Renting your apartment to tourists is much more profitable than renting it on a long-term basis. Because, although it may seem impossible, when you have the right strategy, you can maximize the benefits of your property to unimaginable levels.
Traditional rentals are going through a significant price increase and everything seems to indicate that it is because of tourist rentals. As we all know, when there is a greater supply in the market, the price goes down in order to achieve greater competitiveness, as is happening with tourist rentals. On the other hand, traditional rentals are becoming less and less and, therefore, their prices are skyrocketing.
But then, how can it be more profitable for owners to rent in the short term? We explain below.
Vacation or short-term rentals: a trend that has managed to dominate the market
It is true that traditional rentals could provide more benefits if they were rented during the whole year at a very high price, but you would still be unprotected against any problem that may arise: unpaid rent, tenants leaving the property in bad condition and even unpaid expenses, etc.
All this is impossible when we talk about short term renting. In fact, this is your best asset when it comes to getting the most out of your property. Forget about worries and problems, nowadays, your manager and the platforms with which he collaborates take care of everything for you. However, it is true that for this to happen, it is absolutely necessary to have a strategy that allows you to keep it rented most of the time.
And what exactly do we mean when we talk about "strategy"? To know how, when and where to promote our property, thanks to a study that offers you the best offers and the best retributions: Both for guests and owners.
A paradigm shift in the way of searching for accommodation
Another factor that makes your holiday accommodation more profitable is the way in which guests plan their vacations.
Nowadays, when we start organizing our vacations, we do it through online platforms. This allows us to get better prices, availability, proximity to different places of interest and also allows us to do it from the comfort of our homes.
This has led to companies that are in charge of market research being of great relevance and of vital importance for homeowners. These companies allow and unequivocally ensure a great, safe and constant profitability.
How has Winahost made it possible for owners to achieve higher profits?
Collaborative tourism platforms have marked a before and after in the way we go on vacation. Nothing is the way it used to be and adapting is part of maintaining the profitability of our accommodations.
In the market study that is carried out to achieve a constant rent and, at the best price, different strategies are used. One of them is to advertise the rental of the property according to the needs of the tenants.
In addition, they offer a comprehensive service, in which the owner forgets everything. Winahost takes care of check-in and check-out, cleaning, bed linen, property maintenance and 24-hour guest service.
Through an average that is done during marketing, we manage to offer the best price for the guests and the best benefits for the owners. How? By enhancing all the qualities of the property and ensuring the tenant an excellent stay.
Short-term rentals are the best option, not only for the guest, but also for the owners who will always be able to have their property rented at the best price, blocking those dates they wish.