Doesanyone own a property abroad that they also let out when not there?
It sounds ideal, buy a home abroad, free holidays when you want, then get a letting agent to rent it out when you are not there.
Has anyone done this, how is it, or did you try it and it was a nightmare. The pitfalls i imagine are, when things go wrong. The bath overflows and floods the place. Bad enough at home, a disaster when its a three hour flight away. |
We have a place in Croatia which we rent out, earns a nice few quid but is available any time to pop over for the whole family. The letting agent we use organised a cleaning lady that changes sheets etc and a good clean inbetween guests. If you get friendly with a few locals they can normally help out with maintenance in your absence, or know someone that will without pulling your pants down.
As the family is getting larger, we have been thinking about selling it soon and buying a bigger house over there, I fancy a stone built place. :luvlove: |
Got a property in France, it's comfortable, but we are still working on it.
We don't let it. TBH, if you want to do so, you either need to be nearby, or employ a manager. |
Cookstar.
Rent out as in...holiday rentals or a long term tennant. If holiday, how easy is it to get a decent occupancy rate. |
Originally Posted by paulr
(Post 11085631)
Cookstar.
Rent out as in...holiday rentals or a long term tennant. If holiday, how easy is it to get a decent occupancy rate. We recently turned down a block offer for 8 weeks this year, as we plan to use it, but does show the demand is there. |
Okay thanks. Obviously you like Croatia.
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My wife is half Croatian and we have a lot of family there.
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I think it is quite tricky to make it "work" financially tbh
The best you can hope for is subsidised holidays, I maybe a bit negative But have seen friends stung Some close friends bought a ski chalet nr morzine, went ok for a year or two, but then through a series of unforeseen and foreseeable circumstances ( including local French bureaucracy) it went t1ts up To the point Where one year they could not afford to go skiing!!!!!!! I am sure it is possible to get a income, but you have to be very canny and treat it purely as a financial transaction, but this is difficult when, by the very nature of the transaction it is personal |
Paul, what Country do you have in mind?
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Originally Posted by cookstar
(Post 11085696)
Paul, what Country do you have in mind?
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Yes. Got a place in Florida. Had it for about 10 years. Have accrued a loss of about £8000 a year so we won't be paying any taxes for the foreseeable future.
http://www.findvacationrentals.com/f...tals-2387.html |
Originally Posted by jods
(Post 11085807)
Yes. Got a place in Florida. Had it for about 10 years. Have accrued a loss of about £8000 a year so we won't be paying any taxes for the foreseeable future.
http://www.findvacationrentals.com/f...tals-2387.html How come? And, are those bars at some of the windows? :Suspiciou Looks quite nice though - I'll save the details for future ref. |
Originally Posted by zip106
(Post 11085817)
£8k pa loss? :eek:
How come? And, are those bars at some of the windows? :Suspiciou Looks quite nice though - I'll save the details for future ref. Bars .... Yes. Quite a lot of houses have them 😨 |
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