General steps for renting your property
It can be an excellent investment opportunity renting out your property. However, before you start renting, there are a few important steps you should take to ensure a smooth process. In this guide, we’ll walk you through the general steps for renting your property in Torrevieja, including how to prepare your property, find tenants, and manage your rental.
Obtain a Tourist License:
To legally rent out your property to tourists, you will need to obtain a Tourist License. This involves applying to the City Hall for a document allowing you to rent your property as tourist accommodation. You will need to provide proof that your property meets certain safety and quality standards.
Advertise your Property:
Once you have your Tourist License, you can begin advertising your property to potential renters. You can use online platforms like Airbnb or Booking.com, or advertise through a local estate agent.
Screen Potential Renters:
Before renting out your property, it’s important to screen potential renters to ensure they are trustworthy and reliable. You can ask for references, review their rental history, and use online booking platforms that allow you to check renters’ ratings and reviews.
Sign a Rental Agreement:
Once you have found a suitable renter, you will need to sign a rental agreement that outlines the terms and conditions of the rental. This agreement should include details such as the rental price, length of stay, and any other important information.
Collect Payment:
You will need to collect payment from the renter, either through the booking platform or directly from the renter. Be sure to specify your payment terms in the rental agreement.
Prepare the Property:
Before the renter arrives, you will need to ensure that the property is clean and ready for their stay. You should also provide basic amenities like towels and linens.
Hand Over the Keys:
On the day the renter arrives, you will need to meet them at the property and hand over the keys. Be sure to give them a tour of the property and answer any questions they may have.
Manage the Rental:
During the rental period, you will need to manage any issues that arise, such as maintenance or repairs. You should also be available to answer the renter’s questions or address any concerns they may have.
Collect the Keys and Payment:
At the end of the rental period, you will need to meet the renter at the property, collect the keys, and ensure that the property is in good condition. You should also collect any outstanding payment at this time.
