Letting out my property

Best of luck with all of the official paperwork and regulations never mind the income tax.

Thanks Andy 

Always useful to hear realistic information !

John

Hi John,

I am no expert at this but I can share what I have learned.  I did let a room in my house the first year I was here on AirBnB.  I decided it wasn't for me although I met some lovely folks.  You do have to be fairly organized, ready to do alot of washing and cleaning (particularly in this new age we live), report each let to the authorities (but that is not too difficult) and of course pay tax on your earnings.  As a Non Resident you may find that about 24% but please speak to an accountant to verify this as there would be expenses.  As you are not in Spain all the time you would of course have to hire someone to manage the process.  Lots of people do that in Spain and lots of them are making money.  Just a bit more complicated now.

As for letting long term from what I have learned you would definitely not want to pursue that without professional assistance.  There are all sorts of rules to protect tenants (which is great) but you do not want to find yourself in a situation where you cannot get a person out.  Lots of people rent for part of the year so that the owner themselves can stay when they wish.  This is very common but if I were you I would talk to a bunch of professionals in your area and get as much advice as possible.

It may not be an immediate cash cow but given how many are doing just what you wish to do over the long term, if you set things up right at the beginning and do not try to cut corners (just not wise in Spain) then you should be able to make things work out with a financial gain.  There are alot of different types of organizations and people providing a variety of services like this in Spain.  I am sure you can find plenty local to you.

Good luck! 

Hello, John.

We are looking for "long-term rentals", in this area, that will allow our two Staffordshire Bull Terriers. We have looked at sites such as Competa Properties, Idealista, Think Spain, to name a few. Is the one-bed apartment the one you intend to let-out, or is it another ?? If you have any details/pictures, etc could you e-mail them to us at [email protected] and, maybe, we could come to a mutual arrangement. Many thanks, Diane and Nigel, Rhondda, South Wales ( 00441443268111 or 00447810461143).

Hello Diane and Nigel 

Thanks for your reply to my message . I appreciate your request but this is all very new to me ! I only completed on the apartment last week ! And am going out there in 16 th to stay there for the first time . I don’t think I’ll be doing long term lets as I have really bought it for use by family and friends. However I do need to cover my costs so I will be doing letting in some  form or another . Maybe you might need a short term holiday let if you need to go out there and have a look for somewhere that would suit you . Perhaps I could help with that . It’s on an Urbanization called Oasis de Capistrano in Nerja . Not sure about dogs - but not ruling it out -my daughter had trouble finding rented accommodation because of having a dog so I don’t like to exclude !! If  there’s anything in this that is if interest I could send you some photos 

Best

john 

Many thanks, John, we were due to come out the first week of May and the last week of September - to have a good look around, but have had to cancel because of the travel restrictions - as we both work in the NHS, so could not justify having to spend 14 days, at a time, in isolation - so we had to book a "staycation". We have booked to come out in January, so fingers crossed we will be able to make it then !! We have been to Torrox Costa several times and plan to sell-up and rent long-term, if possible. I believe we may get lucky, but may have to go a little bit inland, as everything on the coast will be shorter-term lets. Best wishes, for your venture and "you never know", we may get in touch to see how you are fixed for the dates !! Regards, Diane and Nigel.

Just to mention, I have a friend with two dogs and she has rented 4 different apartments since i have known her.  She seems to have no problem.  3 of those have been on the Coast and one inland a bit.

Good luck!

Did your friend rent via one of the Estate Agents, that I mentioned - Idealista, Competa Properties, etc....there does "seem" to be quite a few to choose from, it is just finding the right one !! Best wishes, Diane and Nigel.