Further information about our Holiday Let Management Profit Share Package

How much can I earn with the Profit Share Package?

You can use this calculator to get a rough understanding of how much you would receive in income from a holiday let management via our profit share package

The figure at the bottom is all yours

The average nightly price is determined by market factors and will almost certainly vary from season to season

The more desirable the property, the higher the nightly price

Larger properties with more bedrooms, outdoor space, own parking, close to amenities, transport links, shops, pubs and restaurants will typically command higher prices than those without

As the location is also a big factor, the best way to get an accurate nightly rate would be to do a search on Airbnb or booking.com for similar properties in the same area

Longer stays are more profitable, but less likely to happen

It would be necessary to have at least 1 night between reservations

Voids are always going to happen, but we work to minimise them with advanced pricing techniques

Online Travel Agents (OTAs) i.e. Airbnb, booking.com, VRBO, Expedia, etc bring significant levels of business but take a commission

The calculator will show you the result at the bottom without you needing to press submit or provide us with any contact details.

If you would like us to contact you, please supply your name and a contact email and press Submit. You will also receive a copy of your calculation

What We provide?

Listing Creation

Every property is different. We take time to understand the property and the area it is located and work with you to create the most appropriate customer avatar.

We then create listings on all the major Online Travel Agents (Airbnb, booking.com, vrbo, Expedia, Tripadvisor, etc)

Calendar Management

We set up calendar synchronisation across all booking channels to prevent double booking

Ongoing Price Optimisation

Our systems constantly analyse the prices and the occupancy of similar properties in the same area. Using this information, combined with bespoke rules, our systems regularly update the nightly prices to ensure that the property is booked profitably

Custom Guest Guidebook

We will create a custom electronic guest guidebook which will detail all that guests needs to know and may want to know about the property and the local area.

Example Guest Guidebook

Guest ID checks

As part of the booking process we will request government ID which will be checked against the name and other criteria such as minimum age of the booker

Access will not be granted until valid ID is supplied

Guest deposit handling

We require guests to pay a security, damage, excess cleaning and excess guests security deposit

We handle the requesting, taking, holding and returning of this deposit

Check in management

Access codes and instructions are only provided once the checks have been completed and deposit paid

We also send automated emails on the first morning to check all is well and on the last night reminding them of checkout time and procedure

Guest Support

We provide first line guest support and are able to answer the majority of guest questions

Anything more in depth would be passed to the owner

All furniture

If the property needs or could do with new furniture, we will provide it

All furnishings

We will refresh furnishings as and where necessary

All small electricals

We will supply all the necessary devices such as lamps, televisions, microwaves, kettle, smart speakers, etc. We will not supply larger equipment such as ovens

All linens

A short term rental property requires lots of sets of linens to enable a fast turnaround to happen. We will supply all the necessary linen

Towels

Plenty of towels are required, and again we will supply them all

Photography

Guests look at the photos first, then read the text if they like what they have seen. We will dress the rooms and take professional photos for the listings

Housekeeping and minor maintenance

We will take care of all the cleaning, minor repairs and maintenance, restocking to get the property back to pristine condition each changeover

Contents Insurance

We will insure the contents with a policy from a reputable insurance company

Frequently Asked Questions

Will you cover the cost of cosmetic repairs to get the property ready?

Yes, we will cover the cost of cosmetic repairs and redecoration to get the property ready to accept guests

Will you cover the cost of major building works?

No, we would not get involved with major works such as structural, electrical rewiring or heating

Is my property suitable?

Probably, however, there are a number of things to consider starting with looking at any restrictions which may apply to the property. These restrictions could be imposed by, for instance, the Government, local authority, building covenant / management, your mortgage provider, etc.

We will also check to ensure that using the property for serviced accommodation doesn't detrimentally affect the local housing supply

There are some less tangible considerations such as whether the property is located in an excessively seasonal location: there has to be enough trade throughout the year to sustain the business

Can I inspect the property?

We welcome inspections

We will provide you with a link to our live reservation calendar. You are welcome to visit the property to inspect during a changeover or void period at very short notice - even same day

How do you prevent issues such as parties and anti-social behaviour?

We require government ID to be provided as well as addresses and a security deposit. We check to ensure the lead booker is over a certain age and does not live locally

We require guests to sign our terms and conditions which allow us emergency access at all times and reserve the right to terminate reservations immediately for serious breaches. We do not accept single night bookings - our normal minimum is 3 nights

Typically we tell prospective bookers that there is CCTV in use at the entrance(s) - whether this is the case or not

Do you still get problem guests?

Yes. Very occasionally.

Problem guests are much easier to deal with than a problem tenant

During the course of an AST, it is perfectly possible for a tenant to cause massive amounts of damage through poor hygiene; allowing pets to toilet everywhere; neglectful and even willful destruction. A tenant living at a property can be very difficult to remove, especially if they have nowhere else to go

On the other hand, guests have a booking for a comparatively short, finite amount of time. If they cause issues. then our wide-ranging, but reasonable terms and conditions allow us to enter the property and terminate their stay if they are in serious breach. They cannot extend their stay without agreement

Tenants living in a property under an AST have tremendous protections in law. Short term rental guests do not benefit from these protections