UpperKey offers guaranteed rent programmes in Rome, Paris, London and a selection of other capital cities throughout Europe. From the upkeep, service, marketing and presentation of your apartment to the meet and greet of your guests, we don't have to lift a finger. Rome is the 3rd most visited city of Europe and the 14th worldwide. With prices appreciably lower than those of London, a Rome apartment offers higher value than many of its competitor locations. Buyer demand comes from both investors and those looking to relocate for good.
The lowest-priced properties currently stand at just over £3.4k/m2. A three-bedroom apartment in the city center will achieve an average rent of around £1.5k/month. UpperKey works efficiently and effectively to provide great value, but also to maximise profit. The historic city center of Rome offers pure inspiration and amazement to all who visit. Apartments and flats are modern and elegant—and expensive.
Public transportation is very well organised with lots of bus lines and lines of rapid transit lines. It's the best idea to travel around the City because of the sights.
There are 4 accepted types of contract for a lease in Rome. Depending on which one you enter into, will depend on the reasons and duration you expect to stay there. At renewal, the rent can't be increased by any more than 75% of the cost of living. Luxury apartments, tourist apartments and public housing are exempt from tenants requiring a free market contract. Terminating a tenancy agreement
The letter will need to provide 6 months notice and almost always with a valid reason. You may be able to find a sample letter giving notice to a tenant in Rome from Italian property solicitors or their websites. The information you would expect to find in any sample letter of termination of tenancy agreement by tenant should include:. Dates of both the disdetta delivery and the tenancy termination. Eviction of a tenant by court order is a lengthy process in Italy and can take up to 2 years.
Offering more than one property for lease isn't seen as business activity in Italy. The magic number, for an investor to remain just that and not considered a business in Italy, is 4 properties. Hosts of short-term rentals in Italy must provide a written contract between the guests and their hosts. For longer-term lets, contracts must be registered with the Italian Tax Agency. The national tax systems are fairly complicated, but to cover the basics, there are 2 options that hosts can choose between. You must declare each of your visitors to the Italian Police
Hosting more than 3 properties in Rome is now a business operation and you must register an SCIA (Segnalazione di Inizio Attività) If the host offers any additional service other than the rental of the property, it is also seen to constitute business operation. Rome has a tourism tax of €3.50 per person per night. Guests only have to pay for a maximum of 10 nights. It's up to the host to collect and pay the tourism tax. Rome's tourism tax is paid through the city's website by its registered users.
Rome is a hugely popular city to visit for both business and leisure. A concierge is a necessary member of staff as they have the skills required to cover a range of different essential roles and make sure that guests are having the best possible experience. What Does a Concierge Do?
If you are looking for a suitable building to invest in as an Airbnb in Rome, then selecting a building with a concierge service can benefit you in many ways. Some of the main reasons to consider investing in an apartment where there's a concierge service include: Better maintained buildings, better maintenance and customer service and 24-hour access. The main role of the accommodation concierge is to have an excellent knowledge of the surrounding area, the local community, and the residents. Investing in a Rome apartment with a Concierge service for your Airbnb venture can be a great way for both you and your guests to save time. If you are renting an apartment in Rome to become an Airbnb host, then look out for a building that has a concierge service.
A property manager can assist your guests in finding restaurant reservations. Along with this, they can also help you improve the overall security of the building by keeping an eye on the building around the clock.
Rome presents a big investment opportunity for new and existing property owners. Most jobs can be found in big cities and as Rome is the capital of Italy, there are always jobs to be found. Rental demand is high among Italians looking for jobs with a future. The one thing you want to be assured of is a high enough ROI when renting properties of any kind. Rome is one of Europe's biggest cities, which makes it attractive to multinational corporations and SMEs.
This will lead to a spike in the demand for housing, which is why landlords should rent out their unoccupied properties. Rome is home to a huge number of American and British expats. Italian cuisine is among the most favourites around the world, and for foodies, living in Rome equates to living in paradise. The Vatican will be celebrating a holy year, a Jubilee year, which comes around once every 25 years. Rome is a foodie's paradise and there are several renowned culinary arts academies in the capital city.
The Italian Chef Academy is one of the best culinary arts institutes in the entire world. If you have a rental property in Rome, be prepared for a long-term lease agreement that can be managed by UpperKey.
Rome is a popular destination for travellers. Listing a property on Airbnb means you'll be up against a lot of competition. There are different types of letting in Rome, short, medium, and long-term. Some rules and regulations apply to short-term letting here in Rome. Listing a property on Airbnb may not be as easy as you first might think.
High-quality photos and extra care are needed to ensure your property stands out in a crowded market. Enhanced cleaning can improve the guest's impressions and experience when staying at an Airbnb property. Listings shouldn't just include details about the interior, but also the surrounding area. Some Airbnb hosts choose to go the extra mile and offer extra touches like a welcome gift for guests. Update your listing immediately if you make cosmetic changes to the property or add/take away amenities.