Make money from your holiday home

My thoughts are based on giving your guests the best holiday holiday and in return you get the highest rate of return (financially and emotionally rewarding). I believe that you treat your guests (tenants) with respect and you will feel special, in the same way as with your family and friends, with your recreational property being treated with equal respect and possible damage should be minimized. It will help you with repeated tenants and excellent recommendations for your home.

Renting a Vacation House is different from renting a year-round: In most cases, the owner can earn more income than the annual rental from income with lower possible damage from short-term rental income. For example, if you would charge 1,000 dollars a month for monthly annual rent, you would earn about $ 12,000 at the end of the year. However, if you rent your holiday home weekly for $ 1,000 as a holiday rental, your possible gross income could be $ 52,000 at the end of the year. Of course, it will depend on the location of your property. Can it be used all year round as a holiday rental or seasonal? Is it a favorite place? What are the attractions in the area?

Equipment: My basic rules: Any equipment that you would expect when you are on vacation is what your guest (tenant) would expect as well. The more you provide, the more your rents will stand out from others. Your guests will remember all the accessories you have provided. And the more you give, the more you can charge and the less your guests will have to bring with you. I always recommend to provide towels, bed linen, toiletries, cleaning (at your own cost) washing machine / dryer, barb-que, beach chairs and cleaning supplies. Some owners think that the tenants will "take home" extra, but I never did.

What else to provide: Some owners leave a bottle of wine or a basket full of goodies and brochures for attractions in the neighborhood and always contain a welcome book with a list of instructions on how to use everything in their home and include renting a rule.

A real estate broker or leased owner? This is strictly personal preference. If someone used real estate brokers, I would recommend you get some links to them. I would choose a company that has been for many years. Make sure you have a complete overview of your duties and fees and how to deal with extraordinary events. Find out who will meet your guests at the time of arrival and who will take care of cleaning the house. if they provide cleaning, this is an additional charge or is included in the initial charges. You have to know who cares about what and how much will be charged for each item. However, managing your own holiday rental is not really that difficult if you have an established system.

What to charge: There are ways to set these fees. Comparing rental for your area and what you offer can help you determine what you should charge. Be sure to include additional costs, ie Cleaning the unit and consumables.

Long distance rental challenges? Find the right person to check your property and decide who will clean your holiday unit. How can you access this problem? If you have a plumber, an electrician or a maintenance person you trust, you can ask them whether they want to check the holiday property regularly. Ask what their fee is and see if they can include a maintenance fee. And if they are also available for emergency calls.

Employ person for cleaning: You could use local cleaning or ask the neighbor you trust if they were interested in doing you as a business opportunity for them. Ask the other homeowners they use. Always get acquainted and look at them.

Potential problems and how to avoid them: Most homeowners are worried about possible damage in their second home. However, if you take the necessary measures and careful planning, you can avoid most of these questions.

Source by Marie R. Ferguson