fbpx
phone
cross phone

 

Airbnb, Homeaway, Booking.com, Wimdu…  All these new companies show that Sharing Economy is in progress and attracts more and more people. This market allows every consumer in the world to earn extra money with their home. However, it is not that easy… We know that their home is almost the most important thing. Putting your home on short term rental can be a hard choice! That’s why we have established the five mains rules you need to help you decide whether or not to put your home on short-term rental.

#1 Check laws of your local short-term rental market

Every city has its own specificities concerning short-term rental. In London, “there are currently thousands of properties advertised on websites for use as short-term accommodation” (gov.uk). The government tries to include the sharing economy in their politics in order to give more flexibility and accessibility to facilitate hosts to put their house in a short-term rental. They want hosts to be able to “temporarily let their homes, without the disproportionate burden of requiring planning permission”.

The main rule to know in London is that you can only rent your house up to 90 days per year. 

At City Relay we are on hand to offer advice on all of the local regulations in order to provide full peace of mind to all of our hosts!

#2 Screen your guests

The notion of trust is one of the most important when you want to put your flat on Airbnb, Housetrip, FG Properties,… You want to know who your guest is, you don’t want to find your apartment ruined. There are many ways to check your guest profile. You can verify your guest thanks to their Facebook profile, previous reviews, and by calling him to be sure that this person is trustful. Then if you don’t want to do all these procedures (because it takes a certain time), it exists services like City Relay, a reception desk for short-term rentals,  which allows you to benefit from Hospitality Professionals who takes care of your flat and will verify the profile of the potentials guests.

#3 Set some ground rules

You can do whatever you want with your house: Be a total maniac (but your house won’t attract many guests) or be too lax (but you take some risks)… To optimize your rental you have to strike the right balance. You should add these eight house rules to your Airbnb listing:

  1. Extra guests

Are visitors or extra guests permitted?  How many?  What are the procedures for approval, if any?

  1. Smoking

Is smoking allowed, and if so, where?

  1. Off-limit areas

Where can guests not go? Any possible penalties?

  1. Eating areas

Can people eat in all areas of the home?

  1. Cleaning procedures

Where does trash go?  Should they clean the dishes?

  1. Gatherings or Parties

Are parties allowed?  Max size? Approval? Any extra deposit?

  1. Quiet hours

Are there any?  If you are leasing out a dedicated unit, consider your neighbours and follow what the norms are to avoid any neighbours complaints.

  1. Pets

Are they allowed? If so, what size?  Any extra deposit?

#4 Pick the right price

One of the most common questions we have heard so far from hosts is: How do I pick the right price? Setting a price can be hard but you could get reliable information from checking out the competition and other listings in your area, travel trends, and the interest people have in the amenities you offer.
But if you want to optimize your pricing and occupancy,  we have our own algorithm that updates your pricing daily to give you the smartest pricing possible and the best occupancy rate whilst remaining compliant to regulations!

#5 Promote your property

Find the best platforms to have the most efficient visibility. FG Properties will advertise your property on more than 50 channels and manage your reservations.

 

 

We can help you with the many challenges of being a host. City Relay is a dedicated Reception Desk providing front desk services: check-in, luggage storage, cleaning, laundry, price & listing optimization, guest support & communication and maintenance. We provide the very best guest & host management services in London. Becoming a host is quick and easy, simply click the button below and fill out your details to view your property’s earning potential!

Become a host

Up Next

short term let london kitchen dining area

Hosting tips

October 17, 2019

Understanding the London short let market – part two: rates and regulations

Last week, we shared with you some insights to help you better understand London’s short let market and the opportunities it presents. For...

Read More
short let management property london

Hosting tips

October 9, 2019

Understanding the London short let market – part one: the opportunities

If you’re considering offering your London home for short lets, we’ve compiled some brief information to help you better understand the current market....

Read More
255etYux

Hosting tips

September 19, 2019

5 reasons why you should work with an Airbnb management company in London

With London attracting upwards of 15 million tourists a year, the need for accommodation is extremely high. As the demand shifts from traditional...

Read More

Read More Blog Posts