Do you own a second home? Or are you thinking of investing in a second home? Are you wondering how to make the most of a second home investment? Well, here’s how you can generate income and drive maximum benefits on your investment in the long run.
We know that buy-to-let or second home is one of the popular medium to long-term property investment options. We agree that there are multiple benefits of owning a second home – the property will not only help you potentially earn a profit through rental yields or capital growth, but it also provides a retreat away from the city, where you can relax and rejuvenate. So, it makes a lot of sense to own a second home, of course, only if you can afford one.
Now, the question is how do you make the most out of your second home? Can you use it to generate a second source of income for you? Well, yes! In fact, second homes are one of the best ways to generate passive yet regular income.
However, figuring out how to become a landlord generally takes some time and requires the knowledge of how the home rental process works. Also, finding good tenants across all seasons could become a challenge. Now, you must be wondering if there’s a better way to rent out your second home? Yes! Read through to know more.
Rental income can offer additional cash flow
One of the easiest ways to generate income using your second home is to rent it out. Why? Well, with travel becoming an essential part of life whether you are venturing far and wide or close to home, be it for livelihood, better employment opportunities or holidays, you have people moving regularly. And, having a roof over one’s head is quite an essential. So, your second home is always bound to fetch you revenue via rent or license fee, provided your property is in a good location.
Take the hassle out of your property rental
Did you know, you can choose to rent out your second home on a short term basis? Yes!
Introducing Belvilla – helping homeowners open doors to millions of guests from across the globe for over 40 years now. We at Belvilla take all the hassle out of renting out by offering a wide range of services. So, you can essentially sit back and relax, while we do everything to manage your property and help you earn rental income.
What do we do for you?
Market your property – We know that promoting your property in as many places as possible is the key to maximise your income. We’ll leave no stone unturned to ensure that your property gets the attention it deserves. We work with more than 2000+ websites including Booking.com, Airbnb, Expedia, Tripadvisor, Homeaway, Casamundo & others to bring your property the best possible exposure throughout the year.
Maximise income – We use the power of technology to make the most out of your property and deliver value. We have dynamic pricing, powered by artificial intelligence to calculate the price of your holiday home using a combination of historical data, internet searches, market and competitor data and analytics. This way the price for your vacation home is set automatically and it reflects the real-time market value so that you enjoy the best price, best rate of bookings and maximum income.
Timely Payments – Our homeowners receive full rental amount within two weeks prior to their guest arrival. This means that the rental income will be in your bank account well before the guests walk through the door.
Renting out your holiday home with Belvilla is one of the smartest and easiest ways of earning income. You’re always in control of your property and the best part is you don’t have to do anything! We do everything for you from start to finish, and you just get to make money. So, if you are interested in knowing more about our services, we recommend you talk to one of our rental experts today.