Many people who own a second home or have purchased a property with the intention of renting it out are discovering the potential of Airbnb or other similar holiday rental websites to gain extra income. For those of you who don’t know Airbnb lets you rent out your home or a room in your home like a hotel for short breaks. The income you can earn through these type of rentals can often be over 200% of what you might get per night if you were to rent it via a letting agent on a fixed 12 month contract. This is becoming increasingly popular and many home owners are curious as to whether it would be more suited to them or not.
There is certainly more work to do on a day-to-day basis by renting on Airbnb and many people don’t have the time to do it. Then theres the worry about whether your property will be sitting vacant meaning you’re not earning any rent, and on top of all of that there is the worry that your lovely home will be turned into a house party like a scene from American pie. These are all valid concerns and ones which we often get asked about however most of these concerns are often unfounded. Most people who do decide to put their property on Airbnb at the right price will find that their property is occupied 70-80% of the time – often more. This is dependant on the area of London the flat is situated however we regularly see customers who are shocked at how popular their listing is. By listing on a short-term holiday lettings company you also have that flexibility which you do not get with a conventional rental. We’ve all read the horror stories of peoples houses being trashed when rented on Airbnb however the actual number of issues on Airbnb remains very small (and you are covered by Airbnb if something does get broken). We ensure we screen all guests who are staying at your property to ensure you are only getting a high standard of guests – if you tell us you don’t want groups we can ensure we only list it to couples, it’s your choice.
By letting out your place on Airbnb there are undoubtedly more issues for you to deal with on a day to day basis. There’s the guest communication, meeting them to had over the keys, cleaning the place, checking for damage, re-stocking toilet roll, shower gel etc – the list goes on. Many hosts are realising that these jobs can be carried out by a dedicated team who take all the hassle out of short-term renting. They can deal with any issues your guests may have 24/7 and effectively you can let them run your Airbnb account for you. We offer fully managed solutions including all the cleaning for as little as 18% of your earnings. If you bear in mind that most short-term lets get over 200% of what they would earn on a long-term rental you can see that it is a much more economical option. What you also get with a management company is the extra work they put in to letting out your place. We can list your property on all the other popular rental sites such as HomeAway, House Trip and Holiday Lettings to make sure you have maximum occupancy.
T: 0203 488 1038
Eazy Management LTD
160 City Road