Just starting in London

If you are planning to buy a rental home, or you're thinking about what to do with one you have just acquired, this is the place for any questions about starting out in the rentals business.
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Londoner
Posts: 157
Joined: Fri May 21, 2010 1:13 pm
Location: London

Just starting in London

Post by Londoner »

Hello to all you experienced rental owners.

We are in the middle of refurbishing our two bedroom apartment in central London and will be renting it out as a holiday rental. I expect it will be ready to advertise by 1st July, not sure how many summer bookings we will pick up at this late stage but I think London has an all year round market. At least I hope it has.

I will be doing the changeovers myself and am a bit nervous about the whole thing. I have worked in the hotel industry all my life but this feels so different.

You all make it look so easy!

Have a good bank holiday weekend

Londoner
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Moliere
Posts: 4753
Joined: Thu Mar 08, 2007 10:45 pm
Location: Magalas, Languedoc

Re: Just starting in London

Post by Moliere »

Londoner wrote:You all make it look so easy!
Londoner
Always remember the image of the swan - on the surface calm and serene, underneath paddling away like fury.

Welcome to the madhouse. :lol:

Moliere
Jumping is just dressage with speed-bumps.
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e-richard
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Joined: Sun Oct 17, 2004 11:33 am
Location: Algarve, Portugal
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Re: Just starting in London

Post by e-richard »

And further to Mols' thoughts....
Londoner wrote:You all make it look so easy!
We also remember the first year, when it wasn't !

(well most of us do) :oops:
** Richard
PIMS: Holiday Rental Management system
They say we learn from our mistakes. That makes me a genius !
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Nightowl
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Joined: Tue Aug 30, 2005 4:14 am
Location: Cadiz, Spain & London
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Post by Nightowl »

Oh No! Competition! Welcome to LMH.

You will not regret it. London has plenty of tourists and you should get bookings all year round.

I think you will enquiriies as soon as you start listing - I could sell my summer dates 10 times over.

Good luck.
Nightowl
Forever going one step forwards and two
backwards......
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Londoner
Posts: 157
Joined: Fri May 21, 2010 1:13 pm
Location: London

Post by Londoner »

Thank you for the kind welcome.
I am finding the whole thing a bit daunting if I am honest. I have nearly chickened out and just rented the place out full time.It wasn't helped by the fact that somebody posted a "two bedroom flat wanted to rent in this area" notice through my door the other day.
I don't know why I am so nervous!
I just want everything to be right and worry that my guests will be disappointed with the place. In my heart I know they won't because we are refurbishing to a high standard, too high my husband says!

Thanks Nightowl, it is reassuring to know that they are plenty of enquiries.

I am sure I will have plenty of questions along the way.

Thank you
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barbersdrove
Posts: 985
Joined: Thu Mar 18, 2010 7:48 pm
Location: crowland south lincolnshire

Post by barbersdrove »

welcome to the forum. I hope your first year goes really well for you. I don;t think you can refurbish to too high a standard just don't get drawn into putting petals in the loo!
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Big Sis..
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Post by Big Sis.. »

Hi Londoner........Welcome
and Im sure you will find LMH useful, if not invaluable, I know I have :)
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