StayinLondon provides personalised property management services for short and monthly stays in Covent Garden. By combining short, medium-term and longer term rentals we earn you more than traditional long-term tenancies.
We provide services in Covent Garden and in London’s Zones 1&2, focusing on 2+ bedroom properties - apartments and town houses. We’re small, local and personal, focused on London only and experts in our field, working profitably from 2016.
We pride ourselves in having real Londoners behind the brand name and in front of our guests and clients!
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Our average occupancy rate in 2023 across our portfolio is above 80% and average daily rate is £250.
After all the costs are taken into account our clients make 30% or more compared to traditional long-term assured tenancy model and keep the flexibility to utilise the property themselves when needed.
We eliminate the inconvenience of short letting and help you maximise your rental revenue.
We use specialist software to market your real estate on booking.com, airbnb.com, VRBO.COM also medium-term rental websites thehomelike.co.uk, as well as longer term leaders in the UK - rightmove.co.uk, openrent.co.uk and zoopla.co.uk to generate the highest yield!
We use professional high-end equipment and lighting solutions to bring out the best when marketing your property!
From Airbnb to Homelike - we know how to write the best listing description for your home to get maximum exposure and income
Human-operated pricing management to achieve better results than AI or algorithms
From the moment guests book to check-out we have a 24/7 guest support team to help our guests
We approve guests with good track record and review from previous stays, as well as collect a refundable damage deposit and check identification when necessary
When possible, we’ll meet our guests at the property to hand them the keys and show them around to make them feel at home
We have a team on call 24/7 for any guest or maintenance issues so that you can have peace of mind
Our housekeeping staff are trained to check all the critical points of the cleaning process and take before and after pictures for reference as well as report any damage
We source premium brands to give our guests the best possible experience
We partner with a specialist landlord insurance company so you only pay for the days your property is occupied
We can arrange a certified handyman to visit at short notice to resolve any urgent issues that might arise
We cover Central London, zones 1 and 2 mostly as this is where the highest demand for short and medium-term stays is. Our guests also like to stay close to public transport links and value well equipped properties in outstanding condition.
Get the visibility and control that drives quarterly revenue targets. Close the vacancy gap on new builds. And do it without losing the personal touch.
Absolutely! In 2022, 15.6 million international tourists visited London, and projections show the figure could rise to over 18 million in 2023, closer to its pre-pandemic levels. There were nearly 100k listings in London in 2023 with an average annual revenue of nearly £45k per property and an average daily rate of £186.3 (Data source: www.airdna.co)
Airbnb's in Covent Garden have been performing very well this year. There are 1.2k active short-term rental listings, revenue per available room (RevPAR) has increadse by 49%, daily rate is at £355 - up by 17% compared to last year. Average annual revenue per listing was £94.3k, which is £7858 per month.
Currently there nearly 800 listings with availability in Covent Garden on airbnb, this doesn't include other platforms like booking.com. 55% were 1-bedroom apartments and only 34% were 2-bedroom apartments, that are currently in the highest demand. So if you're property is 2-bedrooms or more - you won't have any problems filling up the available dates!
Since February 2022 the number of listings has been growing steadily in line with the growing demand for short-term rentals in Covent Garden - up by 46% in 2023.
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Running a short or medium-term rental apartment or a house gives you the flexibility to use it yourself occasionally when required and also generates a higher yield than a traditional long term rental model.
Running a short-term rental property is time consuming and requires specialist knowledge, especially how to market it across multiple platforms like airbnb and booking.com. Engaging a management company saves you time and hassle.
Central London, mainly zones 1 and 2, have the highest demand for short to medium-term rental homes and tend to perform the best in our portfolio, generating around 30% than long-term rental revenue. However, we are open to consider other locations in London, that are not so central, but still attractive to short-term renters - for example Balham, Stratford, Highgate, Wimbledon to mention a few.
We will aim to meet most of our guests in person at the apartment and show them around, when possible. However we have alternative key collection solutions at all of our properties - either a lockbox installed on site or a 24/7 collection service provided by our partner KeyNest.com
Our housekeeping team will schedule cleaning on the day guests move out, we’ll also get our linen rental partner to collect used linen and deliver fresh ones, including towels. Cleaning and linen fee is paid by the guest and is added on top of accommodation revenue, so there is no cost for you.
We will collect guests’ accommodation payments to our Safeguarded Client Deposit Account, prepare a monthly report with all the booking details, which is available for you to see on client dashboard online, then deduct our commission and make a monthly transfer to your account.
We have our in-house handyman for any general works that need to be done, however if it’s something a little more complex we’ll always consult you and can arrange specialised tradespeople to attend - e.g. boiler technician, certified plumber etc.
Not necessarily, as long as your personal items can be stored securely in a wardrobe or a storage room - you can still leave them in your property, it is your home after all.
Absolutely, all our hosts have access to a dashboard - both via a browser or an app, where they can block off the nights for personal use, as well as all the upcoming reservations, housekeeping jobs and payouts.
