Realities around renting out a place in Portugal

So, a lot of people buy places in Portugal for their GV with the intent to rent them out to help pay for them.

From all that I’ve seen, it seems as though it’s not really a great money-maker - that by the time you pay taxes and service and utilities and whathaveyou, you might break even or make a percent or so. You might do better than that on a vacation rental perhaps.

Is it working out differently than that for people?

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agreed. I would love to see a pro forma from someone with experience on this topic.

Outside Covid times there were reasonable returns on properties in Lisbon and Porto, all year round. Other locations like Algarve there is more of a holiday season (summer). Longer term rentals are possible, produce lower return but have lower costs. Holiday and short term rentals need a lot of local support and all the services costs are with you. Always a good idea to work with a local management company. The best ones are the longest established.