How to set up a holiday let business

If you have a second home or current property that you’re interested in holiday letting, read our guide on how to set up a holiday let business.

At Lyme Bay Holidays, we have over 30 years of experience in the Dorset and Devon area. We pride ourselves in having a wealth of experience when it comes to holiday letting.

So if you’re looking to set up a holiday let business in Dorset or Devon, read on for our guide.

There are so many considerations for setting up a holiday let business. Talk to us at Lyme Bay Holidays today for a free pricing appraisal and advice.

Download your free owner pack here.

Research the holiday let landscape

To start, you’ll need to research the property market in your desired location. In doing so, you’ll also want to assess the demand for holiday accommodation, popular attractions, rates, and local regulations or restrictions that may apply to holiday letting.

At Lyme Bay Holidays, we can recommend top locations to buy a holiday let in the area. With over 300 owners, we know everything you need to get started on your holiday let journey.

Choose a suitable property

Once you have identified a property for holiday letting, at Lyme Bay Holidays we can support with your application (if it’s a new property) by providing a mortgage letter.

If the property is one you already own or have inherited, the Lyme Bay Holidays Property Consultants can visit and let you know of any recommendations.

During this time, you can also obtain a pricing appraisal which gives an estimate of income you could expect from holiday letting your property.

Choose holiday let management level

One of the most important decisions will be how you manage your holiday let. You may wish to self-manage however, there are many benefits to an agency such as ourselves looking after everything for you.

At Lyme Bay Holidays, we provide various levels of holiday let management from marketing through to fully managed. Read about holiday let management with Lyme Bay Holidays here.

Furnishing and features

Once you have the keys to your property, you’ll want to think about furnishing. Think practicality and little touches. You’ll want to invest in durable but comfortable furniture of a high standard.

Features wise, you may wish to consider a hot tub or allowing pets into the property. Holiday lets that have additional features tend to do better on bookings.

Wi-Fi is essential in this day and age, so you’ll need a decent connection, expected by your guests.

Welcome packs and information

When welcoming guests to your holiday let, they will have likely had a journey to get there so a welcome pack is a great idea. This could include local teas, coffee, biscuits, milk and more.

Providing up to date information on where to eat, shop, pharmacy and top restaurants in the area will also be greatly appreciated by your guests.

About Lyme Bay Holidays

At Lyme Bay Holidays we pride ourselves in taking the stress out of holiday letting. With over 40 years’ experience of holiday letting in West Dorset and East Devon, talk to us today.

Speak to one our local team based in the Lyme Regis office on 01297 300932 or alternatively download your free owner pack here.