Preparing & Operating the Holiday Rental Property
Prior to your first rental agreement, the property should be thoroughly inspected and items requiring maintenance or that present a potential risk should be attended too.
Before you begin advertising your property, the following important steps should be undertaken:
1. A Deep Clean by a commercial standard cleaning company is required.
2. Mattress protectors and pillow protectors must be refreshed.
3. Fresh Linen and Spare Linen must be in place and regularly updated.
4. Take an inventory of the property. Produce an Inventory Report and ensure that inventory items are checked for loss or damage at the completion of each rental agreement. Industry best practice is to take photos of all items in the inventory and keep this on a CD which is available to the renter as well.
5. Create a property condition report – This should be made available to the renter so they can check for pre-existing damage before entering into the agreement. The report can be held in the Visitor Information Folder.
6. A Visitor Information Folder should be prepared and include emergency contact numbers and information, instructions on the use of all appliances, any special instructions, a copy of your terms and conditions of stay, local information and other information required by regulation for visitors.
7. Utilities should be arranged such as the electricity, gas, cable tv and telephone with direct debit and monthly billing. This set up ensures that you can keep an eye on unreasonable usage and avoid disconnection or disruption. It is important you factor these costs into your nightly/weekly rates.
8. Gardening & property maintenance should be scheduled at the appropriate frequency eg. lawn mowed fortnightly during spring and summer and monthly during winter.
9. Landlord Insurance is highly recommended for all rental properties. Read the terms carefully and ensure that the booking terms and conditions and operations meet the requirements of the insurance policy.