A cinematographer by trade, the idea was to make some spare cash from his Camden flat whilst away shooting.
But hosting was such a success that James added two investment properties to his Houst portfolio. Both in east London, the properties are available to be booked year round with a mix of short-lets and longer, multi-month tenancies. Flexible lettings has increased yields between 20% and 50%.
The income is really very clear. Expenses, commission, cleaning and VAT - the more clarity the better and that’s what the Houst dashboard provides.
“One property is doing amazingly well. Previously we had it on a traditional long-let and it earned £2700 a month. It takes time to establish the listing with good reviews, but in two separate months this summer I made over £9000. The other property is doing more modestly, but I’d estimate I’m earning around 20% more.”
“I have more freedom. I don’t have to worry about bills and the mortgage. I can add three more days to my stay in Paris if I want - stay away a bit longer. I can take the extra week and not worry about the mortgage. For me it’s about life and enjoyment and what I can do with that extra money.”
“It’s a partnership. Things do naturally go wrong and I might need help sorting out some maintenance, whether a locksmith or plumber. You have to be practical. They have good staff and you can build relationships which is great. Dealing with the same people is extremely useful as they can start making decisions on your behalf.”
“It's been a wonderful experience. Letting a house that would normally be empty has given us an enormous source of income.”
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“The dashboard is very convenient - it’s a one-stop shop for all your important information regarding your property.”
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“I’m retired, so the additional income is really useful. I can afford to travel and see my two granddaughters a bit more regularly too!”
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“I’m retired, so the additional income is really useful. I can afford to travel and see my two granddaughters a bit more regularly too!”
Read more
“It's been a wonderful experience. Letting a house that would normally be empty has given us an enormous source of income.”
Read more
“The dashboard is very convenient - it’s a one-stop shop for all your important information regarding your property.”
Read more
