Owner Glossary
All Questions A–Z regarding temporary rentals
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How to calculate the Rent?
As the owner of the apartment, you should calculate the rent you expect as ‘warm rent’ i.e. rent that is inclusive of all costs. To avoid incurring higher costs due to overconsumption, you can also separately declare the costs for power and gas (which you have included in the warm rent already). After the tenant moves out you can show them the meter readings, if this is required. This makes more sense for long-term tenants.
One of the main questions that owners ask is about how much they can get per square metre. This is not so easy to calculate for a furnished flat compared to an unfurnished one. To calculate price per m² for a furnished apartment, you must always look at the bigger picture. You must see the style of the furniture, number of tenants, number of bedrooms, etc. For example, for the same area of 85m², a two bedroom apartment would obtain more money than a one bedroom apartment.
Owners should always be aware and have an overview of the market. You can search for furnished apartments, available on the Crocodilian website.