The Ibiza holiday rental sector is booming and because of this, you are might considering renting out your property, which is an excellent way to make the most out of your investment! But there are few things your should consider first. Make sure to have all the required paperwork, as well as kitting out the property and arranging the practical things like organising changeovers. Leave these things too late and you’ll miss out on the most profitable time of the year – the summer! Here is how we can help you, weather you are thinking to rent out your home as a holiday let in Ibiza.
Register your property for tourist rentals
In July 2019 a new law changed the rules concerning the rental to tourists on the island. All properties are required to have a licence or authorisation from the local council in order to be let legally to holidaymakers. Being caught in breach of this rule could lead to a heavy fine – which can range from €3,000 to €30,000. But be assured as we can advise you and help along the process to obtain a tourist licence.
Declare your rental income
Keep in mind that even if you are not a resident of the island, you are obliged to declare your rental income and you need to submit this on a quarterly basis. We will provide the full amount of income so that you don’t need to worry and we could pass this directly to your accountant.
Present your property well
We will take charge of all the marketing materials, we will hire a professional photographer to take really good photos of your property, presenting it nicely on our property listing, as well as hire a videographer to make an attractive video of your villa. You can see examples on our Youtube channel. Once guests will arrive at the villa, they will find a very clean and tidy home. Cleanliness is paramount and tourists from all over the world expect high standards.
Offer a welcome pack
We want our guests to feel welcome, that’s why we offer a welcome pack with local produce. A basket of essentials is always welcome – olive oil, snacks, salt, bread, jam, water and organic wine.
Provide information about the local area
We have been working on a comprehensive island guide, featuring the best restaurants, local markets, traditional fiestas, cultural events, sports and pretty beaches. All guests will find a copy on their arrival and if they like it they can always download it directly from our website!
Want to rent rent out your home as a holiday let in Ibiza? Contact us now.