Blog

16 Feb

The Beginner’s Guide to Short-Term Letting

The Beginner’s Guide to Short-Term Letting

Over the course of a decade, technology has shaped and shook the world of hospitality.

Now? Anyone on earth can be a hotelier, and everyone from backpackers to high-flying execs can tap into a million properties and more, in a matter of a few clicks.

Putting some figures to today’s beguiling world of gig hospitality, we look to Airbnb, which has welcomed 60 million travellers in 34,000 cities around the world, and Booking.com, which nowserves up more than 1.5 million proprieties around the globe.

For those considering this fast paced and profitable world for their property, there is money to be made, yet this realm is not for the faint of heart. There’s the boring but wholly essential things to understand – stuff like tax implications and insurance coverage; then, there’s homework to be done if you’re to achieve optimal rental yield and occupancy. With so much to understand, learn and organise, we’d better get to work…

The hospitality gig economy – How does it work?

The hospitalitygig economy is booming – allowing guests and property owners to embrace technology to connect them with one another.

The premise is simple – the property owner posts their property on a website such as Booking.com or Airbnb, and guests search and book overnight stays online or by app.

While there are also other websites, such as Homeaway and Flipkey, we’re going to focus on the two biggest players in the UK market – Airbnb and Booking.com 

Airbnb versus Booking.com

It’s hard to believe that Airbnb has been around for just nine years; to say it’s come a long way would be a woeful understatement, as its forecasted profits for 2020 seem set to top $3 billion.In comparison, Booking.com is a complete newcomer, having only opened their digital doors to homestays as of 2015.

Today, the average London Airbnb host nets themselves a cool £135 per night – not to be sniffed at. As for Booking.com properties? The stats are harder to come by, but it’s accepted by hospitality traders everywhere that it’s just about the biggest player in the hotel room market.

When weighing up which platform to opt for, the primary differences come down to complexity and damage coverage. The latter point we’ll move onto in the next section. For now, let’s tackle the complexity – Airbnb is by far the easiest offering, allowing you to list within a matter of 30 minutes or less.In contrast, setting up business on Booking.com is a drawn-out process when it comes to adding your own payment processing and policies, and the dashboard isn’t as intuitive as the user-friendlieroffering from Airbnb.

You also need to consider the huge gulf in % fees – with Booking.com being 12% higher than the more purse-friendly 3% of Airbnb.

So, where to advertise? Despite Airbnb delivering many advantages over and above Booking.com, our best advice formaximum exposure is to advertise on both platforms.

Guest screening

Airbnb allows you to screen and verify guests prior to confirming their booking. This is done by Airbnb’s verified ID process, as well as being able to communicate with the potential guest directly.

Booking.com lacks the ID verification process, however you can protect yourself by:

1. Only accepting bookings from guests that provide their credit card details
2. Setting up and using a payment processor (such as Stripe or PayPal) 

Comparison of fees

 

Airbnb

Booking.com

Credit card fee

None

3%

Subscription fee

None

None

Booking fee

3%

15%

 

Getting paid

Airbnb releases payment around 24 hours after the scheduled check-in time, however the time it takes for this money to arrive in your account depends on your payment method. On the other hand, Booking.com requires that you take your own payment – presenting an invoice at checkout by paper, email or both.

Insurance

Airbnb provides insurance of up to £600,000, which is reassuring, in anyone’s book, but you should know that cash, jewellery, collectables and personal liability aren’t covered, so pay serious consideration to buying an added layer of home insurance if you want to be fully protected.

When using Booking.com, there’s no such peace of mind, and you’re left to your own devices with the ability to define your additional fees and charges (so be sure to include a damage deposit).

Airbnb versus Booking.com

Rules, regulations and red tape

Uh oh. Legislation. It’s complex, but it must be understood and adhered to before you even think about posting that property listing of yours.

First, it can be a realdowner to find that even renting your property as an Airbnb or Booking.com rental for a single night has tax implications. Here’s the simplest guide we’ve found as to whether you’ll pay tax on your short term let.

There’s also regional differences to be considered. As the prime example, since early 2017 Greater London properties have been subjected to a maximum 90 night letting per calendar year – anything over this, and property owners must seek permission from the local council.

Last but by no means least, there’s health and safety. Any short term let is subject to the same standards as a traditionally let property. Overlook this at your (and your guests’) peril – as one Airbnb landlady found, flouting these rules could land you in hot water with the law.

Best practices for guest safety

– Provide contact information, including local emergency numbers and the nearest hospital – clearly state how you can be reached, should your guest need to touch base
– Supply an easily accessible first aid kit
– Install a fire alarm on every level and regularly test whether they work
– Take care to prevent fire: read and adhere to the Government’s recommended guidelines
– Make your property child-proof, even if you aren’t planning on marketing to families (here’s a helpful childproofing checklist, from BabyCentre UK)
– Clearly mark out the fire exit, and create a map to include in your welcome pack
– Walk through your property and identify access problems and areas where your guests could trip or slip, then take steps to remedy them
– Tell your guests whether and where CCTV may be in your property
– Make sure your home is fully ventilated and that your guests can control the temperature with clear instructions

Screened stayers? Check. Safe guests? Double check. Choice between Airbnb and Booking.com? Check, check and check. Now? You’re all set for your own check-ins.

19951 Responses

  1. Букмекерская контора 1xBet является одной из самых известных на рынке. Огромный выбор спортивных и киберспортивных событий, множество открытых линий, высочайшие коэффициенты. Также, БК имеет широкий функционал и немногие дает возможность совершать ставки по уникальным промокодам. Используя промокоды, вы можете получить реальный денежный выигрыш, не внося абсолютно никаких средств. Фантастика? – Нет, Реальность Узнать актуальный промокод вы можете сейчас же, однако использовать его необходимо в соответствии с условиями и инструкциями, которые приведены ниже.

  2. The next time I read a blog, I hope that it wont disappoint me just as much as this particular one. After all, I know it was my choice to read, but I truly thought you would probably have something interesting to say. All I hear is a bunch of crying about something you can fix if you werent too busy seeking attention.

  3. Can I simply just say what a relief to find an individual who actually knows what they are talking about online. You actually know how to bring a problem to light and make it important. More people ought to read this and understand this side of your story. I was surprised you are not more popular since you certainly possess the gift.

  4. This is the perfect blog for anybody who really wants to understand this topic. You know a whole lot its almost hard to argue with you (not that I actually would want toÖHaHa). You definitely put a brand new spin on a topic that has been written about for ages. Great stuff, just wonderful!

  5. A fascinating discussion is worth comment. I think that you ought to publish more about this subject matter, it might not be a taboo subject but typically people do not talk about such topics. To the next! Best wishes!!

  6. This is the perfect webpage for everyone who wants to understand this topic. You understand so much its almost hard to argue with you (not that I personally will need toÖHaHa). You certainly put a new spin on a subject that has been discussed for a long time. Great stuff, just wonderful!

  7. Right here is the right webpage for everyone who hopes to understand this topic. You know a whole lot its almost hard to argue with you (not that I personally would want toÖHaHa). You certainly put a fresh spin on a subject that has been discussed for a long time. Wonderful stuff, just great!

  8. Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!

  9. Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!

  10. I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me?

  11. I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me?

  12. I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me?

  13. I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me?

  14. I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me?

  15. Cool. I spent a long time looking for relevant content and found that your article gave me new ideas, which is very helpful for my research. I think my thesis can be completed more smoothly. Thank you.

  16. Nice post. I learn something new and challenging on blogs I stumbleupon every day. Its always useful to read through content from other writers and use a little something from their websites.

  17. I am currently perfecting my thesis on gate.oi, and I found your article, thank you very much, your article gave me a lot of different ideas. But I have some questions, can you help me answer them?

  18. Do you mind if I quote a couple of your articles as long asI provide credit and sources back to your website?My blog site is in the very same niche as yours and my users would certainly benefit from some of the information you present here.Please let me know if this okay with you. Thanks!

  19. Reading your article has greatly helped me, and I agree with you. But I still have some questions. Can you help me? I will pay attention to your answer. thank you.

  20. Я на самом деле рад читать этот веб-блог, который состоит из тонн полезных фактов, спасибо за предоставление этих данных.
    Приглашаю тоже посетить мою страничку, где можно выбрать качественные футболки, мерчи, принты.
    Мужские хлопковые футболки Фамилии – купить в интернет магазине MerchPrintt

  21. I was very pleased to uncover this great site. I need to to thank you for ones time for this fantastic read!! I definitely appreciated every bit of it and I have you bookmarked to look at new information on your blog.

  22. Прописка Ребенка поиск со дня получения документов органом регистрационного учета Иркутск Тюмень Белгород Тверь Королёв Таганрог Северодвинск Старый Оскол Невинномысск Раменское

  23. The following time I learn a blog, I hope that it doesnt disappoint me as a lot as this one. I imply, I do know it was my choice to learn, but I actually thought youd have one thing fascinating to say. All I hear is a bunch of whining about something that you could possibly fix when you werent too busy searching for attention.

  24. Привет Там. я обнаружил ваш блог использование MSN. Это очень аккуратно написанная статья. Я не забудьте добавить его в закладки и вернуться, чтобы прочитать ещё вашу полезную информацию. Спасибо за сообщение. Я буду конечно вернусь.
    Приглашаю также посетить мою страницу, где можно выбрать качественные футболки, мерчи, принты.
    ➀ 150 000 лучших принтов на спортивные костюмы по цене от рублей! Купить спортивные костюмы с доставкой по Москве и любой регион. ➂ Произведем за 48 часов! ➃ Сделано в России!

    =gg+

  25. Oliverosf

    Привет, я верю это великолепно веб-сайт. Я натыкаюсь на это 😉 я могу вернуться еще раз так как я книга отмечен это. Деньги и свобода лучший способ измениться, будь богатым и продолжай направлять другим.
    Предлагаю также ознакомиться с моей страничкой о продвижении сайтов
    в интернете и привлечению посетителей https://baoly.ru/ww4sa

  26. Nice post. I learn one thing more challenging on different blogs everyday. It would always be stimulating to learn content material from other writers and follow a bit one thing from their store. I抎 choose to make use of some with the content on my weblog whether you don抰 mind. Natually I抣l give you a hyperlink on your web blog. Thanks for sharing.

  27. Привет всем, это мой первый нанести визит этого блога; этот веб-блог содержит замечательно и на самом деле прекрасно материал в пользу читателей.
    Приглашаю также посетить мою страницу, где можно выбрать качественные футболки, мерчи, принты.
    Женский хлопковый свитшот Чёрный клевер (Чёрный клевер) за 2949 ₽ на заказ с принтом надписью купить в MerchPrint (CKR-858073) ✌/

    =gg+

  28. Oliverylq

    Привет! я понимаю это вроде не по теме, однако мне нужно было спросить. Работает ли управление хорошо зарекомендовавшим себя веб-сайтом таким, как ваш возьмите много? я совершенно новичок в ведении блога но я пишу в своем дневнике на ежедневно. Я хотел бы завести блог, чтобы могу делиться моим опытом и чувствами в Интернете. Пожалуйста, дайте мне знать, если у вас есть любые рекомендации или советы для новых начинающих владельцев блогов. Спасибо!
    Предлагаю также ознакомиться с моей страничкой о продвижении сайтов
    в интернете и привлечению посетителей https://baoly.ru/54

  29. Youre so cool! I dont suppose Ive read anything like this before. So good to find someone with some unique thoughts on this subject. realy thank you for beginning this up. this website is one thing that’s needed on the internet, someone with a bit originality. useful job for bringing something new to the internet!

  30. This is the suitable weblog for anyone who needs to search out out about this topic. You realize a lot its nearly laborious to argue with you (not that I actually would want匟aHa). You undoubtedly put a brand new spin on a topic thats been written about for years. Great stuff, just great!

  31. I am an investor of gate io, I have consulted a lot of information, I hope to upgrade my investment strategy with a new model. Your article creation ideas have given me a lot of inspiration, but I still have some doubts. I wonder if you can help me? Thanks.

  32. I am an investor of gate io, I have consulted a lot of information, I hope to upgrade my investment strategy with a new model. Your article creation ideas have given me a lot of inspiration, but I still have some doubts. I wonder if you can help me? Thanks.

  33. After reading your article, it reminded me of some things about gate io that I studied before. The content is similar to yours, but your thinking is very special, which gave me a different idea. Thank you. But I still have some questions I want to ask you, I will always pay attention. Thanks.

  34. After reading your article, it reminded me of some things about gate io that I studied before. The content is similar to yours, but your thinking is very special, which gave me a different idea. Thank you. But I still have some questions I want to ask you, I will always pay attention. Thanks.

  35. Your article made me suddenly realize that I am writing a thesis on gate.io. After reading your article, I have a different way of thinking, thank you. However, I still have some doubts, can you help me? Thanks.

  36. Your article made me suddenly realize that I am writing a thesis on gate.io. After reading your article, I have a different way of thinking, thank you. However, I still have some doubts, can you help me? Thanks.

  37. Your article made me suddenly realize that I am writing a thesis on gate.io. After reading your article, I have a different way of thinking, thank you. However, I still have some doubts, can you help me? Thanks.

  38. Your article made me suddenly realize that I am writing a thesis on gate.io. After reading your article, I have a different way of thinking, thank you. However, I still have some doubts, can you help me? Thanks.

  39. Your article made me suddenly realize that I am writing a thesis on gate.io. After reading your article, I have a different way of thinking, thank you. However, I still have some doubts, can you help me? Thanks.

  40. Your article made me suddenly realize that I am writing a thesis on gate.io. After reading your article, I have a different way of thinking, thank you. However, I still have some doubts, can you help me? Thanks.

  41. Bask a warmer home with new ‘Best’ reviews and energy efficacious windows. Loyal habitation improvement specialist in Taunton Somerset. Taunton Doors and windows is organization serving housings overall Taunton and Somerset. Our specialists assure the best broad option of products that contain thing from traditionaltraditional uPVC sash doors and windows to bespoke conservatories to aid process your property living space. Of course what sort of property your looking to modify, we’re confident that something from our extended trade goods mountain range will more than see the wishes that you are searching. Get in touch with us without payment advice or inquiring today! Settled In all Somerset. WindowsTauntonSomerset is great settled to engage any and all home recover work to owners settled anyplace in the County somerset location. after a fashion as form of property you’re going to modify, we feel up to get whatsoever habitation in any way you lech. Season our company began. Somerset and Taunton Doors and windows have been impruving upon ldg along Somerset for complete 5 years long time, ensuring that buyers benefit of the best of his own and unusual know all moment. We make use of entirely pride quality things or to the highest degree authentic trader whilst perennially share-out you a individualised, localised touching. decade Yr Guarantee. Our firm are so sure that our entities will meet all expectancy, that each of them come in with a 8 year warrant for further order of mind. Our fully fledged group of fitters are skilled to the highest standards, point for some the products or their installation are of the advanced level. Incoming the circumstance that new products go wrong, our company honest support work group are glad to helper. Further info we can cognize on our website ,,, https://windowstauntonsomerset.com/ Windows Somerset pa

  42. At the beginning, I was still puzzled. Since I read your article, I have been very impressed. It has provided a lot of innovative ideas for my thesis related to gate.io. Thank u. But I still have some doubts, can you help me? Thanks.

  43. At the beginning, I was still puzzled. Since I read your article, I have been very impressed. It has provided a lot of innovative ideas for my thesis related to gate.io. Thank u. But I still have some doubts, can you help me? Thanks.

  44. Официальный сайт Hydra предлагает массу товаров и услуг на любой вкус. Здесь можно найти абсолютно все, о чем только можно подумать. А главное, проект не является простым магазином, а предоставляет посреднические услуги, работая в формате доски объявлений. Потому здесь можно найти большое количество продавцов, сравнить цены, посмотреть отзывы, оценить конкуренцию и подобрать наиболее подходящий для себя вариант. Остается только перейти на сайт Гидра по адресу https://xn--hdraruxzpnew4af-n35h.com . Сама площадка обеспечит вам безопасное пребывание, и поможет сохранить анонимность, даже без использования средства браузера Tor или VPN. Потому вы можете не беспокоится, и смело переходить на активное зеркало Hydra, ссылка которого указана выше. гидра тор

  45. Thank you very much for sharing. Your article was very helpful for me to build a paper on gate.io. After reading your article, I think the idea is very good and the creative techniques are also very innovative. However, I have some different opinions, and I will continue to follow your reply.

  46. I am a website designer. Recently, I am designing a website template about gate.io. The boss’s requirements are very strange, which makes me very difficult. I have consulted many websites, and later I discovered your blog, which is the style I hope to need. thank you very much. Would you allow me to use your blog style as a reference? thank you!

  47. I am a website designer. Recently, I am designing a website template about gate.io. The boss’s requirements are very strange, which makes me very difficult. I have consulted many websites, and later I discovered your blog, which is the style I hope to need. thank you very much. Would you allow me to use your blog style as a reference? thank you!

  48. I may need your help. I’ve been doing research on gate io recently, and I’ve tried a lot of different things. Later, I read your article, and I think your way of writing has given me some innovative ideas, thank you very much.

  49. I may need your help. I’ve been doing research on gate io recently, and I’ve tried a lot of different things. Later, I read your article, and I think your way of writing has given me some innovative ideas, thank you very much.

  50. I may need your help. I’ve been doing research on gate io recently, and I’ve tried a lot of different things. Later, I read your article, and I think your way of writing has given me some innovative ideas, thank you very much.

  51. Try chairs from different massage chair manufacturers.Eliminate the toxins-After getting
    up try to extrude tthe body;s wastes orr toxins by means of urine
    and stool. Wheyher you may have metatarsalgia, are already utilizing high heel
    insoles, or want Morton Neuroma; get relief immediatrely by geting acupuncture treatment,
    seeing a massage therapist, and utilizing merchandise with essential oils.
    Massage therapy iss a very diverse subject of operate and
    there aare plenty of kinds of therapeutic massage to determine
    on from that selection from full-physique stress relief to verry targeted methods that relieve muscular discomfort aand dysfunction. To
    dispel the stress, masseuses usually use their fingers or a
    trigger point software to dig deep into the affected are and applyy
    sustained in addition to agency strain. These gadgets prop iip
    our arches and metatarsals, thus lessening the strainn on our metatarsals.
    As well as, it has a pale yellow or brown suade and is viscous.
    As well as, it is rather efficient healing agent.

    My page; https://escortinalbertpark.com/city/Discreet-apartments-in-Eilat.php

  52. I may need your help. I tried many ways but couldn’t solve it, but after reading your article, I think you have a way to help me. I’m looking forward for your reply. Thanks.

  53. Если вам нужен быстрый трансфер на Азовское побережье, то Ugtaksi.ru Трансфер – это то, что вам нужно. Мы предлагаем надежные услуги такси с квалифицированными водителями и комфортным сервисом.

  54. I may need your help. I tried many ways but couldn’t solve it, but after reading your article, I think you have a way to help me. I’m looking forward for your reply. Thanks.

  55. I may need your help. I tried many ways but couldn’t solve it, but after reading your article, I think you have a way to help me. I’m looking forward for your reply. Thanks.

  56. I may need your help. I tried many ways but couldn’t solve it, but after reading your article, I think you have a way to help me. I’m looking forward for your reply. Thanks.

  57. Probably the most important steps to absorb serving to your muscles hel after an accident is to remain hydrated.
    Here are a couple of steps you possibly can take to relieve the
    ace and pace up your healing process. The objective here is to make the therapeutic massage
    look as reawl as doable and as clpose to a professional’s arms as much
    as doable. The consumer friendly show console and easy navigation will make even essentially the most inexperienced gym goer really feel snug
    in coaching. Even folks hesitate to visit
    doctor. There are many individuals joining tthe big
    group of indiviiduals having fuun with the medical massage chairs.
    If you feel sharp orr worsening ache, you’ll want to find
    a physician and search medical therapy as quiockly aas possible.
    Should you experience stabbing ache or consistent throbbing pain, this is an indication you need to
    ssek medical advice. It is an efficient sign that every one kinds of therapies which are
    largely conributing to the medical society are being accepted annd embraced by the public.

    While taking a cautious historical past,
    and performing a good bodily exzmination are key to diagnosing piriformis
    syndrome,the symptoms will be just like other disorders.

    Feel free to visit my blog:vgurgaonescorts.com

  58. долгосрочный займ на карту онлайн с ежемесЯчным погашением: простой и быстрый способ взять деньги в долг.
    В России МФО переводят микрокредиты частным лицам, в том числе клиентам с отрицательной историей и просрочками.
    В РФ можно оформить микрокредит онлайн на карту, электронный кошелек или наличными. Для получения займа необходимо оставить заявку и предоставить документы, которые потребует МФО РФ. Кредитный рейтинг и плохая история могут повлиять на процентную ставку и шанс получить займ немедленно. Можно получить быстрый микрозайм до 50 000 рублей, а также взять срочный микрозайм наличными.
    В текущем мире, когда время играет огромную роль, микрозаймы онлайн стали одним из самых популярных способов получения финансовой поддержки. Возможность оформить микрокредит на карту моментально и без отказа, а также оформить микрозаймы наличными, привлекает всё больше людей.
    Микрофинансовые организации предлагают большой выбор займов, включая срочные займы на карту, микрозаймы онлайн и микрокредиты наличными. Одним из главных преимуществ этих услуг является возможность получить кредит без отказа на карту в России в 2023 году, что становится незаменимым для людей с плохой кредитной историей.
    Среди прочих услуг МФК можно выделить кредиты без процентов на карту сразу в первый раз, что позволяет сэкономить на процентах и вернуть только ту сумму, которую взяли.

  59. Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!

  60. DomingoFet

    сдать золото без выкупа 585 – сколько стоит продать золото РІ РјРѕСЃРєРІРµ – РєСѓРґР° можно продать золото РґРѕСЂРѕРіРѕ
    http://skupkamsk.site/

  61. DomingoFet

    где можно сдать золото дорого – прием лома золота цена за грамм москва
    https://skupkamsk.site/