H O L I DAY H O M E O W N E R S H I P | TA L K I N G B U S I N E S S
Renting your home out for the summer - genius or madness? Demand for staycations this year remains
the benefit was being forced to declutter
PROS
high and it’s clear that it’s going to exceed
and throw away things they never use and
• No need to interact with guests, do any
supply in school holidays. There are going
with a deep clean before and after the rental
to be some disappointed people who left it
it was almost like therapy for their home!
• Professional cleaning and linen supplied
too late and sales of motorhomes, caravans Methods for the madness?
and tents are booming.
work or deal with crises • Expert advice on pricing and presentation • Brand and existing client base for marketing
Broadly speaking there are three options If you’ve ever considered moving out and
CONS
to consider:
• Commission may be higher
renting your home or if you have a second home that you normally keep for yourself
1. DO IT YOURSELF
• Cleaning & linen costs with vat
then opportunity knocks!
With platforms like Airbnb it’s certainly
• No connection with guests – you may
possible to get the bookings yourself, Second Homes
especially this year and if you’re just going
Many clients don’t really need the money
to move locally and be around anyway it
and their place is precious to them so why
may be an option.
do they bother with the hassle?
3. RENT TO AN AGENCY Some agencies including ourselves will rent
Some
just like the idea that a few weeks’ rental
enjoy delivering hospitality • Need a proper clear out and deep clean
PROS
the house for the whole period at an agreed
• ILower than as L low as AYrate take can cover their annual expenses E Vbut E RforY T H N G fees FO RfullTagency H E (not HO ID Hand OM EonOtheWrisk NofEvoids R and costs areRadded guest services. many it’s the concept of ‘free money’.I N This S A Nthey D Bseem A NasKsubstantial S & Sfees UR O U N DofI cleaning, N G Alinen R Eand AS won’t make sense if you are an accountant
to the price before the guest pays)
Shopfront on the Peninsula | Sophisticated Digital Marketing • Cheaper cleaning and laundry cost if you PROS Cleaning, Linen & Changeovers | Maintenance & Renovations | Concierge Services employ a cleaner directly • You know where you stand from the start different category so they can spend it on 24 Hour Emergency Callout | No Restrictions on Owner Bookings • Cheaper still if you do it yourself! and so can book that holiday something they couldn’t normally justify to but in their mind the money is in a
• Allows for marketing as homeshare so • Hand over and forget without buying themselves – spectacular holiday, classic Let us take care of all the work so you can enjoy your holiday home and take advantage less preparation extralet things needed car, motorbike or jetski, you get a really big of the significant tax benefits of running it as a furnished holiday business. • No risk of empty weeks or cancellation
reward for minor inconvenience.
CONS Main Residence
• Dealing with guests from enquiry to arrival
CONS
This is another level of challenge in that
• Being
potentially
• Less income in the end if all weeks are sold
• Less control over cancellation policy and
Think long and hard before making a
packing up and moving out of your own home is a major undertaking.
You can
put your stuff into a garage or spare room that’s locked up or rent some storage but
on
call
24/7
for
challenging guests other conditions
commitment as you can’t back out at the
• Income not certain until booked
last minute but also think about what you
SERVICED LETS FROM RUMSEY O F SANDBANKS usually have to do to earn the money – it
don’t underestimate what a task this is! Of
Theperson perfect solution temporary accommodation from a weekend to 5cash months 2. FULLfor SERVICE AGENCY may be the easiest you ever made! course circumstances vary – a single Letting period with a premium takes away in a large house may find it relatively easy, No minimum rentals agency | Broadband and maintenance included all and the work worry, services especiallyavailable if you are a family with three children rather less cleaning so. Regular linenand change
Simon Tolson owns of Sandbanks. | Fully furnished andRumsey equipped
planning to go away. Contact Simon on 01202 707357. Several of our clients have said that part of Rumsey of Sandbanks will tailor the experience to suit your exact needs so you can get on with the rest of your life and we can turn an awkward stop gap into a great and memorable experience.
EVERYTHING FOR THE HOLIDAY HOME OWNER www.rumseyofsandbanks.co.uk IN SANDBANKS & SURROUNDING AREAS 01202 707357 w w w. r u m s eyo f s a noffice@rumseyofsandbanks.co.uk d b a n k s . c o . u k | 0 1 2 0 2 70 7 3 5 7
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