile rental period for the homeowner, organisers place a minimum five-night rental period. However homeowners are able to set their own minimum -night rental period.
Homeowners can also choose whether to accept R&V staff, sponsors, artists and/or reference-checked attendees.
They can earn from $400 to $1500 a night, depending on the size, location and amenities of the house.
No fees are required to list a house with R&V. Customers choose the per-night rate they want to receive for their rental, R&V adds a 20 percent service fee and this makes up the rate to the customer.
On receipt of an application to rent someone's house, R&V organisers check prospective tenants' references, provide details about the applicant, and the homeowner can decide whether or not to proceed with the tenancy.
