Giant increase in rental prices sets a new trend in the real estate market. This, real estate rental by room. It is a booming rental method, not only due to the increase in rental prices, but also due to other factors such as inflation, increase in CPI, increasing trend in interest rates and lack of rental housing supply. well below current high demand. This is how experts spot house, a platform specializing in offering medium and long-term rental accommodation. According to this company’s data, in this scenario, room rental demand has increased by 40% in recent months. In this sense, “an unprecedented contraction in the rental housing supply and the constant increase in prices as a result of inflation have conditioned the supply in the center of the cities, thus increasing the demand for rental rooms in comparison. up to full floors. This is so because a room in a shared flat can be up to 60% cheaper than other rental options,” explains Álvaro Marín, Market Manager, Spotahome Spain.
In this way, both the increase in rent prices and the low supply of real estate caused not only students but also workers to resort to this path. room rental in shared apartments. On the one hand, there are many citizens who cannot afford to pay the monthly rent to rent a complete house, and on the other hand, it is becoming increasingly difficult, if not impossible, to find available rental properties. low rental property supply.
Advantages of applying to rent an apartment on a room-by-room basis
With all this, the current situation appears as follows: interesting opportunity to rent rooms in shared apartments. This is a cheapest option for tenantHaving the ability to share experiences with roommates while facing a cheaper monthly payment .
along the same line, Benefits for rental landlords. Landlords who rent their property by room benefit from:
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A a more profitable method than renting the whole house or traditional rentingbecause income is generated for each room.
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this is very good Opportunity for those who do not want to rent their entire house because they live in it., but has an unused or empty room. In this case, renting a room also allows them to earn extra income for the room they do not use.
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This method is also an interesting option. elderly people who live alone and have a house with empty rooms. By renting a room, they make friends and also get a new source of income.
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Another big advantage to rent a room is to avoid occupation. Many owners own second houses, that they only use on vacation, or that they only have but do not live in. Such houses are the most prone to occupation, as they remain empty and inactive for a long time. In order to avoid these situations, some rooms can be rented so that there is movement in the house and therefore the possibility of occupation is very difficult.
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Finally, Renting by room can be the first step for insecure landlords who do not take the step of renting their entire home to a tenant for fear of occupancy, non-payment, abuse or loss or damage.because this type of rental allows the owner to access the common areas of the house (not the rented rooms) and thus check that the property is in good condition and that the rules set in the contract are followed.
Spotahome Plus plan
the last scenario mentioned to highlight Advantages of renting an apartment on a room basis It is used to provide the service your company offers. Spotahome Plus plan. It is a package designed to give the landlord peace of mind while renting their home, as it provides damage protection, tenant background checks, month-to-month payment guarantee and coverage against early departure.
This way, Landlords are protected against the main risks when renting their homessuch as non-payment or damage.
Spotahome Plus Plan Guarantees rental income on the 5th of every month, because it is the platform itself that is responsible for making the payment directly to the owner. Likewise, the package in question is processed into a verification that ensures the identity and quality of potential tenantsreview your criminal history, previous non-payment issues or other circumstances.
Finally, Spotahome Plus plan It also covers the tenant’s departure up to a month early and provides protection against losses where the owner will be compensated for the equivalent of two months’ rent payment.