If you’re waiting to sell your property or have a property sitting empty, you can earn extra rental income through holiday rentals whilst your property is on the market.
With the rise in popularity of private holiday rentals with holidaymakers, many homeowners are finding that renting out their property makes a substantial contribution towards running costs, or in many cases, enables them to ‘live the dream’ of a career change or permanent move abroad.
And it’s not just apartments and villas in the sun; demand for holiday rentals in the UK is just as strong, with London one of the most popular destinations. Holiday homes are now popular for all types of getaways worldwide.
Whether you want to rent out a few weeks to cover some costs, make your retirement home pay for itself, or you dream about a career change or living abroad, letting your property could be the answer.
Ilan Morris bought two properties several years ago and was renting them to students, but this wasn’t making any him money and I was still relying on teaching to make a living. He explains, “I realised switching to holiday rentals was key. Renting the properties online via HomeAway.co.uk opened the door for me. It means you don’t have to use an agency that will take a big commission, and the cost of my yearly listing is covered with just one booking.”