5 aspects to take into account to manage the vacation rental of an apartment at a distance in Fuerteventura that you can not overlook.
In the Canary Islands there are 44,376 vacation homes according to data published by the National Institute of Statistics as of August 2023. This is 1,725 homes more than just a year earlier.
The growing demand for this type of accommodation means that more and more owners are encouraged to monetize their properties on the islands through vacation rentals. However, many owners are still somewhat reticent as they feel that managing the vacation rental of a property while living far away can become not only complicated, but also unprofitable.
This fear is not only common among owners who live far away from their vacation homes, but also among owners of tourist apartments who do not have enough time to take care of their investment as it deserves.
Managing a vacation rental without being able to visit it is not only possible and easy to manage, but can also bring many advantages if properly managed.
Manage the vacation rental of an apartment in Fuerteventura
The large number of details to be taken into account when managing the rental of an apartment from a distance can generate certain fears that make us even think of throwing in the towel: How will I be able to manage the reservations? What about arrivals and departures? What legal regulations and documentation should I consider? What happens if something happens while I am in my home country?
*Below, we provide you with the Vacation Rental Contract Model in Fuerteventura that we use at Destiny Home so that you can know in detail and with complete transparency each of the rental management services we offer to our clients.
Similarly, we leave you with some considerations you should keep in mind when managing the vacation rental of your property from a distance.
Arrival and departure management
If you want to monetize an apartment in Fuerteventura as a holiday home and you can not take care of arrivals and departures in person, you can opt for one of these tools:
- Safe deposit box: this is the most economical option. It consists of a manual code that your guests must enter in order to access the keys to your home. This option may pose a security risk if you do not have the possibility to go to your home to change the code every time a guest ends their stay. In addition, some insurance policies do not accept or apply very strict conditions to homes that make use of these practices.
- Smart locks: allow your guests to unlock the access door using a temporary code sent via a cell phone. It is a safer option as you still have control over who enters your home without having to enter your property. However, you may run into problems if your tenants do not own a smartphone or are temporarily unable to access it.
Any problem derived from check in and check out can be solved by relying on an agency specialized in the management of short term rentals. This type of agencies take care of the reservations, departures and arrivals of your guests in an optimal way without you having to worry about anything.
Cleaning service
Guests expect to find spotless accommodation when they arrive for their vacation, an expectation that is not always easy to meet when managing a vacation rental from a distance if you are not the person in charge of cleaning.
For this point, it is best to hire a cleaning company to take care of the hygiene and disinfection of your home before the arrival of each guest. Look for an agency specialized in the management of vacation rentals in Fuerteventura that includes the cleaning service in its rates.
Setting the rental price
In a market as competitive as the holiday rental market in Fuerteventura where the number of properties with tourist license grows every year, the pricing strategy becomes essential to ensure a high occupancy rate while achieving high profitability.
An agency specialized in the management of holiday apartments in Fuerteventura will know when is the best time to adjust the rental price according to demand and seasonality.
Legal regulations and paperwork
The legal regulations concerning tourist apartments are constantly evolving, something that can generate uncertainty for their owners. In addition, the documentation required to register a tourist apartment can be very different depending on the municipality in which the property is located.
A rental management agency in Fuerteventura is up to date with the latest legislation and is responsible for processing the necessary documentation to register a property in accordance with the current regulations.
Attention to incidents
Every business is susceptible to unforeseen events, and your vacation rental is not going to be free of them: that guest who arrives a little later than expected because his flight has been delayed, the hot water that suddenly stops working, heavy rains that leave your garden muddy… So that this is not a battle you can’t deal with, a rental management agency in Fuerteventura can take care of all these matters without you having to lift a finger.
This way, your property will always be ready and perfect for any stay.
Fuerteventura vacation rental management
At Destiny Home we are the largest vacation rental management company in Fuerteventura. From our agency we manage the vacation rental of villas, apartments and bungalows in the best places of the island, from luxurious villas with swimming pool in Corralejo to central apartments in Cotillo or Caleta de Fuste.
With the objective of improving the profitability and maximizing the income of our clients’ vacation rentals, Destiny Home takes care of the cleaning of the property, the management of reservations, departures, arrivals, attention to incidents and communication with guests. All this to achieve the maximum satisfaction of our visitors, something that allows us to maintain a high occupancy rate throughout the year.
If you are thinking of monetizing your property in Fuerteventura through vacation rentals, or if you are already doing so but would like to increase your profits, we encourage you to download our Vacation Rental Contract Model in Fuerteventura. This will allow you to review in a completely transparent manner the rental management services we offer to our clients.
You can also make an appointment with us to resolve, either in person or by telephone, any questions you may have regarding the vacation rental of your property.
Managing a vacation rental from afar involves considering aspects such as the management of reservations, arrivals and departures, legal regulations and the handling of any incidents that may arise. It is crucial to have a good organization and the support of a specialized agency to ensure an efficient and profitable management.
Pricing should be based on market demand and seasonality. Consider hiring a tourism management agency that can help you adjust prices dynamically to maximize occupancy and profitability.
It is essential to be aware of local laws and comply with all the necessary documentation to register your property as a legal tourist accommodation. Working with a local agency can make this process easier, as they can handle all the paperwork and ensure that you are in compliance with current regulations.
Having the support of a rental management agency can be very beneficial in handling incidents. They can take care of urgent problems, such as utility failures or damage caused by weather conditions, ensuring that your property is always ready to receive guests.
