Is it profitable to rent out the houses for a short period

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Is it profitable to rent out the houses for a short period

Today there are services that help profitably rent out the houses even for a short period. The most popular of them are airbnb.com and booking.com.

How does it work?

Owner of real estate must photograph the interior and place his ad on the site, or on several sites.

It is very important to write about living conditions in detail. It is worth writing about all the little things: whether you have a hair dryer, tableware, Wi-Fi, a beautiful view from the window, the grocery store next door. If the description in the advertisement will be much different for the worse from reality, the guests can deliver low mark and leave a bad comment, and it reduces the chances of finding new guests.

You also need to specify a limit on the number of guests and other conditions, such as pets or a ban on smoking.

Airbnb is an online marketplace that enables people to list, find, then rent vacation homes for a processing fee. It has over 1,500,000 listings in 34,000 cities and 191 countries. Founded in August 2008 and headquartered in San Francisco, California, the company is privately owned and operated.

Booking.com is an online accommodation booking website started as a small start-up in Enschede in 1996, based in Amsterdam, Netherlands and since 2005 owned and operated by United States based Priceline. Its operations centre is located in Amsterdam.

                                     

Ad placement is free of charge. Booking charges 13 percent once your guest paid for accommodation. Аirbnb.com takes 3 percent.

Airbnb works only cashless: PayPal, Western Union, bank cards. The host gets the money a day after the guest inhabits; until then, they will be frozen on the account of Airbnb to protect customers. Booking.com works with cash.

Renting out the property for a short time using these services may not turn into the main source of income. But it can definitely be a pleasant profit.

 Advantages and disadvantages

However, under certain conditions, renting an apartment for a short period can bring more revenue than renting the same apartment for long periods of time. However, it is more troublesome. Owners of a normal apartment rent it out once and go get money every month. And if you rent a room or an apartment for a few days, then you have check the cleanness, change bed linen and towels, hygiene and household chemicals. So, it's for you to choose whether to rent your house for a short period or not.

On Jiji you can find great real estate offers. The website: http://jiji.ng/temporary-and-vacation-rentals is one of the best in its kind. Here you will find the best deals, and you can be sure about the safety of operations.