Mar 22, 2024

Renting Out Your Property in Marbella: Everything You Need to Know Before Renting Out

Linus Norman, CEO & co-founder of heimo

This time of the year, many homeowners in Marbella and the surrounding areas rent out their properties, or prepare for renting out during the high-season period of property rentals during summer.

The demand for renting properties on the Costa del Sol is extremely high, offering excellent opportunities to supplement your own holiday budget as a homeowner in Marbella, by renting out your property during the weeks (or months) of the year when you're not there.

However, there are several factors to consider before renting out your property in Marbella, and in this article, we cover everything you need to know!

📄 Ensure You Have the Right Permits and Rental Licenses

If you want to rent out your property in Marbella as a short-term holiday rental, you'll need the right permits and licenses to do so.

You'll need an LPO (Licencia de Primera Ocupacion) and also register the property for RTA (Registro Turismo Andalucia). You also need to ensure you have permission to rent out your property by your Community.

If you're instead renting out to the same tenants for a longer period (long-term rental) or only to friends and family for occasional days and weeks, you generally don't need a rental license. It's a good idea to seek assistance from a knowledgeable lawyer to ensure you have the required permits and licenses.

If you're looking for a reliable lawyer in Marbella and the Costa del Sol, you can easily find, compare and contact lawyers by creating an account on heimo - a new platform for everything related to housing in Marbella and the Costa del Sol.

📲 Choose the Right Platform for Your Property Listing

There are numerous platforms where you can list your property for rent, both national and international platforms.

Most platforms charge various service fees, such as listing fees for your property, a recurring percentage fee per booking from you as the landlord, and/or a percentage fee per booking for the tenant. If you list on a platform that charges fees, it affects how much you earn from your rental.

If you want to list your property completely free of charge and rent out without any service fees for you or your tenants, you can easily use heimo instead.

🤝 Find Reliable Tenants for Your Property in Marbella

We've all heard various horror stories about rentals that didn't go as planned. Disruptive guests, damaged furniture and decor, and other problems during the rental period.

It's incredibly important to be selective about who you choose to rent out to, as renting to completely unknown guests often increases the risk of encountering less than ideal experiences.

If you advertise through heimo, you can choose to advertise safely only to your friends, family, or acquaintances. Renting out to someone you have some form of personal relationship or connection with is often less risky than renting out to strangers.

You can also find trusted guests who demonstrate their interest in renting your property, where heimo provides detailed information about potential guests with complete profiles including name, photo, a short description, and show you any mutual connections not only on heimo, but also on other social platforms - which can be very useful for feeling secure about the rental.

💜 Get Help from Property Rental Professionals and Companies

Sometimes it can be incredibly valuable to seek professional help with your rental, or parts of your rental. For example, there are rental management companies that can help manage your entire rental from start to finish, for a fee usually around 20-25% per booking.

There are also companies that can assist with specific tasks, such as key management, cleaning, and laundry. If you need assistance from a company regarding your rental, you can easily find and match with recommended companies directly on heimo.

📝 Declare Your Property Rental Income & Taxes

How you declare your property rental depends, among other factors, on which country you have your tax residency, i.e., which country you spend more than 183 days in during a calendar year. The country in which you spend more than 183 days in a calendar year, is usually the country where you are considered a tax resident.

  • Tax Declaration for non-residents in Spain: You've previously had to declare rental income in Spain quarterly, but starting in 2024 you only have to do it annually (Note* As this is a recent change, it could be good to consult a tax expert or a lawyer for your specific case)
  • Tax Declaration for residents in Spain: You declare in Spain for all your global income once a year in your annual income tax return, including your property rental income. You may also need to declare in other countries if you have property, assets, or income from services or capital in other countries as well.

In addition to declaring the rental income, you also need to pay and declare an annual flat-rate tax in Spain for the time when the property has not been rented out. There is more information on the tax authority's website in each country, and it's advisable to seek help from a tax expert or lawyer for specific questions regarding you and your property.

🇪🇸 Read more on the Spanish Tax Agency website here.

Would you like to list your property for rent in Marbella free of charge? Or perhaps you're seeking a recommended rental company, cleaning company, or any other professional to help you with your property rental in Marbella? Create your free account on heimo today, publish free listings and get matched with housing professionals through service requests.

If you have any questions regarding renting out your apartment, villa, townhouse or room in Marbella, feel free to reach out to us at [email protected]. Best of luck with your property rental! 🏡