DUBAI 21 August 2018: Turning a property into a short-stay rental for tourists has long been possible through licensed agencies in the UAE.
And, with holiday homes continuing to be a growing business in Dubai, many companies are looking to take part in this booming sector.
That being said, finding the right company to handle your valuable home, asset or investment is not always as simple as it may seems. Frank Porter, an Airbnb Management company, shares their top tips on how homeowners can select the right AirBnB management company to represent their assets in the region.
Valid Licence: Ensure the company has a valid license from Dubai’s Department of Tourism and Commerce Marketing (DTCM). This will certify that you are on the right side of the law – the first step to successfully renting your property through short term leasing platforms. In relation to this, make sure to verify that the company is licensing your property and paying the relevant tourism taxes.
Real Office: Another key factor to consider is to make sure the company has a real office! With that comes the hopeful guarantee that the company is capable and available to check in each guest in person, without lock boxes. Other key factors to consider are to ensure the company uses all available booking platforms to maximize each individual’s revenue and also to make sure everything is transparent and each home-owner can view their booking calendar.
A reputable property management organisation will handle the logistics of hosting and management, allowing the homeowner to reap the benefits without the work.
In a world where flexibility is essential, short-term rentals must also give you the option to sell when you please or stay in your own home at the drop of a hat – no more having to work around long-term tenants and hefty contracts, said Anna Skigin, founder of Frank Porter.