Students, employees sent by companies, digital nomads… Monthly rental in Barcelona has become a sought-after solution for many types of travelers who live in the city for a period of time. And this ever-increasing demand is creating a great opportunity for the owners of holiday apartments who want to earn income from their empty properties. If you still haven’t entered into this growing market, perhaps it’s because you don’t know that to manage a monthly rental in Barcelona, you don’t need a tourism license.
Now you know there’s no reason not to rent your property for a minimum of 32 days and a maximum of 11 months, you need to know your target markets, their needs, and how to satisfy them. Today Lodging Management, professionals with more than 15 years of experience in seasonal rental in Barcelona, will tell you about the most common types of renters, what they’re looking for in the Ciudad Condal, and how we can help you reach them and help them choose you over your competition.
Erasmus, master, and MBA students or interns
Did you know that every year 42,000 university students from other countries choose Spain for their Erasmus destination? And that more than 190,000 students, according to the Ministry of Education, do masters in Spanish universities? If you have an apartment in Barcelona, perhaps it would interest you even more to know that in the last decade the Catalan capital has become the fourth most popular city for recruiting talent and the third most prized location in Europe for tech talent, according to EAE Business School. This growing academic prestige has led to an increase in month-to-month rentals by students attracted to the charms of a lively city. And this, in turn, creates a great income-earning opportunity for property owners. You can rent your property in advance, according to the departure date of the current renters, thus ensuring that your apartment is never empty. Don’t miss out!
Entrepreneurs and executives
When a business needs to send employees to another city for several months, using monthly apartment rental can mean great savings over booking hotel rooms or getting a long-term contract. On the one hand, the company can manage the accommodations with a predictable cost projection, and they can also avoid bank guarantees, large security deposits, providing lots of documentation, etc. And on the other, for employees required to spend some time away from their home, an apartment that is already outfitted with all the amenities they need makes them feel more comfortable and at home. These benefits all become opportunities for property owners, making the business of monthly rental in Barcelona more profitable than yearly rental. Normally the entrepreneurs and executives that engage this type of rental have high purchasing power and they are happy to pay more on a monthly basis for the flexibility of the contract, more complete services, personalized attention, and a privileged location that will allow them to enjoy leisure activities in the city after a long day of work.
Digital nomads
No office, no fixed residence. That’s the life of the digital nomad, a collective of travelers that trot around the globe with their computer in their backpack, usually staying in one place only for a month or a season. Barcelona has a reputation as a place very frequented by these freelancers, thanks to its climate, beaches, cultural offer, lifestyle, and an infinite number of coworking spaces and cafes where they can connect to the Internet at any time. So if you’ve decided to launch yourself into the world of monthly rentals, here are some more potential renters that you shouldn’t let escape!
Retired people in search of new adventures
We finish off our list of renters with retired people. Free of ties and responsibilities and with plenty of time available to explore new destinations, many include a visit to Barcelona on their list of things to do in this era of their lives. But the mild climate, the dynamic neighborhoods, and the undeniable tourism and cultural attractions of the Catalan capital often make them realize that a weekend or a few days isn’t enough to experience all the wonders offered by the city. That’s why monthly rental in Barcelona is the perfect formula for those who want to stay longer and get the most out of the city while recharging their batteries.
And now you must be wondering how you get in contact with your potential renters. How do I offer them this personalized service and 24/7 attention? How do I make sure that my seasonal rental property is totally equipped and impeccable throughout the months of the rental? That’s where Lodging Management comes in. We can give you worry-free income while we manage every aspect of your business. So now you know: if you want to earn income from your apartment in Barcelona without a tourism license, contact us and we’ll show you know everything we can offer.
