5 reasons to rent out your Dubai apartment this summer
Planning to get out of town this summer? Well, renting out your home while you’re away can be a good and quick way to earn some extra money as vacation rentals across the city are thriving! Listing a home for rent has become simple and pretty flexible through websites like Frank Porter which aims to take the hassle out of renting out your property on Airbnb and similar platforms.
Here are the reasons to use short-term rentals with your property this summer:
1. Online platforms bring guests to you
Airbnb began fully operating in the Dubai market in 2016 and has become the most popular online booking site for short-term vacation rentals. Other sites like booking.com, homeaway.com, and vrbo.com also showcase Dubai properties. This means you have access to tourists from around the world who are looking for an apartment to rent when they come to Dubai. An apartment can get maximum exposure if listed on all four booking sites.
2. Charge more for short-term lets
When compared to standard long-term rentals, short-term lets generate up to 50% more income. What’s not to like? This is the best way to generate the most income from your property. Also, you can adjust the price based on the season (or events that increase demand for properties) so you’re always taking advantage of opportunities. Hint: When Expo 2020 comes, your apartment will be in high demand.
3. Full control of your apartment
You get to decide when your apartment is available. Basically, become the rule maker by blocking off the days that the apartment is unavailable, and set the days that are convenient to your schedule. Don't worry about mix ups when family are coming for a visit, and get ready to book a paying guest on the days of a last minute mini vacation!
4. Don't wait for payment
Traditional rentals can cause challenges when collecting payment. When an apartment is rented out with a short-term vacation let, the booking platform takes payment from guests before they check in! That means you’ll receive payment when the guest checks out. Platforms like Airbnb also provide homeowner protection, helping to protect the value in your home while you increase the balance in your bank account. Yas.
5. You don't have to do much
Renting out an apartment sounds great but actually doing it sounds like a lot of work. Well, there are in fact some things to be done to ease the process. In Dubai, you must register yourself, your property, and provide specific information to Dubai’s Department of Tourism and Commerce Marketing (DTCM). You also need to stage, photograph, and list your property, maintain contact with guests, and adjust your availability when using multiple platforms.
Facilities offered by companies like Frank Porter Vacation Homes Rental include: guest management, cleaning and maintenance, listing, property management, photography and styling of your apartement. Amazing!
INFO: firstname.lastname@example.org, +971 4 427 8193, Sheikha Noora Tower #303, Barsha Heights (TECOM), Frank Porter Vacation Homes Rental LLC