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  • Holiday Lets

    Holiday lets myths .... BUSTED!

    As many of you know, we are huge advocates of holiday lets, particularly coastal ones.



    We think they are a great way to diversify a portfolio, as well as adding an extra dimension to your lifestyle, as family and friends can use them when you have a vacancy.

    I recorded this video to bust some of the myths that I hear about holiday lets:

    1.  That holiday lets are more hassle and work than single occupancy BTL.

    2.  That there are greater costs associated with holiday lets.

    3.  That you can only get the summer months let, and the off-season months are vacant.







    I regularly writes about holiday lets on her blog >>> here.

    The Holiday Lets Tribe is also a huge resource of information on buying a holiday let, marketing it, extending occupancy, and generally raising your holiday let game.
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    Interesting video Vanessa,

    I agree that holiday lets are no more hassle than your standard BTL if you have the right team. A poor cleaning company will ruin repeat customers as no one will want to come back to a grotty house, letting agents can make or break your business which is why we set up Beside The Sea after a bad experience.

    Costs are higher but then the returns are that much higher.

    For example one of the cottages we manage in Camber (A 3 bedroom house) will return around £25K this year.

    The same property as a standard BTL will return around £11-12k if you are lucky

     

    A well run holiday let will outperform an HMO and a standard BTL

     

    Richard

    https://www.1066countryholidays.com

     

     

     

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    Thanks for commenting Richard.I do think people tend to over-complicate holiday lets.BTW, welcome to Trading Post, good to see your listing on there. Smile
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    No problem Vanessa.

     

    Its because people tend to make holiday lets more personal to them, they forget that it's a business too!

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    That's a good point Richard.I think that its okay to "care" about holiday lets and take on a bit more the attitude of a hotelier in the respect of ensurin high levels of cleanliness, maintenance, fixtures and fittings etc.Also, I never recommend people buying a holiday let that they wouldn't like to spend time in themselves.  If you do not love and understand the area, and what it offers, how are you going to convey that enthusiasm to your guests?
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    If you love the area then your enthusiasm rubs of when you talk to your potential guests, they get to go to the attractions, pubs and places not mentioned in the guide books. They have a holiday to remember and you get that all important review!

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    Hi Vanessa and Nick,

     

    We can't wait to hear from you at MK Property Meet on 12th Sap.

     

    Look forward to see you,

     

    Sharad

    https://mk-propertymeet.com

     

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    Have any tribe members used HomeAwayUK.com for their holiday lets before? They have booked a stand at the upcoming Property Investor Show and from a B2B perspective have been a real pleasure to deal with. Tim Boughton (General Manager) is presenting a seminar as well, I expect this would be of interest for some tribe members. 

     

     

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    Hi James,

     

    We use HomeAwayUK.com for our holiday lets as well as the cottages we manage for our customers in conjunction with other leading holiday let portals. I would recommend that if you are marketing a holiday let by yourself then they would be one of my first choices.

     

    Richard

    https://www.besidetheseaholidays.com

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    How do you find holidaylettings.co.uk compares with homeawayUK.com ? Are they both easy to link to other booking systems, so calendars are automatically kept up to date? What is the comparative coverage and query clicks?

     

    Generally the price of these advertising methods is not important, one extra booking covers the annual cost.

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