Advice needed please!!
I've heard that properties are getting very difficult to let, and that prices in Spain are being reduced, but how far?
I've had a tenant in my house in Spain for 9 months (via letting agent). I should say that the first term was for 6 months, and tenant is part way though second six month term.
The tenant (English) went into the letting agent's today and said that he would like the rent dropped by €100 per month, or else he would not consider re-newing.
Last year I received a substantial amount less rent than the year before. The year before I was with another agent who just deducted his letting fees, but the tenant had to pay his own utilities (gas, electric, water) and TV. With this tenant I have to sub. him by €75 per month for them! So on this method, combined with higher letting fees, overall I have been €100 per month worse off!!
At the moment I am unable to get to Spain, so it would be handy to have someone in the house. I have logged on to various rental websites to see the price of properties but would appreciate the view of someone on the spot - there's a difference between the price that someone asks in the rentals - and the chance of getting a tenant.
I have a large, modern two bedroomed end of terrance; big garden; parking; air con; and all usual white goods plus of course the TV!! How much do you think that I should reasonably be expected to get - if there is an elusive tenant around - or is it better to "bite the bullet" and stick with the one that I know???
Sorry, I seem to have waffled on a bit - must be getting old!!