Pedro Correia Real Estate

Free yield and tax audit: what the property earns, what it costs, what it should earn

By Pedro Correia · Last checked: 2026-10-10

Most owners I meet have never seen their property's numbers on one page: the income, the real running cost, the tax rate they are paying versus the one they could pay, and the rent or nightly rate the market actually supports. The audit puts them there.

What the report contains

  1. Current position. Gross and net income last 12 months, all running costs, net yield on today's market value.
  2. Empty-property exposure. Whether the house could be classed as devoluto, what the IMI increase would be, and what insurance and squatting risks are uncovered. See the empty-house guide.
  3. Tax options. Rental income at 25% versus the reduced rates for longer contracts, the short-term rental simplified regime, and the deductions you may not be claiming. See 25% or 10%.
  4. Market comparison. What similar properties in your street rent for long-term and short-term, with occupancy, from live listings and my own bookings.
  5. Three scenarios. Keep as is, long-term let, short-term let. Net figure for each, after tax and management.
  6. Recommendation. What I would do with the property if it were mine, and what it would cost with me.

Why I can do this quickly

I keep this exact sheet for my own 15 apartments and update it every quarter. Your property goes through the same template, with Algarve numbers from my own bookings rather than national averages.

What it is not

It is not a valuation for a bank or court, and it is not a sales pitch for a short-term rental. For some properties the honest answer is a long-term tenant, or selling.

Request it

Use the form on the home page or send the address and current use on WhatsApp. I reply personally within 2 business days.

FAQ

Why is it free?

Because it is how I meet owners. Around one in three audits turns into a management or sale client. The other two keep a useful report, and some come back later.

What do you need from me?

The address, the current use (empty, family use, long-term let, short-term let), last year's income if any, your IMI bill and your rough annual costs. Ten minutes on WhatsApp is enough.

Is this tax advice?

No. It shows which legal options apply to your case with the numbers. Your accountant files the return; I am happy to talk to them.

How long does it take?

You get the written report within 2 business days of sending the details.