How to make money on daily rent of a studio apartment?

One of the good ways to get additional income is to rent out real estate. Residential real estate can be rented out for a long term or daily. With the right organization, you can earn many times more on daily rent. I'll tell you how to do it.

The most popular type of housing that is rented for a short time is one-room apartments or studios. Their rental cost is lower, and the area is sufficient for a short-term stay of both one person and 2-3 people.

But to make money on daily rent, just buying a studio apartment is not enough. People who rent a house for a short period want to see the apartment in good repair, comfort and all the necessary amenities in the form of clean bed linen, towels, necessary utensils, household appliances.

therefore STEP 1 - renovate the apartment by making cosmetic repairs in it. Repairs don't have to be expensive. It is enough that it will be unobtrusive and neat. For wall decoration, it is better to choose light pastel shades.

STEP 2 - purchase several sets of bed linen and towels for the apartment. Provide the bathroom and kitchen with detergents, disposable shampoos and soaps. Furnish your apartment with furniture and purchase household appliances, an ironing board and an iron. Create an environment that makes your guests feel more comfortable than a hotel or competitors.

If you plan to clean the apartment yourself, buy in advance all the necessary detergents and cleaning products, rags, buckets, and a vacuum cleaner. Let it all be in the apartment.

STEP 3 - expand the target audience that may be interested in your apartment. For example, put a chair bed in the room. Usually, landlords only equip a studio apartment with a sofa or double bed. This is convenient for a single person or for a couple, but a family with a child will not take advantage of this offer. You can charge extra for extra bed.

STEP 4 - post and promote ads for renting a studio apartment for rent on all kinds of sources on the Internet - avito, cyan, yula, booking, airbnb, etc. Hand out business cards to taxi drivers. Post announcements at bus stops, auto and railway stations, leave at the counters of bars or administrators of nearby clubs and other entertainment establishments.

STEP 5 - Provide a good check-in and check-out experience for guests. Always prepare the apartment before moving in. The apartment should reign comfort, cleanliness and order. Communicate in a polite and friendly manner. Pleasant emotions are what will make people come back and recommend you to others.

If you are just planning to start a daily rental business and are choosing an apartment to buy, consider the importance of its location. The greatest demand is for studio apartments near entertainment venues, large shopping and office centers, and educational institutions. A plus will be the presence of a nearby public transport stop or metro station.