Passive Income with Real Estate: A Beginner’s Guide
It is always a good idea to generate passive income—it gives you financial freedom, security against job-loss, prevents living "paycheck to paycheck," and helps create a sound retirement plan. At Propr, we work with homeowners that are converting their homes into a second source. We compiled the important takeaways from their journey to financial freedom with real estate so that you can apply their experiences to your own. “Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or ...
Propr FAQs: All your queries, answered!
Every day, we juggle marketing, logistics, maintenance, customer queries, guest check-ins, and lots more so that we can provide homeowners who have trusted us with their property a sustainable source of passive income. We ensure that your asset is being taken care of, promoted, and monetized—without any hassle to you. Here are the answers to a few common questions, if you have another question or want to have a chat about an answers email us on hello@propr.ae or contact us through our website. Why should I partner with Propr? Propr is the only host management company based in ...
Short-term vs. long-term: How should you rent your home?
Investing in real estate has been a time-tested path to creating passive income and financial assets, especially in Dubai. With a steady influx of ex-pats migrating to make Dubai their home and a thriving tourist industry there is a growing demand for rentals - short-term as well as long-term. Traditionally, long-term rentals were the only source of passive income for real estate. But with Airbnb and property management companies such as Propr, the holiday home or short-term market has become a stable source of income for homeowners across the globe. Tempting as it may sound, a lot goes into optimizing ...
Benefits of hiring a property management company for your AirBnb
In the first four months of 2022, Dubai hosted 5.1 million visitors, a staggering 203 per cent increase compared to 2021. Dubai's booming tourism industry has fuelled the demand of vacation rentals and many popular areas have seen a mushrooming of Airbnbs. Tempting as it may be to rent your home and earn a passive income, running a vacation rental can be a daunting process that requires dealing with everything from optimizing rent to worrying about maintenance, and guest relations. That’s where AirBnb management companies come in, let’s go over the benefits of hiring a management company to start and ...
How to make money from your home – minus the hassle
Heard the story of a poor man living in a rich house? In all manners, he was wealthy, but he lived meagerly because his wealth was tied to assets that did not generate wealth…and we wonder why would he do that? Probably because no one told him about Propr! Investments in real estate can reap remarkable results - especially in Dubai, the city offers everything from spectacular views, stable tourism, law & order to convenient connectivity. According to experts, ‘The UAE is strategically located and the increase in tourism, as well as the large numbers of people moving to ...
How to Earn Money with Property Management
Real Estate is an incredible investment—especially in Dubai—with its dazzling views, the ever-growing tourist industry, and the opportunity for business and investment. Dubai is a global hotspot, a cultural melting pot and has something for everyone—making property here a coveted asset. But there is little to gain if you don't know how to position, market and best use your real estate. Managing a property to earn a passive income takes time and effort, Propr has some suggestions on what you can do with your property to transform it into a money-making space: Allow a property management company to take ...
