Short Stays – A Steady Income Strategy
Worried about selling? Turn your property into reliable income and hold on to your investment.
In the current market, many landlords are concerned about their properties. Perhaps they’re considering selling now in order to realize the gains they’ve made thus far or in order to cover losses made in other investments. Well, while selling is always an option, landlords should perhaps keep in mind a different strategy to “ride out the storm.” Instead of selling, landlords should consider leasing out their property on a short-term basis through our Short Stays division.
Unlike leasing on the typical 1-year contract, short-term leasing gives landlords much more flexibility. A property needs only to be committed for two months at a time, meaning landlords can switch strategies with their portfolio relatively quickly. Further, landlords are welcome to reserve their units for use as frequently as they wish throughout the year. Management and protection of a property is taken very seriously, and full inventory lists are prepared and comprehensive inspections are carried out at appropriate intervals. Perhaps most important with any financial strategy, however, is the yield. By short-term leasing, landlords can expect a roughly 10% annual yield on their property and this is of course in addition to any capital gains made during that time.
Leasing one’s property on a short-term basis provides a relatively stable income, with a high yield, and with minimal commitment. For many landlords, this is a great temporary solution to obtain predictability in the current market. If you’re worried about the property market, yet hesitate to sell, consider talking to our Short Stays division to learn how you can take advantage of the short-term leasing strategy.
Click here to find out more about leasing with Short Stays or call +971 4 344 7714
Date posted: December 4th, 2008
Posted by: betterhomes
Category: Short Stays
Tags: Short Stays, Short-term Rentals
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