Investing

What are some things that I should not do if I am investi... What are some things that I should not do if I am investing in commercial property?
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Can I rent out my holiday home myself or should I use an agent?

When deciding whether to rent out your holiday home personally, or to entrust it to a real estate agent or property manager, consider the following:
  • What knowledge of the industry and rental market do you possess?
  • How much free time do you have to devote to marketing your property, dealing with renters and handling any unforeseen issues?
  • Do you have the ability to handle maintenance issues personally (or the time and contacts to arrange for tradespeople)?
  • How willing are you to involve yourself in your customers’ rental experience or to deal with possible complaints?
If you decide to manage the letting of the holiday property yourself, there are a number of tasks that you will need to undertake.  These tasks include preparing an inventory and condition report at the beginning and end of each rental period, cleaning the property after it has been vacated, laundering used linen, replacing any broken appliances, and transferring the keys to each new tenant.

Self-managing owners need to be highly organised to handle all of the tasks required.  It also helps to have all advertising and booking mechanisms streamlined.

First National Real Estate property managers can handle all aspects of holiday home property management for you, removing hassle and stress.  Our property management fees are inexpensive, and are normally a tax-deductible expense. Contact our property managers now and let us manage your holiday rental for you.
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