If you have been dreaming about a guest house business, you may be thinking that it would be an easy way to bring in extra money each month. Although you certainly can make a profit with short term rentals, it's not always as easy as it seems. With Airbnb and similar platforms continuing to rise, a large number of property owners will consider renting out their space for profit at some point.
How do you know what to do to get started? What sort of requirements will you need to consider? Is it really that hard to start a guest house? Join us today on the blog as we take a deeper look at what you will need to consider when starting a guest house business.
Thinking About Starting a Guest House Business?
Much like bed and breakfasts, guest houses are a type of accommodation that is often in a private residence. Many provide breakfast and amenities such as tea and coffee, making them semi-catered. Unlike fully catered accommodation such as hotels, and completely self-catered accommodation such as villas, apartments and aparthotels, guest houses provide a bit of home comfort, while still offering some degree of privacy. Many property owners who think about starting a guest house business have adequate space on their property – often a separate, self-contained suite or cottage that is away from the main house but still accessible.
Some of the most important things to consider when starting a guest house business include the following:
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When you're ready to get serious about starting a guest house business, get in touch with the Totalstay team. We will help you prepare your property for a maximum return on your investment.
