If you don’t stay at your Spanish property long term, renting it out is a great way to make a second income. While tourists tend to be on a tighter budget during the current economic crisis, many families and couples are opting for self catering accommodation which allows them to holiday their way, while feeling at home.
It can be hard to decide when to rent your property, where to look to rent and how to go about the process. HomeCareontheWeb provide a service which tends to all your rental needs, holding your hand every step of the way, ensuring that your property is looked after all year round.
Going about the rental process in a professional manner will ensure that pitfalls can be avoided. Here is a small guide, with some things to think about which will allow for maximum income from your property while avoiding problems:
Preparing your Property
It is important to decide on the financial objectives of renting your property; this will allow you to decide which market to rent to and for what period of time. It is also important to think about and plan for how long you plan to be at your property yourself.
Furnishings and equipment
Rental rates will depend on the standard of your furnishings; the higher the quality, the more you can charge. Think about furniture which is simple and easy to clean for example, washable cushion covers or plastic chairs.
The kitchen should be fully equipped with all appliances and ample cutlery and glasses. The bedrooms should have ample storage space, spare sheets and bedding should also be provided.
It is important to think about a set of house rules, while you do not want to offend tenants or be off-putting, it is still your property and a set of rules should be put in place to avoid any damage being caused.
You must make sure that your property is fully insured and that your insurance company is notified that your property will be rented out, this will ensure that you are fully covered for any damage or accidents.