The Edinburgh Festival is on at the moment, so for landlords with property in or around Edinburgh, you have a fantastic opportunity for making some extra money while the tourists flock to the city during the month of August.
The Edinburgh Festival is fabulous. I have been several times and there is always a lot to see and do. Of course, it is possible to have plenty of fun when you go for a day, but for the majority of people, spending several days in the city is really the best way to soak up the atmosphere and enjoy the sights.
As you might expect, hotels and B&Bs are booked up well in advance, so accommodation during August is always at a premium, which makes rental properties a useful prospect for millions of people who need somewhere to stay for a few nights. So if you are looking to invest in a buy to let property, any popular tourist destination such as Edinburgh is always a great prospect and you can easily increase your rent during the Edinburgh Festival.
An alternative is to let a room out in your home for the duration of the Festival or, if you have somewhere else to go, let your entire house out during August: if you are lucky and have a home in a prime city centre location, you could easily make a fortune over the course of a few short weeks.
And don’t forget, it is not just tourists who come to enjoy the Edinburgh Festival—all of the performers and associated support staff need accommodation as well!
