Hello there! Welcome to another informative blog post from your trusted expert in serviced accommodation, holiday let and short term rental management, Orange Rentals. As Liverpool’s premier accommodation management service, we’re here to offer you our insider knowledge, honed from years of hands-on experience in this bustling city.
Today, we’re focusing on a topic that concerns every property owner and manager in the short-term rental business: void periods. These are those unfortunate times when your property sits empty, without generating any income. However, with strategic planning, you can convert these apparent obstacles into opportunities. Here’s how:
Maintenance and Improvement
Firstly, let’s address the elephant in the room: maintenance and improvements. A void period is the ideal time to address any repairs or upgrades that might be needed without disturbing your guests. It’s an opportunity to step up your game and ensure your property stands head and shoulders above the competition.
Maybe it’s time to refresh the paint, upgrade the kitchen appliances, or update the furniture. Or perhaps, some landscaping work would elevate your outdoor space. Even simple changes like swapping old linens for new ones can make a big difference. At Orange Rentals, we have a dedicated maintenance team that works seamlessly during these periods to keep our properties in top-notch condition.
Deep Cleaning
An often underutilised advantage of void periods is the opportunity to deep clean the property. During short term rentals, cleaning is generally limited to changeovers. A void period allows for a thorough clean that gets into every nook and cranny, providing a refreshed and healthier environment for your future guests.
Professional Photography
An attractive property listing needs high-quality photos. Void periods are a perfect time to bring in a professional photographer to capture the essence of your space, showing it in its best light. Updated photographs, especially after renovations or redecorations, are invaluable in attracting new bookings.
Reviewing Pricing Strategy
Sometimes, void periods can be a sign that your pricing strategy needs revision. If your property is vacant more often than not, it may be priced too high for the market. Conversely, if it’s always booked, your rates could be too low, and you might be missing out on revenue. Use this downtime to research the market, reassess your pricing, and strike the right balance.
At Orange Rentals, we ensure our void periods are used productively. We’ve seen firsthand how this strategy improves the quality of our Liverpool properties and keeps our guests coming back for more. Remember, in the rental business, it’s not just about avoiding void periods but knowing how to take advantage of them when they inevitably occur.
And if you’re feeling overwhelmed with managing your property, remember we’re always here to help. With our expertise and local knowledge, we can help you make the most out of your serviced accommodation or short-term rental property in Liverpool. Until next time, we wish you fruitful rental journeys and a property that shines brighter with each void period!
Dewi Roberts from Orange Rentals
