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Monday, May 21, 2007
tracyrimmer
Parcela
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I want to rent out my apartment on the marina dor complex in Oropresa del mar, but company have their own managment team and keep rents in the area really low. I bought this apartment as an investment, and was promised a good return, but it looks like it was all lies. I still want to rent it, but I dont know anyone that has had any success up in that area. I have taken details from some estate agents but it does not look promising. Anyone know of a good rental company in that area, it is costa azahar, near castellon.
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16 Jun 2007 6:58 PM
ric25
Parcela
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We are at Marina DOr also. Currently renting via Alexander Homes. I would NOT recommend them, full stop. There is a new Agency DANESP opened in Oropesa www.danesp.com I have been in e-mail contact with them dvalls@danesp.com but must stress that I do not know anything about them. They appear to be quite efficient, their rental payments to owners is certainly more than Alex Homes pays. For instance 3 or 4 months Spring/Summer Holiday Lets with them would bring in far more than AH pay for an 11 month long term rental. They also seem to charge 2.5% commission to sell whereas most agents charge around 5% which is a lot. Other options are; rent through Marina D'Or, who don't pay well either, or try doing it yourself which is not for everyone including me. We bought this apt as a so called investment and were supposed to sell before completion. It didn't happen as the firm we bought through(DREAM OVERSEAS PROPERTIES IN N IRELAND) let us down big style. I am considering selling at present, but the Spanish Property market is very flat now and we would probablY have to sell at less than we paid (We completed last Dec)
If you e-mail DANESP they will send you 2 e-mail attachments with info about rental returns as well as the current state of the property market there now. The airport is way behind schedule and apparently not due for completion until end 2008/ early 2009. Hope yhis is of some help to you, and not too depressing.
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17 Jun 2007 8:04 PM
daveandnicky
Studio
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5% a lot? I pay 15% for long term and 17% for short term. I was told this was a little more than the norm but not that much! Anyone else got any idea. my place is on the CDS.
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17 Jun 2007 8:09 PM
ric25
Parcela
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The commission I refer to is for SELLING your property using this agent, whereas you appear to be talking about commission they charge you for RENTING.
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18 Jun 2007 10:38 AM
daveandnicky
Studio
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Yeah, apologies for that!! 2.5 to 5% selling commision was pretty standard when i wanted to sell.
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