I would like to ask for some advice from anyone out there who has experience of renting out a second property. We have recently been lucky enough to manage to get a French mortgage and have bought a second property. Both our properties are in France, around 70 metres from each other. We have moved out of the smaller house, to the larger one (which needs lots of work BTW!) We would now like to rent out our little 2 bedroomed house. We are a little bewildered at the options in order to rent it. We have the following options:
1) Rent it out long-term unfurnished, either via an agent or by advertising it ourselves.
2) Rent it out long-term furnished, either via an agent or by advertising it ourselves.
3) Furnish the property and use it for holiday lets. The property is on a village which has quite a lot of holiday homes and they all seem to rent pretty well in the summer.
We do have most of the furniture to use for the house so furnishing it is not too much of a problem. We are French residents and pay Taxes in France.
I have heard that the landlord is more protected if renting long term unfurnished but I am not entirely sure of the ins and outs of this.
We have to get cracking on whichever route we choose so that the house can help us to pay the mortgage!
Thanks for any advice or experiences that anyone can share.