![]() ![]() ![]() In order to incentivise renters into taking a longer stay through Airbnb, the platform encourages owners to offer renters a weekly or monthly discount on their stay, a discount set out by the landlord. Whilst the online platform may have earned its name through short term lets, as of December 2020 over 80% of property owners listed on Airbnb accepted longer terms stays to accommodate for a surge in demand.Īlthough there may be little notable difference on the part of the owner in terms of listing the property on Airbnb for long term lets, it is essential that the owner considers their charges and cancelation policy. The rise in rental opportunities available on the letting platform is undeniable, with the Guardian reporting that from 2016 to 2019 the number of listings on Airbnb had tripled, souring from 76,000 to over 225,000 over this three-year period. But does this present an opportunity for all landlord? And would short term lets work for you? ![]() Whilst there is an argument to be made about gaining a higher rental income through accepting an increased number of shorter bookings, owners that have guests stay for longer periods can more easily sustain their rental business. How much will you charge for rent? What kind of tenants do you hope to attract? Will you let out the property furnished or unfurnished? Regardless of the question, for the most part the intent is to streamline the letting process and hopefully increase the rental income you receive.įor some this has meant bucking the traditional lettings trend and opening the doors of the rental to Airbnb guests. The main appeal for hosts that wish to utilise Airbnb for longer stays it the dependable income and heavily reduced workload, seeing months of rental income be somewhat guaranteed, providing the guest doesn’t cancel the booking, whilst saving the owner thousands each year in cleaning costs between guests and potential management and administrative costs. In becoming a landlord, a rental property owner will need to make a series of bold decisions about their business.
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