The island of Tenerife is one of the most popular tourist destinations in Spain and around the world.
Every year, millions of tourists come to this beautiful island to enjoy the sun, sea, nature and entertainment.
Many of them prefer to rent apartments or apartments instead of staying in hotels. This gives them more freedom, comfort and savings.
If you own an apartment in Tenerife, you can earn a good income by renting it out to tourists.
However, it is not as simple as it seems. Renting an apartment on your own in Tenerife comes with many challenges and stresses that can ruin your life and business.
In this article, we'll cover some of them and how you can avoid them by hiring a professional property management company.
What are the problems we face when renting apartments in Tenerife.
Renting an apartment on your own in Tenerife requires a lot of time, effort, knowledge and skills from you.
You must do the following tasks:
- Advertise your apartment or apartment on various platforms and sites such as Airbnb, Booking.com, Agoda, TripAdvisor, Vrbo, Idealista and others.
- You must create compelling listings, choose the right keywords, photograph and describe your property, respond to questions and reviews from potential and actual guests, and update pricing and availability.
- Handle reservations, check-in and check-out of guests.
- You must monitor the reservation calendar, confirm or decline requests, and communicate with guests by phone, email, or instant messenger.
- Agree on the time and method of check-in, organize a transfer, meet guests, show them an apartment or apartment, hand over keys, sign contracts, take deposits and payments.
- Ensure cleanliness and order in the apartment or apartment.
- You must clean the accommodation after each guest, change bed linen and towels, wash dishes, take out the trash, check the functionality of household appliances and plumbing fixtures.
- Repair or replace broken things, buy consumables such as toilet paper, soap, shampoo and others.
- Comply with laws and tax obligations. You must register your apartment or apartment with the relevant authorities, obtain a rental license, keep records of income and expenses, pay taxes and fees, collect and store guest data, comply with safety and hygiene rules, respect the rights and interests of neighbors and the community of owners.
As you can see, this is a rather complex and demanding process that requires a lot of attention, organization and discipline from you.
In addition, you are at risk of encountering problems such as:
- Low load and long downtime. You cannot guarantee that your apartment will be booked 100% or even 50% of the time. It depends on many factors, such as seasonality, competition, demand, prices, reviews and others. You could lose a lot of money if your home sits empty for most of the year.
- Problems with guests. You cannot control the behavior and habits of your guests. They may be impolite, noisy, dirty, not paying on time, damaging your property, stealing things, breaking rules, complaining about everything, demanding compensation or money back, leaving bad reviews and more. You must be ready for conflicts, disputes and claims.
- Problems with law and taxes. You must be aware of and comply with all laws and regulations that govern the rental of apartments or apartments in Tenerife. You must pay all taxes and fees that are due to you. You must collect and store all data and documents that you require. You should be prepared to face inspections and fines if you violate any of these.
All these problems can cause you a lot of stress, nervousness, frustration and fatigue. You may lose interest and motivation in your business, as well as your quality of life. You may feel lonely and unhappy if you don't have support and help from other people.
Solving problems with renting apartments in Tenerife
Is there a way out of this situation? Of course have!
You can transfer all your problems and worries to a professional management company that will take care of everything for you.
Management Company — is an organization that specializes in renting apartments or apartments in Tenerife.
In addition to searching for potential clients, the management company organizes advertising, booking, check-in/check-out, cleaning, maintenance and repair or replacement of furniture, legal support and other assistance.
The management company provides you with the following benefits:
- You save your time and effort.
- You don't have to spend hours and days on advertising, booking, check-in, cleaning, repairs and other tasks.
- You can do your favorite things, work, family, hobbies, travel and more.
- You can be calm and happy, knowing that your apartment or apartment is in good hands.
- You increase your income and reduce your expenses.
- The management company uses its experience, knowledge and resources to increase the occupancy and value of your apartment or apartment.
- She knows how to attract and satisfy guests, how to optimize prices and special offers, how to improve the quality and comfort of accommodation,
how to reduce costs and risks.
- You can make more profit than if you rented out on your own.
- You maintain your control and transparency. The management company does not take ownership and decisions away from you.
- You can always be aware of what is happening with your apartment or apartment.
- You can always have online access to the list of reservations and arrival schedule, you can close dates for sale,
where you want to come on vacation yourself.
- You can always contact the management company and discuss any questions or wishes.
- You receive professional support and protection. The management company provides you with legal, tax, technical and other assistance.
- She knows and complies with all laws and regulations that apply to the rental of apartments or apartments in Tenerife.
- Maintains all records and documentation, pays all taxes and fees, collects and stores all guest data and documents.
- Protects you from scammers, vandals, unscrupulous guests and other problems.
- As you can see, the management company is your reliable partner and assistant in the business of renting out apartments, villas, houses or apartments in Tenerife.
- Allows you to take the stress, hassle and worry out of renting yourself.
- Allows you to enjoy your own autonomous business that operates under your complete control.
- Allows you to receive a stable and high income from your apartment or apartment in Tenerife.
How to choose a management company for renting apartments in Tenerife
If you decide to use the services of a management company to rent out apartments in Tenerife, you must be careful and thorough when choosing. Not all management companies are equally good and reliable.
You should consider the following factors:
Reputation and experience.
You should choose a management company that has a good reputation and long experience in the rental of apartments in Tenerife.
You should check reviews and recommendations from other owners and guests who have used her services.
You should find out how long she has been on the market, how many apartments or apartments she manages, what results she shows.
Terms and prices.
You must choose a management company that offers you favorable and transparent conditions and prices.
You must clearly understand what services it includes in its package, how it forms its commission, how it distributes income and expenses, how it calculates and pays taxes and fees, how it concludes and terminates contracts.
You should compare different offers and choose the one that suits you best.
Communication and accessibility.
You should choose a management company that provides you with high-quality and timely communication and availability.
You should be able to contact her through any channel that is convenient for you: telephone, email, instant messenger,
social networks and others. You should receive regular reports and notifications from her about the condition of your apartment or apartment,
about bookings and arrivals, about income and expenses, about problems and solutions.
You should feel like she is always available and ready to help you.
