You stand to benefit from listing your properties as short term apartment rentals. A key benefit that you will enjoy is an increase in income. However, this does not come automatically. You have to market the short term rental. Currently, most people will search for properties to rent online. It is important that you list your rentals on multiple websites.
1. Increased Bookings
When your properties are present on multiple websites, you will get an increased visibility. There is no doubt that you stand to get more bookings as a result. Most people owners will focus on advertising their properties on popular rental websites. They think that the approach will give them the visibility that they need. However, this is not the case. In the end, the approach limits their income.
2. Lower Vacancy Rates
There is a fixed cost of maintaining a furnished apartments Calgary. Therefore, each day that the apartment is vacant it will still be costing you money. It is because you could be having a mortgage, insurance, and utilities to pay. If you do not list the apartment on various websites, you will be facing this reality from day to day. High vacancy rates will reduce the profits you are making, and sometimes it could get worse, and you will start making losses.
3. Finding Responsible Tenants
Any property owner will desire to find tenants who leave their property in good condition at the end of their tenancy period. Bad tenants will not only increase maintenance costs but also inconvenience the guests that will be coming after them. For example, they can break a major facility such as the toilet or bathtub you may need to delay the next tenant from using property so that you can get time to fix it. Such occurrences will be expensive for your business because you will forgo the rent during that period. When you list the property on multiple websites, you can have the luxury of screening interested people to avoid such situations. For example, you can set a minimum age for the people whom you can rent your property.
4. Increased Rental Income
Any property owner in the short term rentals business will want to get the maximum income possible from their apartment. Using multiple websites to list your properties will enable you to realize this. First, you will realize an increase in the booking that you receive. It will result in reduced vacancy rates, meaning that most of the time your apartments will be making money for you. With the increased booking you can even screen them to ensure only the good ones use your apartments.Read more