If you have a home in a place of rest, you can decide to rent it to holidaymakers. But before you decide to take this course of action, you need to consider a lot of things. You will need to advertise the property, book and make sure that it is properly insured. If the house is in a popular holiday destination, you should have a choice of vacation agencies to help you take care of the details.
If you decide to deal with a local agent or deal with the provision of property yourself, here are some important tips to consider:
- Make sure your property is properly insured. It is difficult to insure homes for renting for two main reasons. They may remain unoccupied, especially during the winter months, for a long time.
- Also, due to the nature of the holidays and the high turnover of people renting property, there is an increased likelihood of theft or damage. However, there are specialized insurance agencies to help you insure your property.
- Ensure that the proposed holiday home complies with statutory requirements, such as fire and furniture safety regulations. Safety certificates are also needed for gas appliances, and electrical components must be safe to use.
- Before renting your house for holidaymakers, you need to make sure that its order and presentability. Any debris must be cleared and the bins emptied. Also, any personal mail and circulars must be removed from the property.
- The property must be kept in good condition, with the pipes lagging behind. All electrical components must be disconnected when the holiday home is not occupied.
- Prepare inventory for the guests and inform them of their liability for any damage.
- Make a list of home rules for guests. But be careful. The rules must be reasonable and not be tempted to try everything. The rule of thumb may be that if your rules cover more than one side of the paper, then they will be a bit excessive!
- Make sure you get paid for the rental period and that all checks are cleared before handing over your house keys.
- Make sure that you have indicated in the lease agreement how much deposits you need to make, and how soon after the property is vacated, guests can expect to return the deposit.
A vacationing agent can solve many of these problems if you decide to rent out your holiday home. If you decide whether to use the agent or not, these tips will be most helpful.
