{"id":30360,"date":"2022-03-02T16:45:00","date_gmt":"2022-03-02T15:45:00","guid":{"rendered":"https:\/\/www.ovonetwork.com\/blog\/?p=30360"},"modified":"2025-04-10T11:58:23","modified_gmt":"2025-04-10T09:58:23","slug":"converting-second-home-to-rental-property","status":"publish","type":"post","link":"https:\/\/www.ovonetwork.com\/blog\/converting-second-home-to-rental-property\/","title":{"rendered":"Converting Your Second Home to a Rental Property"},"content":{"rendered":"\n<p><strong>Many owners of second homes in holiday destinations often decide<\/strong> <strong>to eventually rent them out when they\u2019re not staying there.<\/strong> <\/p>\n\n\n\n<p><strong>Whether it\u2019s to purely cover costs or to run a profitable holiday rental business, converting your <a href=\"https:\/\/www.ovonetwork.com\/blog\/converting-second-home-to-rental-property\/\">second home to a rental property<\/a><\/strong> <strong>is a big commitment that requires time, investment and a re-evaluation of your own use of the property.<\/strong><\/p>\n\n\n\n<p><strong>In this post, we offer some top tips for owners who are converting their<a href=\"https:\/\/www.ovonetwork.com\/blog\/converting-second-home-to-rental-property\/\"> second home to a rental property including:<\/a><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>balancing your family\u2019s needs with paying guests\u2019 needs<\/strong><\/li>\n\n\n\n<li><strong>identifying the preferences of your target audience and meeting guests\u2019 expectations<\/strong><\/li>\n\n\n\n<li><strong>prioritising quality over quantity when it comes to capacity, furnishings, storage and deco items<\/strong><\/li>\n\n\n\n<li><strong>understanding how much of an investment is required in order to see a successful return<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<div class=\"wp-block-cover is-light\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-40 has-background-dim\"><\/span><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1440\" class=\"wp-block-cover__image-background wp-image-52978\" alt=\"\" src=\"https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2021\/11\/1964-Vosnes-210806-JG-int03.jpeg\" data-object-fit=\"cover\" srcset=\"https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2021\/11\/1964-Vosnes-210806-JG-int03.jpeg 1920w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2021\/11\/1964-Vosnes-210806-JG-int03-300x225.jpeg 300w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2021\/11\/1964-Vosnes-210806-JG-int03-1024x768.jpeg 1024w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2021\/11\/1964-Vosnes-210806-JG-int03-768x576.jpeg 768w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2021\/11\/1964-Vosnes-210806-JG-int03-1536x1152.jpeg 1536w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2021\/11\/1964-Vosnes-210806-JG-int03-150x113.jpeg 150w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2021\/11\/1964-Vosnes-210806-JG-int03-250x188.jpeg 250w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2021\/11\/1964-Vosnes-210806-JG-int03-350x263.jpeg 350w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2021\/11\/1964-Vosnes-210806-JG-int03-1140x855.jpeg 1140w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<h2 class=\"has-text-align-center has-sitka-white-color has-text-color has-x-large-font-size wp-block-heading\">1. Meeting guests\u2019 expectations<\/h2>\n<\/div><\/div>\n\n\n\n<p>Firstly, aim to identify what it is that you, your friends and your family love about visiting your property. Then, try to decipher whether or not other guests will appreciate the same things. <\/p>\n\n\n\n<p>Make sure to be honest, objective and respectful when making these decisions and try to keep in mind that you\u2019re trying to appeal to as wide an audience as possible.<\/p>\n\n\n\n<p>Next, think about your own expectations from a holiday rental property when you go on holiday. Determine whether or not your property meets those same standards and if not, how long it will take to meet them. When doing this, aim to look at your property through the eyes of a guest \u2013 does your property deliver what\u2019s needed?<\/p>\n\n\n\n<div class=\"wp-block-cover is-light\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-40 has-background-dim\"><\/span><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1440\" class=\"wp-block-cover__image-background wp-image-55183\" alt=\"\" src=\"https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2022\/01\/265-ac35d518370239b28b7df4b03173bf205bd3502f.jpg\" data-object-fit=\"cover\" srcset=\"https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2022\/01\/265-ac35d518370239b28b7df4b03173bf205bd3502f.jpg 1920w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2022\/01\/265-ac35d518370239b28b7df4b03173bf205bd3502f-300x225.jpg 300w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2022\/01\/265-ac35d518370239b28b7df4b03173bf205bd3502f-1024x768.jpg 1024w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2022\/01\/265-ac35d518370239b28b7df4b03173bf205bd3502f-768x576.jpg 768w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2022\/01\/265-ac35d518370239b28b7df4b03173bf205bd3502f-1536x1152.jpg 1536w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2022\/01\/265-ac35d518370239b28b7df4b03173bf205bd3502f-150x113.jpg 150w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2022\/01\/265-ac35d518370239b28b7df4b03173bf205bd3502f-250x188.jpg 250w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2022\/01\/265-ac35d518370239b28b7df4b03173bf205bd3502f-350x263.jpg 350w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2022\/01\/265-ac35d518370239b28b7df4b03173bf205bd3502f-1140x855.jpg 1140w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<h2 class=\"has-text-align-center has-sitka-white-color has-text-color has-x-large-font-size wp-block-heading\">2. Decluttering and refurbishing<\/h2>\n<\/div><\/div>\n\n\n\n<p><span style=\"font-weight: 400;\">Naturally, your property will appear lived in and will house a fair few of your family\u2019s personal belongings at this point. Although some items are sentimental and have pride of place in your second home, you need to consider a few things when it comes to decluttering and refurbishing including\u2026<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Easy of cleaning<span style=\"font-weight: 400;\"> <\/span><\/h3>\n\n\n\n<p>The <strong>more clutter<\/strong> there is, the <strong>harder it will be for your cleaning team<\/strong> to complete necessary tasks on changeover day. Consider too that this will increase the time it takes to clean, which will add to your housekeeping costs. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Damage<\/h3>\n\n\n\n<p>If you choose to leave <strong>sentimental, personal items<\/strong> in your holiday rental property, you\u2019ll run the risk of them getting <strong>damaged<\/strong>. If you\u2019re precious about certain objects, it\u2019s best to remove them from your home before you welcome paying guests.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ownership\">Ownership<\/h3>\n\n\n\n<p>Although it will always be <strong>your<\/strong> home, remember that for the period of time your guests are staying at your rental property, they want to<strong> feel like it\u2019s all theirs<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-home-improvements\">Home Improvements<\/h3>\n\n\n\n<p>Conduct an honest review of your property\u2019s <strong><a href=\"https:\/\/www.ovonetwork.com\/blog\/tag\/home-decor\/\" target=\"_blank\" rel=\"noreferrer noopener\">furniture and decor<\/a><\/strong>. At OVO Network, we tend to divide these home improvements into <strong>\u2018quick fixes\u2019 and \u2018bigger projects\u2019<\/strong>.<\/p>\n\n\n\n<p>For example, a few scuff marks on the kitchen table or the odd stain on the sofa cover can be easily overlooked by your family and friends \u2013 but paying guests will be expecting a certain level of quality. Prepare to spend some of your budget on quick fixes like this.<\/p>\n\n\n\n<p>Bigger projects take longer, and it\u2019s not always realistic to expect owners to commit to numerous tasks straight away. However, we\u2019ve seen first-hand how <strong>updating and modernising<\/strong> areas of facilities within your property can <strong>boost your bookings and help to maximise your income<\/strong>.<\/p>\n\n\n\n<p>Consider the flow and layout of your property at this point too. Your family may not mind walking through one bedroom to get to the next, however different groups may find this dynamic offputting. <\/p>\n\n\n\n<p>Don\u2019t forget <strong><a href=\"https:\/\/www.ovonetwork.com\/blog\/outdoor-space-ideas\/\" target=\"_blank\" rel=\"noreferrer noopener\">your outdoor spaces<\/a><\/strong> too. Do they work as well as your indoor areas?<\/p>\n\n\n\n<p>Guests are often looking to find that <strong>\u2018home away from home\u2019 <\/strong>feel, but ultimately they\u2019re still looking for a <strong>novelty experience <\/strong>when on holiday.<\/p>\n\n\n\n<p>You need to decide whether or not you are in a position financially to upgrade and refurbish some areas of your property before you start converting your second home into a rental property.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-equipment-and-facilties\">Equipment and Facilties<\/h3>\n\n\n\n<p>Some things just can\u2019t be compromised. Guests need basic items when staying in a self-catered holiday property in order to allow them to live in it comfortably throughout their stay. <\/p>\n\n\n\n<p>The better the equipment and facilities are, the more likely you are to get <strong><a href=\"https:\/\/www.ovonetwork.com\/blog\/keeping-loyal-repeat-guests\/\" target=\"_blank\" rel=\"noreferrer noopener\">repeat bookings<\/a><\/strong> and receive positive feedback.<\/p>\n\n\n\n<p>Our owners agree to provide all of the items on our <a href=\"https:\/\/www.ovonetwork.com\/en\/minimum-equipment-list\" target=\"_blank\" rel=\"noopener\"><b>Minimum Equipment list<\/b><\/a>, which we feel meets the basic needs of all of our guests on their holiday.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-safety\">Safety<\/h3>\n\n\n\n<p>Remember that your home will become a commercial rental property and this requires you to meet certain safety requirements. You\u2019ll need to adhere to the <strong><a href=\"https:\/\/www.ovonetwork.com\/blog\/holiday-rental-legal-requirements\/\" target=\"_blank\" rel=\"noreferrer noopener\">legal requirements<\/a><\/strong> of setting up a rental property as well as installing safety equipment such as fire extinguishers, carbon monoxide detectors and so on.<\/p>\n\n\n\n<p>Are your current appliances and facilities in safe working condition? If in doubt, replace any old items that you feel could be a risk to guests in any way.<\/p>\n\n\n\n<div class=\"wp-block-cover is-light\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-30 has-background-dim\"><\/span><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1440\" class=\"wp-block-cover__image-background wp-image-57087\" alt=\"\" src=\"https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2018\/01\/2151-zaru-211208-EL-Int23RJ.jpg\" data-object-fit=\"cover\" srcset=\"https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2018\/01\/2151-zaru-211208-EL-Int23RJ.jpg 1920w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2018\/01\/2151-zaru-211208-EL-Int23RJ-300x225.jpg 300w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2018\/01\/2151-zaru-211208-EL-Int23RJ-1024x768.jpg 1024w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2018\/01\/2151-zaru-211208-EL-Int23RJ-768x576.jpg 768w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2018\/01\/2151-zaru-211208-EL-Int23RJ-1536x1152.jpg 1536w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2018\/01\/2151-zaru-211208-EL-Int23RJ-150x113.jpg 150w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2018\/01\/2151-zaru-211208-EL-Int23RJ-250x188.jpg 250w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2018\/01\/2151-zaru-211208-EL-Int23RJ-350x263.jpg 350w, https:\/\/www.ovonetwork.com\/blog\/wp-content\/uploads\/2018\/01\/2151-zaru-211208-EL-Int23RJ-1140x855.jpg 1140w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<h2 class=\"has-text-align-center has-sitka-white-color has-text-color has-x-large-font-size wp-block-heading\">3. Capacity<\/h2>\n<\/div><\/div>\n\n\n\n<p>Contemplate whether or not the maximum capacity of your property is realistic. Some common pain points for guests include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>not being able to fit all the guests around the table<\/li>\n\n\n\n<li>having to move dining chairs into the living room due to a lack of comfortable seating<\/li>\n\n\n\n<li>a poor bedroom to bathroom ratio<\/li>\n\n\n\n<li>a lack of <strong><a href=\"https:\/\/www.ovonetwork.com\/blog\/15-storage-ideas-for-rental-properties-in-the-french-alps\/\" target=\"_blank\" rel=\"noreferrer noopener\">storage space<\/a><\/strong> for all of their luggage<\/li>\n<\/ul>\n\n\n\n<p><strong>Could some spaces be put to better use?<\/strong> Many first time owners often prioritise fitting the maximum of guests in the property (ie maximum number of beds as possible). However, we would never recommend risking overcrowding the property. <\/p>\n\n\n\n<p>Guests are now swaying towards quality over quantity. Many may prefer a <strong><a href=\"https:\/\/www.ovonetwork.com\/blog\/attract-remote-work-chalet\/\" target=\"_blank\" rel=\"noreferrer noopener\">home office space<\/a><\/strong>, an extra bathroom or an <strong><a href=\"https:\/\/www.ovonetwork.com\/blog\/private-spa-facilities-improve-occupancy-rates-all-year\/\" target=\"_blank\" rel=\"noreferrer noopener\">additional facility<\/a><\/strong> they might not be able to enjoy at home, as opposed to an extra bed they may not even get the use out of.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><b>Overall, the property must be attractive, comfortable, clean, and good value for money to work as well for guests as it does for your family. <\/b><\/p>\n\n\n\n<p><b>If your property isn\u2019t quite there yet, how much are you willing to invest to make it a success?<\/b><\/p>\n\n\n\n<div class=\"wp-block-cover\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-100 has-background-dim\" style=\"background-color:#102c57\"><\/span><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<p class=\"has-text-align-center has-large-font-size\"><span style=\"font-weight: 400;\"><strong>How can OVO Network help?<\/strong><\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\"><strong>OVO Network combines innovative technology with industry knowledge and creative expertise, to make it easy and stress-free to maximise your property\u2019s occupancy and your rental income.<\/strong><\/span><\/p>\n\n\n\n<div class=\"block-ovo-cta-button\">\n  <div class=\"wp-block-button\">\n    <a href=\"https:\/\/www.ovonetwork.com\/en\/rental-yield-calculator\" target=\"_blank\" class=\"wp-block-button__link\">See how much you could earn with OVO Network<\/a>\n  <\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Many owners of second homes in holiday destinations often decide to eventually rent them out when they\u2019re not staying there. Whether it\u2019s to purely cover costs or to run a profitable holiday rental business, converting your second home to a rental property is a big commitment that requires time, investment and a re-evaluation of your own use of the property. In this post, we offer some top tips for owners who are converting their second home to a rental property including: Firstly, aim to identify what it is that you, your friends and your family love about visiting your property. Then, try to decipher whether or not other guests will appreciate the same things. Make sure to be honest, objective and respectful when making these decisions and try to keep in mind that you\u2019re trying [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":30502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[950],"tags":[311,327],"class_list":["post-30360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-starting-out","tag-expert-opinion","tag-property-rental"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.9 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Converting Your Second Home to a Rental Property | OVO Network<\/title>\n<meta name=\"description\" content=\"Thinking of converting your second home to a rental property, but not sure what&#039;s required? 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