Why rent out your second home

Several reasons may force you to rent the apartment or house that you no longer use or use very little. On one hand you don’t want to sell, this is a family home you’d rather stick to, and maybe where you would want to live later, but on the other hand you need additional income. For all these aspects, furnished rental remains attractive!

A Strong demand for rental of all kinds…

The leisure and business travel markets grow significantly; student demand is rising, the number of seasonal workers looking for accommodation is increasing as well. If your property is located in one of the sectors where one of these demands is very strong, it is a shame to keep its shutters closed. « This property can be rented for a period of a few days to one year and will allow you to benefit from additional revenue while preserving your and your family’s heritage » says Jean-Pierre who has dedicated his country house to vacation rental.

The approach to rental is simple …

The procedure is relatively handy to all, if you don’t have time to take care of it by yourself, seek the services of a real estate agent, « he will take care of everything, looking for the tenant, the inventory, the signing of the lease, etc. This help is in exchange for agency commissions which may be equivalent to one month’s rent on a lease for a year or to about 20% of the amount of rent received, « says Maud Velter, Legal Director of Lodgis agency. « With the reform on the capital gain, referring to the 30-year tax exemption, some owners withdrew their property from sale to propose it for rent » adds a wealth manager.

The furnished rental has its advantages…

Under the condition to offer accommodation with a minimum of equipment, it is necessary that the tenant, the holiday-maker can come with a suitcase and find all he needs for his comfort, a bed, a table, chairs, dishes etc. Not to forget that, rightly so, internet access is little by little turning into a necessity. In practice a furnished apartment’s rental is easier than that of an empty slot, plus a rent difference that can go up to 20% in some cases. It’s up to you to chose.