In recent years, major sporting events have created immense opportunities for casual property landlords across the globe. With prolific events such as championship finals seeing local hotels and B&Bs full to the brim, residents of host cities are capitalising on the opportunity. Hiring out their homes to tourists, such ‘casual landlords’ are making enough money to cover their mortgage for a year!
This week, we have learnt that residents of Carnoustie in Scotland are starting to put their properties up from rent. This follows the announcement that they have been chosen to host this summer’s Open Golf Championship. Welcoming golf professionals and fans in their tens of thousands; the city is said to be renting their homes out for around £10,000 per week!
Duncan Robertson, owner of Robertson Property Management, explained how he had seen a tremendous number of people exploring the idea of renting their homes out. Claiming it to have
“exceeded expectations”, he shares his thoughts on this rising trend.
He said: “There’s been a lot of interest. So far, we have had inquiries predominantly from corporate companies.
“Players and agents usually start looking after the season has really begun, which is towards the Masters in April.
“We have been taking telephone calls and emails for more than a year, with increased interest recently.
“We are receiving up to 10 inquiries a day from those people wanting to know more about the process of renting out their house and we’ve visited more than 100 properties in Tayside and Fife. Interest has been beyond our expectations.”
A trend that’s here to stay?
Having been involved in short-term property rentals when the Open was held in Carnoustie last year, he claims the level of interest is substantially greater. But, is it only set to increase; or this this a fad hotel chains and B&Bs will look to rectify? Leave your comments and thoughts with us.