Holiday lets – do they pay off?

Alongside standard, long-term forms of letting, the property market also has a variant in the form of lets by the day. It is usually closely tied to the holiday season, though not exclusively. Is it worth getting involved?

Holiday lets – who are they aimed at?

First of all, you need to consider whether in a given region you can count on this type of tenant at all. In the case of Upper Silesia this may seem doubtful, but there are exceptions. This mainly concerns all kinds of music festivals, including several large ones held in Katowice every year.

In addition, it is worth mentioning the possibility of renting out part of a house for a few days in small towns located closer to the mountains.

READ ALSO – RENTING OUT PART OF A HOUSE

Renting out a flat or a room?

This is a fairly basic question. Renting out a whole flat, for example in Katowice, is often more profitable, but its main drawback is that we ourselves have to live somewhere in the meantime. On the other hand, by renting out only a room, we retain control over what happens in the flat. This is quite important, because with a stay of a few days, the other party to the agreement may care less about keeping everything in order.

What should you pay attention to?

Remember that when you rent out a flat or a room for just a few days, settling the cost of utilities can be troublesome, to say the least. For this reason, you need to build an additional financial margin into the price you quote.

It is also worth paying attention to the rental agreement itself, which should contain provisions on liability for any damage as well as clauses on, for example, observing quiet hours at night.