Hi Adiel here, as a digital marketer in Bukit Vista,the leading property manager in Bali, I have gained a deep understanding of how to effectively promote a rental property online by driving traffic and converting guests to rent.
So here are some of the things I learned from renting your property in Bali.
If you own a villa rental property in Bali, you’re probably wondering which rental option will bring in the most revenue. Should you rent out your villa on a yearly, monthly, or daily basis?
When it comes to generating revenue in Bali, daily rentals tend to be the most profitable option. With daily rentals, you have the opportunity to rent out your villa multiple times in a month, and you can often charge higher rates for short-term stays in this popular vacation destination.
Monthly rentals can also be a good option, especially if you’re able to secure a long-term tenant. However, it’s important to keep in mind that you may have to lower your rates to attract monthly renters, and you’ll have fewer opportunities to rent out your property throughout the year.
Yearly rentals can be the least profitable option in Bali, as you’ll have just one tenant for an extended period of time. You may have to lower your rates even further to attract a long-term tenant, and you’ll have limited opportunities to increase your revenue.
Of course, there are pros and cons to each rental option, and the one that’s right for you will depend on your specific property and location in Bali. If you’re looking to maximize revenue, however, daily rentals tend to be the way to go.
We at Bukit Vista, a villa management company in Bali use daily rental for our 150+ partner properties to maximize revenue and dynamic pricing to fill the property’s occupancy while maximizing revenue at the same time.
If you’re interested in how we use data and innovative solutions to manage properties and ensure a high return on investment for your property. Feel free to consult us.