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Who's
Been Sleeping in My Bed – The Problems of Sharing Your Holiday
Home with Paying Guests By Philip
Suter
If
you are a holiday home owner, you
might choose to let it out to produce additional revenue,
or of you a lot of financial responsibilities like a mortgage,
might not have a choice. If you do let remeber that you have
now started a business - a business in your own home.
Naturally
if you only visit the property a few times of a year you should
employ a local agent (or very reliable friend or family member)
to look after your interests.
A
smooth running operation will mean that your paying guests
will be checked in and out and provided you or the agent holds
a damage deposit (and
if you don’t you are taking a very high risk) any damages
can be paid for. You can of course walk in and find that you
have “new works of art on your living room walls” as a result
of small guests exercising their drawing skills and you have
to organise re-decoration yourself.
The
problem of course is that although the property is your property,
it is rather like letting strangers (or even friends) have
the use of your own main home. Your possessions will get moved
– You might find your kitchen cupboards are all re-arranged.
You won’t be able to keep the beds made up, your clothes in
the wardrobe or your prize cd collection out.
Other
inconveniences are that you either have to unplug all the
telephones and computers or just get the phone lines put in
suspense as otherwise you could have some rather large phone
bills and no come back.
When
you leave, unless you want to risk loosing your alcohol and
food, you have to lock it away. Guests don’t normally intentionally
use up something in a holiday home rental house’s kitchen,
however how are they to know it was not something left over
from the last paying guest!
Storage
cupboard with lock:
ideally
you the property owner should have a secure cupboard or room
where you can keep your own possessions. You at least know
they won’t be touched by anyone than yourself. The drawback
is that every time you come and go you have to get things
out and put then away when you leave. As time goes by the
average house owner collects more and more possessions that
they don’t want to “expose” to their visitors so the problems
of settling in (and moving out) get worse.
To
avoid these problems you can of course stop letting the property
out, know that the remote control for the television and DVD
player are where you left them, but there again you wouldn’t
benefit from that additional income, knowing the property
was being aired (particularly in winter) and paying the tax
authorities tax on your rental profits!
Good
luck with your holiday vacation rentals and enjoy your holiday
home with or without paying guests.
Philip
Suter is a Director of jml Property Services; http://www.jmlproperty.co.uk
a UK based company offering Insurance products on line
at http://www.jml-property-insurance.co.uk
and a holiday home advertising service http://www.jmlvillas.com
and management training within the UK. He a travel
writer and is a very experienced property consultant with
over 30 years work in the Residential letting business in
the UK and served on the National Council of ARLA. He is a
Fellow of the National Association of Estate Agents (NAEA)
and a Member of The association of Residential Letting Agents
(ARLA)
Article
Source: http://EzineArticles.com/?expert=Philip_Suter
©Philip
Suter jml Property Services June 2006
See
also Check list for Owners
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