Rentals or lettings used to be inflexible and a minimum of sixth months but now, with Short Term Rentals Management and the advent of platforms like HomeAway (now known as VRBO) and Airbnb, you can rent your property flexibly picking the length of rental period and dip in and out of letting to suit your needs.
Short lets are lucrative and much more flexible particularly if you lead a life when you may want ad hoc access to the property. Short terms rentals or holiday rentals give you total control over when the property is let on a week-by-week basis, offering the ultimate in flexibility plus offering maximising the income opportunities.
The exponential rise of Airbnb
Based on the overnight rental of three airbeds in New York one evening in 2008 when all the hotel accommodation in the city was fully booked, Airbnb drew its unique name from the airbeds that the original guests slept on. One or two false starts later and in 2009, the company started properly and now spans more than 81,000 cities globally and is worth $30 billion dollars.
Airbnb sparked a revolution in both the hospitality sector and commercial letting allowing private property owners to open up their homes with a quick and slick system. Rental is flexible, short or long term and offers a win-win situation to both the guest who can avoid overpriced generic hotel rooms and the homeowner. In short, Airbnb can be whatever you want it to be and for the property owner that’s flexible, lucrative and simple.
The market slowed inevitably in 2020 due to the global pandemic but is building strongly now in 2021 as the world begins to tackle Covid 19 and get on the move again.
Short Term Rentals Management
Short-term rentals and holiday lets offer the greatest flexibility for your property alongside the maximum earning potential, however, there can be a lot of work involved in handling constantly changing residents.
The City Keys property management service can promote your property on Airbnb and HomeAway/VRBO and handle the entire process from the initial enquiry through to the booking, checking and looking after the tenant whilst they are in the property and then handling departure and housekeeping ahead of the next guest.
The rewards of daily and weekly rentals
Visitors to London whatever their status – tourist, student or business traveller – favour short-term lets because they offer freedom and flexibility and the added attraction of living in a real home rather than a hotel or holiday apartment.
The discerning visitor can choose from a selection of beautifully appointed homes throughout the capital presented to maximum advantage by The City Keys property management service.
For the property owner, the income from daily and weekly letting rates is uber attractive and far more lucrative than the commitment of a 1 -2 year short-hold tenancy. The market is diverse and busy and there is always someone looking for a rental.
The City Keys offers property management for every type of home and takes away all the hassle of frequent short-term lets with a smooth and streamlined service that will keep the tenants as happy as you are.
Why are Airbnb and HomeAway so popular?
These sites are so popular because they offer the homeowner and the visitor exactly what they want. The guest can enjoy the authentic feel of a real home with homestyle comforts and the personal touch – compare that to your standard hotel experience. For the property owner, there is access to a never-ending supply of visitors who want good accommodation on a short-term and flexible basis.
The downside for the property owner can be the amount of work in answering queries and managing multiple bookings but The City Keys property management service can take care of all of this. We handle enquiries, manage guests whilst they are in residence and organise the changeover and housekeeping ready for the next occupant. We also handle all of the booking admin and the payments.
Find out more about short term rentals management in London
Holiday rentals and short-term lets are great – lucrative and flexible – but this type of rental can be quite demanding and high maintenance. This is where The City Keys comes in.
Our property management service uses portals like Booking.com, HomeAway and Airbnb so we do all the hard work whilst you reap the rewards. Frequent changes of guest make this type of rental more like a hotel or bed and breakfast so there can be a lot more involved.
The City Keys welcomes enquiries from all sorts of renters, occasional, ad hoc, regular and absentee. Whatever type of property you have, our property management service will maximise its earning potential and take away all of the hard work of multiple visitors so you can just sit back and let your property earn and without the commitment and inflexibility of a longer let.
The City Keys are particular specialists in the London market. Click here if you want to find out more about short-term and holiday rentals and discover how The City Keys can manage your property whatever type of let you are interested in.