Reply to: self-catering flat centre of Edinburgh sleeps 4-5

[Whoosh]

You've no idea how much you need to pay in expenses to look after it. The housekeeper alone costs me more than half that. Quality is important.

I'm sure your 'housekeeper' is worth it! 😄

[scooterscot]

100 * 200 = 20,000

So you're just breaking even on something that's turning over 20K per year? You must have a £500K mortgage on that place !

You've no idea how much you need to pay in expenses to look after it. The housekeeper alone costs me more than half that. Quality is important.

[norrahe]

Worse.

Ill try and find it online.

[zemoxyl]

How much would you pay per night? I think I might be undercharging and then-some. Sold almost 300 nights this year, excellent reviews. I now realise the travel lodge up the road almost charges the same for a double room.

100 * 200 = 20,000

So you're just breaking even on something that's turning over 20K per year? You must have a £500K mortgage on that place !

[scooterscot]

Discounts for CUKers?

And any flexibility on the 3 night let for those of us who might only want to do a short weekend?

Discounts are offered but I leave that to my housekeeper to decide on an individual basis. I don't really make much profit on 2-night lets such is the cost of turning it around. But sometimes it's better to fill the calendar than leave it empty.

[stek]

Worse.

Ill try and find it online.

Etap?

[minestrone]

An Ibis?

Worse.

Ill try and find it online.

[norrahe]

To be honest I don't know. I was at a night out in Edinburgh a couple of months ago and had to stay in a hotel for the night, just a crash pad, stepped back from top of Leith walk, I think it was 50 quid, it was something like what homeless people sleep in.

An Ibis?

[minestrone]

To be honest I don't know. I was at a night out in Edinburgh a couple of months ago and had to stay in a hotel for the night, just a crash pad, stepped back from top of Leith walk, I think it was 50 quid, it was something like what homeless people sleep in.

[norrahe]

Discounts for CUKers?

And any flexibility on the 3 night let for those of us who might only want to do a short weekend?

[scooterscot]

So I would say £200 for 3 nights. Am I right?

In January yes, for two / three people during the week but never less than that unless perhaps a repeat customer, which we've had a few. Weekends are charged differently because anything less than a 3-night stay and I barely break even. During Jul/Aug/Sep I get that amount in single night, not a problem. Folks always rave about having the wood burner at this time of year. But the apartment does not obey seasonal trends. Far from it. Get all sorts, finance types from London staying for a working week to a wedding at the weekend, folks for conferences. I reckon holiday bookings only make 40% of my custom.

What's my the problem? This place is my pension of sorts. I want to make it perform to the maximum of its capability.

If I were a single in town for 3-nights I'd cough up £200 instead of staying in the travel lodge, the two cannot be compared.

Do I keep pushing the boat out until turnover takes a hit? I would not mind selling less nights if turnover stayed the same, that's a bonus I'd stay more myself in that case.

[MarillionFan]

2-bedrooms in west end

So I would say £200 for 3 nights. Am I right?

[scooterscot]

How many rooms?

Old town, new town?

2-bedrooms in west end

[minestrone]

How many rooms?

Old town, new town?

[scooterscot]

Well it depends.

Are you letting to one person or group on a six month basis, monthly, weekly, daily???

How about charge out rooms by the hour? Giggidy?

minimum is a 3 night let.

1 person can rent it if they like and have done but they pay the same as 4 persons.