CHAPTER 1: INVEST IN HOLIDAYS
HOMES
BUY TO RENT: HOLIDAYS HOMES
In the previous years there has been a loud explosion of the concept of
renting for tourism purpose, dictated by the news introduced by
Booking.com, which was launched as website dedicated to exclusive for
rooms to rent for hotels (so intended to professional organizations
belonging to hospitality ground) then converted its offer expanding to
private sector, with the availability of renting homes of owners and not
specialists. With the arrival of Airbnb.com, the website keen to all types of
private rents, from room to entire flat, from the boat to the camping tent, the
concept has become decisively much more popular until coming up to be a
proper and real trend and a real boom, so fast that not even legislative and
tax regulations have kept up: initially there was not even an imposition of
taxes well delineated by the rules that determine which subjects were
deputies or not to practice this type of activity. Anyone found in the last
three years had thrown into this type of business, buying houses, letting
rooms or camper or any other thing, succeeded gathering savings that in
some cases were real and proper “pocket moneys” end of month to cover
the costs of bills, while in other cases it was converted into a second job or
a semi-professional world where draw important gains.
But what happens when it swells a lot like a balloon and in a very fast way
without being worried about how much is it blowing? It bursts.
For a couple of years, several municipalities, areas or regions, were
struggling with the license war: as there was a regulatory hole or a novelty,
they tried to repair by regulating the deputies of this activity, but making a
huge mistake: they thought too big as utopia, without thinking about the
reality in force. There had been bizarre legislations, architectonically
unpractical and then the variations, between the licenses issued and those
that should have been issued, with following legal trials: the result is the he
result is that the profitability of holiday homes has collapsed even before
they put a remedy on it, because the market runs faster than the
bureaucracy, and those rules may be valid in a few years, if we are lucky
enough to find ourselves in an another prosperous real estate economic
cycle, but now is of very little use.
When I say that the system is collapsing I would imply that has happened
what the analysts and we experts were bee observing: too many people who
have secretly started to carry out the same activity together. Caution: am I
saying that nobody makes more money with holiday homes? Absolutely
not, on the contrary: there are people who earn will continue to earn
because they bought using certain selection criteria that are always winning
horses, and there are some organizations that will keep watching because
they are well structured and they know how to present themselves,
distinguish and evaluate their investment during good and bad times. But
this book is addressed to small investors, or rather for beginners, so I have
to worry about pointing out that, unlike in previous years, we will no longer
be able to buy a random property, or the first one that seems to us to cost
little, outside the area, without doing a prior study. That because, in a time
frame of “fat cows” like before, with no rules, it was all worth; but
changing the economic cycle, only the best and the most advantageous
quality / price for the customer will advance and produce income, given
that the demand will be significantly lower than in previous years. It is
unquestionable, from interviews and videos that I had recorded in the last
months of 2019 (even before the covid-19 emergency that hit the world and
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