Onefinestay, a firm offering high-end Airbnb-style short-let accommodation in London, is today making a pitch to letting agents to refer clients and enter into “exclusive partnerships.”
Onefinestay offers homes in London - as well as New York, Los Angeles and Paris - and operates like Airbnb but with high-end tastes willing, in some cases, to pay over £1,000 per night.
In addition to finding owners willing to swap or let their homes on a short-term basis, its London operation now wants to link with letting agents, and is today making a presentation to explain the partnership principle.
A spokeswoman for the company says there are two elements.
Firstly, guest referrals: “We are offering agents a 10 per cent commission on any guest referrals [agents] send our way. For agents who don’t offer clients a short-term rental service we offer the ideal ‘home away from home’ to recommend to their customers whether their client be relocating to the UK or just looking for a short-term let in London.”
Secondly there are host referrals: “For every Host recommendation we receive, that goes live on our website; we will offer the agent a financial reward. Offering our Host services to clients allows agents to recommend a way for clients to ‘unlock income’ from empty homes when they are out of town.”
Onefinestay last year secured $40m of investment from, amongst others, Hyatt Hotels, as well as a former global chief executive of Abercrombie & Kent, the high end travel and estate agency concern. The firm says the new funding will allow it to realise its ambition to create “the ultimate experience of boutique hospitality through a series of service delivery, e-commerce and technology developments, to enhance the company’s offering for guests and homeowners.”
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This site...airbnb...others...say in their terms and conditions that property owners must have :
Public Liability Insurance specifically for short stay serviced property
Must not be breaking the terms of a Head Lease or Lender Agreement
These business models have grown into large business presuming their advertisers comply with above.
Sooner or later the shit will hit the fan, when their is a serious fire or injury in an uninsured short stay property.
Oh dear Mike............
'Sooner or later the shit will hit the fan, when their (this word should be spelt there. Get a grip will you) is a serious fire or injury in an uninsured short stay property.'
Other than that - well said.
I would however add is there any safeguard for occupiers as far as the companies putting people in short term tenancies? Do they carry out checks on landlords Head Lease or Lender? What about an EPC and Gas Safety Certificates, are they required for short term lets? After all a let is a let however you paint the picture.
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