1. Any process starts with documents. So, here is the list of necessary documents:
- sales contract
- certificate stating that the property is suitable for living (certificado segundo ocupación or certificado primero ocupación)
- copy of the owner's passport
- property insurance.
2. Next, we obtain a tourist license by collecting and processing all necessary documents for it.
3. We sign a cooperation contract with the property owner.
4. Then we visit the property for inspection to ensure it is ready for rental. The rental department has a clear list of mandatory items that must be present:
- kitchen appliances
- utensils
- kitchenware
- cleaning supplies in the kitchen and bathroom
- furniture
- bedding
- towels, etc.
5. What are the costs of our services and what is included?
Our commission is 22% of the monthly income throughout the contract period.
Any additional expenses?
This includes purchasing the mandatory set (soap, shower gel, cleaning supplies, sponges, etc).
6. If the owner decides to stay at their property, how far in advance should they book their accommodation?
The owner can stay at their property whenever they want.
But they must inform us, the property management company, before buying tickets so that we can reserve those dates.
7. Who is responsible for paying utility bills and taxes?
It is the property owner's responsibility.
However, this is made easy because immediately after purchase, our lawyer sets up automatic payments for electricity, water, communal fees, and property tax. Only for non-resident income tax, a tax declaration needs to be submitted once a quarter. Professional lawyers, whom we recommend, handle this.
To monitor timely payment of electricity and water bills, you can create an online account. We provide detailed instructions on how to do this to all clients purchasing property through us.
8. Is there company support in case of emergencies (e.g., internet outage or power failure)?
Yes, our company handles all situations. It's worth noting that insurance works particularly well here.
9. Is property insurance mandatory?
Yes! It works and significantly saves property owners money.
10. What is the profit from renting out properties?
On the southern coast of the Costa Blanca, the net profit from renting out ranges from 5 to 7% of the property's value per year. Additionally, the property's value increases over time.
11. Can you highlight the most sought-after areas for rental?
Typically, these are gated complexes with a pool and green areas. Standalone villas near golf courses are in high demand. However, small apartments in the city center are also popular.
12. What would work better? Two apartments for 50,000 euros each or one apartment for 100,000 euros?
In terms of profitability, it would be almost the same. But the management costs for two apartments would be slightly higher.
13. If a client bought a property from another company, can they turn to our property management company to rent out their property?
Yes, of course. In that case, the cost of our services would be 25% of the income received.
14. Why use a property management company when you can rent out your property yourself?
There are clear advantages:
- the property management company handles everything;
- experienced professionals work in the company;
- the company utilizes many international advertising platforms to attract clients;
- the company is constantly seeking new opportunities to enhance its service.
15. How can you monitor the property management company's work?
In our company, it's simple. We have a special program and a custom mobile app where all owners can see all bookings, prices, and various details. Full control is ensured.
See you in our rental department!
