Long-Term Rentals Vista
Lynn's value for money long-term rental opportunity
Our long term rentals department has a range of nearly 100 quality-assured, fully-managed properties now available for long-term rent the length and breadth of the Costa del Sol. Click here to view and search our latest list
Below, our Rentals Executive Lynn Rattone selects what she believes to be the 'pick of the bunch' - a truly fabulous three-bedroom apartment in Calanova Sea Golf, La Cala De Mijas, which must be seen to be full appreciated and is now available for just €1000 per month.
This is what Lynn has to say about the apartment:
"This fabulous apartment is just 5 minutes drive from the popular town of La Cala, with its many restaurants and bars. The nearby beach is one of the finest on the Coast, suitable for adults and children alike. The apartment has exceptional frontline golf views extending to the sea, modern contemporary furniture by an interior designer and excellent standard of quality and finishing throughout."
One of the beautiful things about this apartment," Lynn continues, "and what makes it unusual, is its views. You're in an elevated position and have stunning views of the sea, as well as those of being frontline golf. You're also pleasantly surprised when you walk in, and find yourself thinking that it's even nicer than you imagined from the photographs. Everything in it is brand new, and it's all been carefully designed and colour-coordinated, making you feel really at home. It definitely has the 'wow' factor for me, and at 1000€ a month represents a lot of value for your money."
Click here for more details about this property.
Competitive long-term rentals market good for tenants
The recent economic slowdown has affected the long-term rentals market on the Coast in many ways. Most significantly for owners, the level of competition has gone up as an unprecedented number of new rental properties flood the market.
The many thousands of investors who bought off-plan during the boom years, hoping to sell upon completion, have now taken possession of their property. However, the bottom has dropped out of the sales market and now they can't sell. Instead, they've decided to 'sit' on their investment until the market recovers, and rent out their property in the meantime.
Consequently, the sheer volume of rental properties on the Coast has gone up, and the supply of rental property now far outweighs the demand from prospective tenants.
What's more, rental prices have come down - as much as 20% or 30% on high-end rental properties.
With this in mind, forward-thinking owners now realise that to have any chance of whatsoever of renting out their property in the face of such fierce competition, they must be more realistic in terms of what they hope to achieve financially.
Unfortunately, the days of covering the running costs of a property are now over.
In other words, many owners are lowering the rental fees they're charging, the theory being that a lower monthly rent will make their property far more attractive to potential tenants, and it's better to earn less rental income and make a smaller contribution to a property's running costs, than none at all.
Better choice and lower prices are obviously good news for tenants, but the sensible long-term rental client will also consider such things as the after-sales service they receive from the agent, especially when things go wrong in properties, as they so often do.
A full-service property management company with a long-term rentals department like HomeCareontheWeb will not only be there to keep the property in good condition throughout the tenancy, and make a 24-hour emergency helpline available should anything go wrong - such as a burst water pipe or a broken air conditioning unit - they'll also hold the tenant's deposit securely and make regular courtesy visits to the property to make sure the tenant is happy and to report any issues the tenant may have about the porperty or its contents directly to the owner.
Likewise, with more and more rental agencies on the Coast reporting tenants defaulting on rental payments, some disappearing completely leaving properties badly damaged, companies like ours that take a keen ongoing interest in each tenancy they arrange can act like an owners' insurance against anything going awry.
If you're a long-term rental property owner and you'd like to discuss any of the points raised here, then please give Lynn a call on +34 952 83 95 95, or email her at Lynn@HomeCareontheWeb.com
|
