Should landlords look to long term solutions for their holiday lets?

The pandemic has brought significant changes to the lettings industry over the last year. Landlords have seen considerable movement as tenants look to relocate to incorporate home offices or the need for more outside space whilst the holiday let providers have been faced with moving their customer bookings further and further into the distance.

There is still a considerable demand for rental properties in our local area and with no guarantee that the tourism season will be able to resume for Easter, let alone the school holidays in the summer, could there be an obvious solution here?

Naturally, holiday lets provide a much better yield than a long term tenancy, but the stop/start cycle that the wider hospitality industry has endured has affected customer confidence. Even when the Government gives the green light for the industry to reopen, can we be certain that tourists will return consistently in the numbers we would need?

Matt Hutchinson, communications director of flatshare website, SpareRoom, told The Sunday Times back in June 2020:

“At the start of lockdown, we noticed a trend in landlords and homeowners switching from using short-term rental sites [such as Airbnb] to looking for longer-term security. Some mentioned concerns over widespread cancellations, others about lots of people moving in and out.”

There are two main benefits to moving back to a longer let strategy - a steady, regular income, over a minimum six-month term, and a dramatic reduction in the effort required to manage the property. No more marketing spend to fill the rental weeks, no more management of monthly bills such as utilities and the internet, as these would become the responsibility of the tenant and no more weekly or weekend changeovers which by their nature will now be required deep-cleans and therefore more costly.

Moving to a long term let, even in the short term, may yield less return but will be far less labour intensive over the same timeframe. It may be just the solution to provide a regular income until ‘normality’ can be resumed.

For more information or to discuss your individual properties, Andrew and Louise, our lettings specialists can be contacted on 0800 389 2939 or you can send a message via our Contact Us page.

You’re in safe hands

Trust our team of local experts to provide the best advice on a wide range of legal and financial issues whenever you’re facing a life change and need the best support.

0800 389 2939

Our team are available Monday to Friday 9am - 5pm

Find Your BranchMEET THE TEAM

She'll be glad you planned ahead

Organising your finances today, while planning for the future can be a challenge. We’ll put the kettle on – and take the pressure off.


You'll know when it's time to talk

From making a will, to matters of business law our qualified solicitors can offer advice and guidance. Pop in for a chat or call us to make your free appointment.


Sign up for our newsletter

Your details

Signing up to our newsletter will place you on our weekly property guide, providing you with the latest properties for sale and industry news.
You can unsubscribe at any time. We value your privacy and will not share your details.

© Poole Townsend 2017 - 2022. All rights reserved.
Poole Townsend solicitors Ltd (Company no:10964550) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness, LA14 1RP. A list of directors is available at the registered office address. Authorised and regulated by the Solicitors Regulation Authority number 647087. We are independent financial advisers authorised and regulated by the Financial Conduct Authority. VAT registration number :154365563.

Poole Townsend Estates Ltd. (Company No: 10960705) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness LA14 1RP. A list of directors is available at the registered office address. Regulated by the Council of Licensed Conveyancers to provide Conveyancing services. (Firm no: 3438) VAT registration number 288092466. Our Estate Agency is a member of the Property Ombudsman scheme.

Poole Townsend Estates Ltd Property Client account has client money protection, to view our Client Money Protection Certificate please click here. To view our Equality and Diversity Data please click here. The Propertymark Conduct and Membership Rules can be found here.

Professional Indemnity Insurance – please contact Martin Oates at the address above if you require details of cover held.

Registered with the Information Commissioners Office for data protection purposes (ICO No: ZA494153 & ZA331395)


Book Your Free Valuation

Fill out the form below and we'll get in touch to arrange your free valuation.

Your Details

We value your privacy and will not share your details.