17How do you as a buy-to-let investor best maximise your returns in a market that has become ever more difficult to achieve the type of returns that you used to get 2-3 years ago, or better, in a market more constrained by rules and regulations, and changes to the tax laws?
We believe we have the answer for our clients, a solution that we offer our clients exclusively, a fully managed, hassle free and lucrative alternative to the standard short and long term tenancies. So, rather than give up on the buy-to-let market look to evolve, open your minds and embrace the flexibility that our new rental product, SkyLet™ offers you.
You Can Count On us
So, how does it work? This is simple, we sign your property up and from there it’s up to us to source, let and manage your property. We do this through corporate contacts, portals such as Airbnb and various other outlets. Once we have your property you no longer have to worry, that’s our job. We deal with handovers, cleaning (both the apartment and linen and towels), we arrange entry to the property using our smart lock system and we deal with any issues that may arise during the let. We have also of late shifted to serviced apartments that work exceptionally well in our model, offering returns in excess of 10% NET after all costs. (Head here for more information on The Block)
Reach the Returns You Dream of
SkyLet™ is the future for the rental market, but like all new ideas, you may need some convincing. How do you achieve the returns we are quoting? Simply put, when you let your property on these very short-term lets the amount you can charge is far greater than even those of a long-term let. On average 6 nights rental on these terms would match an entire months rental on a standard let. On a property renting for £800 per month just 64 nights a year at £150 per night would attain the same yearly rate. With figures like that you can now see how easy it is to reach the kind of returns you can only dream of, just renting your property using this method we believe you can comfortably double your returns in any given year by letting your property for just 4 months.
Your Ideal Tenant
Why else do we like these type of rentals? Again this is simple the clients that use your property will be corporate clients here on business, or tourists visiting the city or friends and relatives, but the one thing they all have in common is that they are unlikely to spend too much time locked away in your property. The corporate client will use it as a bolthole to escape to when away from work, but typically clients like that are visiting to get work done and will spend less time sat in your apartment.
So why don’t they stay in hotels, well that’s simple many of us would have been away on business and realise that when you do get down time it is nice to relax in a home, in a central location, not locked in your hotel room sitting on the bed. It is that simple, this market has expanded dramatically over the last few years and has led to an explosion in this type of property on the market as demand for them grows. Corporate clients are big business and they now demand high-quality properties in city central locations. Tourists and the like are not dissimilar except they spend even less time at your property, they are mainly there to see the sights and immerse themselves in the local scene, not something you can achieve sat in your apartment.
As you can see the idea is simple, it is just that to benefit from this ever changing market you need a modern forward looking company that embraces change and uses it to enhance their client’s returns. So make the switch, evolve to the new flexile rental market of tomorrow, and enjoy the returns your investment should be offering you, today! Switch to SkyLet™ today