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Rental Property Management Key in Costa del Sol
from: ...Tip! Next you will need to decide what sort of property it is you want to purchase, is it an apartment, townhouse of a finca (country house with land). You may even want to take on the challenge of buying a property that needs renovation.
Once you've taken the leap and purchased a villa or apartment in Spain's beautiful Costa del Sol, you face another crucial decision: finding a company to look after your property when you are away. Whether your villa is in Fuengirola or Marbella, you need to ensure that the rental property management company you select will provide you with the service, maintenance, and oversight that give you peace of mind.
The right rental property management company gives owners of Costal del Sol property who are interested in letting their villa or apartment the confidence of knowing that they can gain the financial rewards of short- or long-term rentals while protecting their assets. If you are looking for a rental property management company to oversee your villa or apartment in Fuengirola or Marbella, here are some tips to find a good fit:
Property inventory - A reputable rental property management company will go through the property with you, taking a thorough property inventory and using that as the basis for checking the apartment or villa after guests have departed.
Regular property inspections - Ideally, the company you select should perform a weekly property inspection. The inspections should include a check of all plumbing, making sure all showers, baths, toilets, and other fixtures are in working order. It should also include an inspection of electrical outlets and small appliances, again to ensure that they are in working order.
Outdoor inspections - The rental property management company should inspect lawns, gardens, and the pool for damage and to make sure that sprinkler systems and pool filters are in working order. In addition, the company should regularly inspect for pests and vermin.
Mail pick-up - The company should offer regular mail pick up and a forwarding service.
Property administration - Ideally, the rental property management company will ensure that utility payments, taxes, and other bills are paid in a timely manner. They should also provide you with a monthly report on the status of your property, as well as a line item list of any maintenance issues that need to be addressed.
Cleaning - Prior to guest arrival, the rental property management company should arrange to have your villa or apartment cleaned and prepared for letting. Some companies may, for an extra fee, also offer greeting services to and owner's renters.
When you find the right rental property management company, owning property in Fuengirola or Marbella and be both a personally and financially rewarding experience.
Tip! Allow 10% extra for expenses. The cost of buying a property abroad (taxes, conveyancing, lawyers fees, agents fees, VAT, etc) can be much higher than in your own country.
Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies on the web.
Visit this Real Estate Website and Majon's Real Estate directory.
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