Suspension of Short-Term Rental Licenses: LovelyStay’s Alternatives to Maximize Your Property’s Profitability

In response to the significant increase in short-term rentals in Lisbon, the Municipal Assembly approved a proposal on November 5th to suspend short-term rental licenses in the city. This measure, initially valid for six months and with the possibility of renewal, aims to reduce the ratio of short-term rental properties in neighborhoods where the proportion of short-term rentals to residential properties exceeds 2.5%. The suspension will remain in effect until the overall ratio in Lisbon falls below 5%, currently at 7.2%, justifying its application across the entire city until a new regulation is implemented.

In light of these new regulations, property owners looking to operate in the short-term rental market may face challenges; however, there are profitable and secure options to adapt to this new landscape. LovelyStay, a leader in property management, offers an innovative and attractive solution for those seeking alternatives to short-term rentals: property management services for medium- and long-term stays.

01 | LovelyStay: Solutions for Medium- and Long-Term Property Management Nationwide

With proven experience and a specialized team, LovelyStay provides a comprehensive and optimized management model for medium- and long-term rentals, meeting the needs of a growing market and the requirements of property owners alike. Known for its strategic, personalized approach, LovelyStay combines technological innovation with in-depth real estate expertise to ensure that every managed property maximizes its rental potential securely and with continuous support.

02 | Vantagens e Serviços Exclusivos na Gestão de Estadias de Média e Longa Duração da LovelyStay

LovelyStay offers a full range of services to ensure that owners make the most of their properties even with the suspension of short-term rental licenses. Key services include:

1. Market Analysis and Profitability Study: A detailed assessment of each property’s potential based on factors such as location, property type, and market demand. This study allows owners to understand the profitability potential before starting any operation.
2. Listing on Leading Rental and Booking Platforms: LovelyStay ensures the property is visible on major rental and real estate portals, enhancing exposure and demand.
3. Tenant Acquisition and Verification: A rigorous process for tenant selection and verification is conducted to ensure security and protection for the owner.
4. Comprehensive Financial Management: LovelyStay manages all financial aspects, like income and tax management and processing, saving time and effort for the owner.
5. 24/7 Tenant Support: LovelyStay provides continuous support to meet tenant needs promptly and efficiently.
6. Specialized Consulting: Assistance in legal, tax, and design matters, enhancing the property’s appeal and value.

Even with the suspension of short-term rental licenses, LovelyStay is the ideal partner for property owners looking to maximize their rental income in a safe and efficient way. To learn more about LovelyStay’s medium- and long-term management solutions, contact our team at sales@lovelystay.com or via WhatsApp.