Managing your Bulgarian property for holiday rentals
If you are buying property in Bulgaria as a holiday home for yourself, why not look at ways of generating rental income from it? You may have already brought your perfect apartment in Bulgaria and now need to rent it out to pay for your mortgage. Or you may be considering a Bulgarian property and wonder how to get great return on your investment.
If you want to rent your Bulgarian property, there are some things you must take into account. You must think about what type of property in Bulgaria would make a perfect holiday home for paying guests. Consider the location, average local rents, availability of swimming pools and golf courses etc.
What are the legal requirements for people hoping to use their property in Bulgaria as a holiday rental? You must also consider costs such as:
- Creating a website
- Promotion and advertising
- Taxes and insurance
Setting up your Bulgarian property as a holiday rental
First of all, be aware that the rate of home ownership is about 90%, so few Bulgarians rent. Therefore, nearly all rented Bulgarian property is rented to holidaymakers. Only a villa or apartment in Bulgaria´s capital is likely to find long term tenants.
This means that you need to find people interested in renting your villa, chalet or apartment in Bulgaria. This can be done by promoting your Bulgarian property through local, UK or overseas agents or the local tourist board. You might want to establish a website to take bookings online and offer a credit card facility.
Obviously, your property in Bulgaria must be suitable for guests, but it will also have to be managed (key collection, cleaning, laundry etc). You also have to consider potential damage to fixture and fittings, and the risks to your Bulgarian property when it is lying empty.
Overseas Homes Direct - Bulgarian property rental service
In order to ensure that your villa, chalet or apartment in Bulgaria is not left empty throughout the year, Overseas-Homes-Direct.com offers an online "rental service". We have teamed-up with the leading provider of renting services to bring you a low-cost DIY rental service and booking engine for your property in Bulgaria.
This service allows you to use the holiday booking engine which you can integrate within your own web site, with the option of using an online web builder to create your own mini-site. You set the weeks you want to rent out your property in Bulgaria using the online "availability tool" and the rent per week.
Your Bulgarian property (with links to your web site) is advertised on www.overseas-homes-direct.com, and www.myvillarenters.com and other web sites offering holiday homes. Your villa, chalet or apartment in Bulgaria is then advertised to thousands of holiday makers, who can book online using a credit card or by contacting you by email.
This secure and reputable rental service for property in Bulgaria will cost you between 7.5% and 10% of the rental charge depending on whether your guests pay by credit card or directly.
This service ensures your villa, chalet or apartment in Bulgaria is leased out for most of the year but still allows you the flexibility to book weeks for you and the family. Let overseas-homes-direct take some of the hassle out of managing your Bulgarian property. We can help you turn your property in Bulgaria into a profitable investment and holiday home at the same time.
