Home RSS
Real Estate

Short Term Rental Is Better Than Long Term For Many Overseas Investments

Property Report
Short Term Rental Is Better Than Long Term For Many Overseas Investments - property investment - rental property - analysis

The recession has forced many overseas property owners to rent out their holiday homes rather than keep it for themselves. With low costs flights from most major European cities, Stephen Anderson, Managing Director of Infinito Real in Portugal believes the short term rental market is a fantastic opportunity to generate income to help with the running costs of an overseas investment, as long as it’s done properly.

Stephen, comments “in an area like Portugal, especially the Algarve, rentals are instrumental in most people’s decision making when purchasing a property. However, my advice to those looking to purchase an overseas buy-to-let or considering renting out their existing property, is to stick to short terms lets and follow these steps:

1. Pick a reputable managing agent – If you are not always there to keep an eye on your property, it is important to choose an agent that you have confidence in to manage the running of your property. There are always numerous rental companies offering varying degrees of services and although many will be fantastic at making sure a property is kept well maintained and that rent is paid, the opposite is also true. It’s vital to make the right decision where both the condition of your property is maintained, but also to ensure their marketing strategies attract enough rental clients to generate income that will cover the bills and mortgage. Choose a company that will be transparent with rental income and the split between management costs and you the owner. Ask them for a monthly income and expenditure report to ensure you are up to date with your property.


Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.