LETTINGS NEWS: Reputable letting agents help landlords achieve best Airbnb income
Airbnb is the starting point for many business travellers and tourists, and this represents a great opportunity for owners who live away and want to generate income on their home.
There are now 80,000 UK homes advertised on Airbnb alone, plus a growing number on other similar websites. UK owners generated a remarkable £2.5 billion in income in 2015 and that figure is likely to be almost doubled this year, Airbnb predicts.
But ‘short let’ renting of this kind can be labour intensive so is always best managed by a reputable locally-based agent.
For example, a visitor renting for just a few days will require the property to be in tip-top condition – difficult for an owner who may live some distance away. In turn, there must be a secure transfer and return of keys, plus a check on the property condition when the tenant leaves. Owners may also need guidance on related issues, like insurance.
East of Exe now offers an Airbnb management service for properties in Exeter and East Devon, areas with huge potential for short lets to professionals and holiday-makers alike.