Related Blogs
December 5, 2020
Top Websites to Know More...
November 26, 2020
How to Host the Perfect T...
November 24, 2020
Basic Etiquette for Virtu...
November 20, 2020
Let’s Go to Baguio City!
November 13, 2020
Some Decision Criteria in...
November 11, 2020
515 Shaw: Upscale Living ...
November 9, 2020
Cebu: A Perfect Getaway
October 31, 2020
The Best Places to Buy Pr...
October 29, 2020
Best Property Listing Web...
October 22, 2020
Cavite: A Powerhouse of P...
October 19, 2020
Basic Work-From-Home Equi...
October 12, 2020
A Tour to the City of Pin...
October 5, 2020
Online Safety and Cyber S...
September 30, 2020
The Lowdown on Mortgage R...
September 21, 2020
Fun Home Gadgets For Your...
September 4, 2020
Eat Green: The Best Store...
August 19, 2020
5 Reasons Why 515 Shaw is...
August 19, 2020
Are you Ready for Home-Ba...
August 15, 2020
Stay at Home: Ten Online ...
August 12, 2020
Family Activities To Do D...
August 5, 2020
Is Cavite an Ideal Place ...
August 2, 2020
Living in Baguio
July 11, 2020
Space Saving Tips For You...
July 11, 2020
Things You Need To Know A...
July 4, 2020
Featured: Michael Cacnio ...
June 27, 2020
Why Are Condominiums One ...
June 27, 2020
Smart Finance: Where to I...
June 24, 2020
Cavite: The Land of The B...
June 13, 2020
Style Your Home With Colo...
June 13, 2020
Featured Specialty Grocer...
June 3, 2020
Work from Home: How to Ma...
May 20, 2020
Tips On Organizing Your K...
May 19, 2020
Reasons to Have your Own ...
May 16, 2020
Elite Access: The Best Co...
May 12, 2020
Condo Design Tips for Sma...
May 10, 2020
We salute Moms, Front Lin...
May 7, 2020
A Crown in the Queen City...
May 5, 2020
Greater Heights: The Adva...
May 3, 2020
#SundayStreaming: #LIVETo...
May 1, 2020
#LabOURDay: 5 Life Lesson...
April 29, 2020
6 Creative Ways to Grow a...
April 25, 2020
Bringing the Outside In!
April 22, 2020
5 Simple Things You Can D...
April 16, 2020
Why Condo Living Can Be Y...
April 15, 2020
Tips to Maximize and Pers...
April 10, 2020
15 Powerful Immune System...
April 8, 2020
Simple Reminders For A Me...
April 5, 2020
#SundayStreaming: Summer ...
April 3, 2020
5 Productivity Apps You C...
April 1, 2020
7 Ways To Keep Your House...
March 25, 2020
How to Enjoy your Outdoor...
March 5, 2020
6 Design-savvy Ways to St...
March 2, 2020
#SundayStreaming: Live Mo...
February 7, 2020
5 Creative Ways To Celebr...
February 6, 2020
Love Expressed In Five Di...
February 1, 2020
5 Unique Dating Ideas for...
December 18, 2019
Holiday Gift Ideas You Ca...
December 4, 2019
Unique Christmas Party Id...
December 1, 2019
#SundayStreaming Christma...
October 16, 2019
Mind the Cost: Why it’s N...
August 25, 2019
#SundayStreaming – Go Dri...
August 14, 2019
#SundayStreaming – Bright...
July 14, 2019
#TakeMeToSantorini: Touch...
July 7, 2019
#SundayStreaming – Dive I...
June 12, 2019
Unique Wedding Theme Idea...
June 12, 2019
Which Is The Right Invest...
June 9, 2019
Things to Do At Home On a...
June 8, 2019
K-Drama Binge Watching In...
May 25, 2019
Get Your Home Ready For B...
May 22, 2019
GO DRIVE: All is just aro...
April 20, 2019
Crown Asia: Live the Life...
April 17, 2019
Advantages of Living Clos...
April 14, 2019
#SundayStreaming – Ground...
April 7, 2019
Santorini: On Serene Livi...
April 2, 2019
Start Your Day Right With...
March 30, 2019
#TakeMeToSantorini
March 6, 2019
CAMP-ed: Activities You D...
January 1, 2019
CAMP-ed: Fighting Homesic...
January 1, 2019
Must-Have Gadgets in Your...
January 1, 2019
5 Step Crown Asia Home Bu...
December 14, 2018
Your Best Move: Crown Asi...
December 12, 2018
Fun Christmas Traditions ...
December 12, 2018
Christmas Movies That Sho...
December 9, 2018
#SundayStreaming – Yuleti...
December 2, 2018
#SundayStreaming – Popped...
November 14, 2018
Santorini: A Gift During ...
October 12, 2018
#TakeMeToSantorini : Conn...
August 11, 2018
Why Lakefront is the Next...
April 16, 2018
Of Classic Songs And Clas...
April 8, 2018
Classic Series or Designe...
April 1, 2018
Classic Songs That Will N...
February 14, 2018
How to Prepare a Romantic...
February 3, 2018
Movie Binge Watching for ...
January 6, 2018
2018 Trends in Fashion an...
January 2, 2018
Fun Christmas Activities ...
December 4, 2017
Things to Remember When M...
October 23, 2017
Being a Tourist in Your O...
October 23, 2017
The Advantages of Having ...
October 20, 2017
Decorating Your Home For ...
September 30, 2017
How To Get Started with U...
September 25, 2017
Being Healthy in Your Hom...
September 23, 2017
Hosting Dinner For Your B...
August 11, 2017
How To Make Your Home Bab...
July 19, 2017
Putting Some Disney Magic...
July 17, 2017
Achieving the Scandinavia...
June 20, 2017
Invest in Condos for Sale...
June 20, 2017
Have Everything You Need ...
June 20, 2017
Top 5 Italian Destination...
June 20, 2017
Romantic Italian Communit...
June 20, 2017
Make the Best Investment ...
June 20, 2017
Tips on Choosing Sofas fo...
June 20, 2017
Get Your American-Inspire...
June 20, 2017
Outlet Store Shopping in ...
June 20, 2017
Slipper Making Industry i...
June 20, 2017
Why Hotsprings in Laguna ...
June 20, 2017
Enchanting Opportunities ...
June 19, 2017
Classic Italian Furniture...
June 19, 2017
Decorating Your Ponticell...
June 19, 2017
Revamping Old Furniture f...
June 19, 2017
How To Make The Perfect V...
June 19, 2017
What To Do On A Rainy Day...
June 19, 2017
How to Make A Stop Motion...
June 19, 2017
Is Investing in a Condo a...
June 19, 2017
Reasons to Invest in a Pr...
June 19, 2017
How To Get Yourself Settl...
June 19, 2017
Hosting The Perfect Chris...
June 19, 2017
Planning Your Christmas D...
June 19, 2017
An Italian-Inspired House...
June 19, 2017
Reasons to Invest in a Ho...
June 19, 2017
House and Lot for Sale in...
June 19, 2017
Holding On To Summer, At ...
June 17, 2017
House and Lot in Laguna W...
June 13, 2017
Breathtaking Properties i...
June 7, 2017
Your Dream Home Awaits at...
June 2, 2017
Be Inspired by Ponticelli...
February 19, 2017
The Art of Romantic Livin...
September 4, 2016
Settling Into Your New Ho...
February 2, 2016
Decorating a House on a B...
August 24, 2015
Ideas on What To Do With ...
June 19, 2015
Is Condo Living Right For...
How To Get Started With Short Term Rentals
June 13, 2020 by Anna Lucas
Share on:
Short term rentals have now become a viable investment option in the Philippines. Ever since the introduction of online vacation marketplaces such as Airbnb and Booking.com, renting your home to tourists has now become accessible to even small investors.
They have also become more attractive because of (1) higher potential income; and (2) ability to occasionally use the unit for personal reasons. However, some investors make the mistake of treating vacation rentals the same as long term ones. While short-term rentals may be more suitable for you, here are tips on how to turn your 515 Shaw condominium into a Short-term Vacation Rental.
It’s still all about LOCATION, LOCATION, LOCATION
The golden rule in any real estate investment is LOCATION, LOCATION, LOCATION. The same goes for your vacation rental. Condo units located in the heart of the city has more potential than those located in more obscure places. Your unit in 515 Shaw, Mandaluyong carries a lot of merits because it can be easily reached via public and private transportation. Conveniences such as groceries, restaurants, malls and even banks are also all within reach.
Get your Place Up-to-Par
With the steady double-digit increase of tourists in the Philippines, transient accommodations, including hotels, inns, and vacation rentals also increased. This means that you have more competition now. Therefore, it is not enough to just get your listing out there. You must provide furnishings to make your guests comfortable. Having nice interiors not only increases your rate but also increases the frequency of guests. Being able to accommodate more guests comfortably is also a plus for vacation renters.
To list or not to list in Airbnb (or other online marketplaces)
Listing your property in online vacation rental platforms is the easiest (and probably cheapest) way to advertise your property. These online platforms already have an established customer base that you can easily reach. Of course, you also have a lot of competitors in these marketplaces, plus they also have service fees.
On the other hand, creating your website makes you more creative, and allows you to put more information online. However, keep in mind that you will have to do your digital marketing to promote your site.
But hey, who says you can’t have both?
Price it Right
Before setting your rate for your property, remember to research other properties near you so that you can become competitive. Other factors such as accessibility, building amenities, and interiors can increase your rate. Fast wifi is always a plus. You can also give something extra like providing towels and soap/shampoo, or coffee and some treats.
Remember to also check the hotel rates in your area since they are also your competitors.
Take Good Photos…. but not too good
Attractive photos increase interest in your place. But do not make it too good that it is a far cry from the actual looks. If your photos are too different from your place, you will set up your guests to disappointment and you will eventually get negative reviews, no recommendations, and no repeat customers.
These are just basic tips to get you started in turning your Crown Asia investment into a Vacation Rental. Happy Investing!
#LiveTheGoodLife
#LiveTheLifeYouChoose
#CrownAsiaByVistaLand
