Traditional tenancies are becoming a thing of the past, with more tenants wanting flexibility over length of stay and location. Until now, many individual and investor landlords with large portfolios have shied away from anything other than standard ASTs, but this is now changing.
With Opago’s industry-leading formula, portfolios can be quickly transformed into flexi rentals. With typical returns increasing by between 30% and 40% when using this model, you can effectively double your yield with peace of mind.
We offer a full suite of services meaning that everything is taken care of. From housekeeping through to guest services, our Central London team are on hand 24/7 to cover everything you require, even down to urgent repairs - it couldn’t be easier. Our technology platform integrates with your existing software, giving you high-level visibility and service alignment from day one.
Everything we do is backed up by our numbers, and our 90%+ occupancy rate speaks for itself!
Traditionally, properties would be let on a fixed term contract, short-term, medium-term, or long-term basis. In line with legislation, short lets can only be for up to 90 days, whereas medium and long lets are more fluid. To achieve the best results, we’ve found that combining different types of letting is the best solution. While this model is still pretty new to the UK market, our evidence shows that it allows property managers to optimise their returns.
By working proactively with the market, we combine the security of medium-term contracts with the vast financial benefits of short-term letting at peak times. Our expertise shows that matching let types with key times of the year is one of the best ways to optimise yields.
The way that we work, live, and consume is changing, so why should rentals stay the same? By choosing flexibility and proactive solutions, you’re choosing to stop being limited in what you offer to potential tenants. At Opago, we’ve seen big changes in the way that people utilise rental properties. Short-term lets are getting longer, with the average length of a stay increasing by almost two weeks in some cases.
Our in-house research shows that flexible letting can offer almost double the average occupancy rates for London properties compared to those stuck with traditional letting practices. This same research showed that specifically utilising mid-term lets offered a 15% increase in yield on average.
Our expertise, knowledge, and proprietary technology set us apart from our competitors, allowing us to provide first-class services to our clients. Flexible letting is proactive by nature, and that’s why we work hard from day one. By diversifying your listings, undertaking in-depth research, and providing technology that integrates with your own, we transform your operations from the bottom up.
Our client services team are also on hand whenever you need them, and everything is based in Central London. This centralised way of working is best for our clients, as we’re always available to deal with the fast-moving world of property solutions. From inventory and guest services to housekeeping and maintenance, everything is covered with our team.
Built in house and able to be fully integrated with existing systems, this platform is a game-changer for property managers. Analytics, property databases, billing, and scheduling are all held within the platform, allowing you to have full oversight of everything to do with your properties.
This platform enables you to see the benefits of flexible letting first hand. You’ll see transactions in real time, see insights about how the tenancy is going, and be able to schedule any required work via our far-reaching services. You can find out more about what we provide on our Services page, and we’d love to talk to you about how we can integrate with your existing operations.
The quality of the service, and the professionalism of the team at Opago, enables us to run our end-to-end operations more efficiently.