Short Term Lets for the Edinburgh Festival 28 Jun, 2017

Short Term Lets for the Edinburgh Festival

Share this article

If you own a furnished and fully equipped apartment in Edinburgh and know you won’t be using it during the Edinburgh Festival, you might want to consider letting it out during August. The rental income from just one month of the year can go a long way to paying for a holiday, getting ahead with your mortgage or splashing out on something you’ve had your eye on.
The Edinburgh Festival Fringe is the world’s largest arts festival and demand for accommodation is huge. Each year it attracts around 400,000 people and that number is rising. Whether you’ve got a studio apartment or a five-bedroom home, there will be hundreds of keen visitors willing to pay anything up to £5,000 for a month’s stay.

So if you don’t live in your property all year round or are looking to escape the capital city for the month of August, a short-term fully managed let could be the answer.

Demand for high-quality accommodation all year round

It’s not just the Fringe Festival that attracts people to Edinburgh. In 2015 3.85 million people visited the city, with around three-quarters of them coming for a holiday. That means it is second only to London in terms of international visitors. Christmas and Hogmanay are also extremely popular and the city hosts dozens of other international events and festivals throughout the year, such as the Film Festival, Jazz and Blues Festival, Children’s Festival and Storytelling Festival.

Increasingly, visitors to Edinburgh are wanting, not just a serviced apartment, but a “home away from home”, particularly if they are planning on staying and exploring the city for more than a few days. Edinburgh has thousands of hotel rooms but is always in need of more personal, homely, high-quality accommodation.

Why choose managed short-term lets?

With an experienced property manager like The Flat Company you can sign up and leave the rest to us. We take care of all the advertising and vet all potential guests to make sure they are the right fit for your property.

The reason many people don’t go down the short-term let path is the hassle involved. With a property manager, you don’t need to worry about cleaning and maintenance, handing over keys and checking guests in and out – we do all of that for you. We deal with every aspect of your rental and are on-call 24 hours a day in case any issues crop up which is especially handy if you are out of town or overseas.

With short-term lets you can let your property out for one month during the festival, three months or 12 months of the year – whatever suits you. This way you can make your property work harder and capitalise on the flexibility and increased rental income a short-term let provides over a long-term tenancy.
Interested in letting your property short-term? Contact us to find out more.