If you own property in Edinburgh, then you could be missing out on a golden opportunity. Rather than renting your property out permanently, you could rent it out short-term, mainly during the peak tourist season. For instance, in August during the Edinburgh Festival you could be making up to £2200 for just a 1-bedroom apartment.
Make it Easy With Airbnb Management
Short-term lets can be lucrative, and as any Airbnb host will tell you, you could be making a small nest egg for your own holiday with what you earn as a short-term let for tourists. With Elite's Airbnb Management in Edinburgh you can pass over the day-to-day grind of owning a rented property, comfortable in the knowledge that we are Airbnb and short-term let experts.
You could rent out a room where you’re currently living, or an apartment or house you own but isn’t currently occupied. When we say short-term lets, this could be a weekend, a week or a fortnight, or a month or two.
What Draws People to Edinburgh?
The Edinburgh Arts Festival
An extremely popular event and much of the rented property available will have been taken up due to the number of people who attend each year, so this is something you could use to your advantage.
Edinburgh has lots of other art events throughout the year, mainly focused between April and December. There’s word-class artists performing throughout these months, so it’s definitely an excellent opportunity to rent out your property.
Edinburgh, The Cultural Capital
If you don’t currently own property, it’s the perfect destination in which to invest for the reasons we’ve discussed already. Edinburgh is uniquely placed as the cultural capital of, not just Scotland, but the UK. There’s stable demand for accommodation and as well as tourism, because Edinburgh serves as a business capital after London.
There are many international conferences held in Edinburgh throughout the year, it is easily the most popular location in the UK for these types of meetings after London. Your property could be guaranteed a healthy income throughout the year with a more than generous occupancy rate.
Capitalise on Soaring Demand
There is a demand for short-term let property in Edinburgh so if you do own property in the city, then it would surely be booked out well in advance. Room occupancy rates are high, especially during peak periods.
Airbnb Management Edinburgh From Elite
If you want to capitalise on the accommodation boom in Edinburgh then why not come to us here at Elite Property Management to take the hassle out of the process? We have a range of Airbnb management services that will take the hard work out of letting and we pride ourselves on our expertise and attention to detail. Whether it’s a room or a whole house, get in touch today and let’s talk.