5. Creative Models
Changes in technology have made
renting out your property a lot
easier. One of the most significant
developments in this step is the
rise of AirBnB.
AirBnB is a game-changer.
It has created a host of supporting
business in what is now a multi-
billion dollar market.
With AirBnB, you can
list your property in less than
30 minutes and have it seen by
literally millions of people around
the world. You become a host
to holidaymakers and business
Ikhram is a blogger,
property enthusiast and
author of The Ultimate
Guide to Buying
Property.
travellers. I have hosted thousands
of people from all over the world
for 4 years and the experience was
wonderful.
I had very few bad
experiences but besides that,
no one had trashed any of the
apartments or run off with my
smart TV.
Many hosts are making fair
annual incomes by listing their
properties on AirBnB. There are a
plethora of sites similar to AirBnB;
Agoda, Expedia, and Booking.com
are just a few examples.
It is important to note
that the phenomenal growth
rates for AirBnB means that it is
a very crowded space now. It is
becoming more, and more difficult
to maintain good occupancy rates.
This is a challenge that some hosts
face.
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