Why you should rent your property
Spain continues to be one of the world’s leading travel destinations. During the first half of 2024, the number of travellers reached a record-breaking 53.4 million.
The Balearic Islands are the first-largest tourism employer, Mallorca being the main destination for international travellers. To cater to the high influx of tourists, the local government and industry stakeholders are exploring new strategies to transform the Balearic tourism industry.
Quality Accommodations
Mallorca is renowned for its ability to provide quality accommodations. Although major hotel chains are present on the island, many travellers prefer the flexibility vacation homes offer. Many locals have found that renting the property as a holiday home can be quite lucrative.
Benefits of renting your home
Steady rental income: Renting your home gives you some economic relief as it is passive income that you can generate without much hassle.
Increase the property’s value: If you decide to sell, the guests can help you pay for your house’s mortgage while its value increases.
Security: Whether you plan on retiring, moving overseas or out of the city, rental income is a security blanket for future investments or unexpected downturns.
Sharing your culture: Sharing your home with tourists while they visit your city and learn about your culture boosts the international perception of the area and its reputation.
Aspects to consider before renting your house.
Having a rental home is not a bed of roses, it’s a laborious task that can be stressful and time-consuming if not managed properly. Here are some important aspects you should take into account before jumping in the pool:
Showcase your property: We recommend scheduling a photoshoot session with a professional who specialises in real estate photography. You should aim to showcase your home’s special features and amenities in the best way possible.
Promote your rental home on all major booking platforms: We know this can be a hassle, but think about it. The competition among owners is fierce and captivating potential guests has become a crucial task to guarantee a year-long occupancy of your property. Choosing the right platform and updating your ad content constantly is worth the effort.
Keep your property in good condition: One of the best ways to improve your reputation is by keeping your property clean and equipped with all the essential amenities your guests might need.
Follow the national and local regulations: The Spanish government is renowned for its demanding regulations for rental accommodations. Make sure that your property abides by all the laws that affect your business model as they change constantly. A good example is the new Royal Decree 933/2021.
Rent your property through a Real Estate Company: Don’t let the requirement overwhelm you. Allow the experts to do the job for you.
We are here for you
At Holiday Travel Channel we are experts in vacation rentals. We take care of the whole journey for you.
We create top-tier marketing strategies for your property, manage your booking process, provide cleaning services, and maintain administrative records.
Do you want to rent your home easily?