subject: Options For Your Bulgarian Sunny Beach Property [print this page] Since all people enjoy spending time at sunny beaches, you may decide to rent it out on what is often referred to as a 'transient' basis, to those on holiday. If you decide to rent it out, you may wish for longer-term clients, and opt to market to corporate clients on longer-term duties or to an actual tenant who will live there for the long term.
Checking Out Your Options
One thing you will want to do before making a decision is check zoning and other regulations where your sunny beach property is located. In some communities, holiday rentals are either discouraged or forbidden completely. Should you be set on using your property in Bulgaria as a holiday rental, you might then consider selling your property on that sunny beach and purchasing another in a location that suits your needs.
Another option that owners find gratifying is to let their properties for corporate clients. Large companies often need to move people to various locations for limited amounts of time to work on special projects, or fill business needs. Corporate clients may need your Bulgaria properties from a few weeks to several months or even a year or more and they are generally very good clients. As they are not on holiday, the rules against transient rentals typically will not apply, though it is always a good idea to check with the local zoning regulators prior to proceeding.
Using your sunny beach property as a rental, either for holidaymakers or for corporate clients, means that you will likely have some flexibility as to when you use it. There will be periods of vacancies available for you to utilise, so you have the best of both worlds in this situation: rental income as well as the ability to use your property, so long as you plan your visits to exclude paying customers during that time.
Another option with a steadier income stream but less flexibility is to let your property to a full-time rental client. Sign a lease for a year and you have an excellent idea of what your rental income for the year is. Of course, you are not able to use the property yourself during that time, but you may have other properties or simply choose to stay elsewhere during the period of the lease.
For most owners, letting their properties can also come with some tax advantages, depending on the location of the property and in what country you, the owner, resides.
