Just a few things to remember. Getting the property ready for each new holiday let, beds, linen, washing same, full house clean, key holder, checking property before/after each let, insurance, damage, etc, etc. Good luck with itIn process of getting tenant evicted for setting up business in the rented house without landlords permission, adequate insurance, planning permission Etc; This now involves solicitor etc. Because of this experience I no longer wish to rent out the property but need to get some income from it. I am thinking of using it for holiday lets What are pros and cons of this and what laws rules and regulations to I need to consider.
There is a site called airdna.com which scrapes airbnb. It will give you an impression of what occupancy rates are in your area by time of year, and also gross letting rates. You'd be surprised at how much vacancy there is, even in very central areas.
I looked into it a few years ago and it really only makes sense if you live nearby and like going things like cleaning, minor repairs, etc yourself. You can outsource these things to third-party providers but that eats up most of your margin.
Short-term letting really is a very different business from being a landlord.
Sounds similiar to someone who gets a puncture in their car tyre and thinks "O my god ,i will never have or drive a car again.It is possible to find out where a tenant works[so that you will know if they can afford to pay the rent] and also to find out if they are from a decent family [so that they will look after your property.].Methinks.Holiday letting is a helluva lot of work where as long term letting with a good decent tenant is a doddle.In process of getting tenant evicted for setting up business in the rented house without landlords permission, adequate insurance, planning permission Etc; This now involves solicitor etc. Because of this experience I no longer wish to rent out the property but need to get some income from it. I am thinking of using it for holiday lets What are pros and cons of this and what laws rules and regulations to I need to consider.
On the contrary.someone who gets a puncture in their car tyre and thinks "O my god ,i will never have or drive a car again
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