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And then what happens? It could remain empty for years, just like so many other properties in the DR, bringing more financial losses and wasting your time.
And when it happens, your chances of selling it or renting it out at an acceptable price drop exponentially. Or possibly you’re in a position where all the income you do receive from your rentals is spent on just keeping your property in a decent condition?
The new reality is that the property market has changed; things that worked for the past few years no longer do in 2024.
Many private hospitality businesses are now struggling or even are out of business.
If a real estate or investment firm manages your property, they are most likely still utilizing the same old methods they have been using since 2011. And therefore, your property, accounts, and reputation are being exposed to a higher risk than you realize.
Airbnb, which in the beginning left its pricing to the discretion of the hosts, has lately spent a significant amount of effort on developing a more transparent pricing model. This decision resulted from users' feedback, who were experiencing difficulties setting the right price range for their listings.
The predictive pricing algorithm provides hosts with a recommended price for their listing depending on several factors, including room style; property type; the number of reviews; guest capacity; location; seasonality; pricing of other listings; hotel and airline demand; and even temperature fluctuations at any given destination.
Given the diversity of unit locations in the particular markets that companies such as Airbnb serve, consumers are now able to enjoy an exclusive experience. Staying in local neighborhoods that don’t feature traditional hotel accommodations but do offer unique amenities is becoming a trend.
Following these tendencies, both emerging and traditional hospitality platforms must adapt to changing consumer preferences. It is now vital to be able to cater to various consumer segments, build loyalty programs, all of which will drive future growth.
If your property is in perfect condition and up to luxury, modern standards, and you just require automated management, including electronic systems and reputation management, it will cost only 15% of your monthly revenue.
Turn-key management solution for your property will cost you only 30% of your monthly revenue, offset by an expected increase of 2-3 times in your monthly rental profits. Please note that our conditions are negotiable.
You can find more information about service packages
and their costs here:
We understand the hospitality sector, and we know how to successfully manage rental properties. We have done this all before. That’s why we can guarantee you’ll have:
This one-bedroom apartment is located in the most secure gated community of Punta Cana – Cocotal. A coffee-shop and a minimarket are located in a walking distance. Surrounded by lush tropical garden, it also features a swimming pool.
With Complete Hospitality Management |
Previous Management | |
---|---|---|
Revenue per month (average): |
$1,811 | $800 |
Expenses: | $654 Including our management (20%). Owner opted to manage bookings himself to save an additional 10% on his CHM commission |
$400 |
Monthly profit: | $1,157 | $400 |
Annual profit: | $13,884 (2.8x) | $4,800 |
Property price: | $185,000 | $138,000 |
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High-quality photos can greatly enhance your listing's appeal, making your rental stand out and attract more guests. Elevate your listing's visual appeal and increase bookings with professional photos.
Prices are: $199 for a studio or 1-bdr apartment, $350 for a 2-3 bdr apartment/home, $500 for a 4+ bdr home/villa. You can read more about a professional photo shoot from us here →
I need professional photos
A video tour offers potential guests an immersive experience, significantly increasing chances of bookings. Enhance your listing's engagement by showcasing your property in motion, offering guests a virtual walkthrough.
Prices start at $199, depending on the length of the video - view an example. You can read more about videography from us here →
I need real estate video
Detailed, compelling descriptions can be the deciding factor in securing more bookings. Set the right expectations and reduce misunderstandings with a clear, professional property description.
Price is $149 per listing and incudes: competitor analysis, keypoints/keywords research and SEO-optimized and OTA-enhanced text for your property.
I need listing description
An optimized Airbnb setup maximizes your property's visibility, leading to higher occupancy rates. Stand out in a saturated market with a professional Airbnb profile that appeals to your target audience.
Price: $599. You can read more about Airbnb setup from us here →
I need Airbnb setup
A dedicated website establishes credibility, allowing you to showcase your property comprehensively and attract direct bookings. Stand out from the competition with a personal touch, offering guests detailed information and direct communication channels Bypass booking platform fees and build guest loyalty with your own professional website.
Prices: from $999 depending on the complexity of the project. You can read more about landing page or website for your property by following these links above.
I need Landing Page or Website
Gain access to a wider audience and increase your booking rates by listing on our vacation rental platform. Benefit from our platform's user-friendly interface and extensive marketing reach to grow your rental business.
Prices are: from $29 per month + $199 setup fee, depending on the subscription period. You can read more about this offer here →
I want to add listing to EPC platform
Drive targeted traffic to your listing and increase bookings with expertly crafted Google Ad campaigns. Stay ahead of the competition by harnessing the power of Google Ads to reach potential guests actively searching for rentals.
Price: $500 per campaign setup. You can find out all the details about Google Ads setup here →
I need Google Ads setup
Expand your property's online presence and engage with a larger audience through popular social platforms. Utilize the power of social media to showcase guest reviews, special offers, and highlight property features.
Price: $39 per account setup. You can read more about social accounts setup here →
I need social accounts setup
Improve local search visibility and let potential guests find you easily with a Google My Business listing. Show up in Google Maps searches, display guest reviews, and provide essential details with a GMB listing.
Price: $99 per profile setup. You can read more about Google My Business setup here →
I need Google My Business setup
Enhance your Airbnb listing with our set of 5 sales-boosting property photos, carefully selected and edited to spotlight your space's unique features and draw in more potential guests.
Price: $49 per 5 photos. The service includes the selection and processing of your photos, as well as adding infographics to them. It does not include a photo shoot. View an example
I need sales-boosting photos
Our Airbnb chat templates can greatly enhance your conversations by providing quick, professional, and efficient responses that impress potential renters and drive bookings. You will save a lot of time and elevate your guest communication.
Price: $99. You can read more about Airbnb templates here →
I need Airbnb templates
Receive tailored advice and strategies to maximize your property's potential and increase bookings. Get answers to all your vacation rental queries and make informed decisions to ensure success in the market.
Price: $75.25 per hour. You can read more about consultation options here →
I need personal consultation
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