5 Common Mistakes When Renting Out Your Home in Los Alamos (And How They Cost You Money)
You own an apartment in Los Alamos, one of the most sought-after areas on the Costa del Sol. You list it, ten people call, and you choose the first one who seems “nice.” Careful! You have just committed the first of many mistakes when renting out that we see daily.
Long-term rental is a very profitable business, but it is full of legal and financial traps if not managed professionally. At Sunstay, we have rescued many owners from complicated situations. To prevent this from happening to you, we have compiled the most serious errors.
1. Choosing the Tenant by “Intuition” (Not Solvency)
In Los Alamos, the tenant profile varies greatly: from executives working in Malaga to foreign digital nomads.
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The Mistake: Trusting only good looks or a payslip that could be fake.
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** The Sunstay Solution:** We don’t trust appearances. We perform a rigorous financial scoring. We check defaulter files (FIM) and verify the authenticity of income, especially if it comes from abroad.
2. Setting the Price by “Guesswork”
If you set a price too high, your home will sit empty for months (losing money). If you set it too low, you will lose profitability year after year.
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The Fact: Many owners ignore that Los Alamos has micro-markets. A frontline apartment is not worth the same as one in the complex behind it, even if they are the same size.
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Tip: Get a professional market analysis before listing.
3. Not Making a Detailed Photographic Inventory
This is one of the mistakes when renting out that generates the most arguments at the end of the contract.
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The Scenario: The tenant leaves, and the sofa is stained, or a lamp is missing. They say “it was already like that.”
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The Solution: At Sunstay, we carry out an exhaustive photographic inventory and a video of the property’s condition, which is annexed to the contract. Thus, there is no room for doubt regarding the deposit.
4. Neglecting the Contract Drafting (LAU)
Downloading a contract template from the internet from 2010 is playing with fire. The Urban Leases Act (LAU) changes constantly in Spain.
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Null Clauses: Including abusive clauses (such as preventing legal extensions) is useless and can bring you legal problems.
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Deposit (Fianza): It is mandatory to deposit the bond with the Junta de AndalucĂa (AVRA). Failure to do so carries serious fines. You can check the official regulations here (External link).
5. Forgetting Default Insurance (Seguro de Impago)
What happens if the tenant stops paying? If you don’t have insurance, you face months of uncertainty and legal costs. At Sunstay, we manage default insurance that guarantees you collect the rent month by month, no matter what happens. It makes the difference between sleeping soundly or not.
Rent Without Risks in Los Alamos
Avoiding these mistakes when renting out is easy if you have the right partner. Your property in Los Alamos is a valuable asset; treat it like one.
Leave us the keys, and we will take care of filtering, managing, and guaranteeing your peace of mind.
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