Okay, just imagine this…
- You desperately need help covering the running costs of your vacant property on the Costa del Sol
- The rental agent you contacted last month called a few days ago to say they’ve found you a long-term tenant (Yesss!!!)
- You and your new tenant have signed the rental contract the agency organised, you’ve paid the one-off fee upfront fee the agent asked for
- The tenant has paid a deposit and they seem nice and trustworthy
You can’t believe your luck. Everything is sorted. From now on, there’ll be no more overheads to worry about. All the money your tenant pays you in rent each month is yours to help pay for the property you thought you could no longer afford.
Yeah, you can finally relax…what could possibly go wrong?
Now it’s time to wake up and smell the coffee!
The above might seem like a dream scenario on the surface, but there are a number of issues you might not have considered which could and probably will come back to haunt you, especially if you’re renting your Costa property out while actually living in another country.
For instance, who’s going to provide a spare set of keys at 3am if your tenant phones to say they’ve lost their set?
Who’s going to find a plumber if there’s a water leak in your apartment on a Sunday?
Who’ll inspect your property on a regular basis to make sure your tenants are treating it properly?
Who’s collecting the rent?
Who’s going to have to deal with everything if the tenant (God forbid!) just stops paying the rent?
And who’s going to get sued if there are any serious personal injuries or death caused by faulty fixtures or fittings in your property?
The answer, if you don’t have a property management company in place, is you.
A professional management company might cost you money you’d rather not spend, but in return they’ll relieve you of all these worries and more, which in turn will save you both time and money in the long-term, and help you and your tenant to enjoy a mutually rewarding tenancy with fewer risks.
It’s not only worth thinking about, it’s a ‘no-brainer’.
So if you’d like more free advice about how our property management services can help you rent out your Costa del Sol property long term with fewer risks, please just pick up the phone and call us on 0034 952 83 95 95 or email us at info@HomeCareontheWeb.com and we’ll be glad to help you out.