Tax For Furnished Holiday Lets | Expert Advice from PFK Francis Clark
If you are looking for important information about holiday homes and tax, we’ve teamed up with Steve York, Tax...
by Justine King / Owner
Owning a holiday let in Cornwall might be an appealing investment option for many. That’s why we’ve created a guide to holiday home management in Cornwall. This way, you can choose whether you’d like to take care of maintenance, cleaning, marketing, and more yourself, or enlist the help of a holiday letting agency, such as Cornish Cottage Holidays.
Read our complete blog on holiday home management in Cornwall or use the quick links below to find out about a particular topic.
– Furnished holiday let finances, taxes and legalities
– Maintaining and preparing Your Holiday Let:
1. Holiday let changeovers, cleaning, and laundry
2. Holiday let property maintenance
– Customer support and on-call help
– Efficient booking management and administration
– Effectively pricing your property
– Enlisting professional holiday let management services in Cornwall
Effectively managing finances, taxes, and legalities for a furnished holiday let is paramount for the overall health and success of your business.
From understanding the latest fire risk assessment information to ensuring you have an EICR completed in time, and being aware of what financial benefits you can apply for, there’s so much to consider.
At Cornish Cottage Holidays, we have strong relationships with trusted experts, accountants and more, so don’t hesitate to get in touch to find out how we can help you. Alternatively, our owner blog can help you navigate through the rules, regulations and financial information you have to be aware of, including:
First impressions are crucial in holiday letting, with cleanliness being key. Preparing and presenting your property immaculately is vital for success.
After bookings, thorough cleaning, laundry, bed-making, and property checks are essential. Effective changeovers are crucial for welcoming the next guests comfortably. Remember little details like outdoor lights and heating.
If managing this becomes challenging due to time or distance, holiday let management companies like Cornish Cottage Holidays can help. We’ve built a reliable Cornwall-wide supplier network to aid with cleaning, changeovers, and property maintenance.
A holiday cottage needs regular maintenance due to heavy usage from guests. Managing a holiday let involves ongoing property maintenance and development. While handling this yourself is an option, it can be overwhelming.
Consider using a local agency that specialises in holiday let management services, like Cornish Cottage Holidays, to coordinate necessary repairs and upkeep. This option also gives you the peace of mind that your property is being taken care of to a high standard.
At Cornish Cottage Holidays, we have over 50 years holiday letting experience in Cornwall, and during this time, our local team have built partnerships with trusted suppliers to handle tasks ranging from gardening to cleaning services, to ensure the properties that let with us are kept to a high standard.
Enhance your guests’ experience by providing a thoughtful welcome pack. This can range from the essentials like milk, bread, tea, and coffee to a delightful hamper of local Cornish treats, such as cream tea or other regional goodies. If your property is pet-friendly, consider including some dog biscuits, treats, or even a toy.
Another important aspect of welcoming your guests and helping them settle in is by offering a detailed guest information folder. This folder should cover everything from bin collection and recycling details to emergency contact information. Make your welcome pack with the help of our complete guide on how to put together a guest information folder for your holiday home.
Even after you have prepared your property and welcomed guests, there may be the odd occasion when they require assistance during their stay. Which isn’t always easy if your holiday let is miles away from where you are based.
Choosing a holiday home management agency in Cornwall can be extremely beneficial. Having a local team with 24/7 support can provide you with peace of mind knowing that your home and guests are in safe hands whenever they really need it.
Holiday let management involves efficiently handling bookings and promptly addressing inquiries from potential guests. Utilising a holiday let management software can streamline this process, but it requires regular attention to keep details updated and respond to guest queries effectively. This can be time-consuming, as it’s a good idea to necessitate a backup plan in case of software issues.
Alternatively, seeking assistance from a holiday letting agency like Cornish Cottage Holidays can be a wise choice. They can manage bookings, handle inquiries, respond to reviews after guests have left, and more, drawing upon their 50+ years of industry experience to ensure a seamless and positive experience for property owners and guests alike.
As an owner, it’s important to ensure your holiday let covers its costs while generating a profit. Understanding how to price your holiday let is pivotal to its success.
There’s a delicate balance when it comes to setting the price for a holiday let. If the rate is too high, it might deter potential bookings. Conversely, pricing too low can lead to a high occupancy rate but a relatively small profit margin.
At Cornish Cottage Holidays, our revenue management systems enable us to compare pricing for all properties in your area, considering their features and booking performance. This ensures realistic and achievable prices, assisting owners in meeting their income goals.
We utilise dynamic pricing tools that adjust prices proactively according to demand. In times of high demand for a specific date or area, prices increase to maximise your income. Conversely, during low demand periods, prices can decrease to secure bookings (but never below a base rate agreed upon with you). This strategy can boost income for our owners by over 10% throughout the year.
The Cornish Cottage Holidays team is available to provide a no-obligation income proposal for your property, using our extensive data on achievements of similar properties in the area. This will help to ensure that your property can pay for itself and get you the best possible return.
Speak to a member of our team today for more information on our pricing structures.
The key to great booking levels and positive return on your investment, is to ensure your property receives as much exposure as possible and is seen by the largest number of potential guests.
We know that handling all that marketing yourself can be stressful and time-consuming. That’s why, at Cornish Cottage Holidays, we use a range of leading marketing channels to put your property in the spotlight, both locally and nationally.
Our team of holiday letting experts strive to show your cottage at its best via property listings, social media exposure, search marketing, paid advertising, email campaigns, professional photographs and more.
Read our guide on how best to advertise and market your property.
Our Managed Service encompasses comprehensive housekeeping management, providing a hassle-free solution and peace of mind for holiday cottage owners. Working closely with our trusted suppliers, our dedicated team efficiently handles various services, including changeovers, fresh linen, with the option to include additional services including:
To find out more about the services we offer, download our Owners Guide via our Let Your Cottage page, or call our team today. Our team are more than happy to help, and can offer advice throughout every stage of your holiday letting journey.
Discover how a local brand with national reach can work for you. With over 50 years of letting experience, we pride ourselves on delivering the bookings you deserve.
Find out how we can work together. With over 25 years’ experience, our local expertise will give you peace of mind and bring you the bookings you deserve.
by Justine King / Owner
Hi, I'm Justine. Holidays and travelling have always been a favourite of mine from a young age. Having recently decided to travel...
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