The thought of hosting an Airbnb and making continuous profit that is three times more than what you get from long term renting seems like a dream right? It doesn’t have to be a dream, but it does come with some obstacles you don’t really hear much about and that is what we are all about, offering you a seamless way into the industry with our Airbnb management services in Belfast.
Investing in creating a beautiful space to attract guests can be a little scary in that you don’t know what type of people will book in. While handpicking your guests is not an option, there are ways of making sure you’re leaving your property in the right hands, or better yet-find professionals who can manage your airbnb.
Central Belfast Apartments have 10 years of experience in managing serviced apartments in Belfast and if there is anyone to help you build your income from Airbnb, it’s us!
Making the Decision
With the serviced accommodation business still growing in Northern Ireland, there’s no better time to start acting than now. Many people may be hesitant about buying a property with the intention of transforming it into an Airbnb because of the simple fear of ‘what if the plan fails?’.
If you’re eager to hop on this bandwagon of owning your own serviced apartment and watching your extra income grow, there is absolutely no reason why you couldn’t achieve this.
Potential Income to be Made from Airbnb
Firstly, you don’t need to buy an expensive apartment and rent it out right away. The smart and money efficient way of doing this is by buying a cheaper property that may require some work to be done. You need to remember that you’ll be renovating, styling and designing the interior regardless of what it looks like anyway, so you may as well save some cash while you’re at it.
To give you an example, my own personal example, my initial expenses when purchasing my first serviced apartments will be included, and the profits that I have gone on to make from them – and I still do today.
An apartment worth £67,000 was transformed into a beautifully designed interior with £10,000 and results in an extra income of £30,000 per year!
This means that in just over 2 years the investment will be completely paid off and the rest is just clean profit-forever – just like mine was.
If you’re still unsure whether it’s worth it, think about how much extra money you can make if you buy a few properties to change into serviced accommodation. You can have multiple sources of endless income. And become financially free and get back your time.
Making the Right Decisions with Serviced Accommodations
You don’t need to go through this process alone, especially if it’s your first time. There are lots of things to be mindful of such as the type of property that works for S.A’s, locations, dealing with your guests and avoiding troublemakers.
If you’re seeking useful information on Airbnb management in Belfast, then Central Belfast Apartments Management would be happy to walk you through our tried and tested system.
There are tips in my book ‘serviced accommodation 5 star fundamentals’
Your can also put your email address in below to receive the first chapter of my new book before launch.
If you’d like to speak to us personally, you can reach out and get some insightful information on how to go about being financially free with Airbnb.