Monthly Lets Help Homeowners and Guests During Pandemic

It may seem like there isn’t any good news out there right now for owners of short-term holiday homes or travellers. Here in Dubai we spent five weeks in strict quarantine, and as of this writing, borders are still partly closed and travel for pleasure has almost stopped completely.

Estimates place global Airbnb host’s losses at about $1.5 billion due to the coronavirus pandemic and subsequent shutdown. Airbnb is optimistic travel will pick up again later in the year, but that still leaves a void right now.

Monthly Lets Are a Pandemic Solution

“Never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before.” Rahm Emanuel

In the midst of this pandemic there’s a lot of uncertainty. People recently arrived in Dubai are starting new jobs and trying to get settled. Some who had planned to purchase a house right away are waiting to see what will happen in the real estate market.

Meanwhile, hosts and homeowners are facing blank booking calendars, lost income, and houses and apartments sitting vacant.

The opportunity to offer a discounted rate for monthly stays is the perfect solution, and it’s one that’s quickly becoming popular. Hosts can offer a different rate for daily, weekly, and monthly stays. This provides an incentive for guests to book for a month (or more) at a time and immediately fills up the calendar while providing hosts with income.

For people living in hotels, the chance to have a safe, clean place to stay where they’re not in constant contact with strangers is a welcome relief. They can cook their own meals, enjoy larger spaces that feel more like home, and take a break from all the stress that long-term hotel life brings—all while spending less.

Avoid the Hassle of Leases

Many short-term rental hosts chose the short-term letting option because they didn’t want to deal with the hassle of leases or long-term tenants. The monthly option for short-term rental gives the benefit of longer stays without the hassles.

Guests often want to avoid leases for different reasons. They may be hesitant to commit to a lease during economically uncertain times. They may be separated from family due to travel restrictions, and they may feel uncomfortable meeting potential landlords and viewing homes.

Because Airbnb is a globally trusted platform, and guests can read reviews to get a first-hand report on the property in question, a monthly let through Airbnb or similar platforms gives them peace of mind when they need it the most.

Airbnb’s Recommendations About Longer Stays

According to Airbnb’s website, on April 20, 2020, bookings for stays of four to six weeks were up by at least 30. They recommend hosts update their listing titles and description to make it clear the listing accommodates longer stays. Be sure to highlight any work-friendly and family-friendly spaces, as guests may be working remotely, and their children may not be in school.

To show on the site as a monthly listing you’ll need to update your settings and allow for stays of at least 28 days. When you do this, a pop-up box will give you options to optimize your listing and provide discounts. Hosts who offer discounts for longer stays get more bookings.

Remember to top up supplies so your long-term guests will remain comfortable. Provide extra linens, give room to store clothes, and make sure kitchens are stocked with basic supplies.

Here are Frank Porter Dubai – we help our hosts obtain these longer-term bookings and manage the entire process from securing the guest to collecting payment and offering extensions when needed. It’s a disorienting time for all, and we are here to make your life easier.

Visit our website www.frankporter.com or call us on +97144278193 or email – hello@frankporter.com