Holiday let agency with a local office

Property owners in popular holiday areas who want a hands-off service, with guests paying for the stays that generate your commission.

Commission on bookings, plus fees for linen, laundry, welcome packs and managing maintenance. A larger portfolio spreads costs, but needs staff and systems.

• Managing and scheduling staff
• Marketing and winning owner clients
• Handling money and accounts carefully
• Local knowledge of the area

• Check whether you need client money protection or redress scheme membership, and keep owners' money properly separate
• Public liability, professional indemnity and employer's liability insurance once you hire staff
• Guest safety duties, such as fire, gas and electrical checks, so agree in writing who is responsible
• Seasonal income, so plan cash flow for quiet months
• Check planning, licensing and registration rules for short lets in your area, as they can differ between England, Scotland, Wales and Northern Ireland

Startup costs are typically estimated at around £5,000 to £25,000, depending on your office or shopfront, website, marketing and how large a team you set up at the start.

Monthly revenue is typically estimated at around £2,500 to £12,000, depending on how many properties you manage and the time of year. Income is seasonal, so plan your cash flow for quiet months. The estimate assumes at least 30 hours a week.

Check whether you need client money protection or redress scheme membership, and keep owners' money separate. Also check planning, licensing and registration rules for short lets in your area, as they can differ between England, Scotland, Wales and Northern Ireland.