There are many reasons why people decide to rent out their investment property as a holiday accommodation business.
It could be a means of paying the mortgage on a retirement home prior to retiring. It also could be a way to provide economic stability when the property market is softening, turning a burden into an asset and maintaining your property until you’re ready to sell. Or it could just be an investment and an external source of income for you and your family.
A Smart Investment
The main difference between renting to holiday makers rather than long term residents is you exclusively have control over market costs and vacancies. Plus, at the end of the day it’s still your home. You can’t kick your tenants out for the long weekend, but you can make sure no one books it.
Your location will determine your peak periods, which can all be priced at your discretion. If you suddenly decide to sell, you have a property ready to market that is beautifully staged, with no need to give notice to tenants.
Property is one of the better investments you can make and the South Coast is fast becoming one of the most desirable investment regions in NSW. These ideas together create a relatively infant market, with money ready to be made. Whether you own an existing property or are looking to break into the market, there is currently a niche waiting to be expanded.
We’re Here To Help
Setting up a holiday home can be a very stressful venture without the right expertise. Especially if you are time poor, don’t live locally and don’t have the experience to establish or manage the property.
Our stylists can have the fit out done in a matter of a weeks, getting you up and running to accept bookings sooner. They have the knowledge and expertise of what holiday makers expect and what furnishings are the best for each environment. The way your property is presented in online photos and upon arrival is subsequently the way to achieving strong occupancy and a premium nightly rate year round.
Another key factor is having an experienced holiday rental agent who can market your beautifully presented property to their vast database of vetted holiday makers. They will help you not only market the property but also manage it to keep it in peak condition and turning over so that you can enjoy it as a successful and profitable business venture.