Many people with second monitor vacation homes apparently hire when not in use to the family, the owner or friends. World to meet the cost of maintaining the property can be connected and make an extra income. I thought the information I had gathered below useful to those wishing to rent their holiday homes, which are worth taking into account the experiences of those who have traveled this road before.
Your equipmentReal Estate
The first trip to the rental property business, you may be tempted to try to limit the set-up costs of the first absolute minimum of furniture and equipment. But the advice I gathered from property owners for the holiday experience is ... Do not try to cut corners! Installation and maintenance of your property as best you can afford.
Apparently you're concerned about a good return on investment. The fear that some touriststhe hell out of you own standard to discourage devastating, decorate your house on a high.
Those who have been in business for years was that most of the more tourists with greater attention to furniture and other personal items if they can see these are things that the owners obviously care around ... it is human nature.
People generally prefer - and expect - to be superior to their accommodation, their homes. They aretend to look for your property when you have been a lot of trouble to make them feel welcome and feel comfortable.
Make sure all the beds are comfortable is a must. Lack of sleep is enough to ruin anyone leave:. One owner should "Go to sleep in every bed in the place that had many complaints on a bed in my first year of renting - and when I next visited my property, I recognized symptoms were fully justified. "
Remember that manyTourists for certain words - like a microwave satellite TV, hairdryer, and - especially in a tourist complex, though perhaps not at home.
If you have personal belongings in the property, not the store to use your tenant, not a good idea to keep them in a locked cupboard ... makes you curious, and you can groped to rip open the door! Many owners find a polite message, do not ask tenants to use under certain conditions, works best.In general, tourists to respect the will of the owner. A better solution, if possible, to store personal items with your friends while.
And 'advisable, removable and washable (or pull-out) on your couch - especially if your property Spain is one of the hottest areas.
As an owner noticed. "People come to the beach or a terrace and sit in the sun covered with oil it took me ages to figure out why my bathroom was dirty everyTime I visited. "
The owner himself .. continues, "It would be, what can I be enthusiastic tenants had stolen images pans apparently used as hammers, kitchen cabinet (solid wood), used as a cutting one of my friends had set fire to portable grill in the hall, so that covered a lot of black! "
This is the owner's motto: Be prepared for the worst ... even if it does not happen normally. seven Vacation, the vast majority of their experiences inpositive!
With rental agencies
Weigh address the advantages and disadvantages of using a letting agency for the booking. The advantage of passing the responsibility for an agency is that they usually do with all the paperwork for you - by the transfer of booking and money for cleaning and property maintenance.
This is ideal for owners who do not have time - or desire - to work directly with the clients themselves
The main disadvantageusing agencies is that they are a substantial commission for their services, reduce the profits - sometimes up to 25-50%.
Some agencies to ensure a stable income for certain types of accommodation in high season (for example, a villa with private pool in the coastal town of the Mediterranean in July / August).
Make sure you know exactly what price the agency plans to offer free - and what they plan to take a commission. dissatisfied customers who believe they haveexcess agents rather greedy cause problems on your property.
Also check exactly what the agency services is available. Some offer different levels of service, depending on how much to pay and if you have a local manager handling some aspects of your rental property for you.
Ask if the agency can examine the property before and after each and control is a complete physical inventory? They check on your property and tenantExplain how the various major appliances? Will be able to organize and repair and ongoing maintenance of a written report? They are dependent on a 24-hour call-out in case of emergency?
Make sure you know exactly what you get for your money - because it is the cheapest provider is not always the best or most reliable. Talk to see with my fellow owners in the area, whether they recommend a good agency - or, I can recommend to prevent companies.
Decide whether youthe same agency looking for your property, pool and garden. Many owners prefer to hire a different company to pool maintenance and / or gardeners, there is someone else to watch in their absence.
If they do, the Agency, its mission, the gardener may be able to tip off ... and vice versa!
Appointment of a Property Manager
If you decide against the use of an official body - and you do not live locally - it is important to designate a property manager. You need areliable and responsible person who lives near the cottage. You can usually find someone willing to do for a fraction of the main road agency fees.
Its tasks also include a weekly review of the property, arrange for a thorough cleaning before and after each group of visitors, delivering and collecting keys and general troubleshooting.
Consider paying your carrier for more local tasks such as shopping, gardening, writingWelcome cards, etc. Many owners find it useful to consider them because, so a visitor - to see whether all is well from their point of view (and that is all well with your property!)
Keep in close contact with the supervisor, who can never be hand over the keys of the house until the green light from you.
Many owners have difficulty following the appointment of friends as a janitor ... complaints from residents that some disgruntled can do to the friction between the owner and leadold friend! Keep the property to be as objective as possible.
Clean
Never underestimate the importance of this important aspect of the holiday home. Wastepaper baskets that have been emptied, sweet wrappers lurking in a corner of the children's bunk beds and greasy rings add up to a bad start to the holiday.
It 'important to have good reliable cleaning can go in between the property - many owners send them to aMid-week clean. In addition to down well with your guests, it gives you an excuse to keep an eye on things.
Do not expect your property is in perfect condition after the rental period. There will always be visitors who leave a mess that destroys things, and trampling the plants, etc. It 's all part of his work.
If you keep a record of names, addresses and phone numbers, you can see all the "undesirable" if you do not reuse. Gradually you should be ableBuilding a group of good customers loyal to you several times over the years
Handling inquiries
If you're not using an agent that most of the fact that they deal directly with potential customers and get their letters or phone calls as a means of identification of possible "bad apples". A phone call will tell a lot about a person if you treat him well ... They may decide that it is the kind of person are you in your property!
Do not ignore the rentQuestions - even if your property is completely booked.
Thanks for the applicant to demonstrate an interest in it. Take the opportunity to make even more interest in your property and suggest to book early next year.
It 's a good idea to write their names and contact details into an "account of actual and potential customers and follow up with a Christmas card - ideally, accompanied by a color photo of your property well.
Spam and fraud claims
Since the Internet asgrew up, he drew the elements of evil in life, abusing criminals. Many scammers and thieves have entered the arena. Be careful especially when your questions via e-mail because it can often be difficult to fraud. There was a spate of these scams in recent years and those from Nigeria, were very important. If you have concerns about issues such as these are then please report them to the company, you can help us to list your property, themay be a good experience to know of these scams by other users.
You can also contact the police for help. Usually, these artists have with phrases seemingly unreal as the sending of a check in advance for a significant amount and asks you to pay the balance. Of course, the control is not clear. They have the opportunity to see more if you have any doubts that the terms of the contract are met, and get all sums due prior toconsider over the keys! You can also check for proof of identity before the financial negotiations, if you are uncertain about the motives of the applicants to perform. You may not under any circumstances, details of the location of your property, address, etc., until you are absolutely sure who you are dealing.
Luggage
Insist on a deposit - usually between 20-25% of the total rental price. The rest should be paid six to eight weeks beforethe date of the holiday. If someone from behind, has this time to try to secure a replacement booking. ask for reservations made less than two months before the date of grant for which full payment immediately. When a potential client - object to be treated that as a wake-up call. This is probably not the kind of person anyway.
Never a company to confirm the deposit in the bank .... but it really seems to be interested. You lose the possibility of a back-upReservation. Be sure to check before sending the keys are deleted, exact address, etc.
It is necessary for this rare but dangerous type of tourists that keep their investment, but not paid for the rest of the booking fee.
Insist on the full amount at the keys ... After all, people expect to pay the entire front when booking a holiday through a travel agent.
Security deposit
Trippers will be charged a refundableDeposit - 25% more often - to cover breakages and damage. Some owners do not charge any deposit - trust dear guests to report on all the breaks and to pay for replacement.
This can be risky - but it is good with the customer and avoids the problem of deposits of administrative reimbursement.
One owner told us: "I have a strange collection of cups, because people have broken things and bought a replacement."
A good rental agent will ensure that nothingbroken is replaced - with matching items! - Among the leaves. If you have your property manager to ensure that he / she is doing the same.
Handling Your Finances
A broker remove the headaches of managing the reservation deposit, confirmation rates, deductions for breakage and granted bail. You have to think about how to handle this than with an agent.
Most owners are not able to accept payment by credit card. ManyTourists prefer to use checks, electronic transfers rather than found, but some owners, foreign checks may take several weeks to clear - they have to pay bank charges vigorously for currency conversion.
In terms of finance .... It is not advisable to try and fail to declare your rental income to the Treasury. If you are an effective advertising, especially if you invite the applicant rent directly to you, that is, the Treasury could end upthe other end of the phone, as well as potential clients!
Insurance
Tell your insurer what you are doing. Many insurers limit and increase in premiums, when the properties are left. Consider additional household insurance covers accidental damage, if the amount claimed exceeds the deposit.
Some owners take legal expenses insurance in respect of disputes with tenants. You may also want additional insurance rental income to be extendedIncome in the event of property damage.
Take the time to fill out a very thorough inventory - room by room and utility room with closet. Take photos of each room, wall, closet, etc. so if there's one, fire and theft or other problem, you have an indisputable record of all your possessions for insurance purposes.
Your property manager should review after each visit that your valuable assets (TV, microwave, images, etc.) still exist.
Keeping the CustomerSatisfied
Leave your guests some useful information - such as maps, phone numbers, car rental, etc. - a week or so before their arrival. This shows that care for them - makes them feel good, you put in a similar state of mind and enjoy the property and I hope it will attract even next year. owner of some small success and personal "touch" - a bottle of white wine in the fridge, fruit basket and a welcome card with the names of the guests - can make a difference.
ManyOwner a "welcome pack" of food - especially from travelers who arrive after the scheduled closing time. Obviously with customers. But as the owner found out, some people are never happy. "I had complaints from people who wanted to butter, margarine -. Or, if I provided they were black bread, if I let a woman know me also sent a list of what they wanted in advance - was enough to feed a family for a week.
I gave my welcome packit! "Do not forget to take your guests after their departure. Please send a letter expressing the hope that they enjoyed their stay and ask for suggestions for improvements. Make sure you keep the addresses and telephone numbers for later use at all .
Submit your guests - and who made reservation requests - an occasional e-mail newsletter. Give them some interesting extracts from local festivals, great restaurants you have visited, wines from the local leaguehaunts you've discovered. Lure with a little '"auditor" and local color that attract visitors - and more - your holiday home. Not always relate to actual or potential customers only as a source of income. To win - and win again - it must demonstrate an interest in them, that something special and pampered.
Keep a book House
Compile a book home with practical information and instructions such as how to operate the heaters or fans, who to contactWater, waste, etc., where your guests will also appreciate information about restaurants and places to visit, contact phone numbers and addresses of local doctors, dentists, hospitals, police departments and fire, etc.
Some owners even go so far to leave meticulous details about the type of birds and other wildlife, which can be seen in the garden and the surrounding area.
Legal
If you are planning a holiday institution of property to be with you, make sure you have alegal contract in which exactly describes the exact responsibilities of both parties. Any agent's reputation should already have a standard contract covering topics such as:
* Method / timing of the payments to you as the owner * * Prices Commission responsibilities of maintenance / repair responsibility for damage caused by accidents * customer service - before, during and sometimes after the rental period * treatment of late cancellation
If you have any doubtsthe contents of the Agency's pro forma contract to pay a lawyer, a professional eye cast over them for you before you sign - yes, it's more effort, but could give you a fortune in the long run! If you plan to manage the bookings ourselves, it is equally important to a legal agreement between the user and for each visit as a party. The contract should specify the conditions under which you left the property. One member of the visiting party should sign the contractwhat should he / she is signing on behalf of all passengers. The contract must answer the following questions:
Method * / time * * reservation and damage deposit payments in case of late cancellation of payments (percentage of total rent) * Detailed call records of individual services / facilities included in the cost. For example: * Swimming pool / garden maintenance * Heating / lighting / water cost * tax * Bed linen and towels * Cleaning service Cots / high chairs * welcome package of relief items * 24 hoursAccess to a local agency * The size of the party - we reserve the right to limit * the face of changing times of the day - if visitors are expected to leave and
Do not forget to take stock of your property, add the contents of the contract. The contract should state that the party visited the responsibility to ensure that all accepted papers are still present and intact. Your guests ahould be held responsible for replacing missing or damaged.
Whatever the conditions of yourAgreement provides for a percentage of the rent without refund request, if you receive legitimate complaints from your guests. In addition to being an ethical issue that makes business sense, if you repeat bookings and impeccable manners to do!
Setting a rent
They want the money of your vacation property, but at the same time, obviously you want to book a reasonable all-important holiday, which will attract theseRequired.
Get the price!
A little research will go a long way here. It will not take much time and effort and it will be worth it in terms of number of bookings you are sure you will do the right price.
Look in the window of a local agent to check rental prices of comparable properties in your area. Scan the ads in newspapers and magazines and look online to see houses, as they have always represented and what pricesthey bring. Compare all of our wide range of properties before making a decision on price.
Note that Internet Holiday hunters expect to pay less if you book your holiday directly from the owner, as if the agent booking a holiday. In order to get an idea of what agents are charging and what level commission built into their prices.
Some agents are known High Street for more than 50% chargeCommission for each booking - so you can cut with plenty of space to below when advertising on the Internet.
Calculate the price you choose, it must reflect a variety of factors:
* Location - Coastal / Inland / tourist spot
* Size of property / number of beds
* Close to local beaches
* The availability of a pool (private or municipal)
* Accessibility - proximity to an airport with charter flights
* GeneralStandard of the property and its structures
* The availability of a garden
* Local Attractions
Vary the rental rates for high season, low and medium. You can get a higher price for Christmas, New Year and Easter calculated.
"Testing the water" on a price level where you think you have your prices too high or too low, just change it opened.
Of course, not everyone has the time to manage their apartments - there is a considerable amount of workinvolved - the best solution here is the property management company take care of all the complexities of the business would rent. Advertising that is cleaned with the demands of customers and bookings and rental management and conversion, giving the assurance that your property is well cared for. You must then sit back and get the income from your holiday!
Many of the most successful property management site reservations are accepted for most months of the yearonly in high season. If you are a last-minute gap in their holiday season, for example, use a service late availability.
Conclusion
I hope the information here really helps you make informed decisions and avoid potential problems in the holiday home of your holiday.
Advertising your property on the Internet
Many people have enabled the Internet to promote their property, receive requests andReservations. This is a very convenient option of marketing and offers a large market to attract customers.
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