27 Oct 2012 4:38 PM:

About a year ago I moved to Spain and I needed something to do. I decided to try holiday lettings - but as I had never done it before I wanted to start slowly and see how things developed. I decided to take one property on. Looking at my competitors I charged the owner 325 euros for full management which included advertising the property, property check, meeting and greeting guests etc etc. To be honest I advertised the property on holiday lettings co uk which cost £300 for a year but they provided 9 lettings over the busy summer period.
To make extra income I cleaned the property and did a couple of airport runs. I met the owner again last week and she was delighted, after paying her bills she estimated she made 1200 euros profit which exceeded her expectations and begged me to carry on.
I have now got a good grounding for property management and its something I like to expand. My income was around £1400 which included a charge of 15% per rental, property cleans and the odd airport run. My logic suggests if I can obtain 10 rental properties and if the average out the same income I should make around £14000 which will be more than sufficient for me.

However I dont want to continue with airport runs - so I will expect my income to be a little less

So I have been wondering how I should promote myself to get another 9 properties on. I want to be able to say to prospective owners that my upfront management charge really goes towards advertising their properties and I will earn my income from looking after their properties and a small percentage of their rental incomes.

This is a very different approach than my competitors who charge a much higher annual fee and a higher rental percentage - they all say they advertise properties but its only usually on their own websites.

So if anyone out there can come up with something that I can put in a newspaper advert that sums up what I want to explain I would be very grateful

Thread: Could you help me to expand my business?

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