Buying to become a short-let landlord Buying to become a short-let landlord

Buying to become a short-let landlord

Published in Lettings on 7 July 2021 by our Marketing Team

With a lack of certainty on travel restrictions, many Brits are planning to vacation closer to home this summer, giving investors the opportunity to break into the short-let market.

 
 
Where should you start?
 

Lasting anywhere from one week to six months, short-term rentals can be a great investment choice.
 
Before deciding where to invest, you first need to think about the purpose of your rental, for example, are there any cultural events, attractions or destinations that could prove in-demand and help you to secure higher and more consistent returns?
 
Location is everything within the property sector.
 
Opting for somewhere with great transport links or nearby to an airport could give your accommodation an instant USP that increases its rental value per night or week.
 
The next step would be to determine how involved in the management side of things you want to be.
 
Short-term lets require more work but give you greater flexibility.
 
The key consideration you need to make is how to avoid extended void periods where the property is vacant.
 
If you’re looking to be highly involved in your lettings responsibilities, you might find that marketing your property across a multitude of channels helps you to build reviews and a trusted reputation, whereas you might find it beneficial to consult a letting agency if those tasks become too much.
 
To browse our properties and find your next investment, visit our website.
 
 

  
 

This article was originally published by BriefYourMarket and is reproduced here with their permission.

For more company news and insights from Pygott & Crone, click here

Members of the Relocation Agent Network

Part of a network of agents

We work with other trusted estate agents across the nation

Latest news

Positive ripple effects: Why now is a good time for first time buyers?
Magazine | 20 January 2025

Positive ripple effects: Why now is a good time for first time buyers?

For many, buying a first home is one of the most exciting and significant milestones in life.

Selling with tenants in place: A guide for landlords and tenants 
Magazine | 20 January 2025

Selling with tenants in place: A guide for landlords and tenants 

Selling a property with tenants in place can be a complex process, but it can also offer significant benefits for both landlords and tenants when managed correctly.

Are you ready for the Renters’ Rights Bill?
Magazine | 20 January 2025

Are you ready for the Renters’ Rights Bill?

The landscape of renting in the UK is on the brink of significant change as the long-anticipated Renters' Rights Bill moves closer to becoming law.

Five things landlords need to know in 2025
Magazine | 20 January 2025

Five things landlords need to know in 2025

As the rental market continues to evolve, landlords must stay informed about the latest trends, regulations, and opportunities to remain competitive and successful.

Chat live

Chat live with a member of staff

Please provide your name and email address to continue.