provide help in preparing your
home for rent, marketing it,
paying tax on it, and every
aspect of letting it out." Here
he provides the key areas to
consider.
HIGH STANDARDS
Put simply, properties need to
be safe, clean, and comfortable.
This may mean investing in a
few things or doing cosmetic
work, and LPM visit and assess
the property, providing a list of
necessary additions.
"Most properties are
rentable, but we don't take on
properties that are not of a
certain standard," says Charles.
He says upgrading mattresses
to guest standards is not
uncommon and electric gadgets
must be safe. A property with a
private swimming pool will be
able to command higher rates
than one without, one with more
than one bathroom for three
bedrooms is also more rentable.
RENTAL POTENTIAL
How much can your property
earn - is it worth the extra
investment after tax and
expenses are deducted? With
access to short-term rental
data, LPM provides a rental
study estimating how much
W
ith mortgage rates
rising, energy costs
going through the
roof, and the price
of things in our supermarkets on
the up, property owners, old and
new, are looking to make their
homes pay for themselves.
Revenue from short-term
rentals can cover your bills and
bring you extra income without
the complicated bureaucracy
and lots of headaches - and
you can still use the property
whenever you wish. However,
to ensure peace of mind and a
profi table experience, it is key
that your property is managed
well.
"As some properties become
more expensive to run, faced
with the choice of selling up
or renting out, we are seeing
an increase in owners coming
to us for help," says Charles
Cramailh of Leggett Property
Management (LPM). "We can
An expert guide to preparing your home for paying
guests - with the right help, it might not be as
complicated as you think.
Make money from
your holiday home
OWNING A HOLIDAY HOME
40 Leggett Magazine
WORDS: LIZ ROWLINSON PHOTOS: SHUTTERSTOCK & C. MOINGEON