After considering short-term rentals for
three years, Eddie finally made the
decision. In a matter of only six months,
he trusted us with three of his properties
around the city of London.
The Customer's Story
Eddie is a client traditionally inclined towards long-term rentals and, as an
owner of several properties spread around the city, he has always seen
good incomes coming from his family investments. In 2018, he conducted
an online search for short-term rentals, pondering alternative ways to
maximize his rental income. His findings were surprising, and the
testimonials of other homeowners immediately piqued his interest. After
finding us in one of his google searches, he contact us for more information
and a property assessment. Having weighed the pros and cons of changing
his traditional rental model, he decided to stick with long-term rentals for a
while longer. After speaking with us, he recommended our company to his
friend Sandra (see case study 1), who was also considering short-term
rentals in her studio. As a result of witnessing the financial rewards Sandra
was achieving with our management team, Eddie ultimately decided to let
us manage one of his properties: a studio flat near Sloane Square.
Solution
Inspite of several years of consideration, in the Spring of 2022, he finally
took the step of leaving one of his properties under our management. The
prospects of his long and detailed rental project enthused him, and even
though the project's budget was small, we too were very excited about the
upcoming project and the business relationship we were forging with Eddie.
We gained his trust and we wanted to prove him right. With a small budget,
we made a few changes in the property to increase it's attractiveness for
prospective guests.
Results
Eddie's rental income has increased dramatically since the first guests arrived six
months ago. The rental income from his studio apartment has been doubled,
rounded up to £4,000 per month. Due to this, he has recently passed over two
more amazing properties in Northwest London that will definitely bring him a lot
of financial success as travellers and businesspeople appreciate residential areas
far away from the busy centre.
Doubled his rental income
in less than 6 months
1 studio
+
2 houses
managed
by CityHost
£4,000 monthly
revenue from
the studio only