Holiday house vs residential letting?

[Southwest]

please can anyone point me to any info comparing cost/profit and risk when you rent out a holiday house vs renting out a normal residential house for people to live in (semi) permanently?

Neither would be a high spec or in a particular expensive area.
Thanks

Holiday homes have a far higher yield per week than a standard rental, but are normally only let for a portion of the year (I guess 12-16 weeks would be about average). How sucessful you are at advertising makes a big difference to your yield.

Ongoing costs are also much higher for a holiday let. All costs are paid by the owner, so not just council tax but also electricity heating water telephone etc. Wear and tear on furniture etc is normally more and as each tennant is a new tenant it needs to look good all the time. You also have the changeover/cleaning costs to consider. Input from the landlord is much higher than a standard let, unless you go through an agency who charge very high fees.

Holiday lets by there nature tend to be in more touristy areas so areas often are expensive. For specific questions try the forum www.laymyhat.com/forum/

Thanks

As someone who has two two bedroom flats one an unfurnished long term let and one a holiday let I would say that gross profit on holiday let is greater we let for about 20 weeks per year. However, costs are much higher and effort even with an agent and housekeeper is much greater. Once all is said and done net profit is similar on both properties. We have the two different types as a way of keeping a range in our portfolio ( we have commercial property too).

Thanks liz can I ask would you say they are equivalent in other respects ie similar spec, both in areas with similar desirability all be it one residential one holiday?

No different residential is 1950s above shop in dormer town. Holiday is grade 2 listed victorian top floor of house. But both flats are valued at very similar amount. Would do more residential before more holiday.