Looking for the ideal way to make your holiday accommodation more profitable will always be one of the greatest desires of every owner of tourist accommodation, so on this occasion we would like to bring you some tips that we hope will be very useful.
1. Prepare the property
The first thing you will have to do is to prepare the property to receive tourists. This type of accommodation is different from renting a house on a long term basis. Think that you will have a rotation of people all the time, so you should focus on the quality of the furniture, textiles and materials in general.
Check the regulations on what are the essential requirements that your home must have. And from there, add everything you think is necessary to make your guests feel at ease. It is better to invest in useful things than in unnecessary decoration.
2. Take good photographs
It is no news that first impressions count and that the way people will decide whether or not to rent your flat will be mainly because of its photographs.
Maybe your property is located in the best area and you have an excellent description of everything you offer. But if the pictures show a desolate place, which is not well maintained or cared for, you will have little profitability with it. Take good quality photographs of all parts of the house. And if you have extras such as a communal pool, garden, terrace, etc. include these too as it will put you ahead of other flats.
3. Choose a price according to the area
One of the biggest difficulties that many people encounter when they start to manage a holiday flat is what price to put on the rent.
It is one of the most important bases to have good management and that the flat is profitable and competitive with all those that are published daily. To arrive at a suitable number, the first thing to do is to establish what the general expenses of the flat are. That is to say, how much it costs you to maintain it.
Here you will have to count everything from utilities to the price of cleaning, products and even management if you use a platform like GuestReady or whatever commission it is. That will give you a guideline of what is the margin you will have of profit by placing a certain amount.
In addition to this, you will have to research the market and see what the prices are in the area where the property is located. And not least, take into account the variability of prices depending on the days and the season you are in.
4. Advertise on the right platforms
After being clear about all the previous points, it is time to decide on which platform or platforms you are going to advertise your holiday flat. The options are very diverse. It is best if you can be on four or five platforms. But the one you can’t miss is Airbnb.
Constantly update the booking calendar, respond to queries as quickly as possible, incorporate new photos when required or add relevant information. And of course, do everything in your power to get the best feedback from guests.
We hope these tips will be of great help to you in making your holiday rental profitable.
At Chekin, we offer you an online check-in tool. Where your guests can complete the register form quickly and easily before their arrival at the accommodation. In addition, we have a biometric match system that allows you to verify the identity of your guests remotely. Find out more about our tool here.
