Viewing Single Post From: Business as Usual

Viewing Single Post From: Business as Usual
PC Pom	Jul 30 2008, 01:33 AM
Anyone for tennis? Posts: 654 Group: Admin Member #1 Joined: March 23, 2006	Calling all you business people that rent out homes. I'm sure there are many Brits coming over here who think that they too would like to get in the business of renting out a second home to migrants on a short term basis. I am one of them. Of course it's not easy to do, not just from the perspective of obtaining the mortgage but also the work that goes into keeping the business a viable one and offering 'extras' that a simple rental home on a 6 month contract does not entail. We've got a second property, in Hervey Bay, less than 2 mins walks from the beach, which we let out on a fixed rental contract. Perhaps next year, if the economic picture is suitable, we'll be looking at buying another house (aka getting another mortgage), much more local to us, but this time doing the migrant rental option. Bearing in mind that these properties are investments for a peaceful and stress-free retirement, and I do have a little time on my hands, would running a business like this be a good thing to do or simply do you wish sometimes that you could just let the house out to rent for 6 or 12 months at a time with a property manager? How many houses seem to make up the ideal balance? I know it's a divulging question, so divulge as little as you want, but really I'd like to know if you have any regrets or packets of wisdom you'd be prepared to pass on. Paul.
	Koala Konnection UK to Australia and New Zealand. Migration Made Easy.

Business as Usual · Accommodation