When we took over the management of a new property last year, the owner came to us with one major worry: compliance and licensing.

His concern was understandable. The property was surrounded by neighbours, and he knew all of them. More importantly, he knew exactly how they felt about short-term lets, and it wasn’t positive. With that level of local opposition, he was convinced his application for a short-term let licence would never get through.

Facing the objections head-on

We applied for the licence on his behalf, and as expected, the objections came in. Several of them.

But objections don’t have to mean rejection. With the right preparation, a compliant property, and a properly managed application process, we secured the licence without any issues. The owner’s biggest fear, the one that had made him hesitant about short-term letting altogether, was resolved.

Then came the numbers

Getting the licence was only half the story. Once the property was open, it needed to perform. It did more than that.

Our projections for the first three months estimated a gross income of around £11,000–£12,000. In reality, the property achieved £18,000 in gross income after just two months, beating our own forecast significantly, and in less time.

Worried about licensing or performance? Talk to us

This is exactly the kind of challenge we love to take on. If you’re a landlord with a property and you’re concerned about securing a short-term let licence, or unsure whether the figures will stack up, we’d love to hear from you.

Handling the tricky parts is what we’re here for. Get in touch with the mySTAYINN team today.