Pass The Keys East Shropshire and Stafford

Following yesterday's Spring Budget announcement that the furnished holiday lettings (FHL) tax relief will be abolished from April 2025, some landlords may start to feel nervous about investing in the short-term property market... The new legislation will level the playing field between short-term and long-term lets, which would offer property investors a more balanced decision on which avenue is right for them. So, why should property owners still consider investing in short-term rentals? ✅ They help drive the economy in many parts of the UK, boosting tourist spending, providing employment and supporting local businesses ✅ They provide an alternative solution to having an empty second home which contributes much less to the local economy ✅ They offer full flexibility for owners to be able to use their own property at any time, ideal for those who wish to travel or are away on business most of the year There is still also another 12 months to take advantage of the FHL tax benefits which comes into force in April 2025, after which, it estimates landlords could lose an average of £2,835 pa. At Pass the Keys, we work closely with our hosts (existing & new) to guide them through all current and new government legislations and how these impact them directly, to help generate the optimum financial return for their investment. #springbudget #shorttermrentals #passthekeys #airbnb

Here 👇🏼 are 3 mistakes to avoid when looking for a short term rental property manager 🏠 1. Choosing the cheapest option: While it's important to keep costs in mind, don't make the mistake of choosing the cheapest property manager you come across. Cheap doesn't always equate to quality service and you might end up regretting your decision in the long term if the property is not well-maintained or your hosts are unhappy due to poor management. 2. Not doing your research: 🔎 Make sure you do a thorough background check, Look into their experience, expertise, reputation, and reviews. This will help ensure that they are reliable and capable of managing your property efficiently. 3. Not having a clear understanding of expectations: Communication is key when it comes to managing your property. Make sure you have a clear understanding of what services will be provided and what their responsibilities and expectations are. Are you Looking for a property manager? Here at Pass the keys East Shropshire and Stafford we are the leading property Management company providing hosts a hassle-free service maximising your rental income 💸 Send me a message if you would like to discuss maximising your rental. #shorttermrental #propertymanager #airbnb