Renting your property overseas as an investment property abroad
You may not have considered becoming a landlord abroad before but it may be the ideal way to generate the income necessary to buy property overseas. If you felt you could not afford to buy the villas abroad you always dreamed of, this might be a method of acquiring the funding you require. This is also a popular method amongst those looking for investment property abroad for pure financial gain.
Renting your investment property abroad? Things to consider
Anyone entering the market for property overseas with the intention of renting it out to generate income needs to consider several factors. You must think about which apartments or villas abroad are suited for holiday accommodation for paying guests. Give careful consideration to location, average local rents and proximity of swimming pools, golf courses etc to your investment property abroad.
There might be legal requirements which landlords must adhere to when renting out your property overseas. These will vary depending on where your apartments or villas abroad are located. The following costs should also be considered:
- Building a website
- Advertising
- Tax and insurance
Managing villas abroad
Managing property overseas can be a difficult task if you are based in the UK. Firstly, you must find people interested in renting your investment property abroad. This can be done through advertising, agents or the local tourist board. You might want to establish a website to take bookings online and offer a credit card facility.
Property overseas must be managed and suitable for guests, but you must also consider potential damage and the risks when it is lying empty.
Overseas Homes Direct - rental service for property overseas
In order to ensure your villas abroad are not left empty throughout the year, Overseas-Homes-Direct.com offers an online "villa rental service". We have teamed-up with the leading provider of villa renting services to bring you a low-cost DIY rental service and booking engine for villas abroad.
This service allows you to use the holiday booking engine which you can integrate within your own web site, with the option of using an online web builder to create your own mini-site. You set the weeks you want to rent your investment property abroad using the online "availability tool" and the rent per week.
Your property overseas (with links to your web site) is advertised on www.overseas-homes-direct.com, www.myvillarenters.com and other web sites offering villas abroad. Your investment property abroad is then advertised to thousands of holiday makers, who can book online using a credit card or by contacting you by email.
This secure and reputable villa rental service will cost you between 7.5% and 10% for the booking charge depending on whether they pay by credit card or directly.
This service ensures your property overseas is leased out for most of the year but still allows you the flexibility to book weeks for you and the family. Let overseas-homes-direct, and villarenters.com take some of the hassle out of managing investment property abroad. We can help turn villas abroad into a profitable business and a holiday home at the same time.
