Why Short Term Rental Is Better Than Long Term
Short-term rental agreements, such as those offered on platforms like Airbnb, can be more profitable for property owners than long-term rentals. This is because short-term rentals typically command higher nightly rates than long-term rentals. Furthermore, short-term rental may have less legal restriction and lower risk of eviction as compared to long-term rental. However, short-term renting is not all a bed of roses: managing frequent turnover and dealing with maintenance arising from increased wear and tear on the property are just some of the issues one may face.....Issues which are ALL overcome if HolidayHomed manages your home....And saving you the estimated 40 hours most beginner Airbnb hosts typically expend upon management!
What are the benefits of Short term or Holiday Rentals?
As a property owner/investor, it provides:
Flexibility to rent the property that you may live in. This means that if you're away for a holiday or work, you can reap a rental income in an otherwise vacant property.
A significantly higher return on investment than any other type of rental
Perhaps most importantly - the prescribed lease agreement for holiday/STRAs are not as strict.
What will I need to include in my rental price?
The price quoted for holiday/short term rentals varies based upon a booking of a couple of days, weeks to several months, inclusive of Property Tax (if an investor) and reasonable use of utilities. Note: Most landlords offer discounts the longer the rental period, but especially during low seasons to stimulate demand. Frequent promotions also provide an additional inducement to draw the holiday-makers eye!
All properties must be furnished, offer adequate self-catering accommodation, bed linen and towels. Provision of broadband is recommended, as most occupants will look for this service.
What is HolidayHomed commission?
Every property is different, so HolidayHomed tailor our service based upon the requirements of each individual landlord. We can be as involved as little or as much as you require of us.
We provide a total management service for short term rentals. Once we have matched a tenant to a property, this includes:
Collecting rental income
Liaising with the tenant to collect the tenant's deposit
Vetting the tenant
Arrangement of maintenance
Emergency response
Regulations management (gas safety, insurance etc.)
Inspections
Compilation of a full photo inventory at the start of each tenancy and reconciliation at the end of each tenancy
Arrangement of buildings and contents insurance.
A cleaning service and linen / towel laundering is also available at additional charge.
Our commission rate is 15% of the daily rental income. Commission is reduced for landlords with multiple properties.
