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 ...
