Five mistakes to avoid with long and short term rentals

With a growing number of holiday makers looking to take self-catering holidays and Europe generally becoming a smaller place and people relocating the rental sector is rapidly expanding. These are our tips and recommendations for owners looking to rent out their holiday home or investment property.

1. DON’T price the property too high

Ensure that you research the market and compare similar properties. If using a reputable agent listen to their advice, they will want to get as much as possible for your property but will not market aggressively an overpriced property.

2. DON’T furnish as you would your home.

Your property is a business, so keep furnishings simple, avoid clutter and remove personal items. Ensure the property meets health and safety requirements, and consider what practical items guests can expect.

3. DON’T leave your rental bookings to chance

If you decide to rent then you want as much traffic and enquiries as possible. Having your own website is ok but the professionals, like AvailableNow.es are listed on hundreds of portals and is a cost effective way of getting exposure to thousands of potential clients. Good photos and truthful descriptions are essential.

4. DON’T scrimp - have a local representative or agent

If you don’t live nearby or are domiciled abroad you need to invest in a reputable representative who can be on hand locally who can deal with problems immediately with known handymen, cleaners etc.

5. DON’T leave yourself exposed to regulatory authorities.

Ensure that you are allowed to rent your property and that you understand the necessary documentation required and legal obligations. Your trusted agent can advise you and guide you through the requirements such as decree 218, energy certificate and tax obligations. Rental contracts can be a minefield and this should be prepared professionally or they will not be valid. It is essential that both you and your tenants are properly protected.


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