Key Property Management Services Rhodes, Greece

Renting Your Property

Your property in Rhodes is probably one of the best investments you can make.  If you don't stay here long term, an excellent way to cover the cost of the property is to rent the property during the summer. The rental income can be substantial.  There are however many pitfalls which can be avoided if you go about the process in a professional manner.  This guide will help you to make the maximum rental income from your property in Rhodes with the minimum of problems.

Preparing to rent your property

The first step is to decide what exactly you want out of your investment.  You need to ask yourself some fundamental questions before you go ahead with rental of your property:

1. Decide on your financial objectives.  Do you want to maximize the income or just cover costs?
2. How often do you want to be there yourself?  Do you want to be there on certain dates or can you be flexible and go on weeks when there are no bookings?
3. What type of people do you want to stay in your home?  Are you child and animal friendly?
4. Have you any idea of expected rental fees?  KPMS Rhodes' unrivaled local experience can help you maximize your income.

Furnishing your property

You also need to furnish and equip your property. Cost is obviously an issue, but it is important that your fixtures and fittings and furnishings wear well and you shouldn't compromise on comfort and style to achieve this balance.  KPMS Rhodes can offer advice regarding local furniture and electrical shops.  Once your property is furnished, you should make a checklist.  We can then go through this with guests at the start and end of each rental.

Safety

As a responsible renter you need to equip your property with safety in mind.  Install smoke alarms, write depth markings around the pool and leave clear instruction manuals for the appliances in the rental property.  Make sure you point out the suitability of your rental property for small children or people with disabilities.  KPMS Rhodes can advise you about local regulations and arrange for regular safety checks.  

Marketing your property

The marketing and advertising of private villas and homes to rent is a time consuming process. Over the last few years there have been many commercial and private property developers on Rhodes who are developing properties to aim at the buy to rent market.  The majority of these properties are very similar in size, style and content and standard.  It is important that your rental property has maximum positive exposure and that the guests who are renting your property will encourage other people to rent it too.  KPMS Rhodes can advise you on how best to market your property.

Welcoming guests

When people rent a property in an unfamiliar area or a foreign country they need to know certain information, such as where the nearest shop is, and when the buses run.  You will need to leave a guest book and a set of house rules.  You may also want to leave maps and pamphlets concerning excursions and places to visit - KPMS can provide these and replenish them as necessary after each rental.  Also remember that first impressions last - and simple things like a vase of fresh flowers on the table and a bottle of wine in the fridge may make all the difference to a guest's perception of your property - and to whether they recommend it to others.

Finally, it is reassuring both both for you and your guests to know that you have our services to assist them, especially in emergencies.

Tax and insurance

Other important considerations for any owner thinking of renting his property are tax and insurance. If you are renting your property as a business you must inform your accountant and insurers.  If you have a mortgage you must check your insurance cover and enquire about public liability insurance. If you do not state that your property is for rent any future claims may be null and void.

Our partner company Intasure will be pleased to arrange specifically designed insurance in English for owners of homes in Greece.

Maintaining and cleaning your property

Your property will require cleaning after each rental and possibly during them.  And however hard-wearing your furnishings, damage and wear-and-tear are bound to occur. KPMS Rhodes can arrange for cleaning services and carry out maintenance and essential repairs. 

Renting a property is a big responsibility in many ways. This is where we can help you. Let us take all the stress out of the experience for you while you sit back and take the rent!

For more advice on renting and to receive our renting fact sheet please email us.

Our management services include a full rental package from advertising to cleaning. All our subscribers are advertised for free on our rental page.

If you would like to advertise your property here please contact us!  All subscribers to KPMS can advertise free of charge as part of their rental package.