Renting your holiday lodge
Owners that want the best of both worlds, will rent out their holiday home or lodge when they are not using it, which helps offset the cost of purchasing and running your lodge.
Depending on the property type and if it is on a holiday park, you may be required to use the resort's marketing team to rent the property out on your behalf (in exchange for a commission (typically 10-30%). Weekly rents are often higher on a resort, (due to the additional facilities they offer), and can be above £3,000 per week for a 3-bed lodge during the summer seasons. So the higher rents may compensate for the lack of flexibility and commission.
In comparison, for many holiday cottages and lodges that are not in a resort, you will need to do the marketing yourself. it can be more flexible to use a specialist holiday rental site or short-term letting sites like Airbnb.
Many investors will opt for a guaranteed and regular monthly income (typically 7%), by signing up for a "buy-to-let" scheme offered by some holiday parks. This may only allow you to use the property yourself for a few weeks a year, and you will not benefit from the premium rents you could get in the summer and peak season.
