Renting apartments, flats and other real estate property
in Belgrade has always been
relatively lucrative job and a source of additional income. Belgrade is one of
the top 10 European destinations; business, economic and academic center of
Serbia and region, lot of tourist, students, young people looking for work,
tourists, business people and other visitors are arriving every day, so there is
huge demand for accommodation capacities.
There are several hotels, a lot is being
built or plan to built, but new category
of accommodation capacity is emerging - private apartments for short stay.
Owners of empty
flats instead of holding them empty and make unnecessary costs, decide to rent
them. They are investing money to equip and to enable them for offering quality
accommodation.
The risks
and costs of the owners
The real estate market in Belgrade in recent times experience declining prices, both in sales
and in renting. On the other side utility prices and cost for maintenance have
rising. Owners cannot keep their flats empty because the cost are more and more
expensive, they have difficulty to sell - prices are too low, it is hard to
find good tenant on long run who won’t destroy apartment and be on time with
the rent. The most expensive apartment is
the empty apartment.
Therefore, in recent years many people decide to change model of renting. The owners do not look for tenants in the long term, rather than a flat rented as an apartment for short stay - a day, a week or a month. This form of accommodation is becoming increasingly popular, especially between domestic and foreign tourist and business people. They come in Belgrade for short stay to accomplish some business or visit relatives or business partners, visit faculty, school, to accomplish some duty in the ministry, have medical examination, visit some cultural or sport manifestation, etc. This sort of visitors is willing to pay for good, peaceful and comfort accommodation in the center of Belgrade.
Convert ordinary
flats in an apartment for renting
A.
First
step for owners is to make renovation and decoration and
adopted their flat to apartment for renting.
To begin with, it should be invest in equipment:
– fitted
kitchen with oven, refrigerator, small electrical appliances, dishes and cutlery,
to be able to prepare food their self
– fitted
toilets with modern and new bathtubs and showers, washing machine and clothes
drier
– buy
good furniture, beds, sofas, cabinets, etc
– buy
linens and towels,
– new
flat TV with cable or satellite channels
– computer
with fast broadband internet and Wi-Fi connection
– air
conditioning for summer
– heating
for the winter
– parking
place can be a big plus
– provide
guests with hair dryer and iron, toaster or microwave oven
B. Second step - advertise and promotions of property in order to attract clients. Internet, Google +, Facebook, Twitter, Instagram and other social networks can help. In the beginning, it may be best to contact companies that are experienced in internet marketing.
C. Third step After
each group of guests, owners should take
care of the apartment and prepare for the next group. The apartments must
be cleaned, linen be changed, the trash throw out, broken things replaced, etc.
The guest gives their grades and reviews so reputation is very important
If apartment is on a good location, the price is
unlikely to be less than 40 Euros per day. If the flat is full with guests an
average of 20 days per month, it is easy to calculate - two average Serbian
salaries. Keep in mind that Belgrade
is a city that abounds in events (concerts, spot matches, fairs), as well as in
growing number of tourists who come here during the New Year, Easter, and other
holidays. Then rates are going up, so calculation
is even more favorable.
Our advice
for real estate owners
Take advantage of your property in the best way.
Activate it, let it work for you, be with entrepreneurial spirit - may it turn
into a great business idea.