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Tips for successful property rentals

Tips for successful property rentals

As we prepare for the summer season, we wanted to offer you advice on how to make the most of your bookings and share some simple things that you can do to minimise costs and reduce stress when renting out your property. With over a decade of experience in renting out properties for our owners and taking care of them all year round, we’re the perfect people to give you the advice and support you need.

  1. Save on unnecessary extra laundry costs by having a locked cupboard or wardrobe in your property – We strongly advise that you have a lock fitted to one of your cupboards or wardrobes. This avoids having to pay for the laundering of your linen, towels and kitchen tea towels that have been used by holiday guests. As well as preventing the guests from using your linen, it enables you to store and use your linen for your own visits. If you don’t already have a locked cupboard or wardrobe in your property, please contact us and ask about how we can assist you with fitting a lock or installing a lockable storage container, and save yourself unnecessary laundering costs.
  2. Make sure you are declaring your income correctly with the newly updated form – If you earn rental income on a property in Spain it’s very important that you declare it correctly. Please note that the Online Form – Modelo 210 has changed slightly for 2018. Here is the link for the new form – https:/www2.agenciatributaria.gob.es/wlpl/OV17-M210/index.zul If you have any doubts on what to declare and how to do it, please check with our rentals team. We offer support and guidance to our owners on how to comply with the rules and ensure you’re not at risk of any fines or penalties.
  3. Try to increase your rental season – One of the key ways to increase the income you earn from your property is to try to increase your window for rentals, through effective marketing and making sure your property is well set up for off peak rentals. We are seeing people booking later into September and October and these extra months can make a big difference to your income. Christmas is another good time for bookings if your property is prepared and marketed correctly. Check out our tips for increasing off peak rentals
  4. Consider renting long term – Another way to make good year round income is by renting long term. There is a much higher demand and lower supply of quality long term rentals compared to holiday lets, so it’s easy to find a tenant. We have a specialist long term rental department and are actively looking for more properties, so please talk to us if you want to rent your property long term and read our blog for long term rental tips
  5. Don’t try and go it alone, trust the experts – Last but not least, the best way to remove the stress of renting your property is to trust the experts. We’ve been offering property management services and renting out properties for owners for over a decade. We have the skills, manpower and experience to take everything in our stride. However, if you’re trying to do it alone, then meeting guests, making sure everything is working, fixing problems and dealing with payments and deposits can be a real pain. By signing up with a property management and rentals package with HomeCareontheWeb you can relax knowing your property is in safe hands and you can simply sit back and enjoy the income.

For more great tips like this, download our Secrets of Successful Rentals guide or contact our property management and rentals experts.

Make it your New Year’s Resolution to get more rentals!

Make it your New Year's Resolution to get more rentals Happy New Year from all the team at HomeCareontheWeb! We hope that you all had a wonderful Christmas and that 2016 is going to be a brilliant year for you.

We’re expecting another fantastic year for tourism as the global economy improves and we’re looking forward to lots of new arrivals and increasing demand for holiday rentals on the Costa del Sol. After 12 successful years of providing professional property management services, our New Year’s Resolution is to continue to expand and help more people to make money from their Costa del Sol property. What’s yours?

Do you want to start renting out your property short or long term, or do you want to increase your occupancy rates? If you want to rent your property without the stress, we can help!

We have a really useful guide with the Secrets of Successful Rentals which you can download on our website to get you on the right track. To make it even easier here are 5 tips to help you achieve your goals in 2016.

  1. Invest in marketing– Your property needs to be easy to find for potential tenants online and offline so you need to aim for maximum exposure and the widest reach possible.
  2. Think carefully about your target market and prepare your property accordingly– If you have a family friendly property, then spend some time and money on setting the place up for their needs. A high-chair, travel cot and some baby bits and bobs are so helpful for a family and are a real selling point, as well as attracting loyal, repeat bookings.
  3. Ensure your property is great all year round– If you want to break out of the seasonal booking trap or rent your property long term you need to think about heating and cooling the property effectively to make it a nice place to be whatever the weather. An open fire is a great selling point, but a wood burner is even better as it’s a brilliant source of heat in the winter. For cooling think about ceiling fans in the bedrooms, they are great for making sleeping more comfortable and don’t require as much electricity as air conditioning. Hot and cold air conditioning units are very useful but expensive, so oil filled radiators are cost effective heating options.
  4. Make it easy for people to book– Ensure that people can book quickly, easily and securely, ideally online, so that you can convert an enquirer into a paying customer as quickly as possible.
  5. Offer support and help before, during and after their stay– It’s essential to be able to respond to questions and help clients get ready for their stay and then have someone on the ground to give keys, deal with any issues during their visit and do an inspection at the end in order to refund their deposit. The better you treat the tenant, the happier they will be, the more recommendations you will get and the more repeat bookings you will achieve.

We wish you every success in 2016 with renting out your property and hope that it is a happy and profitable year for you. For more great tips like this, download our free guide, or contact us today to get our expert advice.

HomeCareontheWeb has been taking care of Costa del Sol properties for owners for more than 12 years. We have over 500 properties, tried and tested procedures and professional bilingual staff which will ensure that your property is carefully taken care of whilst maximising rental income for you. We look forward to hearing from you.

Taking Advantage of Summer on the Costa del Sol

Taking Advantage of Summer on the Costa del SolSigns are that summer 2015 may break the impressive records set last year and be the best summer yet for the Costa del Sol. 2014 broke all the records, but this year has already been fantastic, with January’s hotel stays being up 10% from last year. There was an early start to the season, with the best April ever in terms of people travelling to Malaga airport and bookings for hotels and holidays are up again for the peak months. There are also signs of the Spanish starting to return after many years of low domestic tourism figures. At HomeCareontheWeb we have holiday rental bookings increase by 24% from last year.

If you own a property on the Costa del Sol you can take advantage on the popularity of the area and the demand for accommodation over the peak summer months by renting out your property. We have particular demand for villas with private pools, or modern apartments within walking distance of the beach, or town centre where people don’t need a car.  We are getting more and more last minute bookings as people search for sunshine, so if you want to rent your property this summer please give us a call and we’ll see what we can do to get your property ready to rent in time.

Top Tips for Renting your Costa del Sol property

  • Family friendly properties are very popular, so if you have a travel cot, high-chair and some toys that you’re happy to leave for families, plus a pool with a security feature such as a gate, then this will most definitely be in demand.
  • If you are a pet owner and happy to accept animals then this is a big plus, as pet owners find it very difficult to travel with their furry friends.
  • Read our secrets of successful rentals here and consult with our Costa del Sol rental management experts who can help you with every detail of renting your property, from marketing, to handling bookings and taking deposits, cleaning, key holding and more.

Ask the Experts about Holiday Home Ownership in Spain

property rentalsThere’s a lot of talk right now about the investment potential about buying property in Spain, as with the property market still low and the pound so strong, your money can go a lot further.

However, if you’re buying property as an investment, you should capitalise on it as much as possible and renting it out whilst you’re not using it is the perfect way to start earning from your property right away. This allows you to cover your costs and often more whilst the market recovers and your property increases in value.

Have you ever wanted to own a second property to rent out in Spain, but don’t know how it would work? Well we’re here to help! We are Costa del Sol property management and rentals experts with over 12 years of experience managing our clients’ properties, attracting rental bookings and managing the whole process so that it runs like a dream. Here are some answers to your questions and tips on how to make renting out your property work for you.

What options do I have for renting my property?

You can choose between short term rentals for holiday lets, which are typically from one week to one month rentals during the peak periods of April to the end of September. The advantage of this kind of rental is that you can use the property when you want it and the returns during the summer are really high – what you could earn for one month of a long term rental, you can normally earn in one week as a holiday rental.  The drawbacks of this kind of renting is that you do not have a guarantee of multiple bookings and each holiday booking requires management, key handover, cleaning, a point of contact for issues etc.

Alternatively, you can opt for long term rentals where you have tenants in your property for a period of 11 months on a contract paying a monthly fee, after the 11 month contract is over this can roll over or you can terminate the contract. The benefit is this is it’s very little hassle, you will only get contacted when there are any issues with the property and very often you simply receive your monthly pay checks and check in with tenants from time to time and there’s no issue. Read our secrets of successful rentals

How do I deal with issues if I am not in the country?

We always recommend having someone on the ground to deal with issues such as someone locking themselves out, a maintenance issue, or a cleaning request. All of this is relatively straightforward to deal with if you’re around the corner, but very stressful if there’s an ocean between you and the problem. We have a team of maintenance specialists, cleaners and customer service agents plus processes in place to make things like key pick up and drop off easy to manage. This kind of support gives our clients the peace of mind to know we can deal with any eventuality, a neighbour or friend will have less ability to handle anything out of the ordinary.

Do I need to pay tax on my rental income?

As of 2014 all owners of Spanish properties who are renting out their properties must complete tax returns declaring your profits, but also offsetting them against all your legitimate costs. Read more about tax returns for renting Spanish property. We can help you to file your tax returns if you haven’t done it before.

For more answers to your questions, read our managing a rental property FAQ. If you need help with rental management please don’t hesitate to contact us with your queries or ask for a quote.

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