Should I rent out my home on a short term let basis?

Short Term Let My Home

If you have a property, a flat, house or any shared space in London you will already know how valuable space is in the capital. The demand for letting on a short term basis has significantly increased from both people visiting London for tourism/leisure and also for work or to visits friends. This is projected to continue growing as London remains a major attraction and place to visit.

The recent post Brexit drop in the pound has made visiting London an even more attractive for travellers from abroad. All of this means that strong demand has meant that many property owners are successfully letting out their places on a temporary basis with good returns.

Its great for guests as well since they typically pay less than for a hotel while staying in a much nicer place with much more space & amenities giving better value. So its understandable why its growing in popularity as an alternative accommodation to more traditional options such as hotels.

The challenge for hosts is how to go about making the property available for short term letting. The basic steps are getting the property listed on a suitable website, getting it ready for guests and managing it.

1. Where do I list my property for short term letting? Airbnb is the leading site in the market, has invested considerable resources to make it simple to use for both hosts and guests. There are many other websites also available, such as TripAdviser and HomeAway.
2. Getting the place ready will mean creating a listing and preparing the space to receive guests. Most of this is common sense such as creating suitable spaces for guests and ensuring that there are adequate amenities to support their stay.
3. Managing it is probably the most challenging part since it involves meeting and greeting guests, on-going guest communication, calendar management and cleaning/linen management, all the aspects involved in provide the actual physical service.

Whether you do all or part of above very much depends on your personal circumstances. Doing it yourself is very time consuming and requires being available at all times to communicate with guests and ensure the place is well managed.

Thankfully there are now many service providers who can help with taking away the burden of actually managing the place leaving you to get on with your other activities or enjoy your time away. This is where we come in at Hello Guest to provide a full service you can rely on for Airbnb management London as well as all the requirements for your property managed on a short let basis.

If you are interested further in these services, please don’t hesitate to contact us on hello@helloguest.co.uk