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Hi my name is Ellie & we are in the process of buying a 3 bed single storey villa in El Galan. Our plan is to rent it out for a year or two as sadly we can’t retire just yet.
We were wondering whether to rent out long term or as a holiday let & would welcome & advice or suggestions anyone may have.
We need to do a bit of a tidy up to it, pool surround needs work & couple of tiles to replace on terrace but a good basis to work from.
Thank you
Ellie
Posted: Wed May 9, 2018 9:54pm
Hi Ellie my name is minty .I do all kinds of building work .and my wife is a cleaner and key holder for holiday let's e.c.t also there a lot more in the holiday sector .so drop me a message if you need anything .many kind regards
Posted: Thu May 10, 2018 11:10am
Legendary helpful member
Hi
Here's an easy to follow guide on registering a holiday let. https://www.spain-holiday.com/rentalbuzz/holiday-rental-licences-in-the-valencian-community
If you do long-term then there are several rental agencies in the area crying out for properties. Best to have a chat with a couple and ask loads of questions. Remember that if you let long-term then you can't use the property yourself at all and the tenant has a lot of rights.
If you go down the holiday let route then you can also use the property yourself for a few weeks each year in low season. You can handle all the advertising and bookings yourself and use a local keyholder/cleaner service (make sure they are a legally registered as a business or self-employed and insured) .
You will need specialist rental and public liability insurance either way and there are UK companies that offer that so your policy is in English.
Whatever you decide, enjoy your new home!
Bev
Ellie5758 wrote on Wed May 9, 2018 8:25am:
Hi my name is Ellie & we are in the process of buying a 3 bed single storey villa in El Galan. Our plan is to rent it out for a year or two as sadly we can’t retire just yet.
We were wondering whether to rent out long term or as a holiday let & would welcome & advice or suggestions anyone may have....
Read more...
...
We need to do a bit of a tidy up to it, pool surround needs work & couple of tiles to replace on terrace but a good basis to work from.
Thank you
Ellie
Be very careful if you do long term if they stop paying it can be a nightmare and they have more rights than you!
Posted: Thu May 10, 2018 10:44pm
Operate as holiday Let and run it yourself. It is easy to run avoid so call management agency. Make sure it is registered with tourist board and pay the 19 percent tax on your takings that is it, Plus your Public liability insurance, you are good to go. Avoid long term let, anything over 11 months. Beware you'll come across the Good, the Bad and the Ugly in Spain like any where else but they seem to be a lot of them in Spain all attracted by the sun.
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Posted: Fri May 11, 2018 7:42am
Minty68 wrote on Wed May 9, 2018 9:54pm:
Hi Ellie my name is minty .I do all kinds of building work .and my wife is a cleaner and key holder for holiday let's e.c.t also there a lot more in the holiday sector .so drop me a message if you need anything .many kind regards
Hi Minty
Thank you I will bear you in mind.
Posted: Fri May 11, 2018 7:43am
Davebev1 wrote on Thu May 10, 2018 11:10am:
Hi
Here's an easy to follow guide on registering a holiday let. https://www.spain-holiday.com/rentalbuzz/holiday-rental-licences-in-the-valencian-community
Read more...
If you do long-term then there are several rental agencies in the area crying out for properties. Best to have a chat with a couple and ask loads of questions. Remember that if you let long-term then you can't use the property yourself at all and the tenant has a lot of rights.
If you go down the holiday let route then you can also use the property yourself for a few weeks each year in low season. You can handle all the advertising and bookings yourself and use a local keyholder/cleaner service (make sure they are a legally registered as a business or self-employed and insured) .
You will need specialist rental and public liability insurance either way and there are UK companies that offer that so your policy is in English.
Whatever you decide, enjoy your new home!
Bev
Thanks Bev that's the sort of information I was looking for. Sadly, we're both still working can' wait to come over but need to my the place earn it's keep until we can.
Posted: Fri May 11, 2018 7:47am
Ada wrote on Thu May 10, 2018 4:16pm:
Be very careful if you do long term if they stop paying it can be a nightmare and they have more rights than you!
Hi Ada that puts a different complexion on it, I rented my house out here in England when I moved in with my partner. Had horrendous problems with squatters, thought it would be different in Spain maybe I was wrong. Thank you
Posted: Fri May 11, 2018 7:52am
Joe90 wrote on Thu May 10, 2018 10:44pm:
Operate as holiday Let and run it yourself. It is easy to run avoid so call management agency. Make sure it is registered with tourist board and pay the 19 percent tax on your takings that is it, Plus your Public liability insurance, you are good to go. Avoid long term let, anything over 11 month...
Read more...
...s. Beware you'll come across the Good, the Bad and the Ugly in Spain like any where else but they seem to be a lot of them in Spain all attracted by the sun.
Thanks Joe90 going by the other comments I think you are right. Holiday let it is we will need a good reliable cleaner. We stayed in an apartment when we came over last time the lady who met us was brilliant will give her a ring. We are due to complete middle of June so will be over then for two weeks. We have waited years for this can't wait.
Posted: Fri May 11, 2018 2:19pm
Always be alert and Enjoy Spain.
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