Rental management in Madrid: discover our Property Management service

What is a rental management service in Madrid?

A rental management service allows you to delegate tasks related to a rented property, such as monitoring the tenancy agreement and payments, communicating with the tenant or dealing with issues. These tasks must be carried out in accordance with theUrban Leases Act (LAU) and all other applicable obligations.

At Engel & Völkers, rental management forms part of ourProperty Management service in Madrid, which also covers the administration, maintenance and care of the property. This means it can be adapted both to rented properties and to properties without tenants.

Why hire a rental management service in Madrid?

Proper monitoring helps keep the property in good condition and identify issues before they lead to more costly repairs. In this way, professional management can also help protect the value and profitability of the property.

The main benefits include:

• You save time by delegating administrative tasks and the day-to-day management of the rental.

• You gain peace of mind by having a specialised team that acts as your point of contact for any issues that may arise.

• You protect your property thanks to regular monitoring of its condition and the coordination of any work required to keep it in good condition.

• You receive personalised advice tailored to the characteristics of your property and your needs as an owner.

What does our rental management service in Madrid include?

Our Property Management service adapts to the needs of each property and allows owners to delegate different tasks related to its administration, maintenance and monitoring.

Administrative and document management

Property administration involves keeping various documents, obligations and procedures related to the property up to date. Our team takes care of monitoring them so that the owner does not have to handle these tasks personally.

When the property is rented out, the service may also include monitoring the tenancy agreement, rent reviews, homeowners’ association agreements, local taxes and operating expenses.

Issue management and maintenance

Resolving issues quickly helps keep the property in good condition. Our team manages the opening and follow-up of claims and incidents with insurance companies, coordinates quotes with trusted suppliers and oversees repairs and maintenance work.

This gives the owner a single point of contact and avoids having to personally coordinate each intervention.

When necessary, the service may also include coordinating cleaning and preparation of the property.

Personalised advice

Every property and every owner has different needs. That is why having a single point of contact makes decision-making easier and allows any questions to be resolved quickly.

How does our rental management service work?

• We analyse the characteristics and needs of your property.

• We design a tailored solution.

• We assign a specialised property manager.

• We centralise the management and monitoring of the property.

For properties intended for rental, the service can also be complemented by support from the Engel & Völkers sales team to market the property whenever necessary.

How much does a rental management service in Madrid cost?

The cost of a rental management service depends on each owner’s needs and the characteristics of the property. At Engel & Völkers, we offer different options to adapt the service to each individual case.

For rental properties, we offer the following options:

• Our comprehensive management service has a fee of 4.5% of the monthly rent and includes administrative and document management, issue monitoring, maintenance coordination and personalised advice.

• For owners looking for greater protection, the Premium option, with a fee of 8% of the monthly rent, includes additional services such as a rental payment guarantee in the event of non-payment.

Our team will analyse the characteristics of the property and the owner’s needs to offer the most suitable solution.

Why choose Engel & Völkers to manage your rental in Madrid?

Delegating the management of a property means placing your trust in a team capable of coordinating its different needs and providing close, transparent support. At Engel & Völkers, we combine the experience of an international brand with a specialised Property Management service tailored to the characteristics of each property and the needs of each owner.

What sets us apart?

• International experience. We are present in 35 countries across five continents, allowing us to offer a service backed by extensive experience in the real estate sector.

• A trusted network. We have more than 900 shops and over 16,700 professionals specialising in property sales, rentals and management.

• A comprehensive service. We coordinate the different needs of the property through a single team.

• Personalised advice. Each owner has a dedicated property manager who provides close support and adapts the service to the characteristics of each property.

• Commitment to quality. We supervise maintenance work and coordinate the necessary actions to help keep the property in good condition.

Delegate the management of your rental in Madrid

Save time and leave the monitoring of your property in the hands of our specialised team.

Contact Engel & Völkers and discover how we can help you withour Property Management service in Madrid.

Frequently asked questions about rental management in Madrid

Can I hire the service if I already have a tenant?

Yes. The service can be adapted to a property that is already rented out and can include monitoring the tenancy agreement, payments and communication with the tenant.

Can I hire Property Management if my property is vacant?

Yes. The service can also be adapted to properties that are not rented out, with tasks related to their maintenance, administration and care.

What happens if the tenant stops paying?

The Premium option includes a rental payment guarantee in the event of non-payment, subject to the conditions of the service.

How can I hire the rental management service in Madrid?

Contact our Property Management team to assess the needs of your property and find out which options are available.