Priya and her partner have a beautiful 3 bed house in Bristol that they put on the market for sale. She had been on the market for over 4 weeks, and knew that the sales process would take several months. That’s when she had the idea to rent her property while selling it. She got in touch with Nestify to see if our holiday let management can help cover some of her sales costs.
The apartment
- Location: Bristol
- Surface area: 1098 sq. ft
- Start of management: September 2019
- Type: 3-bedroom house
Holiday let management: increase your income and save time
Selling her home is her main priority, so she wanted to ensure that viewings with her estate agent can occur. She also had concerns that the property would be well looked after and presentable for viewings too. Generating rental income in this period would also help towards their sales costs, which is also a plus.
The implementation of a tailor-made strategy
After speaking with our lettings experts, Priya was confident that Nestify’s lettings strategy would ensure that:
- Sales viewings will be able to take place in a flexible manner
- Ensure her property is regularly cleaned and managed
- Rental income during this period was maximised
Nestify started the marketing of her house on multiple platforms such as Airbnb, Booking.com, Vrbo and TripAdvisor. We immediately gave her access to her own Host Dashboard where she could view her calendar in real time. Her own dedicated account manager made sure that viewings with her sales agent were coordinated seamlessly between guests.
We undertook regular housekeeping, professional cleans and inspections periodically so the property was always looking at its best for prospective buyers. Nestify’s use of algorithmic pricing and expertise in the area, maximised her nightly rates. This included pricing specific to festivals such as Bristol Open Doors.
With the help of Nestify, over the course of 4 months of using the service averaged £3,490 per month.
Sale complete, and income to spare
Priya couldn’t believe she could have ‘her cake and eat it’. Not only did her and her partner sell their property successfully – they made £13,960 along the way! This not only did more than cover her monthly outgoings, but helped her pay towards her sales costs. A win-win situation, and another happy client.
Check-out our article to answer all your questions about how to rent your property while selling it: Rent While Selling