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Holiday Home Investment Properties in The Lake District

How to get started in holiday letting

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Looking for Holiday Investment Properties in The Lake District?

“Compared to longer-term lets, holiday lets can be much more profitable. A very rough rule of thumb might be that you can charge the same for a week’s holiday let when in-season as you can for a month’s long-term let”
– Property Investments UK

If you’re looking to try your hand at holiday letting, This guide provides some of what you’ll need to know, from the marketing side to the legalities, we’ll help you make intelligent decisions and start making money.

With a few simple steps, you’ll be on your way to becoming a successful holiday let landlord.

1. Research Your Market

Before investing in a holiday rental, you need to do your research. Identify which clients you want to cater to, what the local tourism is like year-round and during peak season and how much competition there is in the area. Research the local attractions and learn about the popular activities that could attract guests to your property.

Armed with all this information, you can then make decisions on pricing, amenities, and other factors that will make your holiday let an attractive destination for future customers.

2. Determine Your Ideal Guest Profile

Who is your target market? Are you planning on appealing to tourists, business travellers, outdoor enthusiasts or large family groups?

Think about the features of your home that are likely to be attractive to this demographic to narrow down your choice of property and, remember to highlight these when advertising. Knowing your ideal guests’ wants and needs will allow you to cater specific offers and messages to them.

3. Choose a Property and Get Insurance

Choosing the right property can be a tricky task. Consider all possible legal and financial implications before committing to a purchase. Speak with local advisors to understand any tax obligations or regulations associated with holiday lettings in your area and make sure you have sufficient insurance coverage for your property.

Once you’ve bought the property, you need to equip it and provide amenities for guests, so take time to decorate and furnish it properly. Finally, be aware that owners of holiday lets must obey strict rules when admitting guests.

4. Become Familiar with Local Laws & Regulations

Before marketing or welcoming your first guests, it’s important to become familiar with the local laws and regulations that apply to holiday letting. In some areas, owners of holiday lets may need special permission from their local government.

A good place to start is researching how tourism works in your area as well as local ordinances and restrictions on vacation rentals.

Be aware of the upcoming Holiday Let Registration.

5. Finally, Start Marketing Your Holiday Letting Property

Now that you know some of the ins and outs of holiday letting, it’s time to get the word out! There are many platforms and methods to market your property. If you’re doing it yourself, use local directories and websites like Airbnb and VRBO, or even social media sites such as Facebook or Instagram to promote your rental. For example, create a profile on Airbnb with eye-catching photos, accurate descriptions of your rental, customer reviews from previous guests, and useful amenities.

Additionally, search engine optimization can help you rank higher in search terms so potential renters find your listing more easily.

Find out more about promoting your own holiday cottage.

If you’d like to know more about letting your property, check out the owner FAQ’s

Interested in letting with us?

Start getting the advice, service, and bookings you deserve

Still Have Questions?

Take a Look Below

Whether you’re looking for your dream Lake District cottageunhappy with your current letting agency, or you’re looking for holiday investment properties in the Lake District we can help. 

If there’s anything you’d like to know that we haven’t covered below, please let us know.

Owners Guide

How to Manage Existing Bookings when Changing holiday letting agent?

If you feel you would like to switch agents, this can be done in a seamless way. Our priority is that your guests are not affected in any way

What will happen when Holiday Let Registration starts?

Let's chat about Holiday Let Registration (so much fun!) It seemed to be in the distant future but, it’s now creeping up fast!

Best Places to Buy a Holiday Home in The Lake District

We get asked this question a lot and our initial response is almost always to buy somewhere in an area that you have an affinity with

How Many Weeks a Year Can You Live in A Holiday Home?

We have no restrictions on the number of weeks you can use as owners but do bear in mind that you could be eating into valuable income

What Are the Legal Requirements for Holiday Lets?

There are several things you need to ensure you have in place when renting out a holiday property, here are the compulsory steps.

What Should I Do To Ensure Guests Have A Memorable Stay?

Making sure your property is well furnished and well equipped can get you more lets, increase the rent level, and increase the returns

Average Income from Holiday Lets - How Much Can I Make?

Find out how much you can make from your holiday let.

What is the cost of running a holiday home?

Our service includes us being available to your guests at all times, 365 days a year and every evening in case of a problem

How Do I Advertise My Holiday Home?

Here are our top 5 things you can do as an owner to increase your presence online.

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