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How do you value a holiday let?
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Beachcondo



Joined: 16 Jan 2011
Posts: 760
Location: Anna Maria Island, Florida and Sweden

PostPosted: Fri Apr 08, 2016 7:25 am    Post subject: Reply with quote

When we bought the next-door neighbour's place, it included some bookings. They deducted the value of the down payments from the amount that we were due to pay, and I collected the balances myself.

As the previous owner had a much lower price on his rentals (and much lower standard in the condo), it took us til next season until we got the income that we thought our, newly renovated, condo deserved.
In hindsight we should have denied to take the bookings, but I think it might have been harder negotiations then as the owner was fed up with the rental business and just wanted out without taking responsibility for his old renters.
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