Advice from our Le Lavandou concierge to get you started in rental investment
Many of us want to diversify our investments in hopes of unlocking some nice extra income. But this launch is not always easy and the first investment is always the most impressive. If you choose real estate, you are unlikely to go wrong. This is a stable and solid investment, relatively accessible, on which you can rely on the long and very long term. Many investors see themselves as owners to take advantage of attractive rental income and build wealth for their retirement. But how to invest well? What are the tricks to know in real estate? Your Concierge Le Lavandou helps you see things more clearly.
Consider your rental investment project
A project of this magnitude is well thought out before making your first purchase. Real estate requires time and investment in all its forms. To make your first acquisition a success, you must rely on a solid and viable long-term project.
Target your type of investment
The real estate field is vast and full of very different opportunities. Do you want shares in a real estate agency? Create your own concierge or even buy to form capital? Each project will not target the same accommodations and will depend entirely on your long-term vision. There are opportunities everywhere in France and outside the territories, whether for rental or for a quick resale of the property.
If you opt for a rental investment, define the type of rental targeted: long term, student lease or seasonal contract. Each booking method has its advantages and disadvantages. You just have to make the most judicious choice in relation to your location and the expected returns.
Prepare your project for the long term
When preparing to invest in real estate, several factors must be taken into account beforehand so as not to find yourself idle later. This is a project over several years, even decades. What do you plan to do with this accommodation? Keep it to live in? Do you plan to resell it in several years?
Also think about the ancillary tasks that will be incumbent upon ownership. Do you know professionals to help you in case of repairs to be made? Are you going to manage your rental on your own or are you thinking of using a concierge? Analyze the data of the neighborhood in which you want to buy, think about what could influence the profitability of your accommodation. Make a complete business plan to guide your real estate investment.
How to choose your accommodation
Depending on your objectives, several characteristics should be taken into account for your future rental accommodation. If you don't know the neighborhood where the chosen apartment is located, take a walk nearby. Study the opportunities: are there shops nearby? How long does it take to get to the city center? Is it a place suitable for a family or rather festive? The environment of your accommodation can directly affect the experience of your tenants. In the good way as well as the bad.
Choose your investment based on the type of tenant targeted. A studio will suffice for a student, a single worker or a couple on vacation for a weekend, while a T3 or T4 can accommodate a complete family or a group of friends for several weeks.
Finally, be critical of the home as if it were buying it for you or someone close to you. Pay attention to energy performance, especially when buying old. If you are not careful, you expose yourself to costs in the coming years to meet government standards in terms of insulation. However, buying old is interesting from a tax point of view. 20% to 30% cheaper than new, many investors make this type of property profitable by renovating them to make magnificent apartments.
Why opt for seasonal rental
Seasonal rental or Airbnb rental is a management method increasingly used by owners of tourist areas. Highly sought after by vacationers, Airbnb accommodation offers a real opportunity for rental investments.
The very attractive profitability of seasonal flows
Unlike long-term rentals, seasonal rentals take advantage of the vagaries of tourism to fill their booking calendar. Depending on your location, the profitability of your Airbnb rental accommodation can double during school holidays compared to a long-term rental considered normal.
For this, a strong personal investment is necessary for the owners for part of the year. The management of a seasonal rental requires availability and effort, but makes it possible to obtain very appreciable high rental income.
The mission of your Le Lavandou concierge
To help you with the rental management of your seasonal accommodation, your Le Lavandou concierge provides you with a team of professionals who will take care of all the tasks of your rental. Many investors do not allow themselves to access the exceptional profitability of short-term rental because of the workload it requires. By calling on your Le Lavandou concierge, you ensure optimized monthly income without doing anything.
Thanks to our complete management offer and its 15 premium services, your Le Lavandou concierge takes care of the management of your property from start to finish. We help you make your rental investment profitable and we take care of transforming the rental of your property into a totally passive income.
Although the first step towards a buy-to-let investment is daunting, there are plenty of tricks to ensure a good return on your purchase. Take care of your project by thinking about your objectives. Do not try to please everyone and specify your offer. Seasonal rental is a golden opportunity to make your money grow by taking advantage of the flow of vacationers. To transform your passive investment and no longer have to manage the filling of your rentals, delegate all of your rental management to our Le Lavandou concierge. We will do our best to improve your rental yield while keeping peace of mind.
