Why Short Term Let your property?
More and more people are turning to short-term lets on their properties simply because the price of property in the Windsor area, and the South of England especially, makes it increasingly difficult to cover the mortgage on a standard six-month rental term. With prices for 2 bedroom properties exceeding the current stamp duty threshold, it is a hard pill to swallow and consequently difficult to claw back on a standard rental term.
Short term letting allows landlords to get more income than they would on a standard rental. The risk of void periods may be greater and therefore it is generally accepted that renters pay more for a weekly let as opposed to guaranteeing a 6 month tenancy. Let us help you to maximise your revenue with no commission payable – usually a saving of between 8% and 15% of your rent plus Vat. Accommodation Windsor Ltd focus on longer term corporate lets and have built up a loyal client base over the years since we started trading in 2004.
Some of the benefits of providing short term lets are listed below.
- weekly / monthly lets allow you to use the property yourself when it is vacant (some overseas landlords use their properties as a holiday let for themselves or family members)
- short lets attract a higher level of rent than standard 6 month contracts
- the property is cleaned and maintained more often and therefore problems are spotted quicker than if rented long term
- you don’t pay us commission like with traditional letting agents
- corporate guests tend to be away a lot – less wear and tear and stay longer than holiday renters
