A GUIDE TO BUY REAL ESTATE IN BUENOS AIRES
Even though the initial investment in properties for temporary rentals is higher, monthly income is far superior. However, temporary rentals require an active participation of the property owner, since tenants come and go constantly. This is the reason why it is recommended to hire a real-estate agency specialized in temporary rentals, particularly if the owner lives abroad.
In For Rent Argentina, not only do we work hard to keep your property rented, but we also offer you the possibility of managing your apartment. This service includes: a. Paying taxes and costs for services; b. Cleaning the apartment; c. Check-in and Check-out planning; d. Property maintenance and repairs; e. Monthly settlement and expense report.
The maximum term for a temporary rental is 6 months. If the tenant decides to stay longer, a new agreement must be signed.
Since foreigners come to Buenos Aires for tourism or business reasons, they know nobody to act as a guarantor. Therefore, the rent must be paid in advance together with a security deposit that will be retained to cover possible damages until the tenant leaves the property.
As opposed to 24-month or 36-month rentals, in the case of temporary rentals, the property owner is the sole responsible for paying the building maintenance fees and costs for services consumed (gas, electricity, water, etc.). Therefore, the property owner should consider this when he calculates the approximate monthly income resulting from temporary rentals.
To offer a property for temporary rental, it is a necessary condition that the apartment be furnished. The owner should furnish the apartment with chairs and beds for each tenant, a table, a coach, towels and lines, pillows, a dinner set, cooking utensils, a refrigerator, an oven, a microwave oven, cable TV, air-conditioning, Internet, telephone line, DVD player, etc. to offer comfort and increase the rent. Including maid services is also recommended.
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Even though the initial investment in properties for temporary rentals is higher, monthly income is far superior. However, temporary rentals require an active participation of th
* The following information concerns the requirements and legal process to buy and sell real estate in Buenos Aires. You may find some differences in the real estate buying or selling process used in other Argentine cities.