Dubai Self-catering Accommodation. Part 2 Tips For Landlords-tx49.cc

Arts-and-Entertainment following my last week article Tips for tenants, in this issue I would like to cover some interesting guidelines for those Dubai landlords adventuring into the Short-Term Rental business. It is a very common and old practice, especially in the Italian, Spanish or French Riviera to rent out a personal property as a holiday-home to tourists. The short-term rental business has proven pretty successful in those countries with strong tourism affluence and since Dubai is working on becoming an international holiday destination, it is interesting to consider this investment opportunity. By renting out a property on short-term basis a landlord has the chance to use the property for his/her own personal use, generate a high return of investment by letting it out to holidaymakers and at the same time benefit from the property value appreciation. The short-term rental concept could be applied anywhere in the world but the real key to its success lays in its implementation within the local market in fact any successful business idea can be brought to Dubai and prove a complete disaster, the concept by itself is nothing new and certainly not invented in Dubai so the actual heart of the business is not much in the idea as it is in its execution. Having the idea and the product (the property) is just about 10% of the business, what really matters is the marketing which I would value at 70% and the actual daily running which could be valued at 20% Setting up an apartment for the short-term rental requires experience, interior designing skills, attention to details and plenty of time and resources to follow up the actual furnishing process, utilities connections, daily running and marketing. Some details are extremely important and if overlooked, will compromise the stay of your guests hence it is essential to set up the property with the guests needs in mind rather than following a questionable personal taste. One detail that is consistently overlooked is the actual efficiency of the bedrooms curtains, which in the majority of the cases dont block the windows light properly, this is usually due to lack of experience or to good bargain ready-made curtains resulting in a horrible 6 am daily wake up call for your guests. Another important aspect to acknowledge is the considerable investment to be made in purchasing the bathrooms face and body towels, it is in fact necessary to provide a high number of these so to allow a twice weekly replenishment and the same goes for bed sheets, quilt covers, pillow cases etc In most cases the do it yourself schemes work pretty well when you do have experience, knowledge and passion about what you are engaging with, other wise it will simply result in complete frustration to say the least. Without considering the daily management issues and the inevitable guests complaints even the twice-weekly house keeping service is a far more demanding task then what it seems A reasonable solution to this, especially if you are handling more then one property, is to refer the entire marketing and management to a professional agent who for a fee (usually 20% of the rental) will take the weight off your shoulders with a smile. In the current market a 5 stars marina-view one bedroom apartment in Dubai Marina Face 1 (where all the cafs and restaurants are) will rent for approx AED 95.000/- per year if unfurnished, the same property can fetch up to a AED 235.000/- a year if rented out furnished on short-term basis and after deducting the 20% agency commission plus about AED 40.000/- for the 5 stars furnishing and approx AED 8.000/- a year for the utility bills, this will live the owner with a net AED 142.000/- (on occupancy rate of 79%) The numbers speak for themselves however is important to remember that where there is a good return there is also a certain risk and many will agree that the most delicate figure of the above calculation is the occupancy rate which cannot be guaranteed in any property short-term rental management contract. Keeping the above consideration in mind, would you wish to engage an agent for your short-term rental requirements, it would be wise to commit for an initial trial period of maximum six months, this period shall allow you to gather enough details and should give you a good idea about the reliability and actual potential of the agent/marketer you are dealing with. Would you rather get more hands-on with the business, you could opt for a non-exclusive marketing agreement, also available in the market and you will be able to market your property through other agent/marketers and potentially increase your exposure however this is not necessarily the optimum solution in fact many agents will give priority to the properties of those clients with whom they have contractually committed with. About the Author: By: akansha tyagi – Prestige Misty Waters Bangalore is in very closer proximity to the major parts of the city yet enabling a pollution free life in a calm and serene environment. If you are a first time investor, then this residential project will serve you the best with all sorts of luxuries at doorstep … By: Robert Siciliano – No bones about it, 2016 is sure to see some spectacular, news-chomping data breaches, predicts many in infosec. If you thought 2015 was interesting, get your seatbelt and helmet on and prepare for lift off By: Robert Siciliano – Companies are constantly attacked by hackers, but what if those attacks come from the inside? By: manishdutt – The article deals with various gifting ideas for women on the event of Valentines Day. It talks about heart shaped cushions as a part of Valentine soft toys that can be gifted on this occasion. By: LeenaMarcos – Chinese New Year may be the longest festival in the Chinese calendar and it is best celebrated in Beijing, Guangzhou, Pingyao, Shanghai and Xian in China. Also called Spring Festival, it begins on the first day from the Chinese lunar calendar plus 2015 is going to take place on the 19t … By: sinuse – We have been power flushing experts for many years now and have quickly risen to become the UK’s number one choice for both domestic and commercial power flushing. So thats reason why choose us to make Central Heating as good as new. By: Allyster Campbell – Thousands of templates based on this format are made and used by the people all over the world. For a very long time this format of presentations has continued to be popular and useful. But gradually over the large number of years it has been found that it is getting difficult to keep … By: businesssolution93 – Choosing a store that is dedicated to this specific piece of furniture and which offers you the option to buy mattress online will give you the right information that you need in order to buy a high quality and reasonably priced mattress . By: Dayindelhi – Shimla, a standout amongst the most excellent scenes in India is as often as possible went to by the nature beaus. Shimla is the capital of lovely Indian state, Himachal Pradesh. It is the most beautiful slope station in India and is rightly called as "Ruler of Slope Stations". Manali … By: akansha tyagi – The invention of sophisticated technologies has always cared for peoples comfort and as a result of this a huge gap lies with the antique way of living and the modernized culture. In between, the prices of property have always kept a worrying factor for the end-users but on the othe … 相关的主题文章: