Anyone know best way to promote apartment for rental near Marbella?

Question

I have just invested in a property (2 bed luxury apartment) in Benhavis near Marbella and Puerto Banus. Looking for advice from someone with experience of renting/investing in property in this area?

Answer 1

Lots to consider! Firstly, if you are worried about who will use the apartment, sometimes best to leave it in the hands of someone local. Secondly, there is of course the internet or local paper. This will probably generate quite a good response but obviously you don't always get the opportunity to see who is actually going to your apartment. One word of warning, Spanish laws (I believe introduced last year) state that all rental properties must be registered. Failure to do so could result in a 90,000 euro fine if caught. Also, if you have problems, say with someone who has rented trashing the place, you may not have any comeback with your insurance company unless they are told the place is to be rented. At the same time, if you reported it to the police, they would be asking you questions as to whether the property was registered and if not.....ummm! Also, anyone found looking after the property who is not registered legally, could be fined up to 6000 euros. This information was gained from one of our local newspapers here in Spain just a few weeks ago and it has certainly been a talking point amongs many English people who have rental properties. So much information is put out over here though and often by people looking after their own interests, such as "rental" companies. I would suggest that if you want to go about this seriously, you talk to a good Spanish lawyer. Hope haven't dampened your enthusiasm....its just that people often think that many Spanish laws can be flaunted and the powers that be here aren't stupid and are gradually cracking down on many issues. Good luck and if all else fails...come over yourself!

Answer 2

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Answer 3

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