The Edinburgh property market has long since been a haven for international property investors, especially those with children studying at the University of Edinburgh or other higher education institutions in the region. In 2015, international investors set a record, spending £574.12 million on Scottish commercial property assets. Since then, the number has continued to grow. Main Edinburgh attractors are the country’s culture, university education and improved air connections.
But a couple years after buying property, international investors are finding themselves in an unfortunate situation. After the children of the international property investors graduate and move away from the beautiful Scottish capital, many times their property will remain vacant or let for an insufficient price. With no one to live in the property and no one in Edinburgh to manage the property, desperate investors often turn to traditional Edinburgh property managers that charge high fees to ensure a steady, but low, income.
For international investors in this situation, there is now a solution to their management needs: Airbnb Management. By hiring an Airbnb management company, foreign investors have the security of a steady income with the promise of occupancy maximisation and an increased return on investment. Because Airbnb properties are let out at a nightly rate, investors can charge a higher rate than typical long-term lets.
By hiring a local Edinburgh Airbnb management company, international investors living overseas can rest assured that their properties are treated professionally. Companies such as Pass the Keys offers a comprehensive service (including listing and advertising, 24/7 key exchange and check-in, occupancy maximisation, professional cleaning, clean linens and towels, and 24/7 guest support) that ensures hassle-free income to foreign property owners.
Unsure about a steady return on investment? Pass the Keys now offers Edinburgh Airbnb hosts a guaranteed rent scheme. To learn more about this offer, check out https://www.passthekeys.co.uk/guaranteed-rent/.
To find our more about Property Management in Edinburgh, please visit https://www.passthekeys.co.uk/edinburgh/ to book a call with our new business team, or use the income calculator to find out how much your property could earn.