Short rentals apartment expenses
Are you going to rent out your property in Paris? If you don’t want to hire a property manager, you will need to collect lots of information! Here is some info about ordinary and extraordinary expenses.
If you want to rent out a property in Paris as accommodation for travelers, I deeply recommend hiring a property manager. It is a pro capable of managing every aspect of the house. Even if property managers ask for a percentage of the income or for a fee, this will set you free from lots of responsibilities. For example, property managers know how to manage expenses of all kinds. Here are a couple of examples.
Expenses of short rentals apartments: who has to pay?
A holiday home involves a series of ordinary and extraordinary expenses which are completely covered by the owner. If, for example, the boiler breaks down, the air conditioner stops working, or the plumbing or electrical system has a breakdown, the costs for interventions and repairs are up to the owner of the property and, above all, it will be necessary to intervene immediately to meet expected or even ongoing bookings.
In the event that the problem is caused by the guests, it will be possible to request compensation for damages, however, these are not easy situations to manage. Much will depend on the damage and the actual responsibility of the guest.
In short-term rentals, all ordinary expenses (internet connection, electricity, gas supply, heating, etc.) will also be paid by the owner.
At the end of each stay, the apartment must be completely cleaned before letting it out to new guests. Not to mention that between one rental and another, it is essential to repair quickly damages. This will make the accommodation always welcoming.
Read more about Renting out a property, rules and transactions