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- 🏠Lessons from successful property managers
🏠Lessons from successful property managers
And how do you plan for an exit
Welcome to this weeks newsletter.
In this weeks edition we have covered some interesting topics where you can learn:
What are the common themes from 12 successful property managers
Considerations for how to plan for selling your property management business
The latest roundup of news and the abolition of the FHL tax allowances
See you next Saturday at 5pm?
Phil
Founder, My Holiday Guide
IN THE NEWS
Abolition of FHL Tax Allowances
The planned changes have now made their way into the Finance Bill, making the opportunity for changes to the policy less likely. Trade Associations are now focussing their efforts on this committee with the push for a pause and further concessions.
Other News
According to this article the number of holiday rental businesses in Cornwall has increased dramatically in the past decade, surpassing the number of hotels as travellers seek more spacious and private accommodation
Under new proposals, short let landlords in Wales will be expected to collect the proposed visitor tax
This article from Property Investor Today explains why the autumn and winter months are an ideal time to buy a holiday let property
This article, written by Bob Garner, the founder and CEO of EnviroRental, discusses the rising importance of sustainability in the short-term rental industry and the risks associated with ignoring this trend
LISTING PERFORMANCE & GROWTH
Tips and strategies to enhance the visibility and attractiveness of your holiday let.
Lessons from successful hosts and property managers
This week, we’re spotlighting 12 inspiring short-term rental professionals who have achieved remarkable results in the STR industry. In our featured article, you’ll discover:
How to tailor your property to your target market
Tips for providing exceptional guest experiences and communication
Proven strategies for growing direct bookings and scaling your business
Insights on adapting to market trends and building valuable industry relationships
Whether you’re a seasoned property manager or just starting out, these success stories are packed with actionable advice to help you grow your rental business.
You can read the full article here:
FEATURED RESOURCE
Highlighting useful tools and resources for your holiday let.
The Holiday Property Coach - When To Exit
“Is Your Short-Term Rental Business Ready for Your Exit? Key Steps to Prepare for a Successful Sale”
Lisa Roads from the Holiday Property Coach has recently written an article on considerations for Property Managers on when to sell their STR business.
The article covers:
The essential steps to prepare your short-term rental business for a successful sale, maximising your profitability and ensuring a smooth transition.
How to assess the market, identify potential buyers, and strengthen your negotiating position to achieve the best possible outcome.
Exploring the importance of meticulous financial record-keeping, streamlined operations, and a strong brand reputation to attract serious buyers and increase your business's value.
Valuable insights into crafting a comprehensive succession plan, protecting your team's employment, and navigating the emotional journey of selling a business you've poured your heart into.
You can read the full article here:
INTERIOR DESIGN
Interior design inspiration and decor tips.
PROPERTIES OF THE NEWSLETTER
We all love looking at and getting inspiration from other properties so here’s our top pick for this edition.
NO FOMO
Missed last weeks newsletter? Here’s one thing you might like.
How to View FREE Market Data
In last weeks newsletter we provided details on how you can view FREE market data for your region as-well as review a league table of the best STR properties in your town.
You can read the full article below: