How to make money from your holiday home?

Buying a holiday home can be a dream come true. But it can be an expensive dream. As well as the purchase, renovation and decoration costs, and the mortgage payments, there are running costs to consider.

If you do not want to be  there  the whole  time, one excellent  way  to help  cover  these costs  is  to let   the  property   under   short  term  rentals. The  income  can  be  substantial, and it  can  be very satisfying.  But  there are   some   pitfalls  that   you can  avoid  if   you   go  about  the  process in a professional manner. This  guide  will  help  you to  make  the  maximum  rental  income   from   your holiday home,  with the minimum of  problems.
 
   A. Preparation

  1.    Deciding on your financial objectives
  2.    Furnishing and equipping your home
  3.    Preparing information packs
  4.    Administration
  5.    Setting up property management arrangements

  B. The process of managing your holiday rentals

   1.    Booking calendar / availability chart
  2.    Setting up Systems
  3.    Responding to Inquiries
  4.    Taking payments

  C. Marketing your holiday home

  1.    Deciding how much to charge
  2.    Print Advertising

Disclaimer: 

While every effort has been made to make this guide complete and accurate, Dotvilas Limited takes no responsibility for any omissions or inaccuracies. We should also point out that the laws regarding letting holiday properties vary from country to country. You should therefore check the legal and fiscal position with lawyers and accountants in the country where your holiday home is located.