Against the backdrop of a cost of living crisis, you would be forgiven for thinking that making a business investment right now would be an incredibly ill-advised decision. But when it comes to investing in a short-let franchise, we have found that the opposite is actually true!
As properties in the UK increase in value, mortgage rates are being similarly impacted and there is a risk that mortgage rates will become higher than rent payments. Currently, the impact of mortgage rate rises is one of the biggest factors affecting the housing market. The opportunity to earn a lucrative income by short-letting your property or second home has therefore become very appealing to many UK homeowners looking to supplement their income against rising mortgage costs.
Alongside increasing mortgage costs, the travel restrictions related to the recent pandemic have led the British “staycation” market to soar, as more holiday makers seek to explore the British Isles and holiday closer to home. The pandemic also increased our appetite for working remotely, and more and more of us are living more flexibly whilst working from home.
However, many second home owners are reluctant to enter the short-let market because they cannot commit to the workload of short-letting their property. With busy lifestyles, careers and caregiving responsibilities; many interested property owners are looking for a local who can remove the workload of short-letting from their hands. This way, they can sit back and enjoy the lucrative income of short-letting, without the associated stresses and strains.
Is an Airbnb franchise right for me?
If you are looking to become your own boss, and start a local business that puts you in the driver’s seat, then why not consider a Pass the Keys franchise?
We aren’t looking for professional qualifications; just hard work and a genuine passion for the short-let market and putting a smile on each and everyone of your guests’ faces. With over 70 franchises across the UK, we can offer a proven business model which will set you on the ground running and allow you to reap the rewards of your hard work in your local area, with the support of a national brand.
As an Airbnb franchise owner, your role will be to grow a portfolio of managed properties to homeowners in your chosen territory. And as we’ve established, there has never been a better time to offer your services as a local short-let property manager, as thousands of UK property owners are looking to the short-let market to help finance rising mortgage costs.
Whilst prior experience in property, sales or marketing is ideal, it’s by no means essential. All we require from our franchisees is passion and elbow grease! If you believe you’ve got what it takes, we’d love to hear from you.
What locations are available to me?
We have a select number of locations available in Darlington, Northumberland, Stoke-on-Trent, Crawley, Worthing, Bristol, Norwich & Leicester. However, please still reach out to us if you are interested in another area, as certain locations have a very high demand!
Why not give us a call today on 020 8050 2818 to chat to one of the team? Whether you just want to find out more or are interested in a specific location, we’d be happy to help.