If you’re looking for an auxiliary income or perhaps a change in direction, there are plenty of readily available opportunities to get yourself into the short-term rental sector.
The housing and rental market is very different now from even a few years ago. In little more than a decade, the rise of the need for short-term rental properties is increasing year on year. One of the driving factors in this surge is the ability for people new to being a landlord to enter the market with relative ease.
If you’re thinking of starting a new short term letting business venture, Cardiff’s the ideal place. With so many companies around to work with, you’re likely to find the right chain of customers and clients. And for any prospective landlord, it’s vital to start thinking of researching what sort of networks you’ll need to make to get the right services for your company.
Tips on Becoming a short-term Landlord in Cardiff –
For a lot of people, the reason they consider becoming a short-term rental landlord is that they have a second flat or apartment. They’re not using it all the time and realise that they can make some extra money from it. However, it’s not that simple for many of us, so let’s look at the alternatives.
Let’s assume that you might be starting from scratch. You’ll need to enter the market as a new property buyer, which will require some planning and available capital. The first thing you should do is work out what sort of budget you have now. From there, you need to know what type of mortgages are available to you, so you’ll need to arrange a meeting with a mortgage broker as soon as possible. Mortgage brokers are very helpful and will give you unbiased advice based on your circumstances.
One option that could work is a buy-to-let mortgage. If you go online and search for this scheme, there are independent sites that provide the criteria. Some banks also have an online calculator which should show your eligibility. Often your bank will not offer the best rate, you should certainly sop around when purchasing a mortgage, the total repayment can vary wildly.
Another route to getting a second property is to purchase at a property auction. You will need to develop the property, so keep this in mind. This is by far the most time-consuming and labour-intensive of your options. Financially, this could eventually be the most lucrative but it’s not for the feint hearted. You will need bags of enthusiasm or at least a little experience to peruse this option. Should you follow this route you may realise that you don’t need your current job anyway. You can then ditch the 9-5 for the luxurious life of a property developer. Ok Maybe that is a bit farfetched and it certainly won’t happen for everyone, but we can all dream hey?
Once you have a property or progressing significantly with one, go online to check out the options you have when it comes to advertising your short-term rental property. The easiest way to enter this market is via an online platform like Airbnb. If you don’t intend on doing the day-to-day duties, you’ll need to get someone to manage your property. There are lots of people who specialise in things like Airbnb management, so get in touch with a few now.
Using Removals company for Your Short-Term Rental Enterprise –
Throughout your venture into the short-term rental market, you’ll need to create a network for sub-contractors and associate companies. As a landlord, you will have to move furniture and undertake maintenance. And one company you should include in your directory is Go Panda Removals.
As well as our full scale removals business we also offer a man and van service. Man and Van services are often a favourite with our customers who work in Property development, improvement and interior design. We also work with landlords who use us to transport furniture between properties. Additionally, we provide storage for both interior designers and landlords alike.
Go Panda Man & Van charges by the hour, which is ideal for keeping costs low. You only pay for the time you use our service, unlike most other man & van services in Cardiff who charge per day. By using our Man & Van service, you will have the full use of the vehicle as well as two members of Go Panda’s legendary removals staff.
Our Man & Van vehicles are ideal for navigating through Cardiff’s busy traffic. And because of our knowledge of Cardiff, we know how to avoid congestion zones and roadworks. At Go Panda, we plan everything in advance to make sure we’re as efficient as possible.
Go Panda Removals – Providing the Best Service to Cardiff’s Landlords
The Go Panda works with dozens of landlords in Cardiff every month. That’s why we understand the needs of people in this industry. We often talk with our customers to get feedback on what they use our services for. This is how we’re aware of how much the short-term rental market is increasing in popularity.
Go Panda works with thousands of business removals customers every year from every sector you can imagine. There are always common factors that are true to every industry. And one of the most important things that an associate company needs to do is turn up on time and complete to deadlines. At Go Panda being on time is an essential aspect of our business. That’s what makes us a reliable company to work with, and why we get long term business customers.
The short-term rental sector has lots of potential for growth. We believe that it will increase in size as more people look to become landlords in this industry. In comparison to many other fields, being a short-term rental landlord can provide a much quicker turnaround for seeing a return on your investment.
At Go Panda, we have the right people and equipment to undertake any job. Moreover, we have the right attitude and dedication to compliment any short-term rental landlord. If you want to work with Cardiff’s best removals and storage company, contact us