Want to join the Airbnb boom? Or are you already enjoying the extra cash, but hate the hassle? Here’s how to make money, without lifting a finger with Pass the Keys.
Homeowners across the South West are seizing the chance to earn money by renting their vacant properties to tourists. The Airbnb boom has taken off, fuelled by Bristol’s all-year demand as a tourism destination. Approximately 18 million visitors a year are pumping £1.33 billion into the Bristol economy, along with demands for a more ‘authentic’ holiday experience.
Demand for Airbnb accommodation in Bristol experienced a growth of 90% in the past year, with Bristol hosting 140,000 travellers from 123 countries in 2017 making around £7 million. But while it may sound like ‘easy money’, opening your home as a tourist destination involves much more than simply handing the keys over.
Bristol’s property short let management business Pass the Keys has built its reputation for making Airbnb hosting easy for hundreds of clients. From creating a professional listing on Airbnb, cleaning and providing linen to guest support and key handling – they take care of every aspect an Airbnb hosting needs.
Here, Sean Boyd, the firm’s city manager in Bristol, has put together his top tips for a hassle-free short-term letting experience.
Make your listing pop out
Anyone can take a photograph and write a few words about their property, but to get it to really stand out requires some practice. Describe who your property is best suited for, share a bit about your neighborhood and how to arrive at your property from major transport links.
Make sure your listing comes with professional photographs which would stand out from the crowd and attract more bookings. As long you don’t redecorate your flat, the photo won’t have an expiry date and you can still use them in a year or two.
Ensure your key exchange and check-in works for everyone. Not everyone can take time off work to meet their guests in person. Your guests may experience a flight delay and you need to check them in at 11pm. If it is not for you, a property short let management service can take this on, handing over the keys and offering 24/7 guest support. Giving your guest more flexibility for arrivals is included in our service.
Make your guests feel at home
You may have had lovely guests, but your property will still need to be freshened up after they’ve gone. You’ll need to have time to change the bedding and towels and clean the home top-to-toe. If not, let your agent organise a professional clean after every guest.
Attention to detail also goes along way, adding little extras like plug adaptors, a hairdryer and even the basics to make a nice cup of tea go along way to ensuring your reviews are five stars and put you in a good position to obtain Super Host Status. So really put some thought into what you can add for your guests to give them the best possible experience.
Make the most of prime time
Many Bristol homeowners plan holidays around Bristol’s festivals, so they can let their accommodation at premium rates while they escape the city’s busiest time. In August, the average Airbnb price per night in Bristol was £170 with an occupancy rate of 83% – making it even more popular than London, so it is well worth letting someone else do the work while you reap the rewards.
Rewards can be impressive – Pass the keys and earn
A good property in the BS1 postcode area can earn in the region of £3,350 per month, with an average price per night for a property sitting in the region of £170.
Jess, who lives in Harbourside, has earned £8,200 since signing up with Pass the Keys in December and offering her three bedroom property for short term visitors. She said: “I took a new job overseas but didn’t want to give up my home in Bristol. Signing up with Pass the Keys means I can pay my mortgage and earn extra on top and still have my home to come back to”.
Sean also points out that Airbnb rentals can be for everyone. With services such as ours, Airbnb hosting becomes incredibly easy and you’ll be amazed of what you can earn in a short space of time.
Find out how Pass the Keys can help manage your Airbnb business. Visit: passthekeys.co.uk or Call: 0208 050 2818