Resident hosting has matured to the point that not offering options for tenants around length of stay now poses a risk to Build to Rent (BTR) long-term rental portfolios. More even than the 10-20% incremental net yields that resident hosting can deliver, this risk has become a major driver for change. With this in mind, the Association for Rental Living (ARL), together with our partner and ARL member, TrustedStays, has published two new in-depth explorations of resident hosting:
Resident Hosting: The solution to unapproved short-term rentals in your development
Resident Hosting: The pros and cons of each model
In a nutshell, resident hosting refers to the short-term renting model where tenants rent out their homes with permission from their landlord/building owner. Permission for this is usually covered by a clause in the tenant’s rental agreement.
BTR operators who embrace resident hosting are turning the risk of unapproved short-term rentals in their buildings into a revenue-generating opportunity. There are various models they can adopt to do this, with management of the short-term stays undertaken by the tenant, the building operator or a third-party property management company. Each model has its pros and cons, as we discuss in the newly launched articles.
If you’re getting up to speed on the maturing resident hosting market, why not join the breakfast roundtable at the ARL Annual BTR Conference on 7th November 2024? We’ll be discussing the evolution of BTR from various angles, including the emerging role of short-term stays as a solution to the Renters’ Rights Bill. The breakfast roundtable is an invitation-only session, so please reach out to us on info@theARL.org.uk if you would like to come along.
The ARL Annual BTR Conference will include a wealth of insightful keynote speeches and breakout sessions, with a packed schedule providing plenty of opportunities to grow your knowledge and network. You can book your place online to join us on the day to discuss resident hosting, elevating rental living, BTR investment shifts, consumer journeys and more.
For more information, please visit https://thearl.org.uk/
