Tuesday, January 19, 2010

Today's mission long-term rental property



Not as easy as it sounds. Most owners, who rent their properties out in this area, one of the most popular on Lake Como (from Colonno to Como including Argegno, Laglio, Carate Urio and Moltrasio), are pretty switched on and know that weekly summer rentals is the way forward. The incomes are much greater i.e. 1000 euro per week for a nice 2 bed, as opposed to around 500 euro per month or less for an annual rent. So not hard to do the sums, average summer rental period is May through September, making 20 weeks, at least (a good property would get 26 weeks) = a min. of 20K. And then you can use it yourself for the rest of the year! As opposed to an annual income of just 6K.
So the challenge is to find an owner, who has not yet realised this, or for some reason would prefer to rent for the whole year (guaranteed income, even if it is a lot less and no changeovers to worry about or property management).
So after much internet research and 'putting myself about' in the local village asking everybody and their Granny, if they have somewhere to rent – nothing fancy, just needs to be fully furnished, with up-to-date kitchens and bathrooms, parking, lake view, external space and within walking distance of the village!!! Sounds like a tall order – indeed it is. Anyway, off to some viewings (not many options though). Was lucky enough to find a new property, with a new and 'innocent' owner, just above Argegno, as well as a refurbished old town house in the small hamlet (frazione) of Muronico (home to 5 cats, 3 dogs, lots of oldies, as well as a couple of new arrivals in the form of me and my husband, the only household with a computer and broad band internet connection – more of that later). So will let you know how I get on.

If you want to rent - either long term or short term - simply contact us http://www.lakecomoproperties.com/


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