So you pay £600k to buy a property you can only use for a few weeks per year and then all the income from rental fees go to the property managers ! Sounds like a very expensive holiday.
Not quite. 45% of the rental income goes to the operator to cover the costs of all of the marketing that goes on behind the scenes all year round to promote the domaines. All of this work allows owners to benefit from 55% of the rental income. With this particular property the owner made a healthy profit last year despite 2023 being a poor year for holiday rentals in the south of France.
It is automatically rented by the operator when the owners are not using it. For those that are looking for a complete hands off approach to owning a holiday home in France the system works very well. For those who are looking for more of a second home where they can open perhaps several months in their property at a time then this model is less suitable. I hope that helps.
The way you explain the rental agreement with the management group at 2:42 to 3:18 in the video the owner breaks even at end of year. Break even means the profit from rentals goes to marketing, gardening, pool boys, and tennis upkeep. Quite a deal. Spend $600K to use your own place a couple weeks of the year and any profit made from rentals goes to management of property. I dont think the people you are marketing to watch youtube videos.
It's not a model that is suitable for everyone. With any kind of development like this that has shared facilities such as gardens, pool, tennis court, reception and concierge services there will be an annual management charge to pay. With this model, for most owners, their share of rental income generated when they're not using their house covers those costs. If you didn't have the rental part then you would have a pure cost for the year and would be at a negative balance at the end of the year. This model allows your house to work while you're not there to offset those costs. Happy to chat further if you'd like to 🙂
Stupidly overpriced for the area. Surely the rent should cover the mortgage, not just the management charges? Or are the management charges really outrageous?
You say stupidly overpriced and yet when these were launched off plan we sold all 44 in just 5 months !!! For this particular house, in 2023, the annual management charges were circa €16,000. The owner then generated over €25,000 in rental revenue so there was a healthy profit. I prefer to present these as a break even option because I would prefer that owners have a pleasant surprise when they make a profit rather than having them be disappointed if they only break even. I hope that helps 🙂
Lovely place, would have rented no 11 for 3 months but it’s not open in Jan/Feb 😞
😎
So you pay £600k to buy a property you can only use for a few weeks per year and then all the income from rental fees go to the property managers ! Sounds like a very expensive holiday.
Not quite. 45% of the rental income goes to the operator to cover the costs of all of the marketing that goes on behind the scenes all year round to promote the domaines. All of this work allows owners to benefit from 55% of the rental income. With this particular property the owner made a healthy profit last year despite 2023 being a poor year for holiday rentals in the south of France.
How can u rent it ? 🎉
It is automatically rented by the operator when the owners are not using it. For those that are looking for a complete hands off approach to owning a holiday home in France the system works very well. For those who are looking for more of a second home where they can open perhaps several months in their property at a time then this model is less suitable. I hope that helps.
The way you explain the rental agreement with the management group at 2:42 to 3:18 in the video the owner breaks even at end of year. Break even means the profit from rentals goes to marketing, gardening, pool boys, and tennis upkeep. Quite a deal. Spend $600K to use your own place a couple weeks of the year and any profit made from rentals goes to management of property. I dont think the people you are marketing to watch youtube videos.
It's not a model that is suitable for everyone. With any kind of development like this that has shared facilities such as gardens, pool, tennis court, reception and concierge services there will be an annual management charge to pay. With this model, for most owners, their share of rental income generated when they're not using their house covers those costs. If you didn't have the rental part then you would have a pure cost for the year and would be at a negative balance at the end of the year. This model allows your house to work while you're not there to offset those costs. Happy to chat further if you'd like to 🙂
Stupidly overpriced for the area. Surely the rent should cover the mortgage, not just the management charges? Or are the management charges really outrageous?
You say stupidly overpriced and yet when these were launched off plan we sold all 44 in just 5 months !!!
For this particular house, in 2023, the annual management charges were circa €16,000. The owner then generated over €25,000 in rental revenue so there was a healthy profit. I prefer to present these as a break even option because I would prefer that owners have a pleasant surprise when they make a profit rather than having them be disappointed if they only break even. I hope that helps 🙂