With an expected fivefold increase in London rental prices during the Olympics it may be a good time to enter the short-term rental market.
A new Olympic lettings service has launched online to help home owners take advantage of the influx of tourists whilst taking a well-earned summer holiday.
For a fee of £250 plus VAT Londoners can sign up with the Upad run service which will advertise your property as a short-term rental ideal for Olympic tourists looking for private accommodation.
"Homeowners with centrally located London homes suitable for Olympic VIPs as well those seeking accommodation close to the Olympic Park will see demand for short-term rentals sky rocket allowing homeowners the perfect opportunity to reel in excellent financial rewards,” James Davis CEO of Upad said.
The Upad site advertises the rental on several property sites until guests are secured.
The home owner then receives the applicant’s details and can contact them directly to organise the stay.
Tips for getting top dollar for your home include writing a great blurb about the property and things to do in the area. The inclusion of good quality pictures will also entice a booking.
An estimated 500, 000 visitors are expected to stream into London for the games from July 27 until August 12, 2012.