In this episode of Confianz: After Hours, we won't talk about legislation or taxation for once. Expert Bart De Waele of OYOOSTAYS explains how to maximise your rental yield and how to avoid problems with tenants using clear communication.
Listen on Youtube, Spotify or Apple Podcasts.
In this episode, you will learn:
- What specialised rental management entails: From décor and professional photo shoots to complete guest communication, check-ins, cleaning and administration.
- How to select the right investment property: Location is important, but facilities open all year round are more crucial than just sea views. The focus is mainly on quality new-build properties.
- The science behind the rental price: Find out how dynamic pricing, similar to airline ticket pricing, continuously adjusts the rental price based on some 192 different parameters. This provides an average additional revenue of 20 to 30 per cent.
- Realistic returns and occupancy rates: An average occupancy rate in the Spanish market is around 45-50%. Returns depend heavily on the type of property and location.
- How to get your property noticed on international platforms: It is a marathon, not a sprint. A high ranking is essential, as 85% of bookings are made in the first 15 search results. This is influenced by professional photos and proper descriptions.
- The importance of personal service: Although 80% of guest communication can be via AI, personalised check-in and check-out is strongly recommended to enhance hospitality and maintain control.
- Costs associated with rentals: Consider platform commissions (about 15%), costs for cleaning, utilities, taxes and the management fee.
- Dealing with problems: Damages caused by tenants are rare. When it does happen, it is settled through the security deposit or insurance of platforms such as Airbnb.
Want to know more about OYOOSTAYS?
OYOOSTAYS is a tech-driven company that manages the entire rental cycle of holiday homes on the Spanish costas. Working on a "no cure, no pay" basis, they act as a strategic partner to maximise revenue, while completely relieving the owner.
Website: www.oyoostays.eu
E-mail: info@oyoostays.eu
