The British people love to holiday; escaping the routine of daily life and replacing it with fresh scenery and time to unwind. Our love for a good getaway remains strong, however, the way we holiday is changing in the form of a ‘staycation’. The holiday let sector has been in demand and thriving over recent years with many choosing to see what beauty the UK can offer. So, if you have a property in a sought-after holiday location and are looking for extra cash, letting your home could be a perfect option for you.
The obvious benefit of letting your home is the extra income. If you have a dormant property this can be a highly profitable venture. Revenue earned from guest’s rental payments can help towards expenses. If you are planning to rent your home while you travel this can help pay for part of your trip or give you that extra spending money to enjoy. It also means that your property is not left empty, consequently increasing security.
When letting your home, you will have the same responsibilities as any landlord. You must ensure that your property is safe and ready for people to enjoy. But, importantly, you will always have complete control and flexibility to rent however and whenever suits you. Even better, if you don’t have the time to manage the property yourself, consider using a letting agent. A letting agent will not only help to keep your property on top form, but remove any stress from the letting process.
Research is the key to making your property rental profitable as well as an enjoyable business venture. There is considerable competition within this sector, so make sure your property is both eye catching and fulfils the needs of the holiday maker. This will help bring in the business. Once you are happy that your property is rental ready, promote what is on offer using high quality imagery that will grab the attention of prospective clients as they scroll through endless internet competition. It is also important to research rental prices in the surrounding area and compare what your property has to offer. Be reasonable and competitive with pricing, but don’t undersell; people will pay that little bit extra for the holiday of a lifetime.
Fresh Air Property Management offers short term let management services. Contact us today to find out how we can help you.
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