No wonder the market is boyant

[sarahbell]

https://www.openrent.co.uk/property-to-rent/failsworth-manchester/3-bed-semi-detached-house-greaves-avenue-m35/1448901

 

What a listing 

£3,534.00

per month

[sarahbell]

 

You can find more information about us via “GOOGLE” – Please Search for TRUESTAYS Serviced Accommodation

 

 

The accommodation is perfect for someone who is assigned to work locally on a short term basis, relocating from aboard, or waiting for a house purchase completion.

 

 

We can provide a solution for all requirements.

 

 

Our properties are fully furnished and equipped with the rental price inclusive of all utility bills, water, electricity, gas, council tax, TV licence, unlimited WiFi Internet, regular cleaning and change of linen.

 

 

Our short/medium-term accommodation is the perfect fit for:

 

 

• Companies looking for Temporary housing for short-term relocation or long-term corporate stays.

 

• Contractors, Business Travelers, etc.

 

• Individual business travelers looking for a home away from home.

 

• Travel Managers, Purchase managers and PA's who need help with organising accommodation for their colleagues.

 

• Insurance companies looking to house their clients who have been displaced from their homes.

 

• Families coming from Hong Kong (and elsewhere) for relocations

[With a crooked smile]

1 hour ago, sarahbell said:

https://www.openrent.co.uk/property-to-rent/failsworth-manchester/3-bed-semi-detached-house-greaves-avenue-m35/1448901

 

What a listing 

£3,534.00

per month

I guess its basically a £100 a night airbnb. I can't see anyone renting that for 6 months at that price.

[Boon]

https://truestays.co.uk/

Basically Airbnb in Stoke (!!). At those prices you probably only need to rent it 60 or so days a year to get a return.

You could argue that there always will be some people who are price insensitive and I'd imagine in Stoke they will have a lack of competition.

Looking at their company accounts it appears that their business model is that they don't own the properties, and most likely pay landlords the low long-term market rent, furnish the properties and then try and get the short-term rent, an arbitrage.

They don't appear in good shape although accounts were up to last year. 

[gibbon]

35 minutes ago, Boon said:

https://truestays.co.uk/

Basically Airbnb in Stoke (!!). At those prices you probably only need to rent it 60 or so days a year to get a return.

You could argue that there always will be some people who are price insensitive and I'd imagine in Stoke they will have a lack of competition.

Looking at their company accounts it appears that their business model is that they don't own the properties, and most likely pay landlords the low long-term market rent, furnish the properties and then try and get the short-term rent, an arbitrage.

They don't appear in good shape although accounts were up to last year. 

 

Can't figure out what that website is about. My best guess is that it's been set up by a landlord with a few properties Manchester/Stoke and decided he wanted to set up his own AirBnB.

[Yadda yadda yadda]

2 hours ago, sarahbell said:

https://www.openrent.co.uk/property-to-rent/failsworth-manchester/3-bed-semi-detached-house-greaves-avenue-m35/1448901

 

What a listing 

£3,534.00

per month

The Google Street view image really sells it.

[King Penda]

58 minutes ago, gibbon said:

 

Can't figure out what that website is about. My best guess is that it's been set up by a landlord with a few properties Manchester/Stoke and decided he wanted to set up his own AirBnB.

I would agree