All Forum Posts by: Rui Dias Costa

Hello,

I have a friend that owns a property in Lisbon. He intends to turn it into a short term rental. 

Does anyone have experience with working with a short term rental management company in Lisbon and/or recommend one?

Thank you.

Regards

Quote from @Chris Barrett:

Based on the translation that would be short term rental (vacation rentals) and mid-term rentals (month at a time)?

Hi,
I believe they have legal definitions and frameworks. Translation probably won’t give you the definition / information you need to form an opinion. 
Don’t know more than this. Sorry. Recommend that you speak to someone that actually does STR or is a professional. 
Regards

Quote from @Riaan Knoetze:

@Mike Lambert @Rui Dias Costa,

Can you maybe share a high-level list of the proposed AL changes? The biggest ones I'm aware of include:

* Limit the availability of new AL licenses to only interior districts;
* Increase the tax rates for AL;
* Force a review of existing AL licenses in 2030;

 Don't know. Sorry.

Regards

Quote from @Chris Barrett:

Ruis,

It's my understanding that all vacation rentals that are operated out of a single family residence require the AL license.

It is my understanding that you can do STR has "Alojamento Local" or "Arrendamento Curta Duração". The framework is different though. From what have been explain to me there are advantages and disadvantages in both situations and they aren't exactly interchangeable.

Don't know much more than this. 

I do recommend you seek a professional (probably lawyer).

Regards

Hi,

I will start by disclosing that I don't have experience in STR and I lack significant legal knowledge.

That said, from what I have been told, the law is being written to focus on "Alojamento Local" and leaving the other types of STR has they exist today.

I do recommend (after the law is approved and it will most likely will) a talk with a good lawyer to understand exactly what changed and how to frame the business appropriately.

Best regards.

Hi Andreas,

I would definitely pay an experienced contractor to go give me an opinion and a bid for the remodel. It might be money wasted but I wouldn't like to find a surprise mid-stream in this old flats...

Regards,

Rui

Hi,

I am struggling to understand what is the relevance of the rents and loans furlough to the rent and RE prices. When they finally end, how do you think they will translate into the market? Will the rent and RE values fall? Will bank credit still be around (at what terms)?

Does anyone have an historic framework in mind that we can use to navigate todays reality?

Any help would be greatly appreciated.

Regards, Rui

Originally posted by @Andreas Nicolet:

Hi everybody, I recently joined the Forum because of this topic. I'm 38 years old with a background in corporate finance, and recently moved to Portugal for a job opportunity in the cleantech space, and have decided I am going to get into the RE investment space. I'm looking for likeminded, hopefully already successful individuals, who would like to chat and share stories about the opportunities and ways of working in RE here in Portugal.

Any meetups happening in Lisbon, remote- or on-site? Or if anyone is up for it, let's grab coffee?

 Hi Andreas,

I remote meet-up sounds like a great idea.

Regards, Rui

Hi Mauro,

A a few years ago I looked at condos at Entroncamento, at the time a friend suggested that I should really get to know the city before buying there. Apparently there are significant differences in tenant "quality" from one street to the next. In one street it might be a great deal, the next it may be a nightmare. 

Anyways, knowing the area seems a good advice seems a good advice and a prerequisite for consistent success.

Regards, Rui

Originally posted by @Ricardo Matos:

Sure, no problem.

In order to get those GROSS (not Net - I wish!) 25%, I work on finding deals where I can get T0-T2 apartments for less than €5000 each. Then I put on average €8 - 10K on rehab (I have my own team). In the region of the interior, with a good product, I can get a minimum of 250€ rent. Of course I always approach the market with a higher rent value.

 Hi Richard,

Thank you for your clarification. Now I understand and makes sense. You get apartments at very good price, I live in the interior but where I am looking I can't find anything near that price point. I need to expand where I am looking and probably how I am looking.

Thank you again for the candour.

Regards, Rui