RENTING OUT

You may be looking to generate some income from your property when you are not using it yourself. There is strong demand for well-built and well-equipped properties on Paxos, both during the main summer season and increasingly out-of-season too. You should therefore have no difficulty in renting out your property, provided it is in the right location and finished to a high standard.

If you are contemplating buying or building a property mainly for investment purposes, Paxos Property Agency can provide you with advice as to the rental market and the features that are most in demand, for example size of property, location and facilities before you buy or draw up plans for your property, to enable you to maximise the return from your investment.

Whether you are contemplating renting out your property through a tour operator, in partnership with them or independently, we can provide comprehensive advice and assistance. If you are contemplating renting it out independently, our expertise in this field will be invaluable, as we can offer both initial advice and help with securing lettings, which we do on a commission basis. These are the three main options for renting out your property:

a) If you have bought your property mainly for investment purposes and do not want to have any involvement in renting it out, you may wish to contract it to a tour operator for the whole season. If you wish to do this, we can help you to negotiate the best possible contract without any hassle.

b) If you would like to receive some rental income from your property but still retain a number of weeks for use by yourself and friends, contracting it to a tour operator may not be an option and you may prefer to rent it out independently. If this is you preferred option, our expertise in this field will be invaluable, as we can offer both initial advice and help with securing bookings. We may be able to help you to rent it out to a tour operator on an ad hoc basis and we can also offer a number of advertisement and placement options through our own and other websites to help you to sell the vacant weeks. We charge 15% commission on all bookings we obtain for you, leaving you free to advertise the property yourself in magazines and newspapers. And you will be able to offer as comprehensive a package as you wish, as Paxos Property Agency can also offer a comprehensive range of travel and resort services tailor-made to meet the specific requirements of people renting your property (transfers, taxis to the accommodation, car hire, ‘Meet and Greet’ service, welcome packs, maid service, villa visits, our 24-hour emergency number and back-up service, the advice of our friendly resort manager and a range of pre-bookable activities). We are extremely flexible and it is for you to decide exactly which services you require. Details of our services and charges are shown in our factsheet on renting out property on Paxos.

c) Even if you only wish to rent out your property to friends, we can still help you by providing whichever travel and resort services you require.

We have produced a comprehensive factsheet on renting out property on Paxos and if you would like to download a copy, please click here.

For further information or to arrange an appointment, please email us.

Chris Griffiths