Sell or Rent out ???

Posted: Wed Oct 11, 2017 10:02am

5 replies141 views3 members subscribed

sue8

Posts: 248

29 helpful points

Location: Torrevieja

Joined: 22 May 2016

Hello,

My Husband is being relocated for 1 - 2 years by his employer which he doesn't have a problem with but would mean we cannot visit our apartment as often as we do now. Basically just the normal odd week and maybe 2 weeks summer over the year. What we are wondering is whether we should sell the apartment or rent it out .

Does anyone have any advice or experiences they could share about Estate Agents, Management companies or private letting, long or short term, seasonal. What costs are involved, how much should we charge for property. 1 Bed penthouse but only on second floor.

Any info would be appreciated. We only have Building and Contents insurance as a holiday home at present, so I'm a little worried about damages, thefts, any major problems.

Regards

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Posted: Wed Oct 11, 2017 11:00am

Ada

Helpful member

Posts: 421

234 helpful points

Location: Rojales

Joined: 4 Nov 2016

Posted: Wed Oct 11, 2017 11:00am

Hi If you rent do not do long term only short let as the tennants have more rights than you on long term!

Posted: Wed Oct 11, 2017 11:17am

sue8

Original Poster

Posts: 248

29 helpful points

Location: Torrevieja

Joined: 22 May 2016

Posted: Wed Oct 11, 2017 11:17am

Thank you, very helpful, what would you class as short term? a week , 2 weeks, a month, a couple of months. Reason I ask is because depending on length we need someone to look after/clean the property ect...

Regards

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Posted: Wed Oct 11, 2017 9:12pm

Ada

Helpful member

Posts: 421

234 helpful points

Location: Rojales

Joined: 4 Nov 2016

Posted: Wed Oct 11, 2017 9:12pm

Holiday rentals only not totaly sure but maybe 1 month max

Posted: Thu Oct 12, 2017 1:24pm

cazz67

Posts: 116

35 helpful points

Location: Los Dolses

Joined: 25 Nov 2016

Posted: Thu Oct 12, 2017 1:24pm

sue8 wrote on Wed Oct 11, 2017 10:02am:
Hello,
My Husband is being relocated for 1 - 2 years by his employer which he doesn't have a problem with but would mean we cannot visit our apartment as often as we do now. Basically just the normal odd week and maybe 2 weeks summer over the year. What we are wondering is whether we should sell the apa...

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...rtment or rent it out .
Does anyone have any advice or experiences they could share about Estate Agents, Management companies or private letting, long or short term, seasonal. What costs are involved, how much should we charge for property. 1 Bed penthouse but only on second floor.
Any info would be appreciated. We only have Building and Contents insurance as a holiday home at present, so I'm a little worried about damages, thefts, any major problems.
Regards

Hi

If you contact the insurance company they can alter the use of the home to rented or should be able to.

I know Liberty Seguros have this option, then make sure you have civil liability cover on the insurance, most come as standard but check. Then should someone else injure themselves you’ve the liability cover in place.

Then you are covered.

Also see if you’ve the option for accidental damage? Then your covered for anyone who accidentally breaks something.

Compass in Punta Prima are a legal company that take on rentals for people long and short term.

Sorry don’t have a number but ask for Zoe.