How to rent your property for the Olympics

This Summer marks the 2012 London Olympic games. The London Olympics will see thousands of people from around the world descend on to London for the show-piece event of international athletics. Despite years of planning the logistics of London means that their will be a lack of accommodation during the Olympics.

This will create an opportunity for many people within commuting distance to rent out their property for up to £1000 per week! Many of the properties will be rented out by media representatives looking to stay in much more comfortable accommodation for the week.

The standard requirements for a property seems to be a flat screen TV, Wi-fi access, a power shower and fridge-freezer.The property also needs to be in commuting distance to London. The benefit of London is that it is accessible by many train stations in the South East.

The Olympic Village is located next to Stratford Train Station which is accessible from Train Stations as far as East Anglia. The Olympic village is also accessible via the London Underground Tube network. Having a property that is next to a tube line will be very desirable as the tenant can easily access the centre of London

The best place to advertise your property is online. With specialist websites set up such as Rent for Sport (http://www.rentforsport.co.uk) it is easy for people from around the world to be able to view your property.

A lot of these sites charge a minimal amount, ranging from a one of £50 fee to 10% of the final value.The do it yourself option will take a bit of management and will involve you being fully responsible of all the legal aspects of the purchase.

Tip: Do not forget to let the tax man know if you rent your property for the Olympics