Want To Rent Your Puerto Banus Property? Accessibility is key

For those of you who are considering renting out your property in the Marbella area for a long term contract (11 months), it is imperative that the listing agent you choose has easy access to your keys. On occasions the owner opts for a third party key holder and whilst this is fine when the residence is empty, when it needs to be shown quickly, it can prove problematic.

There are many prospective renters about at the moment, but clients can often phone an agency and want to view properties immediately. If access can´t be gained, then clients will simply view what they can get immediate entry to. Straight away you have lost out on tenants.

In some cases key holders can be deliberately difficult, as if the property is rented they may not get their residual maintenance fee. Now, that is certainly not always the case and there are many excellent key holders out here in the Marbella area that really do have their owners interests at heart. There are also some bad apples, so listen to what your agent has to say about how easy it is to contact the keyholder and how willing they are to turn up on the spare of the moment.

NB Make sure you vet keyholders and agents very carefully.

If you want to rent out your property in Puerto Banus or anywhere in Marbella, click here and fill out the form so we can discuss how we can help you.

Long Term Renting Your Property in Puerto Banus Marbella

There was a massive influx of investors buying properties a number of years ago on the Costa Del Sol. A gold rush mentality certainly existed from 1999-2001 and houses flew off the shelves, often 2 at a time from the same buyer. Rightly or wrongly, they were advised to double up and perhaps sell one, and with the profit they made they would end up being mortgage free. We know what happened shortly after that period.

Long Term Rentals Can Help Cover Your Expenses

For people who have over exposed themselves, long term renting can be a way of mitigating your outgoings and allowing you to cover the monthly costs you are liable for. Mortgage payments, community fees, yearly taxes etc will continue to leave your account regardless. Rentals can certainly get you some income to cover the majority, if not all of your costs.

What Expenses Will I be Liable for?

You will be liable for community fees and all of your yearly taxes. You will also be liable for maintenance, as long as it isn´t caused by your tenant doing something ridiculous. The good news is that the tenant will pay the electricity, water bill, phone bills so all the standard monthly outgoings will be signed over to the renters name.

Commission Charged By Agencies

For agencies specialising in Marbella long term rentals, standard fees would be 1 months rent. Anyone whose commission exceeds this for an 11 month rental just isn´t being competitive. Generally for 6 month rentals, 50% of the first months rent would be taken. Agents often work together, using a MLS (multi listing service) platform, so if two agents were involved in getting a rental for your property, they would split the commission between them.

Finding Long Term Rentals in Puerto Banus

The Puerto Banus area proper is everything directly on the beachside of the road as you enter from the N340. Many people class properties on the other side of the road as being within the Banus area, but in actual fact that is not correct. There are several well known developments in Puerto Banus and with this blog I will try to give you a good insight into what developments are available for you to make your job easier when looking for Puerto Banus long term rentals.

Your Budget

This is an important part of establishing what sort of thing you are looking for, as to be directly in the marina area the least you will pay for a property per month with be around the €700. That would be in one of the older buildings directly on the Marina. Be aware that unless the apartment in this development has really good double glazing, you need to be prepared for some noisy nights, particularly in the summer time, where bars literally go on until 5 in the morning.

Marina Banus

A more prudent option may be the development of Marina Banus, situated opposite El Corte Ingles and therefore away from the bars and restaurants. You may have to dig pretty hard to find a property under the €800 mark, but if you look hard enough they do come up from time to time. Our company does currently have a Marina Banus long term rental, it is however a 1 bedroom property.

I will contiue to give further information on pricing and also the various places to rent in Banus, at all levels and budgets. I have lived and worked in the area for over 8 years, so hopefully you will find my insights valuable in helping you in your search for your ideal rental property.