Monthly Airbnb rental, a beneficial choice for owners explained by your Le Lavandou concierge
Seasonal rentals are a real treasure trove of opportunities when it comes to making your apartment profitable. This is why the Le Lavandou conciergerie helps you by offering you complete support throughout your reservations. But while short-term rentals benefit from the influx of holidaymakers during the tourist season, they also suffer from a dip in visitors during less favorable periods (generally located in autumn and winter, outside school holidays). However, a simple solution seems to be gaining momentum with landlords and concierges: monthly Airbnb rentals or medium-term rentals. Your Concierge Le Lavandou explains everything to you.
A new approach to Airbnb rentals
This is one of the unintended consequences of the Covid-19 epidemic: monthly Airbnb rentals. This developed exponentially in 2020 until it became established in the practices of Airbnb regulars. Telework is one of the responsible for this change in behavior. Employees who had the opportunity to work from where they wanted took the opportunity to be closer to their families or to get away from their city and get some fresh air. As a result, they were the most likely to rent an Airbnb for a month or more.
During this very complicated period for the tourism sector, investors and owners of rental properties therefore adapted to this new demand to limit the losses that the pandemic was inflicting on their budget.
Airbnb online booking platforms have also quickly adopted this trend and have been offering an attractive service for monthly Airbnb rentals since 2020. And it is a success! Airbnb announced results confirming the popularity of long-term rentals: monthly Airbnb rentals accounted for 21% of bookings in 2021 compared to 13% in 2019.
A simple solution to make your home profitable during off-peak periods
The advantages of medium and long-term rental
The short rental has extremely interesting advantages in terms of profitability. Indeed, a seasonal rental allows you to double your rental income compared to a long rental over the same period. It may seem unreal to you, but once in the hands of your Le Lavandou concierge, your property will reveal its maximum yield according to seasonal flows.
However, these are the same seasonal flows that can lower your booking rate and lose you money over a full year. Indeed, depending on your city of establishment, the number of short-term rental requests can drop drastically as winter approaches. Le Lavandou being a seaside resort, it is nonetheless affected by these changes of pace despite its magnificent beaches and translucent sea.
Long-term rental makes it possible to compensate for this by offering Airbnb rentals by the month or more. Thanks to this, you, as an owner, are guaranteed to receive real estate income every month. Your summer profitability peak will give way to a smoothing of your income throughout the year.
The specificities of this type of Airbnb rental
To stay competitive and rent out your accommodation in the most profitable way possible, you must remain attentive to the rates to apply for an Airbnb monthly rental. Your Le Lavandou concierge will apply its market experience to offer benefits to tenants while remaining profitable. During monthly Airbnb reservations, the platforms generally offer attractive price reductions depending on the number of days rented, to attract travelers, employees or students.
However, this approach has some shortcomings, including the increase in taxes and other fees applicable to Airbnb rentals. Indeed, the tourist tax, the cleaning costs as well as the service costs of the various platforms can, in the long term, represent a large part of your expenses. Before embarking on monthly Airbnb rentals, contact your Le Lavandou concierge to study the annual profitability based on your costs.
By opting for a longer rental, you also give up part of your freedom to enjoy your property as you see fit. For example, it may be more difficult for you to take advantage of your accommodation on a whim or to share it with friends. You must respect the rental periods of your hosts.
Save time and money thanks to your Le Lavandou concierge
If we are addressing the subject of monthly Airbnb rentals, it is because at your Le Lavandou concierge, we believe that this is an evolution in the use of Airbnb rentals to be taken into account. Thanks to the advantages of this type of rental, your Le Lavandou rental management agency will allow you to increase your income while limiting the risks. By opting for a month-to-month Airbnb rental rather than a traditional long-term rental, you secure your income. Indeed, your Le Lavandou concierge protects you against the risk of non-payment and specifically studies each file to select only the tenants corresponding to your criteria.
Be aware, however, that a new option is available to you thanks to the appearance of the mobility lease. Established by the ELAN law of 2018, this lease allows you to rent your property (main and/or secondary) for a minimum of 1 month to a maximum of 10 months. Intended for people subject to great mobility (such as students), this lease is an interesting in-between between seasonal rental and the more traditional long-term rental. However, you will not be able to benefit from the protection provided by the Airbnb platforms.
While Airbnb month-to-month rental is a new branch of the rental industry, it represents a considerable advantage for both tenants and landlords. This is a very interesting alternative for owners wishing to smooth out their rental income throughout the year. Because long-term rental makes it possible to no longer suffer from the lack of reservations during low periods. However, this type of rental also has flaws that will impact your profitability. Call on your Le Lavandou concierge to manage your Airbnb rentals at least safely.
