One of the fastest growing entrepreneurial markets in London is short-term rentals. London is a popular destination and staying in hotels can become expensive, which is why websites like Airbnb are so successful. People visiting London prefer a range of options for where they stay, and many like the home comforts feel of short-term rental properties.
Starting your own short-term rental business is an easy way to enter into the job market. With platforms like Airbnb, you’ll have all the assistance you need to upload your property’s details online. They often send professional photographers to help advertise your home to would-be renters in London.
Some Tips on How to Become an Airbnb Home in London –
If becoming a short-term rental proprietor sounds appealing, like any other job, you need a business plan. Along the way, you’ll need to invest time and money in the right places. If you already have a property, you’re halfway there. We’ll be assuming that you’re in this position for this blog, rather than adding the tasks in relation to buying a property.
The first thing to consider – what periods will you be leaving your property vacant? For some people, they only rent out their homes for short periods, and it’s difficult to consider this as a business venture. For others, they will have significant periods of time where their property can make money through rental. You’ll need to work out which category you fit into, especially for investment purposes.
To make a decent profit, you’ll need to work out the correct rental price for your property. Go onto the Airbnb website, and you’ll be able to reference similar houses or apartments to yours. And if you then take that rough rental figure and times it by the weeks your home will be available to rent, you have an estimate of what profit you can make.
There are other costs to consider. If you aren’t planning on overseeing the guest’s arrival and departures, you’ll need to hire an Airbnb manager. Start getting quotes for this service and fix any minor repairs before photos are taken for the website. It’s always a good idea to get your home professionally cleaned at the same time.
The final thing you’ll need to do is prepare some information about your home. What are its unique selling points? Do your bedrooms have en-suite bathrooms? Is there a pool or hot tub? Are you willing to allow pets? You can also think of some selling points as per your location for potential renters. If you have excellent amenities, bars, restaurants or days out nearby, make sure you mention it.
How Man & Van and Storage Can Assist You –
When you’re staying at your home, you will have furniture, appliances or personal items you might want to remove before guests arrive. Ward Thomas can collect any items of furniture that you don’t want to leave in your property to be taken to another location for storage.
The typical service that people use for this scenario is our Small Moves removals service. It’s our premium man and van package that all our landlord clients prefer. We charge by the hour, which reduces costs, making it efficient and cost-effective. You’ll be able to leave your house or apartment with the peace of mind that your possessions won’t be at risk.
Another service that a lot of our landlord clients use is storage. This is ideal for anyone who doesn’t have a dedicated storage space at home or work. Typically, there are two basic types of units: container storage and self storage.
People who are looking for regular access to their unit choose self storage. If you know that you won’t need to move your furniture back in straight away, container storage might be more suitable. By using storage, your possessions are safe from theft or damage. Moreover, your home will be clutter-free and ready for the rental market.
Ward Thomas – Your Partner for Removals and Storage in London –
Whenever you start a new business enterprise, it pays off to have the right people in your corner. At Ward Thomas, we work with hundreds of business owners every year to help them realise their potential. Our range of removals and storage packages are ideal to fit any business type. And it’s this level of choice that our customers enjoy that makes us the right choice for your Airbnb business.
The short-term rental industry is a relatively new business sector that is growing in popularity every year. And because of its flexible nature, it fits today’s trends and customer ambitions perfectly. That’s what makes Ward Thomas the correct choice for anyone who’s just starting out. Our removals and storage services incorporate the same level of flexibility and scope to ensure you always get the right service.
Achieving the highest standard of customer service is a crucial aspect of Ward Thomas’s ethos. Our number one goal is to provide the very best removals and storage service possible in London. We’re the capital’s prestige removals and storage provider, offering a range of premium packages you won’t find anywhere else.
If you want to partner your Airbnb business with London’s best removals company, contact us today. We’ll guide you through our unbeatable removals and storage services.