longterm letting 2 bed apartment how much per month?

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This topic contains 3 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 8 years, 6 months ago.

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  • #54054
    Profile photo of Anonymous
    Anonymous
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    Hi,

    I have a 2 bed apartment in an upmarket urbanisation called Zenaimar in south costa blanca, orihuela costa. Thinking of letting it out on longterm lettings – I would be grateful for pointers with regard what to charge per month. It is 5 mins by car to beach, can walk to shops restaurants. Lovely well maintained gardens, comes with large solarium overlooking pool area and has sea views. I would be grateful for any advice.

    Angela

  • #83783
    Profile photo of Anonymous
    Anonymous
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    450.00€ a month plus water & electricity bills seems to be the norm here in my experience.

  • #83785
    Profile photo of Anonymous
    Anonymous
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    angela wrote:
    Hi,

    I have a 2 bed apartment in an upmarket urbanisation called Zenaimar in south costa blanca, orihuela costa. Thinking of letting it out on longterm lettings – I would be grateful for pointers with regard what to charge per month. It is 5 mins by car to beach, can walk to shops restaurants. Lovely well maintained gardens, comes with large solarium overlooking pool area and has sea views. I would be grateful for any advice.

    Angela[/quote

    Angela , I do not know if you have any experience of letting long term, but be very careful . The law on letting favours the tenant , if they fall behind with the rent , it can take up to 6-9 months to get them out. As usual there are very good laws in place and legally it should only take two months, but as usual the interpretation of the law is a bit of a lottery. I know of people who go around renting a place paying a couple of months then not paying , so at the end of the day they pay about 3 months rent for a one year occupancy.

    There is a government scheme that guarantees the rent then of course this could lead to tax complications.

    Some agents say they vet tenants before allowing them in, this usually means as long as they have their commissson the clients are ok.

    Cleanliness, I did lettings for a while for an agent and hated it, some people would be better off in pig sties than somewhere that could be a home. Although I did have a couple of clients who were absolutely fantastic, did a lot of improvements to the house and garden,,paid the rent early kept the property spotless. Would say people like that are about 10%, you may be lucky or not.

    Take two months deposit and make sure the tenancy agreement is watertight.

    Good luck.

  • #83786
    Profile photo of Anonymous
    Anonymous
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    hi,

    thanks for the last reply – I’m not 100% sure whether to rent it or not for what you get it cover about 1/4 of the mortgage. Have had place for 3 years and haven’t let it before and really do love the apartment. Thanks for the advice – it is food for thought. I also have very nice neighbours so don’t want to fall out with them!

    Angela

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