10:14 AM, 18th August 2015, About 7 years ago 7
I own several properties, and I also lease several properties from other landlords to rent out (an agreed Rent to Rent scheme). I’ve been a landlord since 1997, and have been doing R2R schemes since 2005. These have always been as self-contained properties let on standard ASTs, or as properties converted into and let as HMOs.
I’ve now had an owner offer me a cottage for lease as a R2R property, and this is next door to one I already own and rent out on an AST (so my tenant can keep an eye on it for me). A room in a guest house in the town starts at £65 per night, and are usually fully booked, so I think this cottage would make a great holiday let. Other self-contained holiday lets in the area start at £300 pw. I have no experience of holiday lets, so I wondered if anyone experienced in this market could give me some advice please, e.g. how best to set this up, what agreements to use, what insurance may be needed, etc, etc.?
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