• Tenerife, Adeje, Fañabe
  • Calle Londres 8, Yucca Park

Management of real estate abroad

SILK WAY STAR is a full-service agency. We provide a full range of services in the real estate market of Tenerife, including services for remote property management.


Many owners of real estate in Spain spend only an annual leave in their homes, and at other times rent out their purchased accommodation. In the Canary Islands, the demand for rentals is traditionally high and stable at any time of the year due to the climate and the lack of seasonality. Thus, among Russian buyers, the percentage of those who purchase real estate in Tenerife exclusively for subsequent lease is also high, which makes remote property management here very relevant.

 

Remote management includes: 

·Maintenance of housing

·Tenant search and placement of ads

·Conclusion of contracts

·Reporting to the owner

·Cleaning in the house before settling down tenants and after their departure

·Dealing with comunidad (HOA) on behalf of the owner when solving all administrative issues related to the maintenance and repair of housing, as well as payment of utilities.

The owners of luxury real estate abroad also often use the services of management companies. In this case, it is often not about renting out a house, but about taking care of the house and the land attached to it in the absence of the owner.


Yet, the high demand for remote management in Tenerife is mainly due to the need for assistance in real estate rentals, especially if it is a short-term lease which involves a frequent change of tenants. A short-term lease necessitates a large number of tasks that require the presence of the owner or his authorized representative.

 

These tasks include:

·showing and checking housing

·evaluation of possible risks

·exchange of documents

·transfer of keys

·solving current household issues

 

In Europe, remote property management is carried out by both real estate agencies and individual independent companies that specialize in this service. However, market experts recommend contacting companies that provide a wide range of services, and, if possible, using a remote management service in the same company that executed the purchase of the real estate. In Tenerife, as in the rest of Europe, large real estate agencies have all necessary experience and expertise to deal with such issues. In addition, the company that is interested in further profitable use and management of real estate will offer its customers profitable property units with good potential for leasing.

 

SILK WAY STAR specializes in a wide range of fields related to remote property management, such as insurance, taxation, legal matters, accounting, advertising, and marketing.


SILK WAY provides the following property management services:


- renting out a property
- payment of utility bills
- payment of taxes
- control over the progress of construction and repair work
- insurance and fixing of damage
- regular reports to the owner
- care of the house and garden
- cleaning before and after the arrival of tenants
- television and Internet connections

 

Silk Way Star S.L. | Calle Londres 8, Yucca Park, office bajo izq. | 38660 Adeje, Fañabe, S/C de Tenerife, Spain | +34 672 303 989 | info@tenerproperty.com