Absolutely correct, this isn’t a magic wand or get rich quick scheme, there’s more science to it than that….
However…
At the last check, 82% of the properties we assessed were capable of at least doubling their monthly profitability.
Many had the potential to deliver much, much more.
This property is in tourist area and therefore commands high rates for short stays, the owners overheads are around £1300 per month which leaves a NET profit of almost £1,900 for the month!
Type: 2 bed house
Property quality: Mid range
Target client type: Leisure
Location: Historic city with high daily rates and high demand.
This property is in an area with some big construction projects and we were able to secure an 18 month direct booking, the owners overheads are approx. £650 leaving a NET profit of over £1200 per month!
Type: 2 coach house
Property quality: Mid-range
Target client type: Contractor
Location: Small town near some large construction projects
Our guests pay in advance for their stays and as they don’t live permanently in the property the Housing Act rules and eviction procedures do not apply.
Most short term rental properties qualify for Capital Allowances which allow you to earn tens of thousands of pounds tax free.
Our guests quite rightly have high standards and expect our properties to be impeccably clean and well maintained, so that's exactly what we do.
Fancy a few days away from home for you, your friends or family? No problem, just let us know and we’ll block the dates out anytime, after all, its your property!