How to Rent My Property in Barcelona

Before you do anything, you should ask yourself whether you want to rent your apartment as a short-, mid-, or long-term rental. Short-term rentals will typically attract tourists, business travellers, and just about anyone who only wants to stay for a maximum of a few weeks.

 

Short-term rentals can ask for a more effective rent overall, but the changeover expenses can make the resulting profit worse than other options.

 

 

What’s more, tenants are more likely to treat your property as a hotel so that you might deal with damages. Monthly rentals seems like the logical solution, but it also has its problems. While it’s a great way to get a stable income, many tenants will be looking for the lowest rent possible, making the initial search for tenants difficult.

 

What’s more, while changeover fees won’t be a big issue, you will have more responsibilities as your property will become a long-term home.

 

This renting also makes your property inaccessible to you often for years to come, which might not be practical for most landlords. The best of both worlds is mid-term renting. While it provides the stability of long-term rentals, giving you a regular income for up to a year, the changeover fees are far lesser, and you can still use your property occasionally.

 

What’s more, if you sign up for a service like Flatio, you will gain access to a well-paying international market, making your property vacant no more.

Equipping your rental is costly, but it’s necessary to attract certain types of tenants. While long-term renting might be better with minimal to no equipment (safe for essentials like a kitchen and such), mid-term and short-term rentals, need to be specialized.

 

Tourists and digital nomads will need a place to cook and maybe a workplace, a steady WiFi connection, and good security.

 

Also, getting a good lock on the door is paramount if you don’t want your tenants to enter certain rooms. Overall, when equipping your property, think about what sort of tenants you want to attract and what they might need. A unique piece of equipment here and there can make you are rental stand out.

Renting out property in Barcelona is simple. You need a special licence if you want to let your property for less than twelve months, but any long-term renting can go without it. The lease is automatically renewed every year for up to five years, but if the tenant wants to leave before the year ends, they have to pay the rest of the year’s rent. Also, if you sign up with an estate agency, the tenant will pay the fees.

 

Overall, while there are solid protections for both tenants and landlords, renting out your property is friendly and straightforward.