Some of the Santa Marina clients take advantage of the rental management service and rent their apartment out when they do not use it.
The renting out of apartments is part of a separate contract between the property management company FPPM and the owner of the property. Owners may specify two weeks of the high tourist season, in which they will use the apartment themselves so that the property is rented out in the remaining period. As owner, you need to specify this in advance so that we know when to rent the apartment out. The marketing, advertising and promoting of your apartment to tourists is the first obligation of the property manager as per the rental contract. With regard to this, the property management company signs contracts with tour operators and other organizations to provide for a maximum occupancy of apartments rented out at Santa Marina.
To rent the apartment at Santa Marina out, you need to make sure:
- Furnishing need to be according to 4-star hotel standards (all our furniture packs comply with these standards);
- Provide your specific additional equipment (TV set, towels, bed linen, toaster, plates, cutlery, etc.; all of them part of the Additional Equipment Pack)
- Bills for the apartment need to be paid on time (we assist you in that with our Expenses Management Pack), and cover the costs for keeping the apartment clean.
The rental management of the apartment is divided into activities undertaken during the period of renting out of apartments and activities undertaken in the apartment when it is not occupied by tenants.
Outside of the high tourist season, incl. in the winter period, the property management company continues to take care of the property by paying bills, for instance. The property manager keeps the apartment clean and maintains it in a state to be successfully rented out to tenants.
During the periods when the apartment is rented out, the property manager keeps the apartment ready to be accommodated (i.e. clean, equipped with needed items such as towels, various consumables, etc.). The costs for utilities such as electric supply, water supply, cable TV, etc. are included in the rental price. The everyday cleaning, as well as the change of bed linen are also among the services rendered to tenants.
The property manager keeps you informed about the periods in which your apartment is rented out, about incomes, costs to be covered out of the tourist season, etc.
For the marketing and management of your apartment, we take a specific percentage and/or fee of the income yielded. The rest of the income is paid to you each year in the month of December. The payment is made to the bank account of yours you specify in the contract. Therefore, if you change your bank account, you need to inform your property manager so that they transfer the amount into the right account.