Bulgaria Ski discussion board
Rental income
Author:Gareth
posts : 434 (Expert)Date : 09-01-08 11:02re: Rental income
Do all the sums first - can you afford the repayments on your UK mortgage and the Bulgarian mortgage if rates say increased by 2 or 3%? If not then your stretching too far IMHO.Also what is your current salary to remaining mortgage on UK property? Dont give salary purely give its say 3 times or 1.4 times etc
Fully research it and decide if you want it for yourself or if you want to rent it out. Totally different investment proposition depending on which your after.
re: Rental income
i definately need to rent these properties out. I was just curious on how much rental income i should expected - all three are going through a management company.re: Rental income
Well one way is to look online for similar to yours well number of beds & facilities & spec/star rating that way you know what the current market is dictating.re: Rental income
I have done this, however it doesnt tell me how many weeks a year on average these properties are rented out forcheers
re: Rental income
I have done this, however it doesnt tell me how many weeks a year on average these properties are rented out forcheers
re: Rental income
True.
You could look into a few hotels in the area and ask them what their level of days with empty rooms per year is Im sure this would be quoted in their accounts.
Id say if you would consider the period Mid Dec to late Mar to be the Key part of the season, Summer is much less but in Aug for 2 weeks there is a beer & Jazz fastival.
Outside of the key holiday times Id expect a low expectancy of income.
You need to price the rental at an attractive rate but then calculate how ...
You could look into a few hotels in the area and ask them what their level of days with empty rooms per year is Im sure this would be quoted in their accounts.
Id say if you would consider the period Mid Dec to late Mar to be the Key part of the season, Summer is much less but in Aug for 2 weeks there is a beer & Jazz fastival.
Outside of the key holiday times Id expect a low expectancy of income.
You need to price the rental at an attractive rate but then calculate how ...
True.
You could look into a few hotels in the area and ask them what their level of days with empty rooms per year is Im sure this would be quoted in their accounts.
Id say if you would consider the period Mid Dec to late Mar to be the Key part of the season, Summer is much less but in Aug for 2 weeks there is a beer & Jazz fastival.
Outside of the key holiday times Id expect a low expectancy of income.
You need to price the rental at an attractive rate but then calculate how many weeks at that rate to cover all your costs. Then if it was a lower rate how many more full weeks would you have and again how many more weeks until you cover all your costs.
You could look into a few hotels in the area and ask them what their level of days with empty rooms per year is Im sure this would be quoted in their accounts.
Id say if you would consider the period Mid Dec to late Mar to be the Key part of the season, Summer is much less but in Aug for 2 weeks there is a beer & Jazz fastival.
Outside of the key holiday times Id expect a low expectancy of income.
You need to price the rental at an attractive rate but then calculate how many weeks at that rate to cover all your costs. Then if it was a lower rate how many more full weeks would you have and again how many more weeks until you cover all your costs.
