How does Bayutmap Estimate revenue?
We use a set of global pricing algorithms and data collected from the local market to determine the expected revenue based on area, size and interior design.
Income
As the owner, you will earn money from guests staying at your property. The income varies due to seasonality, price, and occupancy. Guests will always pay above the long-term rent price, due to the property being 100% equipped for guests – with full interiors, working utilities and ease of moving in/out. The best part about short-term rental is that you can sell whenever you want, as you are not locked into a long-term let. You earn money while your asset appreciates – perfect!
How to maximise returns
You can maximize your returns in several ways
1.Research the Area
2.Ensure property is well-designed
3.Ensure the listing is well-written
4.Ensure property is clean and well-maintained
5.Ensure property is well-priced
Frequently Asked Questions
The commission is between 10 and 15%.
Yes! Guests will always pay a big premium for properties which are well furnished and ready to move into. Even considering the costs associated with property management, holiday homes are very profitable for the owners.
Bayutmap uses a set of tools to find out the appropriate prices according to the location and season, using the algorithms of international websites, competing companies, and data extracted from the local market, taking into account the owner’s expectations.