May 29th 2020 How you can rent out in a relaxed manner with rental management

Is a holiday property always a safe investment? Many believe that. But a property is only a good investment if the owner can generate income from it that refinances his investment. And that's not a sure-fire success, as the occupancy rates show. Not every property is a good investment - it also has to be rentable reasonably. If you can't or don't want to do this yourself, you can entrust it to professional rental management and thus improve your return.

Occupancy of commercial holiday properties is higher than that of private accommodation

Statistically speaking, private holiday apartments and houses are rented out less often than commercial properties. Now one can assume that the rates for “private” ones are perhaps lower because the owners want to use them themselves from time to time. After all, why have a property in such a beautiful place? However, these may also be properties that are less easily rentable – or are not rented as well.

Renting out holiday apartments is a hassle

What is the difference between renting a holiday apartment and renting a normal apartment? On the one hand, people naturally stay for a shorter time. So you have a comparatively high administrative effort: the property has to be marketed, bookings and payments have to be accepted, keys have to be handed over, the condition has to be checked after departure and cleaning may have to be organized. Not all guests behave as expected and sometimes there is something that needs to be fixed.

In addition, not every season is equally attractive. Ski areas are generally popular in winter and are often ideal for hiking in summer. But very few people go on a skiing holiday in November, for example. So you have to expect vacancies. When it comes to price and features, you are in competition with others. Renting out holiday properties is comparatively complex - but on the other hand, you can charge correspondingly higher prices.

How does professional rental management help?

The personal effort that you have to put in to rent out the property efficiently can be greatly reduced if you seek professional support. Professional rental management first analyzes the apartment or house and its surroundings.

The operator may make suggestions as to how the property could be optimized to be more attractive and achieve a better price, for example through additions or changes to the amenities. A house with a fireplace and sauna is better to rent in autumn than one without.

The operator takes care of both optimal marketing and processing. Holiday guests are welcomed, the condition is checked after departure and, if necessary, any necessary repairs are carried out. This is particularly a relief for owners who live further away and would have problems having to be on site again and again.

However, professional rental management also contributes to better utilization of the property - and thus to a better return for the owner, despite the fees that the agent incurs. The owner can of course still go on holiday in his own four walls.

Rent better, more returns, less effort

Not every property in every location can be rented out equally well. If you want to buy a holiday property primarily to earn money, you should probably contact the potential operator in advance and get advice.

This makes it easier to assess in advance whether the expected return for a property is realistic and in proportion to the investment. The additional costs of buying a property such as property transfer tax and land register entries must also be taken into account, which can easily make up more than ten percent of the price.

Of course, an operator cannot make the final decision about which property someone wants to invest in for anyone. But the personal effort involved in managing such a property can be kept very low - and still good money comes in.