5 Things You Need To Know About Short-Lets
- August 2, 2019
- Posted by: admin
- Category: Real Estate
A short-let is a property which can be let from a few weeks to a few months. Any kind of property can be on a short-let, from studio apartments to bungalows to ten-bedroom duplexes. Short-lets are usually offered with bills included in the rent. Short-lets are not popular in Nigeria because just a few people know about it, and just a few house owners are willing to be part of it. This may, however, be because they are not well informed about the advantages. Below are a few secrets of why short-lets thrive around the world.
- Short-term rentals are a winner for owners and tenants
Come to think of it, what benefit do you have from an empty flat without occupants or a serviced apartment you want to sell, still empty – absolutely nothing. So, make money from it. You are entitled to cool cash from your apartment by adding almost nothing to it. I am sure you would appreciate the extra income. Tenants would rather rent a house than spend their hard earned money on a charmless hotel room, where the only means of catering is a kettle and a tea bag. Short-lets cost less compared to hotels.
- Complete Peace of Mind for the Homeowners and Tenants
The whole thing as hassle-free as possible for the homeowners, and it gives them complete peace of mind. A team of cleaners prepares the property for the tenants’ arrival (fresh linen and towels, wardrobe and fridge space). This continues if it is a serviced apartment. If it is not, the apartment is cleaned again when the tenants leave. And in the meantime, you’re getting someone to keep an eye on your house when you’re not there.
Rental prices are dependent on size, condition and location of the property. It’s a simple question of how much the owners expect to get and how much the tenants would be prepared to pay and striking a balance between the two, says Guy. A three-bedroom Duplex in Lekki may cost 80,000 per day, while a three-bedroom maisonette in Apapa may cost 80,000 per week.
- Your Property is rented out almost Exactly as it is
Both homeowners and tenants need to be relatively free-spirited. Your property is rented out almost exactly as it is. You can be imaginative about how many people it sleeps by including sofa beds. Tenants don’t expect it to be perfect – they’re paying much less than they would stay in a hotel, where you have to eat out for at least two meals a day.
- It is needed for flexible business travel
Travel has changed. People are travelling more, and not just for leisure, employees have become used to flexible business travel with International companies looking to share skills and experience across the globe. When travelling for leisure people are looking to immerse themselves in the culture of the country, wanting to discover the best places no one knows about and when travelling for business, people want space and home-from-home facilities. So, everybody wants the home feel, whether on a business travel or for leisure. Let them have it, while you make more money.
- It is a Cheaper alternative to hotel Accommodation
The simple concept of local hosts renting out their spare rooms to friendly travellers appeals to many and often offers a cheaper alternative to hotel accommodation. The same way a studio apartment or a room mini flat may be a good idea for somebody travelling to Lagos, from Abuja.
The good news is that some serviced apartments offer short let services, so you can enjoy the service of a hotel, in a residential environment and pay far less than a hotel. For me, it is the best alternative to a hotel.
Companies offering short-term let’s have worked to make the process as simple as possible, taking care of the whole booking and payment process with just a few clicks. You then also have your very own local host to tap for knowledge on the area so you can find all the best places that aren’t generally in the tour guides on the website. It’s a truly personal way to see a city.
Of course, high-end serviced apartments which also benefit from the attentive service you would expect from a top hotel are available for short lets. Each one-bedroom apartment oozes contemporary design with luxury finishes including cinema-style projector screen, wall mounted speakers, fluffy bathrobes etc. you may never want to go home.
Rodger young ltd as a real estate and management company offers short lets on some of our existing facilities and also our upcoming projects.