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How to make money from shortlet apartments
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[QUOTE="Knowlopedia, post: 323801, member: 91868"] The idea of making money from short-let apartments has become increasingly popular in recent years. With the rise of Airbnb and other similar services, it’s no surprise that more people are looking to make a profit from their rental properties. But how exactly do you go about doing this? Here are some steps to help get you started: 1. Research Local Regulations & Licensing Requirements – Before beginning your venture into short-term rentals, it is important to research the local regulations and licensing requirements for your area or city. Different cities may have different laws regarding renting out properties for shorter periods of time than traditional long-term leases allow for; make sure you understand these rules before diving in! 2. Decide on Your Target Market – It can be beneficial to narrow down who your target market is when renting out a property as a short let apartment. Are you aiming at families with children looking for an extended holiday stay or business travelers needing temporary accommodation? Knowing who your ideal customer is will help guide decisions such as pricing and amenities offered in the unit itself (e.g., Wi-Fi). 3. Prepare Your Property – To ensure that guests enjoy their stay, it’s necessary to prepare the property properly prior to listing it online or accepting bookings through third party sites like Airbnb or Booking .com etc.. Make sure all safety features meet local standards; cleanliness should also be given priority attention so that guests feel comfortable staying at your place while they’re away from home! Additionally, consider providing amenities such as extra linens/towels/soaps which could add value without breaking budget too much - just don't forget any additional costs associated with providing them too! 4 Find Your Platform & Start Marketing– Once everything is set up and ready, now its time start marketing both online and offline - depending on what works best locally within target markets identified earlier . You can list units through various vacation rental websites like Airbnb , Booking . com , VRBO etc., but don't forget about reaching potential customers directly via creative advertising campaigns (e g flyers placed around town ) ! If done correctly this type of advertising might even bring repeat customers back year after year ! [/QUOTE]
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