Landlords Log Part 12 – Holiday Lets Discussion

by Mark Alexander

13:44 PM, 12th October 2011
About 9 years ago

Landlords Log Part 12 – Holiday Lets Discussion

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Landlords Log Part 12 – Holiday Lets Discussion

What better time to discuss holiday lets than whilst I’m on holiday? Are holiday lets a viable investment and how easy is it to manage a property at distance? Please share your thoughts and experiences. Whether you are into holiday let’s or not this video is well worth a watch just to enjoy the wonderful scenery of Taormina in Sicily ….


Mark Alexander
Mark and his family have been investing in property since 1989, initially in the Norwich area but more recently across the length and breadth of England. Mark created Property118.com as a social network for landlords with a vision of becoming the UK’s largest online property investor directory.
Mark’s experiences and strategies as a landlord are shared here

Mark’s Articles




Comments

David Dennis

9:15 AM, 13th October 2011
About 9 years ago

We bought a new townhouse in Portugal, in the eastern Algarve. The idea was to rent it out for holiday lets and take winter breaks ourselves. We had a letting agent to manage the house and to find tenants. In practice, we found that the agency dealt with repairs efficiently, but of course there was an extra payment to them and coupled with their annual management charge and high fees for meeting guests, seeing them out and arranging for cleaning and laundry, we found that that there wasn't much profit! Also they didn't find many holiday tenants.

We have now ditched the letting agency and found a local English person to do the management and we find our own guests by advertising the house on 'Owner's Direct' website, which works well. In additon, we have found an English family to rent the house through the winter months, each winter, so as an investment it is now working well. The only trouble is we never get out there!!


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