A short let property is a rental property that is typically leased out for a short period, such as a couple of days to a few months, as opposed to long-term rentals which are usually for a year or more.
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You can advertise your short let property through online platforms such as Airbnb, Booking.com, VRBO, and other similar rental platforms. House of Luchini is the only agency in Cambridge to be partnered with Marriott. You can also use social media, create your own website, or work with local rental agencies.
Consider factors such as local regulations regarding short-let rentals, insurance coverage, furnishing and amenities, pricing strategy, cleaning and maintenance services, and guest screening procedures.
Provide clear instructions for check-in and check-out procedures, offer self-check-in options if possible, and have a reliable communication system in place for guests to reach you during their stay.
Have a list of emergency contacts such as local maintenance services, plumbers, electricians, and a plan for handling urgent situations promptly to ensure the safety and comfort of your guests.
Enhance the appeal of your property by providing high-quality amenities, maintaining cleanliness and comfort, offering competitive pricing, responding promptly to inquiries and reviews, and leveraging marketing strategies to reach a wider audience.
Risks and challenges may include fluctuating demand, seasonality, regulatory changes impacting short-term rentals, potential property damage or misuse by guests, and competition from other rental properties in your area.
Hiring a property management company can be beneficial as they can handle tasks such as guest communication, property maintenance, cleaning services, and ensuring compliance with local regulations. However, it’s essential to weigh the costs and services provided by different management companies before making a decision.
Encourage guests to leave reviews and feedback after their stay, respond to reviews professionally, and use feedback to make improvements to your property and services, ultimately enhancing the guest experience and attracting more bookings.
This isa A question we are often asked! Getting the styling and furnishing your property investment in the right way is vital as this is what people not only see when they stay at the property but it is what gets you the bookings in the first instance (via the online images and high quality images will improve your algorithm status too!) so it is critical to get “the look” spot on. We also appreciate that this is your property and not a hotel so it’s a balancing act of aesthetic with practicality too.
The UK population are a population of pet lovers! (Arguably pets are easier to control than children!) And to this end, it is often a wise and financially frugal decision to accept pets. Many guests have a pet, and many guests like to take their pet with them so allowing pets will broaden your target market, and in turn increases your income potential.
Of course, not every property is suitable for pets and additionally we find certain owners simply prefer to not allow pets in their property – and this is not a problem, but the financial implications, of lost bookings, is something to consider. Ask us for further guidance.
You can see on our website that we have a selection of pet friendly properties.
Over the years, at House of Luchini we have learnt that the key to successful property letting is consistently high occupancy levels throughout the year. That’s why we use everything from dynamic pricing to reflect demand, to flexible arrival and departure dates, as well as special offers to sell late breaks.
By generating a just a few extra bookings (and therefore extra rental revenue from these late bookings) House of Luchini can increase your profits significantly.
Unlike many other property rental companies, we are able to be flexible by using cutting edge technology and a pricing strategist that allows you to benefit through increased profits – and not just a case of “another booking” which is what drives most property let businesses – we want to build a long term relationship through profitable relationships. Contact us for more information
