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Airbnb Rules All About Airbnb

Denia Airbnb Rules

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    Is Airbnb legal in Denia?

    Don’t worry, Airbnb is legal in Denia! Denia is a delightful cosmopolitan town located along the Mediterranean coastline, where the sun shines almost all year. This place is a historical coastal city in the province of Alicante, Spain, on the Costa Blanca halfway between Alicante and Valencia.

    Currently, there are 9715 Airbnb listings in Denia, with 82% of entire houses earning up to €2,071 a month, 50% managed by professionals, and 50% managed independently. Apart from complete houses, Denia’s Airbnb offerings include 4% of private rooms and 14% of apartments(condos). Average Occupancy Rates in Denia is 37% and average daily rate is €167. According to short-term rental market data source Airbtics, a 2-bedroom apartment in Denia can make up to €15,348 each year.

    denia airbnb rules
    Short-term rental policy in Denia

    – Submit a Responsible Declaration for the intent of STR (tourist accommodation)

    – Required to have an Occupancy License to operate

    Register your short-term holiday rental online or apply in the local office districts

    – Must obtain a VFT number (legal registration) to confirm legal operation of short-term business 

    – Similar to Alicante & Benidorm (Valencian Community)

    Spain’s General Legislations

    A licence to operate is required for: 

    – Short-term detached house rentals with hotel services (B&B).

    – Flats located in building complexes for tourists, where the entire building or complex is used for this service, must be managed by professional service providers.

    A licence is no longer required for:

    – Short-term detached house rentals with no hotel services (cleaning only).

    – Long-term flat or home rentals (for terms over 1–2 months). Flats that are not in tourist complexes can only serve as long-term rentals in regions that don’t issue licences.

    Short-term rental policy in Spain

    –  A Tourist Use House License is required to offer apartments for tourists.

    – No minimum or maximum term for short-term contracts (no longer than 11 months)

    – For non-resident landlord: liable to pay Income tax (25%) 

    Certificate of Occupancy issued when the building is commissioned (Cédula de Ocupación or Cédula de Habitabilidad)

    – Pay rental income tax at a rate of 24% for non-resident

    – The minimum renting period of 12 months. If you terminate your contract before the first six months, you will have to pay the remaining months of the year’s contract– Similar to Madrid, Barcelona, and Valencia 

    how much can you make on airbnb

    Pros and Cons of running Airbnb 

    Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels.  This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

    A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

    airbnb rules

    Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

    Pros

    1. Flexibility – You have the option of renting for days, weeks, or months. You can rent as much or as little as you want. There’s also the possibility of going on a trip at any time and earning money while doing so!

    2. Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.

    3. Earns more money than a long-term rental – It’s simple to calculate: €1500 for a vacation week vs. €1500 per month to rent for a year.

    4. Good Deductions – There are numerous popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utilities are just a few of the costs to consider. You may make a loss and avoid paying taxes entirely if you take enough deductions.

    5. Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.

    6. Less Wear and Tear on the Property – With frequent renters, you can keep up with tiny repairs before they become major issues!

    7. Social Advantages – There are a lot of interesting people in the world, and many of them travel! Your next acquaintances in a Short-Term Rental could evolve into lifelong buddies!

    Cons

    1. Inconsistent payments – If you rely on a stable income, a yearly renter is a much safer option. There’s a chance you won’t have a Short-Term Renter for weeks or months.

    2. Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants don’t.

    3. Increased risk – There is a higher danger of theft, breakage, or problem tenants because of the number of tourists going through your doors.

    4. Requires extra effort – Running a Short Term Rental requires more effort because you are the innkeeper. You’ll be in charge of collecting money, scheduling clients, and bringing in tenants. You’ll do it every week instead of every 5 years or so!

    5. Additional maintenance expenses – As the landlord, you are responsible for housekeeping, pool maintenance, and general upkeep. Not always the case with a long-term renter.

    6. Some HOA – Managed neighborhoods make it tough and complicated to rent short-term Rentals. People prefer comfortable, peaceful surroundings where they feel safe and know everyone, rather than random strangers coming and going at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.

    Conclusion

    If you’ve made it this far, you’re thinking of starting an Airbnb.

    We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

    You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as 

     – which neighborhood to target, 

     – which amenities are in high demand, 

     – what is the market’s historical performance, 

     – what are the occupancy rates of a two-bedroom house, 

     – should I do a two-bedroom house or a three-bedroom house? 

    Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.

    search tab
    Airbtics
    Categories
    Airbnb Rules All About Airbnb

    Benalmadena Airbnb Rules

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      Is Airbnb legal in Benalmadena?

      Don’t worry, Airbnb is legal in Benalmadena! Benalmadena is one of the most popular holiday resorts on the Costa del Sol of Spain, with a variety of tourist attractions, including Tivoli World, Selwo Marina, Sealife Aquarium and a popular cable car as well as it’s fabulous beaches.

      Currently, there are 13625 Airbnb listings in Benalmadena, with 73% of entire houses earning up to €2132 a month, 50% managed by professionals, and 50% managed independently. Apart from complete houses, Benalmadena’s Airbnb offerings include 8% of private rooms and 19% of apartments(condos). Average Occupancy Rates in Benalmadena is 48% and average daily rate is €129. According to vacation rental market data source Airbtics, a 2-bedroom apartment in Benalmadena can make up to €19,752 each year.

      benalmadena airbnb rules
      Short-term rental policy in Benalmadena

      – Submit a Responsible Declaration for the intent of STR (tourist accommodation)

      – Required to have an Occupancy License to operate

      Register your short-term holiday rental online or apply in the local office districts

      – Must obtain a VFT number (legal registration) to confirm legal operation of short-term business 

      Spain’s General Legislations

      A licence to operate is required for: 

      – Short-term detached house rentals with hotel services (B&B).

      – Flats located in building complexes for tourists, where the entire building or complex is used for this service, must be managed by professional service providers.

      A licence is no longer required for:

      – Short-term detached house rentals with no hotel services (cleaning only).

      – Long-term flat or home rentals (for terms over 1–2 months). Flats that are not in tourist complexes can only serve as long-term rentals in regions that don’t issue licences.

      Short-term rental policy in Spain

      –  A Tourist Use House License is required to offer apartments for tourists.

      – No minimum or maximum term for short-term contracts (no longer than 11 months)

      – For non-resident landlord: liable to pay Income tax (25%) 

      Certificate of Occupancy issued when the building is commissioned (Cédula de Ocupación or Cédula de Habitabilidad)

      – Pay rental income tax at a rate of 24% for non-resident

      – The minimum renting period of 12 months. If you terminate your contract before the first six months, you will have to pay the remaining months of the year’s contract– Similar to Madrid, Barcelona, and Valencia 

      how much can you make on airbnb

      Pros and Cons of running Airbnb 

      Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels.  This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

      A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

      airbnb rules

      Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

      Pros

      1. Flexibility – You have the option of renting for days, weeks, or months. You can rent as much or as little as you want. There’s also the possibility of going on a trip at any time and earning money while doing so!

      2. Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.

      3. Earns more money than a long-term rental – It’s simple to calculate: €1500 for a vacation week vs. €1500 per month to rent for a year.

      4. Good Deductions – There are numerous popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utilities are just a few of the costs to consider. You may make a loss and avoid paying taxes entirely if you take enough deductions.

      5. Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.

      6. Less Wear and Tear on the Property – With frequent renters, you can keep up with tiny repairs before they become major issues!

      7. Social Advantages – There are a lot of interesting people in the world, and many of them travel! Your next acquaintances in a Short-Term Rental could evolve into lifelong buddies!

      Cons

      1. Inconsistent payments – If you rely on a stable income, a yearly renter is a much safer option. There’s a chance you won’t have a Short-Term Renter for weeks or months.

      2. Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants don’t.

      3. Increased risk – There is a higher danger of theft, breakage, or problem tenants because of the number of tourists going through your doors.

      4. Requires extra effort – Running a Short Term Rental requires more effort because you are the innkeeper. You’ll be in charge of collecting money, scheduling clients, and bringing in tenants. You’ll do it every week instead of every 5 years or so!

      5. Additional maintenance expenses – As the landlord, you are responsible for housekeeping, pool maintenance, and general upkeep. Not always the case with a long-term renter.

      6. Some HOA – Managed neighborhoods make it tough and complicated to rent short-term Rentals. People prefer comfortable, peaceful surroundings where they feel safe and know everyone, rather than random strangers coming and going at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.

      Conclusion

      If you’ve made it this far, you’re thinking of starting an Airbnb.

      We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

      You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as 

       – which neighborhood to target, 

       – which amenities are in high demand, 

       – what is the market’s historical performance, 

       – what are the occupancy rates of a two-bedroom house, 

       – should I do a two-bedroom house or a three-bedroom house? 

      Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.

      search tab
      Airbtics
      Categories
      Airbnb Rules All About Airbnb

      Granada Airbnb Rules

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        Is Airbnb legal in Granada?

        Don’t worry, Airbnb is legal in Granada! Granada offers outstanding Moorish palaces, a ski resort in an incredible setting, peaceful gardens – which is why this city is a must-see at least once in your life. But the city is best known for its architecture and iconic monuments, especially the Alhambra.

        Currently, there are 2142 Airbnb listings in Granada, with 67% of entire houses earning up to €1,944 a month, 46% managed by professionals, and 54% managed independently. Apart from complete houses, Granada’s Airbnb offerings include 19% of private rooms and 12% of apartments(condos). Average Occupancy Rates in Granada is 49% and average daily rate is €165. According to short-term properties market data source Airbtics, a 2-bedroom apartment in Granada can make up to €21,960 each year.

        granada airbnb rules
        Short-term rental policy in Granada

        Register your short-term holiday rental online or apply in the local office districts

        – Holiday homeowners are required to have an Andalusia Tourist Registry Code (ATR)

        – Registration forms must be stored by landlords for a period of up to three years for the inspection of the Security Forces

        Spain’s General Legislations

        A licence to operate is required for: 

        – Short-term detached house rentals with hotel services (B&B).

        – Flats located in building complexes for tourists, where the entire building or complex is used for this service, must be managed by professional service providers.

        A licence is no longer required for:

        – Short-term detached house rentals with no hotel services (cleaning only).

        – Long-term flat or home rentals (for terms over 1–2 months). Flats that are not in tourist complexes can only serve as long-term rentals in regions that don’t issue licences.

        Short-term rental policy in Spain

        –  A Tourist Use House License is required to offer apartments for tourists.

        – No minimum or maximum term for short-term contracts (no longer than 11 months)

        – For non-resident landlord: liable to pay Income tax (25%) 

        Certificate of Occupancy issued when the building is commissioned (Cédula de Ocupación or Cédula de Habitabilidad)

        – Pay rental income tax at a rate of 24% for non-resident

        – The minimum renting period of 12 months. If you terminate your contract before the first six months, you will have to pay the remaining months of the year’s contract– Similar to Madrid, Barcelona, and Valencia 

        how much can you make on airbnb

        Pros and Cons of running Airbnb 

        Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels.  This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

        A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

        airbnb rules

        Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

        Pros

        1. Flexibility – You have the option of renting for days, weeks, or months. You can rent as much or as little as you want. There’s also the possibility of going on a trip at any time and earning money while doing so!

        2. Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.

        3. Earns more money than a long-term rental – It’s simple to calculate: €1500 for a vacation week vs. €1500 per month to rent for a year.

        4. Good Deductions – There are numerous popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utilities are just a few of the costs to consider. You may make a loss and avoid paying taxes entirely if you take enough deductions.

        5. Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.

        6. Less Wear and Tear on the Property – With frequent renters, you can keep up with tiny repairs before they become major issues!

        7. Social Advantages – There are a lot of interesting people in the world, and many of them travel! Your next acquaintances in a Short-Term Rental could evolve into lifelong buddies!

        Cons

        1. Inconsistent payments – If you rely on a stable income, a yearly renter is a much safer option. There’s a chance you won’t have a Short-Term Renter for weeks or months.

        2. Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants don’t.

        3. Increased risk – There is a higher danger of theft, breakage, or problem tenants because of the number of tourists going through your doors.

        4. Requires extra effort – Running a Short Term Rental requires more effort because you are the innkeeper. You’ll be in charge of collecting money, scheduling clients, and bringing in tenants. You’ll do it every week instead of every 5 years or so!

        5. Additional maintenance expenses – As the landlord, you are responsible for housekeeping, pool maintenance, and general upkeep. Not always the case with a long-term renter.

        6. Some HOA – Managed neighborhoods make it tough and complicated to rent short-term Rentals. People prefer comfortable, peaceful surroundings where they feel safe and know everyone, rather than random strangers coming and going at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.

        Conclusion

        If you’ve made it this far, you’re thinking of starting an Airbnb.

        We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

        You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as 

         – which neighborhood to target, 

         – which amenities are in high demand, 

         – what is the market’s historical performance, 

         – what are the occupancy rates of a two-bedroom house, 

         – should I do a two-bedroom house or a three-bedroom house? 

        Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.

        search tab
        Airbtics
        Categories
        Airbnb Rules All About Airbnb

        Marbella Airbnb Rules

        Table of Contents
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          Is Airbnb legal in Marbella?

          Don’t worry, Airbnb is legal in Marbella! Marbella is known as the playground of Europe’s rich and famous. This city is famous throughout the world for its glitzy image and glamorous night life.

          Currently, there are 9680 Airbnb listings in Marbella, with 72% of entire houses earning up to €2,998 a month, 51% managed by professionals, and 49% managed independently. Apart from complete houses, Marbella’s Airbnb offerings include 5% of private rooms and 23% of apartments(condos). Average Occupancy Rates in Marbella is 42% and average daily rate is €205. According to short-term rental market data source Airbtics, a 2-bedroom apartment in Marbella can make up to €29,988 each year.

          marbella airbnb rules
          Short-term rental policy in Marbella

          Register your short-term holiday rental online or apply in the local office districts

          Holiday homeowners are required to have an Andalusia Tourist Registry Code (ATR)

          – Duration of residential rental contracts can be freely agreed between the parties

          – If the agreed term is below 3 years, the contract will be automatically extended on expiration of contract term unless the tenant submits notice of termination of contract with at least 30 days

          Individual rooms are ALLOWED for let, unlike the city of Valencia

          Spain’s General Legislations

          A licence to operate is required for: 

          – Short-term detached house rentals with hotel services (B&B).

          – Flats located in building complexes for tourists, where the entire building or complex is used for this service, must be managed by professional service providers.

          A licence is no longer required for:

          – Short-term detached house rentals with no hotel services (cleaning only).

          – Long-term flat or home rentals (for terms over 1–2 months). Flats that are not in tourist complexes can only serve as long-term rentals in regions that don’t issue licences.

          Short-term rental policy in Spain

          –  A Tourist Use House License is required to offer apartments for tourists.

          – No minimum or maximum term for short-term contracts (no longer than 11 months)

          – For non-resident landlord: liable to pay Income tax (25%) 

          Certificate of Occupancy issued when the building is commissioned (Cédula de Ocupación or Cédula de Habitabilidad)

          – Pay rental income tax at a rate of 24% for non-resident

          – The minimum renting period of 12 months. If you terminate your contract before the first six months, you will have to pay the remaining months of the year’s contract– Similar to Madrid, Barcelona, and Valencia 

          how much can you make on airbnb

          Pros and Cons of running Airbnb 

          Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels.  This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

          A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

          airbnb rules

          Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

          Pros

          1. Flexibility – You have the option of renting for days, weeks, or months. You can rent as much or as little as you want. There’s also the possibility of going on a trip at any time and earning money while doing so!

          2. Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.

          3. Earns more money than a long-term rental – It’s simple to calculate: €1500 for a vacation week vs. €1500 per month to rent for a year.

          4. Good Deductions – There are numerous popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utilities are just a few of the costs to consider. You may make a loss and avoid paying taxes entirely if you take enough deductions.

          5. Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.

          6. Less Wear and Tear on the Property – With frequent renters, you can keep up with tiny repairs before they become major issues!

          7. Social Advantages – There are a lot of interesting people in the world, and many of them travel! Your next acquaintances in a Short-Term Rental could evolve into lifelong buddies!

          Cons

          1. Inconsistent payments – If you rely on a stable income, a yearly renter is a much safer option. There’s a chance you won’t have a Short-Term Renter for weeks or months.

          2. Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants don’t.

          3. Increased risk – There is a higher danger of theft, breakage, or problem tenants because of the number of tourists going through your doors.

          4. Requires extra effort – Running a Short Term Rental requires more effort because you are the innkeeper. You’ll be in charge of collecting money, scheduling clients, and bringing in tenants. You’ll do it every week instead of every 5 years or so!

          5. Additional maintenance expenses – As the landlord, you are responsible for housekeeping, pool maintenance, and general upkeep. Not always the case with a long-term renter.

          6. Some HOA – Managed neighborhoods make it tough and complicated to rent short-term Rentals. People prefer comfortable, peaceful surroundings where they feel safe and know everyone, rather than random strangers coming and going at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.

          Conclusion

          If you’ve made it this far, you’re thinking of starting an Airbnb.

          We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

          You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as 

           – which neighborhood to target, 

           – which amenities are in high demand, 

           – what is the market’s historical performance, 

           – what are the occupancy rates of a two-bedroom house, 

           – should I do a two-bedroom house or a three-bedroom house? 

          Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.

          search tab
          Airbtics
          Categories
          Airbnb Rules All About Airbnb

          Sevilla Airbnb Rules

          Table of Contents
            Add a header to begin generating the table of contents

            Is Airbnb legal in Sevilla?

            Don’t worry, Airbnb is legal in Sevilla! Sevilla is famous for its flamenco dancing and architectural designs, is the largest city in Southern Spain. It was said to have been built by Hercules himself and its fascinating history makes it one of Spain’s most intriguing places to visit.

            Currently, there are 4768 Airbnb listings in Sevilla, with 70% of entire houses earning up to €2,253 a month, 55% managed by professionals, and 45% managed independently. Apart from complete houses, Sevilla’s Airbnb offerings include 18% of private rooms and 10% of apartments(condos). Average Occupancy Rates in Sevilla is 50% and average daily rate is €132. According to short-term rental data source Airbtics, a 2-bedroom apartment in Sevilla can make up to €32,124 each year.

            sevilla airbnb rules
            Short-term rental policy in Sevilla

            Register your short-term holiday rental online or apply in the local office districts

            – Holiday homeowners are required to have an Andalusia Tourist Registry Code (ATR)

            Must obtain a VFT number (legal registration) to confirm legal operation of short-term business

            Spain’s General Legislations

            A licence to operate is required for: 

            – Short-term detached house rentals with hotel services (B&B).

            – Flats located in building complexes for tourists, where the entire building or complex is used for this service, must be managed by professional service providers.

            A licence is no longer required for:

            – Short-term detached house rentals with no hotel services (cleaning only).

            – Long-term flat or home rentals (for terms over 1–2 months). Flats that are not in tourist complexes can only serve as long-term rentals in regions that don’t issue licences.

            Short-term rental policy in Spain

            –  A Tourist Use House License is required to offer apartments for tourists.

            – No minimum or maximum term for short-term contracts (no longer than 11 months)

            – For non-resident landlord: liable to pay Income tax (25%) 

            Certificate of Occupancy issued when the building is commissioned (Cédula de Ocupación or Cédula de Habitabilidad)

            – Pay rental income tax at a rate of 24% for non-resident

            – The minimum renting period of 12 months. If you terminate your contract before the first six months, you will have to pay the remaining months of the year’s contract– Similar to Madrid, Barcelona, and Valencia 

            how much can you make on airbnb

            Pros and Cons of running Airbnb 

            Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels.  This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

            A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

            airbnb rules

            Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

            Pros

            1. Flexibility – You have the option of renting for days, weeks, or months. You can rent as much or as little as you want. There’s also the possibility of going on a trip at any time and earning money while doing so!

            2. Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.

            3. Earns more money than a long-term rental – It’s simple to calculate: €1500 for a vacation week vs. €500 per month to rent for a year.

            4. Good Deductions – There are numerous popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utilities are just a few of the costs to consider. You may make a loss and avoid paying taxes entirely if you take enough deductions.

            5. Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.

            6. Less Wear and Tear on the Property – With frequent renters, you can keep up with tiny repairs before they become major issues!

            7. Social Advantages – There are a lot of interesting people in the world, and many of them travel! Your next acquaintances in a Short-Term Rental could evolve into lifelong buddies!

            Cons

            1. Inconsistent payments – If you rely on a stable income, a yearly renter is a much safer option. There’s a chance you won’t have a Short-Term Renter for weeks or months.

            2. Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants don’t.

            3. Increased risk – There is a higher danger of theft, breakage, or problem tenants because of the number of tourists going through your doors.

            4. Requires extra effort – Running a Short Term Rental requires more effort because you are the innkeeper. You’ll be in charge of collecting money, scheduling clients, and bringing in tenants. You’ll do it every week instead of every 5 years or so!

            5. Additional maintenance expenses – As the landlord, you are responsible for housekeeping, pool maintenance, and general upkeep. Not always the case with a long-term renter.

            6. Some HOA – Managed neighborhoods make it tough and complicated to rent short-term Rentals. People prefer comfortable, peaceful surroundings where they feel safe and know everyone, rather than random strangers coming and going at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.

            Conclusion

            If you’ve made it this far, you’re thinking of starting an Airbnb.

            We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

            You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as 

             -which neighborhood to target, 

             -which amenities are in high demand, 

             -what is the market’s historical performance, 

             -what are the occupancy rates of a two-bedroom house, 

             -should I do a two-bedroom house or a three-bedroom house? 

            Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.

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            Podcast

            Interview with Short Term Rental Experts from Host Life – S2 EP43

            Welcome back to another episode of Into The Airbnb, where we chat with Airbnb hosts about their short-term rental experience.

            Our guests for today are Melissa and Zev Forrest, two Airbnb super hosts who got started on Airbnb Rental Arbitrage after realizing owning real estate was not their thing. They got hit by the first COVID outbreak after recently starting with their first owned rental and it went downhill for them until they found out about the Rental Arbitrage business model. Since then, they have been excelling in the Rental Arbitrage business and now they’re offering educational courses to teach people how to get started and succeed on the Airbnb work LEGALLY, without owning real estate.

            This episode is sponsored by Airbtics, short-term rental analytics for a high return investments, comprehensive data for insights, ideas and inspiration. Go to app.airbtics.com to find precise Airbnb data such as occupancy rate, revenue, average daily rate, and so on. So, without further ado, let’s get into it!

            Into The Airbnb Podcast S2 EP 43: How to start an Airbnb business without buying real estate? – Coaches Melissa & Zev Forrest are here to help!

            You can also listen to this Into The Airbnb Podcast Episode on Otter.

            Delia:

            So can you both tell me how did you get started with the whole short-term rental business?

            Melissa:

            Yeah, so we come from a background in real estate but we got started with Airbnb about four and a half years ago. We went to a free workshop on Airbnb and we were interested in quitting our real estate job at the time, we were both commercial real estate agents and we were just looking for something else, so we went to this free workshop. And from there, we bought our first pretty much property that we were able to leverage out from us a unit that was connected to the home and so we were able to have two Airbnbs from our first home purchase. And from there, we discovered that we wanted to continue growing in this business, but buying was harder to do, so we discover the rental arbitrage model we wanted to jump into on that.

            Zev:

            Yeah, Melissa was actually the one that had the idea of going to a free workshop on Airbnb and leasing out, renting out a part of our home and honestly, I was a little bit not really into it and to go into that, but I’m so grateful to go to that with her. She opened my eyes to that and ever since then we’ve really hit the ground running with Airbnb and it’s been a life changer.

            Delia:

            That’s great! And how did you get started with doing rental arbitrage? So it wasn’t right away because you told me you already have purchased our property, right?

            Melissa:

            Yes.

            Delia:

            So that workshop you went to, that’s what inspired you to go with rental arbitrage?

            Melissa:

            No, no. So the workshop we went to was focus about on buying a home, so after we bought our first home, we our investment in that was about… what was it like 80,000? $80,000 total and so we were pretty much left with not so much liquid cash to continue growing our business. So we invested in other mentors at the time that we’re doing rental arbitrage and that’s where we learned that model and then we combine our skills in real estate sales because we were doing a lot of role playing at the time and we were trained on how to overcome objections and talk to landlords already at that time, but just a different side of business. So we combined our skills with what we learned from other mentors and we came up with a pitch that really worked for us so we could continue on this business with rental arbitrage.

            Delia:

            Oh, that’s great! And can you tell me a little bit how was like your first approach to rental arbitrage when you did it for the first time? How was it like?

            Zev:

            Yeah, so one of the ways that we heard from someone to go about speaking with landlords was not the right way that we do now, it wasn’t a good way to approach landlords. So the first time was actually pretty funny, what we did is we reached out to a landlord to go look at their home that which they had for rent online and when we got there, we met with the leasing agent and after we toured the whole property, she was under the assumption that we were looking for it to live in ourselves and build a family or whatnot. But at the end of the tour, we told her what our intentions were and that we wanted to sublease it for rental arbitrage and she actually she threw up her hands in the air and she’s like “You completely wasted my time! Why didn’t you tell me this from the beginning? The owners are absolutely not going to be okay with this” and that’s somewhat expected especially when we surprised her, we didn’t let her know why we were meeting so I could understand, I had some empathy why she felt like we wasted her time. But, you know, I told her “Hey, look, what are some of your concerns? Why wouldn’t it be something that the owner is open to?” and she had a couple of concerns that weren’t super valid, but she said, “You know what? The owner lives nearby, why don’t I have her come over and you can talk to her? See if she’s open to it”. And long story short, the owner came by we told her all the benefits of having us as a tenant, and the owner was like, “Okay, yeah, great. Let’s give it a try” and we’ve been here ever since. Actually, yeah, the property that we looked at was two units. It was a back house, the garage that was converted and it was a main home, and we use both of them.

            Delia:

            And what was the pitch that sold you to that owner?

            Zev:

            You know, things like telling them that we’re going to take care of their property, you know, it’s always going to be maintained and well kept and we showed them that our experience as hosts, you know, that we are, we keep the property in good shape. We’re always monitoring it, there’s security cameras, and I’m sure at first she was kind of on the fence about letting us or not, but the fact that we were going to take both units on her property and also the fact that we were very approachable, and we’re very professional in person. I think that was, we were able to push her over the ledge on “Oh, hey, okay, let’s give these guys a try and see if we can work something out with them”.

            Melissa:

            When they first looked at the home, the home was recently remodeled, but they had tenants that were living in the home, I think for about one year only and they had already left the wall, like with scratches and all wrapped up, and not in the best condition than we mentioned, I’m like, “Hey, look with us, you will never have this problem because we’re always going to keep the home in prime 5-star conditions because, you know, our business is a 5-star business and so your home will be a 5-star home”.

            Delia:

            Okay, that’s great! So those are always right now, like the basis to convince a landlord, right? I’ve heard it before. But do you think that’s a pitch that cancel everyone, right? That there are some landlords that are still going to say no?

            Melissa:

            Yeah. I mean, I feel that one pitch, I don’t believe there’s one same script for every landlord. I think, number one, building your rapport, it’s like he was saying that we were approachable in the way we delivered our pitch, right? So it’s more than what you say. But it’s how you say it and how you build rapport with that person because this becomes a trust essence, they get to trust you and your business in their home. So number one is building rapport. It’s not so much, you know what you’re going to say because if you stay with in a way that it’s not going to project competence, they’re not going to have the trust in you, and they’re not going to say yes to you. So I would say number one is building rapport. Number two is just knowing what objections they’re going to have and how to overcome them, what concerns you’re going to have, and how to overcome them so that, you know, they feel that you could take on their home.

            Zev:

            Every landlord is going to be different and it’s just, it’s all sales. So in sales, cross every single industry, everyone’s going to be different, every prospect, what you call them is going to be different, right? So everyone’s going to have in sales, it’s all about listening, you know, it’s all about asking the right questions and listening to them. You want to be an active listener and you want to hear what their problems are because, as me the person that’s selling my business to you, I want to make sure that I solve your problems. So for this landlord, you know, maybe their problem was, their concern/problem is “Okay, the house is going to be ruined because of long-term tenants, they tend to trash the place”. So we overcame that objection, you know, if there’s another landlord where their problem is not getting paid rent on time because their experience in the past has always been chasing tenants for rent, then we say, “Hey, what has been your biggest concerns? Or what’s your biggest problems in the past with previous tenants?” and they go, “Oh, well, you know what, I’ve always had to chase down the rent” and we go, “Well, you know, what if we pay rent early? guaranteed, and we have references to prove that”. So sales is always trying to uncover what that specific person in front of us problems are, and explain to them how you solve that.

            Delia:

            That makes a lot of sense, actually and it’s my first time hearing about it this way. When people try to talk about rental arbitrage, you know, in the Facebook groups, where is where I’m more familiar with that is, seems like people think there is one secret pathway to it, right?

            Zev:

            Right. It’s, I mean, I hear them and I understand them and usually, the top concerns and problems for a landlord fall into those categories that you’re talking about and that you see. And people that are inexperienced with sales, they think all the person wants to hear is their main pitch like everything but they think it solves their problems and everything that is good about their business, they just like smother the other person with that, like, imagine going on a date and then just like telling the other person all the things you think are good about yourself, but they really don’t care about any of that, right? What if they just care about, are you gonna be a good step father to my child? But meanwhile, you’re telling them how like you work out every day and how healthy you are, right? They don’t care about it. So yeah, those categories fall into the main things that usually the most common ones that come up, but still, you can never expect that you always gotta go into a meeting, thinking, “How can I listen to this to this person? And how can I solve their problems?”.

            Melissa:

            Right? It’s to be a conversation, when you go out there and we tell a lot of our mentees is like, “Don’t go out there and have the squared binges, blah blah blah Mr. Landlord”, right? Like you get to have a conversation like, it’s a perfect example, like you’re going on a first day, you’re building rapport, right? You’re listening to them, you’re listening to the things they’re looking for and if they’re looking for something, then you say, okay, well, you try to pitch something at that, right? To make it a win-win for them.

            Delia:

            Yeah, that makes a lot of sense! And now that you told me about your background, and all this new knowledge that also reached me, right? It makes sense that you decided to start the mentorship program. Can you tell me a little more how you decided to start with this, with the whole mentorship program?

            Melissa:

            Yes, of course. So I had already, we’ve been in this business for four and a half years and prior to starting host life, which is our mentorship program, I was already in mentoring in another coaching program for about two years. So I’ve mentored hundreds of people already. But then when COVID hit, and he got laid off of his job, I’m like, “Why don’t we do this together and create a bigger impact in the world?”. And we felt that he had a strong background and I have my own strong background and together, we could just be a powerhouse and mentoring people. So last year, around this time actually, we have one year since we created host live. And with host live we have a direct mentorship program where people get the course that we created and then one on one direct mentorship access in a group setting with Zev and I, with a big focus on sales training because part of the pitch, as he was saying is sales training, right? So if you’re not comfortable with sales, if you’re not comfortable with talking to people, if you’re not comfortable getting on the phone and overcoming objections, then this is not going to work for you, this model is not going to work for you. So we have a big emphasis on training them. He does the training and then I focus a lot on teaching them about: how to become an Airbnb super host, how to create systems, how to create a team, how to create design, and automation and communication.

            Delia:

            When people reach, you know, to your mentorship program, what kind of people are they usually? Are these people who are already in the Airbnb and short-term rental business, doing long-term rentals maybe or just curious about the rental arbitrage model?

            Zev:

            Yeah, the majority of our students so far don’t have any Airbnb, they don’t have any real estate and most of them are either currently an entrepreneur or they have an entrepreneurial mindset, meaning that they are in a job at nine to five maybe, but there’s just something inside of them everyday that tells them that they’re not in the right place, right? They want to get out of that job. So yeah, maybe entrepreneurs and people that either maybe they want to keep their job or they want a side hustle or they’re very interested in the hospitality industry. But usually just entrepreneurs are the ones that are reaching out to us.

            how much can you make on airbnb