Rental Management Companies

If you are considering buying a property in Spain or in fact already own a property, you should be aware of the importance of a professional management company.

The Benefits

Owners have bought for many reasons, such as main residence, second home, holiday home and investment, or investment for rental purposes. Whatever reason you have bought or are buying, a management company will offer a full independent management service to your property.

If you are not able to be there for the completion of your property, some management companies can control everything for you for example, furnishing the apartment and industrial cleaning in preparation for receiving the furnishings. The company may also offer you assistance in furnishing your apartment or villa and offer a complete furniture pack that includes everything for the apartment or villa including the terrace and kitchen.

Typical Charges

Most management companies will provide the following services for you:

• Use of their office for attention to all of your requirements including telephone calls and fax service (charges may apply for time used), advice, problem solving, messages and some offer their address as a postal service address.
• If you require urgent bills to be paid or paperwork dealt with they will provide you with a quote on request.
• Property / Rental management
• Property furnishing packages
• Car hire - they will organise car hire for you, friends & family or rental clients.
• Airport Collection or drop off service
• Excursions
• Key holding - keys can be left with the company to be given upon your request to specified people or rental clients.
• Property checks - your property can be checked periodically or after storms if and where necessary or upon request.
• Laundry and cleaning services - prices available upon request.
• Gardening and pool services - quotations available upon request.
• Maintenance and building works - quotations available upon request.

Typically, a rental agency will charge around 15% of the rental income. This covers their costs etc. in advertising your property and ongoing rental of the property.

There is no charge for you to let your own apartment, to say, family or friends. The rental agency will simply organise the cleaning and managing of the apartment. This is a great incentive for owners to let it through their own network of family and friends.

Cleaning is done very similar to a hotel service, with beds changed and bath and hand towels left on each bed ready for the next occupant. The typical charge for a 2 bedroom apartment is €36 euros plus laundry costs, which averages about €15 euros.