Luke Capital Group reveals checklist for items in a short-term rental

Luke Stays franchise
Luke Stays We are building the next generation hospitality company

Since 2018 we have built a portfolio of over £30m and 300 properties. Now it’s your turn to be part of the journey and repeat the same.

Published on

The property management franchise recently shared five considerations to make while choosing essential furniture/decor items for short-term rentals and serviced accommodation properties.

Luke Capital Group speaks from experience, with over 50,000 guests across multiple countries and plenty of data to examine. The property management franchise said with confidence that the inclusion of essential furniture and items in these types of rentals is the best way to maximise revenue, and then suggested that when furnishing these accommodations with the aforementioned things, there were five key facets to consider:

1. The guest experience - Making a good first impression is extremely important, “and how you dress your property and design it is crucial”. Luke Capital Group recommended that you “put yourself in [the renter’s] shoes as they approach the property and go inside”.

2. Your brand identity - “Think about how you want to look and feel as a brand in 3 years or even 5 years time and set yourself up, now, like that. Maintain your brand standards with all your setups and your acquisitions and never break the boundaries.”

3. Durability - Durability matters. In the words of Luke Capital Group, “‘Buy Cheap, Buy Twice’ and ultimately it will cost you more. Your furniture is going to get some hammer, so make sure it can take it, or your ongoing furniture costs will eat into your profits.”

4. Return on investment - “The more luxurious you make the property, the more money you will be able to attract. However, there will be a ceiling price on this, so you have to find the middle ground.”

5. Ease of replacement - Don’t buy unique items with limited availability that’ll be challenging to replace, like “fancy blue plates for one property and yellow for the next”. The smaller details matter, and even something like a mismatched plate could make “a huge difference” to the guest/rental experience.

Find out more about a potential investment with growing franchise Luke Capital Group via its profile page, which you’ll discover linked above.

Other recent news
Did you enjoy this article? Please rate this article
Be the first to rate this article
These articles may interest you

How Much To Invest in a Franchise?

  Many individuals dream of owning their own business. [...]


Complete Guide to the Types of Franchise Agreements

Franchise agreements (FAs) are essential legal documents. They govern [...]


What is a Franchise Agreement?

You’ve researched franchise ideas, chosen the right franchise for [...]


Benefits of Meeting Franchisees

In your journey to starting a new business, you’ve researched [...]


Franchising Training and Support

One top benefit of the franchise industry is how much franchising [...]



Post a comment

Characters remaining: 250