How Multi-Model Flexibility Can Help Property Managers Reduce the Impact of Regulations
Summary
This article discusses how property managers can adapt to strict short-term rental regulations by utilizing a multi-model approach, switching between short, mid, and long-term rental modes. It highlights the success of Your AirHost, a UK-based company that expanded geographically and offered flexible agreements. Hosts can learn from the strategies used to navigate regulations, including geographic expansion and owner-centric agreements to maintain and grow revenue.
Key Insights
- •Your AirHost offers monthly rolling agreements instead of multi-year lock-ins. This reduces friction for owners, allows a low barrier to entry for trying short-term rentals, and leads to better conversion rates.
- •Mid-term rentals (30-180 days) require a different operating reality, including less frequent bookings, more due diligence from guests, and different workflows.
- •The 90-day rule in London created friction, limiting client contract lifecycles. Geographic expansion into areas without such restrictions enabled year-round STR revenue and longer-lasting client relationships.
Action Items
- ✓Consider expanding into nearby markets where restrictions are less stringent and STR returns clearly beat long-lets.Effort: mediumImpact: high
- ✓Adapt your listing positioning to highlight amenities that appeal to corporate travelers or tradesmen, and create workflows to support these guest types.Effort: mediumImpact: medium
- ✓Evaluate your agreement structures to provide more flexibility and reduce commitment concerns, such as offering monthly rolling agreements.Effort: lowImpact: medium
Tools & Resources
- →Your AirHost: You can get in touch with Stefan at YourAirHost via [email protected] or visit the company website at https://www.yourairhost.co.uk/.(https://www.yourairhost.co.uk/)
Common Mistakes
- ⚠Failing to establish reliable cleaning, maintenance, and supply chains prior to expanding can hinder growth and damage quality.
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