With the uncertainty surrounding Brexit and travelling abroad on the cards, it seems that more and more Britons are considering a staycation this year, in fact 75% of us are favouring a stay on our green and pleasant lands, up 56% from last year! This of course doesn’t include overseas visitors, who also visit our shores seeking somewhere to stay.
The UK boasts a whole host of accommodation options from all inclusive holiday parks and hotels, to those who prefer to holiday in a caravan or a tent, however, more and more people are now favouring a home-from-home environment as their preferred accommodation, paving the way for a growing market of members of the public choosing to offer their main or second properties for rental as short-term holiday homes as a way of bringing in an extra income.
Indeed, even a spare bedroom in a main property could be a great option for occasional stays rather than the idea of a permanent lodger.
You never know the reasons people have for visiting your local area, so whilst you may not think of your property’s area as a tourist destination, people are often in search of a place to stay in a multitude of cities, towns and rural areas all over the UK, even more so however if your property is close to a historic landmarks or in close proximity and travel links to a main city.
Alongside tourists visiting the UK, there are also those who work away from home during the week and so will often seek a temporary residence on either a short-term or long-term basis, and may favour a property which offers home comforts rather than a hotel.
It may not have crossed your mind before, but the scope to offer accommodation to those who wish to bypass the usual traditional offerings is definitely a growing future market.
Air Hosting provides the opportunity to let your home, or a second property on a short-term basis all over the UK through Air BnB. Managing your own property via Airbnb and having to deal with your own bookings, lettings and management, can turn into an almost full-time job in itself and involves a huge amount of time, hassle and effort on your part, which eats into your financial return.
Our Air Hosting Management service enables property owners to earn an extra income by using a short-term let management agency. Air Hosting is great for those who perhaps work away from their main property during the week and would like the property to be earning money whilst they are away.
It’s also a fantastic option if you currently own a rental property. It’s common to think that renting your property to a full-time tenant is the best option, but on average Air Hosting could earn you 60-100% more renting nightly rather than long-term residentially!
If you have been wanting to rent out your home but don’t want the hassle of having to market the property, hand over keys, or clean up after each booking, then this is where the Air Hosting model could be perfect for you!
We will handle every aspect of the booking and although you may think that this will dilute your income, we typically find that those using a management company to manage their short-term let typically experience a 30% uplift in income compared to managing the property themselves. Plus, many pass these feeds onto their customer at no extra cost to themselves, saving them a lot of time, hassle and effort on their part.
Did you know that short-term lets are also tax exempt, meaning that short-term lets are also a great way to avoid the tax hikes given to buy-to-let landlords as those with Holiday Lets can deduct all mortgage interest payments from rent before calculating their tax liability in some circumstances, also claiming furnishing costs, meaning that renting your property out as a short-term let could also be a more tax efficient way of managing your second property.
If you have a rental property and want to work out how to get the best return-on-investment on it, or if you want to find out more about short-term lets for your main property then we’d love to chat with you. Simply pick up the phone and give us a call, and we can talk you through how Air Hosting works and how we can help!