If you own a home in a holiday spot you may well take the decision to rent it out to vacationers. But before deciding on taking on such a course of action there many things to consider. You will need to advertise the property, take bookings and ensure it is properly insured. If the home is situated in a popular holiday spot there should be a choice of holiday letting agencies to help you take care of the details.
Should you decide to deal with a local agent, or deal with letting the property yourself, here are some important tips to consider:
Ensure your property is properly insured. It can be difficult to insure holiday homes for rental for two main reasons. They may be left unoccupied, particularly during the winter months, for long periods.
Also due to the nature of holiday letting and a high turnover of people renting the property, there is an increased possibility of theft or damage. However, there are specialist insurance agencies which will help you insure the property.
Make sure the proposed holiday home meets the statutory requirements, such as fire and furnishings safety regulations. Safety certificates will also be needed for gas appliances, and electrical items must be safe to use.
Before renting your home to holidaymakers you will need to make sure its is tidy and presentable. Any rubbish should be cleared and bins emptied. Also any personal postal items and circulars should be removed from the property.
The property must be kept in good order, with pipes lagged. All electrical items should be switched off when the holiday home is not occupied.
Prepare an inventory for guests and make them aware of their responsibility for any breakages.
Draw up a list of house rules for guests. But do be careful here. Rules must be reasonable and don't be tempted to try and cover everything. A rule of thumb may be that if your rules cover more than one side of paper then they be a little excessive!
Make sure you have received payment for the rental period and that any cheques have cleared before handing over the house keys.
Make sure you state in the rental contract how much any deposits to be paid are, and how soon after vacating the property the guests can expect the deposit to be returned.
A holiday letting agent will be able to deal with many of these issues should you decide to rent out your holiday home. Should you decide whether to use an agent or not, these tips will be most helpful.
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