HOLIDAY OR LONG-TERM RENTAL
Let your property for long term rental or as a holiday home
You have made the choice to generate income with your property, but you do not know exactly how. On this page, we will explain the advantages and disadvantages of renting your property for the long term or as a holiday home.
To begin with, lets shed some light on the following concepts:
By long-term rental, we mean a period of at least 12 months. This is intended for people who are looking for a home to live in.
Depending on your wishes as to the owner, a 1 or multi-year contract is offered. After this contract duration, both the landlord and tenant will decide whether the contract is extended or not.
Potential tenants can be screened, and a proof will be requested to confirm that they are able to meet the financial obligations throughout the rental period.
Short-term rental / winter rental
Short-term rental implies a rental period of a few months. This is mainly done by winter tourist.
These winter tourists are mostly retired people who want to stay in Spain during the winter months. On our website, you can find the short-term rentals and the holiday rentals under the category holiday homes.
Holiday rentals are short periods from 1 day up to a few weeks. The advantage of this rental method is guaranteed to get the most profit off your home.
Especially in the summer months and during other peak periods you can ask 4 times the price of long-term rentals. During the remaining months, the price is still considerably higher than for long-term rent. However, the clue is to book your holiday home as much as possible throughout the year to achieve the desired profit.
To achieve this, you can let your property as a winter home for several months, which is always outside the high season. We can arrange this for you.
The advantage of holiday rentals compared to long-term is therefore the higher rental income.
The disadvantage, on the other hand, is that holiday rentals require a lot of work. Guests can arrive at any time of the day, even at night, and they need to be checked-in your home. There has to be good planning of schedules between the arriving and departing guests. After they leave, there is often only a short time available to prepare the house for the next guest.
You must clean, wash the linen and do an inventory of all the things in the house. If something is missing or broken, it needs to be replaced because the guests expect everything to be in perfect condition. After all, they have been looking forward to their holiday all year long.
If something is wrong, the administrator is called to solve the problem, whether it is outside working hours or not. Even if the preparation is well done, there can always be a reason why the administrator has to visit the property.
In short, letting out your home for a holiday rental instead of long-term might generate more income but it is also much more labor-intensive.
We can help you with everything, from booking your home to arranging all additional management tasks that are necessary to make you holiday home a success.
If you want, you can make an appointment with us so that we can better inform you, free of any obligation.
Click here for more information about what we can do for you regarding promoting and managing your holiday home.
Click here for more information about what we can do for you regarding letting your property for a long term.
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