Leasing your property for short-term rentals: everything you need to start
The rising popularity of platforms such as Airbnb has led to a surge of short-term property rentals, which are revolutionising both the rental and hospitality markets.
Renting part, or all, of your property out for the short term can be a great way to earn yourself some extra money, which could even be tax free, but you have to do it right if you want to be successful.
To help, we’ve put together a list of everything you need to know, do and obtain before you start offering short-term rentals.
Get your space ready for guests
Your home might be your castle, but not everyone will agree. As such, you need to make sure that it is clean and presentable to make it ready for your short-term tenants.
Make sure that you choose tasteful, neutral décor that appeals to a wide variety of visitors. All appliances that you offer tenants the use of need to be clean and in proper working order, as this will ensure that you make a good impression and keep guests coming back again and again.
Sign up to a popular platform
Next, you need to sign up to a short-term rental platform or advertise your rental on social media.
There are a wide range of short-term rental platforms and management services on the market, so you can find the one that will suit you and allow you to showcase your property in all its glory.
Write an engaging advert
When displaying your property on social media or a short-term rental platform, you need to highlight its attributes.
The written content of your advert should outline all of the local attractions in your area, as well as the facilities your short-term tenants can expect.
Images are important, as tenants won’t want to stay in a property they can’t view online. Make sure the space is clean and uncluttered before you take photos, so that you showcase your property in the best possible light.
Consider making short-term rentals your full-time business
If you find that your property is popular, then you could consider turning it into a hostel or full-time short-term rental home. This can be a daunting prospect, but you can work with outsourced professionals to help you transform your space into a profitable venture.
Commercial cleaning specialists Ideal Cleaning have experience working across the hospitality and leisure industries and offer a dedicated service tailored to this market, so this could be the ideal option for you if you want to create a space that visitors will be happy to call home for a few days.
Aim for good reviews
Most short-term property rental platforms have hundreds, if not thousands, of properties listed on them, which means that you need to make your space stand out from the crowd.
The best way to do this is by earning good reviews. There are a variety of tactics you can employ to earn good reviews and encourage tenants to rate you online, so employ these to ensure that your short-term rental adventure is a success.
Photo credit: Peggy (aka InstagramFOTOGRAFIN) at Pixabay