The Costa del Sol still remains a year round destination loved by thousands and many home owners rent out their property to holiday makers as a way of earning extra income. However, this time of year the demand for holiday rental homes is less and hundreds of properties will be left empty until next summer.
If you are a property owner on the Costa del Sol, have you thought about renting out your property long term? Some home owners are put off by long term rentals after hearing horror stories about landlords not being able to evict tenants etc but the Spanish rental law has changed this year so owners need not worry about this. In Spain, long term rental contracts typically start from 6 months, which would be a great arrangement if you only wanted a long term tenant for the winter season, then the 6 months summer season can be yours to use for holiday rentals or for your own holidays!
Benefits of renting your property out long term
- Provides a steady monthly income throughout the year
- Bills are all paid for by the tenant
- Your property is not left empty for long periods of time
- The rental law has now changed to make it easier to evict tenants
- If you are trying to sell your property, long term rentals is a great way to earn income while you wait for your property to sell.
There is currently a shortage of quality long term rental homes in key areas of the Costa del Sol and the demand is increasing as people are looking to ‘try before they buy’.
This is a great time to rent your property out long term, if you want to make some extra income and don’t want to see your property sitting empty during winter then this is the way to go. A good property management company will take care of everything for you from finding the tenants for you and sourcing references, to handling the contracts, collecting deposits, and dealing with any problems if they occur.
If you have any questions about putting your property up for long term rentals on the Costa del Sol, call us on 952 839 595 or visit our website for more information.