You’ll need to decide whether you’re going to be hands-on with the running of your holiday let or pay a management agent to handle everything for you. This will partly depend on your proximity to the property but if you do use an agent expect to pay them around 20-25% of your rental income.
If you’re nearby and want to maximise income by handing everything yourself, you will need to:
● Arrange all the marketing.
● Handle the cleaning and laundry between guests.
● Correspond with guests about bookings and handle inquiries.
● Be on hand seven days a week in peak periods and be able to handle emergencies like a boiler breakdown.
● Arrange any maintenance on an ongoing basis.
Customer service is crucial if you want to run a profitable holiday home venture, with guests leaving feedback on popular websites like TripAdvisor potentially affecting future bookings.