London and UK Property Investment Blog

Breeze through the panic of holiday let cancellations

[fa icon="calendar'] November 21, 2018 / by Brett Alegre-Wood

Strategies and tips to maintain profits when a holidaymaker cancels their stay

Last-minute (and not-so-last-minute) cancellations are an annoyance that all holiday let landlords suffer from time to time. Instead of panicking and rushing to offer your holiday let at a knock-down, cheaper-than-chips, bargain basement price, by having a plan to deal with cancellations you will preserve your profitability and ensure that your property remains a legal holiday let.

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An introduction to Holiday let law

[fa icon="calendar'] November 20, 2018 / by Brett Alegre-Wood

The law may be an ass, but you’re a bigger one if you don’t know it!

Whatever you do in life, you must do so legally and in line with rules and regulations. Whether at work, as a member of your local sports club, or when you are driving from A to B, what you do is guided by law; it’s no different with holiday let investment.

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Maximising holiday let profits with sensible insurance cover

[fa icon="calendar'] November 19, 2018 / by Brett Alegre-Wood

What to consider before investing in a holiday let insurance

As a holiday let investor, you have invested in a high worth asset. To maximise your profits, you’ll be using strategies to boost year-round income. This means attracting more tenants to your property. In the same way that a buy-to-let landlord puts their faith in their tenants to treat their property well, so will you.

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How do the new package holiday regulations affect holiday lets?

[fa icon="calendar'] November 18, 2018 / by Brett Alegre-Wood

Why most holiday let owners shouldn’t need to worry about this new law

In July 2018, new legislation designed to give holidaymakers more protection came into force. There was no fanfare or big announcement, the regulations just slipped into the system under the radar. This new law was written with the large hotel chains and holiday booking companies in mind, but some holiday let owners are worried that they will be subject to the ‘catch-all’ nature of the new law. Here, we explain why the majority of holiday let owners are worrying needlessly.

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10 holiday let health and safety areas owners must take care of

[fa icon="calendar'] November 17, 2018 / by Brett Alegre-Wood

H&S tips to help your guests stay safe and want to return

Just as you would as a buy-to-let landlord, as the owner of a holiday let property you must ensure that it provides occupants with a safe and healthy environment in which to live – albeit for just a few days or a week or two. Failing to do this could undo all the work you’ve put into creating strategies to boost year-round income and marketing via online sites that help you let your holiday let.

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How to calculate breakeven and forecast profit on holiday let

[fa icon="calendar'] November 16, 2018 / by Brett Alegre-Wood

Easy maths to assess how good a holiday let investment is

As a holiday let property investor, your objectives will be to make enough profit to fund your investment and create the lifestyle you desire. Your first financial hurdle will be to hit breakeven – the point at which your rental income is enough to pay all your costs of ownership. When we discuss the buy-to-let investment with investors, we discuss how important it is to make an accurate cash flow projection. The same principle applies when you invest in  a holiday let.

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Should you use local letting agencies for your holiday let?

[fa icon="calendar'] November 15, 2018 / by Brett Alegre-Wood

Pros and cons of going local with your holiday let strategy

To maximise your income for a holiday let investment, you need to get it rented for as many days as possible. There will be a breakeven point on your cash flow – the number of days where your income equals your expenses. This should be your minimum goal. Every extra day your holiday let is rented after breakeven equals profit. (Read our article “How to calculate breakeven on your holiday let investment”.)

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Online sites that help you let your holiday let

[fa icon="calendar'] November 14, 2018 / by Brett Alegre-Wood

What holiday let rental websites could you use to maximise global exposure

As a holiday let investor, your main aim is likely to be to make a decent return on your investment. Like buy-to-let property investment, the return is made by a combination of capital gain and rental income. One of the key differences between holiday let and buy-to-let property, though, is the rental yield you could achieve. As a holiday let investor, you could quite easily receive double the yield you might expect on a buy-to-let property – a real attraction of holiday let investment.

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The pros and cons of using a holiday let property manager

[fa icon="calendar'] November 13, 2018 / by Brett Alegre-Wood

Should you get someone else to do the hard work?

In my last article, I discussed the pros and cons of self-managing a holiday let. For balance, it’s only right that I discuss the pros and cons of using a holiday let property manager, as you decide how to maximise the potential returns from your investment.

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The pros and cons of self-managing a holiday let

[fa icon="calendar'] November 12, 2018 / by Brett Alegre-Wood

How do you decide whether to DIY your holiday let property?

You’ve asked yourself, Is holiday let property a good investment?”, and decided to take the plunge. I think it’s a great decision – you’re about to invest in the stability and growth potential of the UK property market, with the added potential to benefit from amazing rental yields. You’re also buying a property that you can use as a bolthole when it’s not occupied.

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