Letting Property in Portugal.
Great info about buying Portugal property!

Letting property in Portugal is currently hugely popular which the increase in demand for tourist accommodation. However, rental income rarely covers all the costs associated with a property, such as mortgage, maintenance and management agent fees. Because of this, the best advice is to not buy if the rental income has to cover all of your costs. Assessing the local rental market is imperative to maximise rental yields. Take into account the proximity of transport links and of local tourist attractions and seek advice from local rental management agents. Remember, renting out to the local market may achieve less rental income compared to tourist rental, but may provide less rental voids. Maybe a mixture of the two markets is a solution.

Letting property in Portugal also depends on your readiness to let out your property to the rental market full of strangers, but also remember that relying on renting out to your family and friends only will restrict your income substantially, so bear that in mind when working out your figures and running budgets.

You can organise the letting out of your property in Portugal yourself, perhaps using a website to attract attention and customers to the property. However, if you are not planning on living near your property when you rent it out, you will need to employ the services of someone to clean the property and to handle the key handovers and breakages. Many property owners rent their properties through letting agents who will see to getting customers in the property and management agents to see to the cleaning and maintenance. However, letting agents usually charge around 20% of the rental income and management agents will usually charge a monthly fee. You will need to ensure your Portuguese property is adequately furnished and appliances kept in working order.

For more information on letting property in Portugal, click the link below for details on selling a property in Portugal.

Selling Property in Portugal