Do you own property in which you live, but you always have that one room you don’t know what to do with? Renting out a property might be the best thing to do. It can be a nice extra revenue stream and even help you pay your mortgage.
But how should you equip your room? And how do you find tenants? And what are the rules? Keep reading and find out.
Equipping a rental room
Rooms are specific types of rentals that attract a particular kind of tenant. At the same time, not a rule, tenants who look for rooms tend not to be the most well to do or don’t need to rent out a whole apartment.
People like students, digital nomads, early immigrants to a country, and single workers all look for rooms as extraordinary cost-saving measures. But this does not mean your room should look cheap.
Try to make sure the tenant will have enough privacy and space to feel comfortable and have a nice place to sleep and work.
Also, you should be ok with them having friends or lovers over, and the room’s equipment should reflect that (more than one chair and a giant bed can make the space a bit more friendly to visitors).
Also, make sure there is a workspace. Students and digital nomads especially will look for rooms where they can work without being disturbed.
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How to find tenants in Barcelona
A great way to find tenants for your room in Barcelona is through an intermediary. Companies like Airbnb have found it difficult to operate for reasons we’ll get into later.
But companies like Flatio, which offer monthly rentals, give a great renting out experience with tons of help, lease agreement and care for its landlords and access to a large number of tenants.
Another great way to find tenants is through online listings and sites.
Rules for renting out rooms in Barcelona
Barcelona has become the first city in Europe to combat the rise of short-term room renting, which has spiked as a result of tourism and companies like Airbnb.
The city has passed a complete ban on renting rooms for fewer than 31 days. You can still rent out your room to a student for a year or a digital nomad for a few months, but short-term rentals of rooms are banned—though short-term rentals of entire apartments are still legal.
This decision was passed to curb the rising rent prices in the city. If this rule is broken, the landlord can face a fine of up to €60 000. But as long as you follow this simple rule, you should be fine.
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