How do you value a holiday let?

If you're buying or selling, tell others about it here. Or ask other owners for advice.
Posts: 760
Joined: Sun Jan 16, 2011 7:51 pm
Location: Anna Maria Island, Florida and Sweden

Post by Beachcondo »

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.
Pessimists only get positive surprises.
Post Reply