You have two options when it comes to finding a tenant, advertise the property yourself or hire a professional. As a foreign investor, hiring a professional is the easiest solution.
When it comes to professional help filling a vacancy, you have the choice between a property manager or an estate agent. If it is your intention to use a property manager, you might as well bring them into the equation immediately have them fill the vacancy then manage it. An estate agent will find a tenant for you, but does not offer all the additional services or expenses of a property manager. While it may be good business for you to pay the cost of the estate agent yourself, French law offers a provision for the cost of the estate agent to be shared between the landlord and tenant.
Advertising your property yourself to find renters must be well thought out. Depending on your market, you may only need to place a small ad in the local newspaper. Alternately, you may need to advertise nationally or internationally in multiple newspapers, websites, and magazines. Long term, unfurnished lets will obviously require advertisements less often for presumably less duration. Short term, holiday lets will require almost constant advertising in a variety of venues.
by Cheryl Hartzman, AboutFrenchProperty.com - Copyright © About French Property
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