For a lot of business people in Nottingham, the reality of spending time away from home is part of the job. This means your home could be vacant for several days, weeks or even month. However, there are ways to take advantage of this. A lot of people who spend extended periods of time away from their houses or apartments use sites like Airbnb as a second income. It’s a great way to make sure your home isn’t left empty, and also earn money at the same time.
The Ready Steady Store team always shares any advice we think could benefit our customers and followers. So, we’ve put together some tips to help people make some extra income from short-term rental.
Top 5 tips for renting out your property
Airbnb – this site is the most popular way to rent out your property on a short-term basis. It’s not the only option but it a user-friendly way to get into the market. You’ll need to pass specific criteria points with them, but it’s the easiest way to rent your property out and advertise it with minimal effort on your part. Sign up and explore the site to see what it’s all about.
Home inventory – you’ll need to make a note of everything in your house or apartment. This will help to establish if anything goes missing and you also need it for insurance purposes. The best way to do this is to download a home inventory app. There are loads for free, and you can log your items per room and with photos. You can even send your inventory to your insurance company.
A thorough clean – this one is important. You need to make sure that your property is clean for when tenants arrive and after they leave. You can do this through a professional cleaning service, but it will depend on costs. Do your homework on this one and make sure to factor any costs into your rental price.
Property management – if you’re out of town you’ll need to consider getting someone to let guests in and out, as well as managing the property. Various services offer things like Airbnb management so do your research. There is also the option to advertise this as a private job to see if it’s more cost-effective than using a dedicated property management service.
The internet is your friend – so use it. If you have any questions about short-term rentals, you’ll find it on the internet. There will always be a lot of over-information, and some of it won’t be useful, but it’s there. Our main tip here – type in exactly what you’re looking for into Google.
Advantages of short-term letting
One of the things to remember about short-term letting isn’t just the additional income. You can also have the peace of mind that your home is less likely to be targeted by thieves. Empty properties can attract the wrong sort of attention, which won’t be an issue if people rent your home while you’re away.
Another thing to remember is that you aren’t tied down to any lease or contract. You’ll need to read the terms and conditions of any site you advertise or list with, but it’s up to you when you make your property available. It’s the most flexible option available, and you can take your property off the listing if you find that it isn’t working out.
If you decide to list your home on rental websites, you might have questions about the security of your possessions. Rather than leaving it to chance, the best way to safeguard your belongings is to use self storage. At Ready Steady Store, we take security seriously. Every storage room is security gated, alarmed, and has CCTV monitoring. Every unit has pin access code and a secure roller shutter door.
We also make it easy for you to access your self storage unit. We offer 24/7 access to fit around your schedule. Each storage unit is drive-up which makes loading and offloading your possessions easy. Our roller doors are designed to grant access to large, bulky items.
Even if you decide that short-term rental isn’t for you, it’s still important to make sure your possessions are safe and secure while you’re on a business trip. This is especially true for expensive or items that have sentimental value.
If you have any questions about our storage packages or facilities, please feel free to contact us at any time.