Were you one of those people who thought renting a temporary living was a piece of cake?
That you were one click away from having success only by advertising your property?
The truth is, that is not that simple, and it takes more than good intentions. It is about having a strategy that allows you to have a consistent and long-term income.
That’s why we will reveal to you the 5 fail-proof steps to increase your income when renting a temporary living.
- Advertise your property all year long
More than 50% of world hosts advertise their property only during holidays. They are missing out on the rest of the year.
The reality is that people are looking for a place to stay every day, sometimes for a business trip or pleasure, or because they have a nomad lifestyle
So, the first step is to have your property available all year long. This practice will help you to identify the busiest seasons, so you can implement other strategies.
2. Advertise your property on more than one platform
Remember not to put your eggs in one basket. It will increase the visibility of your property when you advertise in different platforms, resulting in more bookings.
You can be a host on Airbnb, Booking, Expedia, TripAdvisor, etc.
Expand your horizons, and at the same time, be aware of the terms and conditions of each platform.
Also, make sure to have read every detail regarding taxes, so you don’t get in trouble with the tax authority.
3. Provide an outstanding comfortable space
According to Airbnb statistics, 44% of guests extend their stay. They also stay in the same places where they feel better.
Having success in these platforms not only depends on a beautiful location. You are not the only one with an apartment or house in downtown Mexico City, Bacalar, or Puerto Escondido.
You have to differentiate yourself from other hosts.
Cleanness of your property is a must.
Make a cozy place for your guest, and give them the extra touch of comfort.
Because no one wants to stay in a place with old furniture or where electronics aren’t working, dirty clothes, or even bedbugs on the mattresses, which would result in an awful review, nobody wants to stay in a place with lousy reviews.
But, if you focus on your guest’s satisfaction, they will give you great reviews, and with this, you will attract more customers.
4. Implementing smart housing
43% of guests value a modern and technological place where they can satisfy all their needs in a better way.
Technology can be applied where you least expected. And the best choice is the one that helps the planet as well as the comfort of the customers.
Why is it important to combine technology with environmental care?
Technology make your customers feel safe, since the moment they book their rooms to the whole stay.
Technology also implies having more flexibility for guests regarding booking at the last minute without complications and also having customized suggestions for their trip.
According to Booking, 81% of global guests look for sustainable places where plastic consumption is limited or zero, where they save energy, and are environmentally friendly.
This request of the customers has made Airbnb and Booking focus on sustainability as a priority.
Airbnb wants to become a NET Zero Company, where its actions don’t affect the planet, and they want to achieve it by 2030. While Booking promotes hosts who offer more sustainable spaces.
“People are already excited with the idea of sustainability, but it’s important to make it accessible,” said Rodrigo Esponda, Manager of the tourism board of Los Cabos.
So, focus on creating a technological and sustainable place.
5. Including more services
The guests look for options in the platforms where they can find wellness and comfort.
When it comes to Mexico, travelers are willing to pay way more money to live an outstanding experience.
What kind of services do you need to include?
Firstly, consider the services that cover basic needs, and then take them to the next level.
For example, you can include meals and create menus that offer spectacular Mexican cuisine.
In addition to the meals, an essential service you need to deliver in your temporary living is drinking water.
Having access to drinking water is vital for guests. This way, they can hydrate after their arrival and, considering the average booking time on platforms is 21 days with four guests is a must to have a great strategy regarding this service.
You can supply drinking water in two ways:
The first alternative is bottled water, which will require at least 2 bottles of 330mL per guest daily.
Every bottled water results in 15.2 g of plastic waste, 82.5g of CO2 emissions, and 2.5MXN, and you need to look for the best way to eliminate the plastic waste, which monthly would be 168 bottles, 2553 kg of plastic waste, 13.86 kg of CO2 emissions and 420 MXN.
In a year, those figures would become 2016 bottles, 30.63 kg of plastic waste, 166.32 kg of CO2 emissions, and 5040 MXN.
The good news is there is a smarter and more convenient way to provide drinking water with premium quality to your guests.
In Alxedo, we have created ALX1, the first smart water purifier with a WIFI connection, which verifies the quality of the water in real-time, 24/7, so you will not have to worry about anything else.
We care about your water, and we replace old cartridges when it is necessary. It is the easiest and more profitable way to guarantee pure and unlimited water to your customers.
These 5 steps will help you to increase your income and become a super host, who offers an excellent place to stay with unforgettable experiences.
And these 5 steps aren’t extra expenses, they are investments that will bring you great results in the short and medium-term.
So, if you’re looking to improve your temporary living into a smarter and more sustainable one, which customers are willing to pay more, reach out to us.
Together we will create an infallible strategy.
Alxedo, we care about your water.
