Writing in Landlord Today, specialist insurance firm i4me give their advice on starting a holiday let.
The original article can be seen here, and in summary says:
1. Preparing Your Space
- Choose the Right Property: Decide between cottages, apartments, unique spaces (treehouses, camper vans), etc. Focus on location, size, and layout.
- Comfort & Style: Use quality bedding, mood lighting, and thoughtful décor. Add small extras like toiletries, kitchen supplies, and local guides.
- Safety: Install smoke detectors, CO alarms, fire extinguishers, and label emergency exits. Provide emergency contacts.
- Insurance: Standard home insurance won’t cover damage or liability—invest in tailored holiday let insurance.
2. Creating a Standout Listing
- Descriptions: Highlight features and benefits. Use descriptive language and mention proximity to attractions.
- Photos: Use high-quality images. Consider hiring a professional photographer to showcase your property.
- House Rules: Set clear boundaries (e.g., guest numbers, noise, smoking, check-in/out times).
- Business Amenities: Appeal to business travellers by providing fast Wi-Fi and a small workspace.
3. Legal, Financial & Tax Considerations
- Local Regulations: Check for required permits, taxes, and rental duration limits.
- Record-Keeping: Track income and expenses for tax purposes—consult a tax professional if needed.
- Additional Insurance: Consider unoccupied home insurance if your property will be empty for long periods.
Key Tip for Success
- Focus on guest experience and ensure your property meets legal and insurance requirements. This will attract bookings, positive reviews, and long-term profitability.
For extra support, consult specialised insurers like i4me to ensure a smoother hosting journey.
