The advantages of renting your apartment to expats
Renting to expats with Globexs
The rental market in Europe
3 types of rentals
In most major cities in Europe 3 types of rentals coexist: Traditional long term unfurnished rentals, mid-term (3-11 months) furnished rentals and short term holiday rentals. The holiday (airbnb) market is clearly saturated in a lot of cities (such as Barcelona, Amsterdam, Paris, etc). Traditional rentals scare many apartment owners because of potential payment problems and the risk of a bad tenant (with no way of kicking him out). However, more and more apartment owners in the larger European cities are choosing for mid-term expat rentals and are renting to expats.
What are expats looking for?
When the duration of the foreign assignment is less than 1 year, what often is the case, the expat encounters important challenges and obstacles when searching for an apartment and often ends up using the services of a company like Globexs. What are expats looking for?
- mid-term (1-11 months)
- fully furnished rental apartments
- affordably priced
- with flexible contracts
- with all expensed included in the rental price
This kind of rentals is exactly what foreign professionals are looking for, and clever apartment owners recognize the opportunities.
The market for expat rentals is growing
Are mid-term rentals exclusive for expats? No, of course not. Not only expats are looking for mid-term furnished rentals, but the growing trend of global mobility is increasing the demand for flexible housing.
More and more people work online and location independently, and live accordingly: The move around and live in a different city every few months. This growing group of digital nomads is specifically looking for mid-term expat rentals. Indeed, a lot happened since 1980 when Dolly Parton released the song 9 to 5, and more and more people are trying to avoid the standard 9-5 model of work. In fact, by 2035 there will be an estimated 1 billion of digital nomads roaming the planet. The housing market is responding.
What are the advantages of renting to expats?
Expats are foreign professionals. They move to a new city for a certain period (usually between 1 and 11 months) for a project or an assignment, or simply because they want to breath a fresh air (and their location independent job allows that). They are the perfect tenants for a number of reasons:
- Minimum risk of payment problems.
- The owner keeps the control over the apartment.
- The rent is much higher than traditional rent.
- Tenants are usually very educated people who take care of the apartment.
- The owner can use his apartment whenever he wants (for example to spend his holidays).
- Owners feel the satisfaction of actually helping expats settling in.
Why renting to expats with Globexs?
Why use the Globexs platform?
Globexs is the number one platform for expat rentals with 12 years experience. We are the industry reference in Spain and Belgium. Apartment owners love working with Globexs for many reasons:
- Globexs finds the right tenant for the right apartment
- No payment problems. The owners are paid by Globexs every month.
- Globexs takes care of the rental contract.
- Globexs is the contact person for both owner and tenant. We solve problems.
- 24/7 service for owners and tenants.
- Globexs is completely free for the owners (except start-up fee of 99€).
- Globexs takes care of the apartment.
At Globexs we dedicate a lot of time explaining to home owners the specifics of renting to expats. Renting to expats can be very lucrative, on the condition that it is managed correctly. The management of an expat apartment requires a relationship of trust and confidence between the owner and Globexs. At Globexs we have 2 types of customers: expats and apartment owners. Expats come and go, but apartment owners are customers for life. Their apartments are in good hands. We control, manage and adjust when necessary.
How to use the Globexs platform?
What is the Globexs experience?
At Globexs we are specialized in expat rentals regardless of the budget of the client. As a relocation company we try to go the extra mile. Our job is not finished until our clients are completely settled in and comfortable in their new home. Our job is to make people feel welcome. That is the Globexs experience, and that is what distinguishes us from traditional rental companies.
Welcome to Globexs, we are at your service... Read more about the Globexs experience.
Globexs is the industry reference for expat rentals in Europe. Click below to contact us for more information.