Hi, there are number of things you need to look into before letting.
These include, are allowed by the community and or the licencing on your property to let?
You will need to get the property inspected by the Junta for their approval that the property is suitable to let, fees are payable.
You will have to declare and pay tax on the income, it used to on the GROSS income with no provision for any deductions, including even the electricity bill, wear and tear, damages, cleaning etc. None at all.
I am also told by a person who takes care of several letting properties that she was told by her solicitor that she must have a contract for each rental, it must be legally drawn up and legally registered (even for holiday lets) and that there must be safety inspection on the electric, gas etc. for before each let.
Unless there have been some important changes in the law recently one almost cannot afford to let.
I suggest you take really good professional advice and that anything they tell you is out in writing. Many ‘professionals’ do not know the law so be very careful. As we all know, ‘that’s the way it is done in Spain’ cannot be relied upon, when the fines arrive
And remember, if one rent damages the property, you must be able to get the problem fixed before the next renter arrives, maybe in an hour or so. If you can’t then you could be sued for breach of contract.
My son has an apartment. We were trying to sell but have given up. It is now being used by a friend on a no rent basis, as that will mean it is cared for but we will have lo legal issues (WE HOPE).