I Rent Out My Home

Damaged

What happens when damage has been detected?

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Damaged

What happens when damage has been detected?

As soon as we discover that damage has occurred to the house or that something has been lost, we will discuss this immediately with the landlord and tenant. Loftly mainly checks the “big” cases, where the landlord can supply an inventory list with us. Since we always withhold a deposit until the final inspection has taken place, we can recover damages from the tenant if necessary. It is also useful as a landlord to check whether your belongings are insured during the rental of your home.

Stuff

What kind of stuff do I need to remove and what can we leave in the apartment?

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Stuff

What kind of stuff do I need to remove and what can we leave in the apartment?

This is mainly relevant for private landlords who have recently occupied the property. Too much stuff can ensure that the house looks messy or attracts more dust. Precious items and items with emotional value are often removed or stored in a closet or room that can be locked. A tenant does need closet space, so the wardrobe needs to have storage / storage space.

Management services

What kind of services do you offer as company?

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Management services

What kind of services do you offer as company?

We’d offer financial and technical management

Technical management

What does technical management mean?

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Technical management

What does technical management mean?

Technical management is, as the name suggests, the management of technical maintenance in and around the house. Think for example of solving leaks or repairing central heating boilers, locks or windows. We can approach several regular partners what saves the landlord a lot of time. Loftly also coordinates the process of carrying out work with the tenant.

We offer optional technical management for 3% extra per month.

Financial management

What does financial management means?

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Financial management

What does financial management means?

Financial management is checking whether the monthly rental flows have been paid in time and possibly reminding tenants of missed payments. Financial management is already standard included with Loftly short-stay rentals.

Rent

How is the rent collected and paid?

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Rent

How is the rent collected and paid?

If you choose Loftly for management of the whole rental including management then we take care of the collection of the rent. Loftly pays you on the first day of the next month. The fee that you owe us will be settled monthly with the rent and you will receive a detailed payment of this. If you choose a one-off mediation without management at Loftly, only the first payment will go through us and you will be responsible for collecting the rent.

VAT rates

What VAT rate is Loftly using?

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VAT rates

What VAT rate is Loftly using?

The VAT rate of 21% applies to our mediation services. The VAT rate for cleaning is 6%.

Tax benefit

Is there a tax benefit when you are using Loftly services?

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Tax benefit

Is there a tax benefit when you are using Loftly services?

If you rent out a second home and are taxed according to box 3 then the condition is that you are not allowed to provide active labor for the rental income to be received. The tax authorities are very strict in this and the smallest actions can already be regarded as active labor. By working with Loftly you give active work, as it were, out of your hands and that ensures that you do not have to worry about whether your rental income remains untaxed. Costs incurred are not deductible in box 3.

If you are taxed according to box 1, the costs you pay for our service are deductible from the 70% of the rental income.

Tourist tax

Do I have to pay tourist tax as a landlord?

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Tourist tax

Do I have to pay tourist tax as a landlord?

As landlord you also have to pay tourist tax if a tenant does not register unless the tenant is already registered in Rotterdam. Then the tenant is not seen as a tourist. The tourist tax is 4.5 percent over the night price / rental price.

Short stay rules

What are the rules regarding short-stay rentals?

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Short stay rules

What are the rules regarding short-stay rentals?

Temporary rental has been possible since 2016 with more flexible rules. Since early 2018 it is not possible in Rotterdam to rent your home through Airbnb or similar websites for more than 60 nights. On the other hand, it is possible to draw up unlimited contracts (at least a month) with tenants as long as the stay has a residential character. Renting out for a few nights via Airbnb is only possible 60 nights a year. In this situation you keep the possibility to use the apartment again or to rent it out again in the near future.

Cleaning

What exactly is covered by cleaning?

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Cleaning

What exactly is covered by cleaning?

As soon as a tenant checked out, we ensure that the apartment looks completely in order again for home arrival or new viewings. We work with professional cleaners. If you have rented the house furnished, we also ensure that the bed linen and towels are washed. In addition, the cleaning team works with a checklist for tasks that they have to perform and you can update this checklist yourself if desired.

Sign up

I am interested in your service, where can I sign up for the rental?

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Sign up

I am interested in your service, where can I sign up for the rental?

Under the heading ” Rent your house ” or you can contact us via email: info@loftly.nl or phone: 010-307 32 53.

Short- vs longstay

What are the differences between short and long stay rentals?

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Short- vs longstay

What are the differences between short and long stay rentals?

Short-stay is a stay of at least one week and less than 6 months, long-stay is a stay of 6 months or longer. Short-stay homes are fully furnished more often than long-stay homes. At long-stay apartments, you often see that rental prices are excluding gas, water and electricity and in short-stay rentals this is often included. Short-stay rates are often more attractive for the lessor as the agreements are of a temporary nature and therefore more flexible, so you can ask for a higher rental price. With long-stay, tenants almost always want to register at the address and in short-stay this is not always the case.

Airbnb

Can I also temporarily rent my property through Airbnb?

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Airbnb

Can I also temporarily rent my property through Airbnb?

That’s certainly possible. If you are traveling for more than a month and for a maximum of two months then Airbnb is a possible channel that we can use. There are, however, a number of conditions before we start with this way of renting out. The minimum number of nights we use is 7. Unfortunately, we can’t help you if a number of short bookings have already been confirmed. Please contact us in advance to discuss the conditions.

Private house or investment

Can I rent my own house or investment?

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Private house or investment

Can I rent my own house or investment?

For convenience, assuming that there is still a mortgage on the house that you want to rent out, the first step is to make an appointment with the bank or mortgage provider. They will eventually have to give permission to you to rent the property. The money they have borrowed you is still in the home. On the other hand, banks do want to receive their interest every month and so they will consider whether and under which conditions the renting out of your house is possible.

When there is no mortgage on the house, you are simply free to do what you want and renting is no problem at all.

Loftly

What does Loftly do exactly?

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Loftly

What does Loftly do exactly?

Loftly is a short and long stay rental agency who is mainly active in the center of Rotterdam and the neighboring districts. We specialize in temporarily renting out living spaces to expats and international students. Our rental agreements are usually of a temporary nature with a minimum rental period of one month and a maximum period of two years. Rental for an indefinite period is also possible.

Loftly vs other rental agencies

What is the difference between Loftly and other rental agencies?

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Loftly vs other rental agencies

What is the difference between Loftly and other rental agencies?

Loftly combines the short and long stay rental effortlessly with each other. Most rental brokers offer their services from 6 months or a year and with us you can go for rental from one month. The minimum availability of a home must be 2 months.

Temporarily agreement

What is a temporarily agreement?

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Temporarily agreement

What is a temporarily agreement?

A temporary rental agreement differs from a contract for an indefinite period on a number of points. The main difference is that as a landlord you can terminate the rent according to the law on the end date stated in the agreement. The landlord must then confirm this in writing to the tenant at least 1 and no more than 3 months before the end of the tenancy. If this does not happen, the contract will automatically become indefinite.

Rental agreement indefinite

What is a rental agreement for indefinite period?

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Rental agreement indefinite

What is a rental agreement for indefinite period?

There is a lease for an indefinite period if no end date is included in the rental agreement. A tenancy agreement for an indefinite period can be canceled by the landlord if there is a legal ground for cancellation, for example, if the tenant has not acted as a good tenant. Think of considerable rent arrears or if the landlord can demonstrate that he urgently needs the rented home for his own use.

Insurance

Am I insured if I rent my home?

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Insurance

Am I insured if I rent my home?

Are you in possession of a house and do you want to rent it out? Then you must pass this on to your insurer and get permission from your mortgage provider. This also applies if you rent your home temporarily, because you go abroad, for example. In that case, some insurers will charge a higher premium for home insurance, because they assume that the risk of damage is higher when rented. There are insurers where you are automatically insured for private holiday rentals.

If you rent your house unfurnished you can often cancel your home insurance and take out a separate insurance policy. In some home insurance policies, however, you can simply set the value of household effects to zero, so that you do not pay more premium than necessary.

Screening

How do you screen the potential tenants?

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Screening

How do you screen the potential tenants?

Most of our apartments are leased to internationally operating companies or expats. We have close contact with a number of companies, so when they rent the apartment from us we know that the rental is good. In these cases, the company also pays the rent and the company is liable for any damage.

Expats are examined by us for reliability. We ask at all times for a copy of the passport, copy bank card, employer’s statement and the three most recent payslips. Once we have received this, we will contact the company where they work to check that all information is correct.

There are many international students who are looking for (temporary) accommodation in Rotterdam. They often receive a scholarship with which they can also pay for living space. In almost all cases the parents still guarantee.

Rental house

Can I sublet my rental house?

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Rental house

Can I sublet my rental house?

The law says that you may not sublet your rental property unless the landlord expressly gives permission for this. Subletting means that you rent a home and then rent it to another person.

In addition to what is stated in the law, it is also important to know what is in the lease agreement that you have signed. Usually, such a rental agreement states that subletting is not permitted without written permission from the landlord. If you do this anyway, you will trade in violation of your rental agreement. There is then illegal subletting. The landlord can then ask the court to dissolve the rental contract with the result that the rental agreement ends immediately.

If you have a social housing, it is simply forbidden to rent it to another person. That is stated in the regulations of the housing association, and you can better comply with those rules. If you do not do that, you run the risk of being removed from your home. An expensive fine can also be imposed.

Rent Out

Are there extra costs for me as a landlord?

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Rent Out

Are there extra costs for me as a landlord?

Fee

What are the costs of your service?

What are the costs of your service?

We charge a monthly fee on the rent. This depends on the period of rental. We work with a scale that is set up as follows:

Rentals less than a month (Airbnb) = 20% on the basic rent
Rentals 1 to 3 months = 15% including technical management, 12% exclusive technical management
Rentals 3 to 6 months = 12% including technical management, 9% exclusive technical management
Rentals longer than 6 months = 10% including technical management, 7% exclusive technical management

The above prices are all exclusive of VAT.

Rent Out

What tax rates apply to my rental income when I am renting out my home?

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Rent Out

What tax rates apply to my rental income when I am renting out my home?

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