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Protecting Yourself and Your Holiday Rental Property

bigstock-Property-Insurance-89979281Renting out your Costa del Sol property, whether short term or long term, is a great source of revenue, and makes good use of your investment when you’re not using it. If you use a reputable property management company, hold a deposit and ensure that the property is inspected before the guests or tenants leave then you are well protected.

To protect yourself further, think carefully when you’re furnishing the property, choosing hard wearing furniture and considering sofas with removable cushion covers which can be replaced, wax table clothes to protect tables, and paint which is resistant to marks and easy to clean. There will be wear and tear from renting the property so don’t get precious about it, don’t have valuable or sentimental items in the property and factor in some cost for replacing things such as glasses, cups and plates and for repainting and re-upholstering furniture periodically.

Also invest in insurance which adequately covers you for renting your property, ideally with a company used to dealing with the type of claims which come from rental properties. Standard home insurance is usually for your principal residence and you may find that it won’t cover you for a rental property, or they will make it very difficult for you to make a claim.

We have had a lot of demand from property management clients for a reputable and specialised insurance company that they can trust. After researching what was out there and checking policies we found Hiscox, a company specialising in insuring holiday homes with a wealth of experience in covering higher-value holiday homes in the UK and overseas.

We are happy to recommend their services, as their approach is all about convenience, ensuring that things get put right even if the owner is not there when any issues occur. They have a network of English-speaking claims professionals available to help and have a reputation for a fast and fair claims service. Find out more

Reach a bigger market for your property rentals

Reaching a bigger audienceWhen advertising your property for rental in Spain, most people are limiting themselves to potential clients without realising it. With so many properties on the rental market, reaching a wider audience is a great way to increase your chances of being a successful landlord. See our blog on top tips for increasing rental bookings to make your property stand out from the rest, and then you can decide how to reach as many people as possible with your rental property.

The majority of people looking for rental properties in Spain are not the English anymore, yet a lot of rental ads are only aimed at the English. Scandinavian and German nationals are among the majority of people looking for rentals in Spain this year. So how do you go about reaching these potential tenants? Instead of aiming at one or two countries why not aim for over 10 countries? Continue reading “Reach a bigger market for your property rentals”

Top tips for increasing your rental bookings

Many home owners in Spain are choosing to rent out their properties for long-term rental, and shorter holiday lets. This is a great way to help keep up with the mortgage and other costs. However, with hundreds of villas and apartments up for rental, how can you make your property stands out from the rest and secure those valuable bookings? Here are a few tips to potentially increase your chances of getting rental bookings, and generate more income. Continue reading “Top tips for increasing your rental bookings”

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