Depending on where your property is located, you may easily be able to charge the long-term monthly rental fee for as little as a week’s stay as a holiday rental. In just three months, you can generate the same income you would in an entire year, with any additional bookings simply increasing your return. This is particularly beneficial if you’d like to have the property free for you to use for your own holidays, with the option to block out those dates as it suits you.
If you’re a people person, listing your property as a holiday rental is also a great way to meet people from all over the world and share with them your neighbourhood insights. You won’t be stuck with unruly tenants for an entire year and have the opportunity to come and go from the property in between bookings to ensure it’s maintained. If you’re not a people person, you can always work with a co-host who can handle many of the tasks associated with managing your property in exchange for a percentage of the profits.
Listing your property as a holiday rental also gives you the freedom to change your pricing when you wish, without being restricted by a long-term rental lease. If prices in your market increase, you can increase your rates to reflect this, without having to wait until the end of the lease and risk losing money in the meantime.
While you might think there is less opportunity to background check prospective guests through a holiday rental platform when compared to long-term tenants, sites like EzyStayz ensure this isn’t an issue. All users on the site must have their identity verified before they can host or book, with reviews adding another level of trust. You can read through reviews from previous hosts before deciding to accept a traveller’s booking and determine whether they’re suitable for your property.
One of the best parts about listing on holiday rental sites like EzyStayz is that it’s absolutely free. You’ll only pay a commission when you confirm a booking, meaning there’s nothing stopping you from taking that first step and listing today!