Hi it’s Adiel here, and after discussing with property managers here in Bali and our finance team in Bukit Vista,
I am able to share the estimated monthly expanse it takes to manage a villa here in Bali. As well as an estimation of the potential revenue generated & monthly ROI.
How do we know this information you might ask, well we collect data lots of it in fact. Our data scientists team collects and analyze hundreds of data sets from our 140+ active property owner. And calculate their revenue performance, costs, and use a machine learning algorithm to project their future revenue with a minimum 90% credibility score. Managing and generating around 300,000 dollars worth of revenue monthly for our partners.
Do note that this is an estimation of a 3 bedroom property in Uluwatu, so each property might have different outcomes. But is generally around the same ballpark of a standard villa here in Bali. So without further ado here are some details on how much it takes to run a vila in Bali.
Estimated monthly expense of a villa in Bali
One of the main expenses you need to ensure your property is taken care of is having an on-site housekeeper to ensure your property remains clean, well-organized, and sanitary to ensure your guests feel at ease. Other than cleaning up, usually housekeepers are also the one monitoring and guarding the property when there is no guests or owner. So having them is crucial if you want your property well maintained. Salary for housekeepers usually ranges from 2 – 3 million Rupiah.
Other than having a housekeeper, maintenance outside your property is also essential if you have a pool or garden. This generally costs around Rp. 100,00 – 200,000 if you want service experts to do it for you.
Depending on the amenities and facilities your property provides, it is also essential that your amenities are in stock and in good condition. Bed covers, dish soap, toilet paper, shampoo & shower gel, water bottle, trash bag, floor cleaner, coffee & tea sachet can add up to your overall cost to 2 – 3 million Rupiah. Usually for monthly guest, property will pay a maximum of Rp1.500.000 and the guest can pay the rest
Besides that, large amount of cost also goes to the energy your property use. Electricity and water bills usually cost 2 – 3 Million Rupiah depending on your usage. And usually for monthly guests, the property will pay a maximum of Rp1.500.000 and the guest can pay the rest. Gas tubes also cost Rp. 200,000 – 300,000 if your property provides a space for cooking.
Below is a detailed table entailing the monthly expense for a 3 bedroom property in Uluwatu.
Revenue generated assumption
From the table below you can see the revenue generated assumption for a 3 bedroom property in Uluwatu. Taking account low and medium occupancy per month of your rental property, you are still able to generate a positive net profit with sizable returns too.
If you read all the way here, hopefully it answer your questions. If you are still not sure about the cost and revenue projection for your property. Feel free to contact us, we provide consultation for your property management question and revenue projection.
We also provide a zero management fee for your property needs so no need to worry about additional costs for us to manage your property. We make money only when you make money with our revenue-sharing model. If you want to know more how we add value to your property and ensure a sizable return, check out our property management service.