Real Estate Management in Lisbon.
- Luisa Dong
- Jan 13, 2023
- 4 min read
Updated: Aug 5, 2024
Here you can find more information about Lisbon property management and Airbnb concierge services for hosts in Lisbon. Lisbon is one of the world's most popular tourist destinations and Airbnb is a great way for locals to take advantage of the city's booming tourism industry. Whether you're a first-time host or a seasoned pro, it's important to be aware of the services available to help you manage your Airbnb property.
Below we discuss the advantages of hiring an Airbnb concierge service in Lisbon, Airbnb management company Lisbon, and the various property management services available for hosts. We will also provide some tips for selecting the right property management and Airbnb concierge services to fit your needs.
Landlords are expected to maintain their rental properties, meaning you will have to cover maintenance costs. As well as this, you will also have to pay more stamp duty if you have more than one property. In 2020, a few changes were made to rental and tenant laws in Portugal which gave tenants more rights. Rental contracts must last for a minimum of one year. Tenants can terminate the contract if they get fired or can't work because of an injury.
They can also terminate it if a joint tenant passes away. Landlords also benefit from this as the longer the tenant stays, the lower tax they pay. There are several different letters that landlords can use while working with tenants. From a non-renewal of lease to a no longer rentable letter, here's how to send your tenant a notice to vacate their home in Hertfordshire if they've broken the terms of their lease. Thousands of people in Portugal rent out their properties each year.
It can take up to 31 months to remove a tenant from your property in Portugal. This is much longer than it would take to evict a tenant in the UK or Malta. Give your tenants notice in Lisbon much easier than you'd expect.
Lisbon Short-Term Rentals: Portuguese Letting Laws and Regulations
Short-term rentals come with their own set of rules and regulations. Some recent legislative changes have made it even more difficult to rent out properties in certain situations, especially if you're not the primary owner. Landlords in Portugal (for property management in Porto or Lisbon) need to be aware of a ban on short-term rentals in certain areas. An upper limit on the number of properties owned by the same business entity within the same area has been put in place, affecting many parts of Lisbon. Know Your Rights – and Those of Your Tenants.
Tax returns are another common problem. Even for a relatively simple rental operation, filing your taxes can still be quite complicated. UpperKey will help you navigate the process and ensure that you're not missing any important points. The market is full of opportunities as demand is constantly at a high level.
Lisbon has become one of the hottest property investment markets in Europe. Investors from all over the world are looking to invest in the city. Factors such as low crime rates, a strong economy and a modern education system make it very attractive for business and residential investors. Lisbon has seen an influx of tourists who favour Portugal over other tourist destinations. The higher number of tourists has led to a higher demand for property and the market is having a hard time keeping up.
This has opened up opportunities that investors can leverage by investing in short-term rentals. Lisbon has so many things going for it that make it a great investor destination. Portugal has lower taxes than most other countries in the EU and favourable conditions for tax residents to pay lower taxes to offset business expenses. The government has put a lot of effort into making it so.
Concierge services can help you create an Airbnb experience that guests will want and need. They can also help you elevate your property to a five-star rated one. You may have guests that require extra bedding, cleaning supplies, towels, and so forth. Having a concierge service ready and available means they can react at that moment and ensure the needs of the guest are met. Concierge services can also offer valuable insight into the property.
If you're looking for a way to help your Lisbon Airbnb property shine, a full-service concierge service is the way to go. Lisbon rental agency companies such as UpperKey are available to act as your primary renter for a specific amount of time, becoming your full property manager.
Lisbon is one of the most popular tourist destinations in Europe. The Portuguese government has put incentives in place to attract startups to the country. This means there is a high demand for property, including short and long-term rental properties. Renting out properties could be a great way to generate passive income. Renting out your home can help offset some of the costs associated with owning a property in the city.
It also gives you incentive to maintain and improve the property, which improves its value. Taxation on short-term rentals in Portugal is very favourable. The simplified regime allows for only 35% of the total rental income to be taxed. Although Lisbon is one of the safest cities in the world, renting out the property will give you peace of mind.
