🏠 Is setting up a limited company worth doing?

With Blue Monday well and truly behind us we can only look forward to early signs of spring; even though as I write this I am sitting in my house with no heating as the boiler decided to fail catastrophically yesterday! Happy days!

Here’s our round up of the latest news, tips and information to help you continue to grow your holiday let business.

See you next Saturday at 5pm?

Phil

Founder, My Holiday Guide

IN THE NEWS

Lodgify CEO Dennis Klett's top recommendations for the vacation rental industry in 2024:

• Success in managing holiday lets comes down to letting go of the reins by embracing more technology; allowing you to focus more on the most important aspect - guest interaction and growing your holiday let business

• Utilising technology, specifically dynamic pricing, is essential for optimising rates and increasing profit margins

• AI will continue to grow and impact the market, potentially changing distribution channels

• Consider creating a website for direct bookings, and staying on top of the new channels such as Google Vacation Rentals

Airbnb has created a US Housing Council to aid discussion with the (US) government and agencies on policies to “better balance the benefits of home sharing with the needs of communities”. Will they setup a similar council in the UK?

A nice success story from the US. Does anyone have a spare field?!

LISTING PERFORMANCE & GROWTH
Tips and strategies to enhance the visibility and attractiveness of your holiday let.

Have you considered creating a limited company? This article outlines the tax benefits of holding properties within a company structure, the potential for higher profits, and the increased availability of mortgages for limited companies.

Before making any decisions do discuss it with your accountant or tax advisor. Our directory has a list of Accountants and Tax Advisors you can contact.

Google Vacation Rentals has been live for a good few year now but so if you are looking at increasing the exposure of your holiday let it might be an easy option.

The majority of channel managers provide you with the ability to add your listing onto Google Vacation Rentals so it is worth checking how to add yours if you haven’t done so already. Google has a page that lists out which channel managers are connectivity partners.

According to this article 48% of EV owners have stated that they won't stay in UK hotels that don't offer EV charge points.

If you are considering providing an EV charging point, a good place to start is our directory which lists a range of chargers and more importantly software that will allow you to charge guests for usage.

FEATURED ARTICLE
Low cost tips for making my Airbnb more attractive to guests

Here’s an article highlighting some low cost tips for improving your listing and making your holiday let more welcoming to guests.

SAVINGS
Here's a quick round up of discounts and deals we are aware of from providers to the holiday let industry.

• Rinkits winter sale with up to 55% off is ending soon

• The Original Bed Co January sale continues with £150 off using the code NEWYEAR2024

INTERIOR DESIGN
Interior design inspiration and decor tips.

This article provides insights into the concept of vegan interior design, its inclusivity, environmental importance, growing popularity, cost considerations, and the ongoing efforts to balance sustainability in material choices.

One of the Interior Designers (Coral Interiors) interviewed is also listed within our directory.

Bold colours are back!

PROPERTIES OF THE NEWSLETTER
We all love looking at and getting inspiration from other properties so here’s our top pick for this edition.

JUST FOR FUN

Create a name for your new (or imaginary) property with this cottage name generator: