Our Property Management Service Packages
Request a Callback
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 2023.
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 |
When you hear that Complete Hospitality Management is professional in property management, believe me, these are not empty words. I am an owner… Read more
Art Villa appreciates people and companies, who specialize in one field, but do it professionally, showing deep knowledge of this area and achieving… Read more
Several months ago I, as a property owner, was not satisfied with the total performance of my business. It was rather hard to… Read more
CHM is the company upon which you can rely without any doubts. They are really experienced professionals, showing expert knowledge in property management.… Read more
I started working with Complete Hospitality Management when it was needed to attract more guests, mainly from US and Canada. I talked with… Read more
With Complete Hospitality Management one may forget about all troubles and worries in respect to the guests. If this company manages your property… Read more
Get a free consultation!