Making the most of your property in Erlangen
Did you know that the proportion of short-term lettings in major German cities like Erlangen has risen by over 30 % in recent years? But which is more lucrative: long-term letting or using platforms such as Airbnb? Each rental strategy harbours advantages and challenges - be it the financial return, the administrative effort or legal aspects. Find out which option is best suited to your property in Erlangen and how you can maximise your income.
Advantages and challenges in comparison
1. long-term letting: stability and predictability
Traditional long-term letting remains a safe choice for many property owners in Erlangen.
- Advantages:
- Plannable income: Rental agreements guarantee constant income over several years.
- Less administrative work: One-off tenant searches and long-term tenancies reduce costs.
- Tax advantages: Income from long-term lettings is easier to plan for tax purposes.
- Challenges:
- Limited returns: Rents are often limited by the rent index.
- Legal ties: Tenant protection laws can make terminations more difficult.
2. short-term rentals with Airbnb: flexibility and higher returns
With its university city and international appeal, Erlangen is an ideal location for short-term lettings.
- Advantages:
- Higher potential returns: Short-term lettings often generate higher income per night.
- Flexibility: Own use of the property possible between bookings.
- Attractive target group: International guests and business travellers appreciate individual accommodation.
- Challenges:
- Administrative costs: Constantly changing guests requires time and resources.
- Legal restrictions: Short-term lettings are subject to strict regulations, e.g. the misappropriation ordinance.
- Volatility: Revenue is heavily dependent on capacity utilisation and seasonal fluctuations.
3. which option suits you?
A comparison helps with the decision:
| Criterion | Long-term letting | Airbnb/short-term rental |
|---|---|---|
| Revenues | Stable, but limited | High potential return |
| Administrative expenses | Low | High |
| Legal aspects | Clearly regulated | Strict regulations |
| Flexibility | Low | High |
Tips for property owners
Practical tips for your letting decision:
- Analyse the situation: Central properties in Erlangen are better suited for short-term lettings.
- Check legal requirements: Find out about local regulations on short-term rentals.
- Calculate costs: Take into account administration and maintenance costs.
- Use tax advice: Seek advice on the tax differences between the two options.
Maximise your yield
Find the optimal strategy for your property in Erlangen:
- Free property valuation: Find out the market value of your property from my-home.de.
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Utilise your potential
Whether it's a long-term rental or Airbnb, the right strategy depends on your individual goals and the nature of your property. Get the most out of your property in Erlangen with the expertise of my-home.de. Contact us today for a no-obligation consultation!
Q&A: Frequently asked questions about letting in Erlangen
Yes, but there are strict regulations on misappropriation. Contact the city council for information on licences.
Centrally located, well-equipped flats with good transport links are in particularly high demand.
Income from short-term lettings must be taxed as income. Tax advice is recommended.
Yes, long-term lettings offer stable income and less administrative work.
A professional property valuation and advice from my-home.de will help you make the best decision.
Yes, but legal and tax consequences should be considered.
The costs are usually between 15 % and 25 % of the rental income, depending on the service provider.
Disclaimer
The information, recommendations and legal explanations contained in this guide are intended solely as non-binding advice. We assume no liability for the timeliness, accuracy or completeness of the information. This is not legal advice in the legal sense, and the contents cannot replace individual advice from a qualified lawyer or tax consultant.For legal issues arising in connection with property sales, the drafting of contracts or tax aspects, it is essential to seek professional legal advice. Our advice only provides an initial orientation and cannot represent a customised solution due to the complexity of the legal situation.
If you need assistance in selecting a suitable lawyer, we will be happy to help you and, if you wish, put you in touch with a suitable lawyer or specialist advisor. Please contact us at service@my-home.de.