Make a profit by renting out your home for short lets

The trend for couchsurfing - when you wangle a free night’s stay on a stranger’s sofa - has been cutting holidaymakers’ bills for a while now. But now a new website is promising to help London homeowners who want to make money from their beds to cash in
Unlike most rental agencies, allows homeowners to offer their houses and flats out for just a few days, and provides a full management service. Chief executive Greg Marsh claims its customers are “sophisticated travellers who can afford a boutique hotel, but seek a more unique experience”, whilst hosts are “people who haven’t ever let their homes before.”

So far listed properties include homes in Mayfair, Primrose Hill, Westminster, Highgate and a Thames houseboat. Onefinestay promises homeowners they will return to find their property “exactly how they left it, but cleaner” - it replaces bedding with hotel-style linen, and brings in guest toiletries, plus a cleaner. It also insures the building and contents.

The earnings potential depends on the home, with info available via a questionnaire at Onefinestay takes a cut that depends how long guests stay, but they claim net earnings are equivalent to the long-let rental value of a home.

Marsh says a family renting out their three-bedroom, family home in Holland Park for a month each year make around £4000, whilst those who are away far more, through working overseas or renting their London pied-à-terre make around £40,000 a year.

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