Myth 1: “I Don’t Want A Company Let”
It isn’t uncommon to think that as a short-term rental, your property will be frequently damaged. In fact, on initial conversations this is the reason we hear most often rejecting the use as a serviced accommodation property
Yet, in short term rentals reality, your property is looked after better than with a family as a tenant. Families have children and pets, and they consider your house their house during the contract, which means they are more likely to drill all walls and change the carpet. In this case, you are prone to receive a damaged property at the end of the rental.
Reality: Better upkeep than tenants
The majority of company let guests are from corporate or companies. This means that, no matter what happens during their stay, they’re backed by a company and at risk of disciplinary rules for any issues in accommodation. Any damages can be deducted from the guest giving you protection.
Besides that, guests of the company lets need to sign our own terms and conditions. If rules are broken, they can be immediately removed. In long-term rentals, if a tenant is damaging your property, you could have to wait up to 6 months to evict them from your property.
To make sure we are on top of things, we also clean the building whenever someone checks out (or at a minimum weekly on more extended stays). During the cleaning, we can ask the housekeeper to check the property and highlight issues quickly. Again, the company lets provide the landlord with more control over the frequency in which tenants are inspected, their properties professionally cleaned, and when the issues are identified and fixed.