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The Holiday Rental Business
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The Holiday Rental Business

Self-contained holiday accommodation is becoming more and more popular.

During these tough economic times, holidaymakers are quite partial to the savings renting a self-contained holiday home can bring.

For instance a fully self-contained holiday house with cooking facilities can help save a bundle by negating the need to eat out in restaurants and other eateries.

Some of my clients own more than 10 holiday rental properties and continue to expand their holiday rental portfolio.

Here are 3 basic reasons why an investor would choose to set up a holiday rental portfolio instead of considering long-term tenancies in residential investment property.

Return on investment

There is no doubt that a well set up holiday rental in a good location can bring excellent returns. It is not unusual for a holiday rental property to bring somewhere between 7% to 21% return on investment.

Even considering the expenses, such as cleaning and maintenance (totally tax deductible) the investor will still come out ahead of the average residential investment at 2% to a maximum of 5%.

Holiday homes or apartments can command anywhere from $100 to $20,000 per day, depending on the area and obviously the property.

In the Blue Mountains area you can still find cottages at $100 per day. For instance Waragil Cottage can sleep up to 4 people, whereas in Palm Beach a waterfront home can bring in very high short-term rates.

Regular maintenance and scrutiny of the property

The constant cleaning and maintenance of the property ensures the home is closely monitored and any issues are quickly addressed.

Although the holiday rental will be a lot more expensive to run, as cleaning is required with each booking as well as maintenance of the gardens and the overall maintenance of the property (such extras are added on to the daily tariff).

By such close scrutiny, the holiday home is well maintained at all times.

Whereas a residential investment can go unchecked for longer periods with the tenant at times not bothering to address maintenance issues requiring attention.

The owner has the use of the holiday rental

The investor, family and friends have the opportunity to enjoy their investment. Depending where the holiday rental is located, it can serve a dual purpose: as an investment for holiday rental and income generating purposes as well as a holiday home.

Overall a successful holiday home can be a great investment with the potential for great returns as well as being a piece of real estate that can be enjoyed by the whole family.


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