Get profitability of your beach property with vacation or seasonal rental
Beach properties will always be an excellent option for those looking to spend a vacation, rest or spend as a family, for this reason, if you have bought a property as an investment and it is not going well or you feel that you have not obtained the most benefit, then you are still on time. Take advantage of the short distance between Panama City and the best beaches in the region, since many families choose them for their vacations, especially if they are going to spend long periods of time. In fact, some choose directly to buy a property on the beach thinking that, in the long run, it will represent significant savings and a good investment. Because a summer property can have another use in addition to being a vacation home: to contribute to family savings and provide good money, which helps pay the mortgage on that home -if it has been requested- or to recover the previous investment faster.
If you are thinking about buying or what to do right now with your beach property, take note of the following paragraphs because they can mean extra income for the rest of the year.
This type of second residence is only used in summer or during specific holiday periods such as Christmas or New Years, therefore, as they say, nothing is free in this world. Because it spends a good part of the year empty and continues to generate expenses, because you have to continue paying for services and maintenance.
Therefore, a very good option to cover these expenses, and even get an extra income, is to rent it in those months that, until now, it was uninhabited. And there are now more options than ever to do so. Vacation rental platforms are booming and, after the success of Airbnb, many other options have emerged to make this type of housing profitable. Or suddenly you get a real estate agent who will promote your rent and take care of all the logistics.
Well-managed short-term rentals can be the perfect solution, since you can earn large monthly income and also allows you to use the property, but this way of renting for days or weeks, and its constant movement of travelers, implies a hard job, as there is keeping the house in order, coordinating the cleaning, assisting the client during the stay, as well as giving the keys and receiving and dismissing the tenants, which can make the system complicated if you do not work with a professional with experience. From the moment the client comes into contact with the person responsible for managing the rental, we must be aware that the service is the best, because the idea is to retain the client and this will be achieved with the service that has been provided, this will help you create your bank and keep your property always occupied throughout the year, that your house can rent itself.
The option of doing everything through a real estate agency is more efficient. Although the commission to pay will be higher than that of the platforms, you are buying peace, time for yourself and family and you will also make sure that your property is in the hands of a professional who will ensure that this client always returns.
The cleanliness of the property is another very important point, that everything is washed, in order and with a good smell, at the moment the client steps inside the property, an excellent impression should be taken. Take care that at all times the house has the equipment that was promised before the reservation.
Always keep an xcellent communication, since a misunderstanding can end the vacation of that client or losing that potential client who can return or refer to you as a company.
Leasing the home for several months through a real estate agency allows you to have extra peace of mind in many ways: we guarantee to collect those certain months, we can better select the tenants and opt for the ones we like the most and have the best conditions and, when using residence for a time, we guarantee that they will take care of the house and do not come just to have fun, but you will deprive yourself of the use.