Costa del Sol Property Sales

Earning income from your property investment

What do I need to consider first?

Your Spanish holiday home is probably one of the best investments you can make. If you don’t reside there full-time, an excellent way to cover some of the costs of owning the property is to allow it to be rented out in the short-term or long-term. You could provide yourself with a reasonable income, providing that you go about the process in a professional manner.

Before you go ahead though, there are some questions you need to ask yourself:
• Do you want to maximise your income or just cover costs?
• How often do you want to use the property yourself?
• Do you want to be there on certain dates or can you be flexible and visit during those weeks when there are no bookings?
• What type of people do you want to stay in your home?
• Are you happy to have children, or a group of golfers, to stay?
• Have you an idea of expected rental fees?

If your property fits the luxury standard it is far easier to generate premium rental income. For example, if it has an up-to-the-minute fully-fitted kitchen, and modern bathrooms, quality furniture, fittings and fixtures, and an overall high standard of decoration or, better still, has been interior designed. If you are considering long-term rentals then satellite television is a must, as is air-conditioning for the summer months and heating for the winter.

What do rental clients look for?

One of the most important aspects to remember about renting property on the Coast is that there are many other owners who are looking to rent out their properties too. As a result there are thousands of properties available to the rental client to choose from. Some of the deciding factors from the rental client’s point of view are: is the property well furnished and its contents of good quality, does the rental fee represent good value-for-money in today’s market and, most importantly, is there someone there to turn to if anything goes wrong.

A professional company can help

Obviously, having the experience, expertise and support of a professional property management and rentals company behind you is quite critical. Our team at HomeCareontheWeb can help you to determine your financial objectives, advise you on what level of rentals you can expect and for how many weeks of the year. Additionally they can make recommendations about furnishing and equipping your home for rental, prepare a full and detailed inventory for the property and its contents, advise you about insurance, and much more. Then, once all your property details are complete, with photographs of the interior and exterior, everything is uploaded to the HolidayRentalontheWeb website to attract rental clients worldwide.

Rental clients get ‘five-star’ treatment

Our HolidayRentalontheWeb rental clients receive ‘five-star treatment’ from the moment they first visit the website. Once they have browsed through our portfolio
of properties, they can easily book and pay for their accommodation on-line, and even arrange additional luxury items such as a chauffeur-driven car from the airport.
A HomeCare Manager visits them at the start of the rental and thereafter weekly (monthly for long-term rentals), to ensure they are enjoying their accommodation, and also to instruct them on how all the appliances work and advise them of the house rules, etc. Should any problems arise with the property or its contents during the term of the rental you can rest assured that HomeCareontheWeb will be there to resolve them satisfactorily on your behalf.

View your rental bookings on the web

As a subscriber to HomeCareontheweb we keep you fully informed by e-mail of all bookings and financial transactions on your property. As soon as a booking is made it is immediately updated onto the ‘live’ calendar on your own personal area of our website. And at the end of each booking we transfer the balance of monies due to you, directly into your Spanish bank account.

So, if you would like to earn some extra income from your property investment by making it available for rental either short-term or long-term, then please visit the websites of our other company divisions for more information:

HomeCareontheWeb property care and rentals management at
www.homecareontheweb.com
HolidayRentalontheWeb short and long term lets at
www.holidayrentalontheweb.com