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Property Developers: How to Maximise Returns


If you are a property developer, you will already know how difficult it can be to sell finished units, and there are ways that you can turn a profit on finished properties that are sitting empty. This is especially true for apartments, and it is often the case where several units remain unsold for an extended period of time, and while you are not losing money on an empty unit, you could make some money by renting it out on a short-term basis.


Airbnb

If you are not already familiar with Airbnb, it is a digital platform set up to bring rental property and guests together, and there’s no reason why you can’t offer your empty units for rent. There are specialist companies for investment property management and they would handle every aspect of the rental on your behalf, seeking suitable tenants using Airbnb.


Fully Inclusive Service

Rather than leaving empty accommodation until you find a buyer, you are much better off listing the property on Airbnb, and a property management company such as HomeHost would handle all the details and provide a fully comprehensive service. This would include the following:


Creating and Maintaining your Airbnb Account – The property management company would set up an account with Airbnb, plus they would use their professional photographer to take some images and they have content writers to ensure your listing looks professional.


Screening Potential Guests – Of course, not every person is a desirable guest and art of the property management company’s role is to screen all guest applications to ensure that your property is occupied by responsible people who will respect the property as they would their own.


Check in/Check out – It is vital that someone is there to welcome guests upon arrival and also to be there when they check out. As a property developer, you certainly don’t have the time to do such things, and the property management company would handle this for you.


Furnishing – If you need any advice regarding furnishing, the property management company are the people to talk to, and they also have property styling packages, where they take care of everything on your behalf.


Property Maintenance – Every building requires regular upkeep and this is yet another service that is offered by the property management company. If you are listing new apartments, you probably wouldn’t require this service, and as the management company is flexible, property maintenance is optional.


The peak season is a very busy time, and if you have, for example, half a dozen empty apartments, you can make a sizeable return in the summer months by renting out these units on Airbnb.

If you would like to know more about this exclusive property management service, an online search will help you locate a nearby Airbnb property maintenance company, and with their help, empty properties can be rented to suitable short-term tenants.

This is a great way to generate an income from new homes or apartments that are empty and have yet to be sold.

Business Daily Media