How to start a successful short term rental in Tallinn ?

1 Pricing the short term rental :

According to AirDNA’s market data for 2021, the average daily rate (ADR) for short-term rentals in Tallinn is approximately 84 EUR per night. However, the ADR can vary significantly depending on the location, size, and amenities of the rental.

In general, the most profitable price range for short-term rentals in Tallinn is around 70-120 EUR per night

Tallinn City Apartments short term rental

2 Designing the short term rental

Yes, the design of your short-term rental is a crucial factor in attracting and retaining guests. Here are some tips to keep in mind when designing your short-term rental:

Create a cohesive design: The design of your rental should be cohesive and aesthetically pleasing. Select colors, textures, and furniture that complement each other and create a harmonious look.

Make it functional: Your rental should not only look great but should also be functional. Consider the needs of your guests and ensure that your rental provides all the necessary amenities and features they may require, such as comfortable seating, ample storage, and a well-equipped kitchen.

Consider the space: Short-term rentals are often smaller than traditional apartments, so you should be mindful of the space you have available. Optimize the layout to make the most of the available space and ensure that the design is not overcrowded or cluttered.

Focus on comfort: Your rental should be a comfortable and relaxing space for your guests. Invest in comfortable beds, pillows, and linens, and consider adding extras like throw pillows, blankets, and rugs to create a cozy atmosphere.

Add personal touches: Add personal touches to your rental to make your guests feel at home. You can include artwork, books, plants, and other decor that reflects your personality and adds character to the space.

Keep it clean and organized: A clean and organized rental is essential for guest satisfaction. Make sure to have a thorough cleaning plan and schedule, and provide ample storage space for guests to keep their belongings organized.

Here is a good example of well though through Tallinn short term rental which I visited.

3. Starting the short term rental business

Starting the short term apartment rental business in Tallinn can be a great venture if done correctly. Here are some important things to keep in mind to increase your chances of success:

Research the market: Conduct thorough research to understand the market trends, the demand for short term apartment rentals in Tallinn, and the competition. This will help you determine the best location, pricing, and amenities to offer.

4. Short term rental legal considerations:

Make sure to comply with all local and state laws and regulations . No licenses needed for short term rentals in Tallinn, pay taxes, be a good neighbor and just do it. The cleaning service personnel have to pass some health checks though so make sure your cleaners or yourself comply with that.

5. Setting up your short term rental property:

Ensure your property is clean, safe, and furnished with essential amenities such as towels, linens, and toiletries. You can also add extras like coffee makers, Wi-Fi, and smart home systems to make your property more attractive to renters.

6. Short term rental marketing strategy:

Develop a plan to market your property, such as creating a website, listing on short-term rental platforms like Airbnb or VRBO, and utilizing social media to reach potential renters.

7. Provide excellent customer service for your short term rental clients:

Ensure that your guests have a pleasant and comfortable stay by providing clear instructions for check-in and check-out, being available to answer questions, and responding to any concerns or issues promptly.

Manage your finances: Keep track of your expenses, including maintenance costs, utilities, and taxes. Set competitive prices and establish a booking and payment system that works best for you and your guests.

Starting a short term apartment rental business in Tallinn can be a lucrative and exciting venture. However, it requires careful planning, research, and attention to detail to ensure that you provide a great experience for your guests while maintaining a profitable business.