Possible Solution For Apartment Rental Services  

Serviced apartments rentals are income generating methods for a business. Furnished with all of the standard household furniture. Additionally, they come with everything you might possibly need, including a desk, cookware, pans, and laundry baskets, to work, cook, and live.

Important Message: In the field of property economics, the proportion between the rental and selling prices of residential properties is a frequently researched statistic. The annual gross rental in a certain location is contrasted with the cost of homes in pricing to rent ratio.

Speaking of laundry baskets, many serviced residences include a washer and dryer inside each unit.

Our Client Story

As we know that rental apartments are very flexible to stay if the location is good. One of our clients is an expatriate. He faced many rental issues when starting a renting business in Dhaka. Many apartments which are rented to expatriates or students are located through companies. Many tenants used to pay an agent a fee in the past. Another problem he faces is poorly maintained. In circumstances where the rent is included, your tenant must start taking care of the upkeep of your apartment. After that he faced  managing reservations problems, managing equipment rental,complex booking & pricing model Management upkeep of machinery and  customer service.After that based on his issues we gave him a perfect solution regarding apartment rental. 

The Challenges Faced By Our Client

1. Managing Reservations Problems

When you take availability and reliability into account, managing reservations can be quite difficult. And even the most excellent rental merchants will make mistakes if you continue to use schedule templates from Excel.

Solution 

Use An Online Reservation System – Real-time automatic adjustment of apartment rental equipment availability. It allows you to manage property inventory from a single location and view all future reservations from a single unified dashboard.Let the tour leaders enter and inspect each rental property. This makes it simple to keep track of all inventory, see which employees check equipment in and out, and stop theft and misplaced rental items.

2. Managing Pricing Model

Manually tracking reservations is tiresome, period. Additionally, there’s a good chance that you don’t just focus on one kind of renting or experience if you’re an outdoor event operator like our colleagues at serviced apartments.

Solution

It makes it simple to provide rental add-ons aids in the creation and management of intricate rates and price structures. Allows you to set up and manage various apartment rental  availability options (hourly, daily, and nightly , as well as block time between various rentals.

3. Managing Rental  Equipment

There is one unbreakable law in the world of equipment costs of apartment rental, regardless of whether you specialize in holding paddle boards, electric maintaining your equipment. Having the top, clean, and well-maintained home rental equipment keeps visitors safe, distinguishes you from other serviced apartment businesses, and enhances the authenticity of a client’s point of view.

Solution

Ask your workers when the equipment has degraded to the point where it cannot be rented. All of your workers should have access to a daily checklist, and you should hold them responsible for finishing the apartment rental  maintenance checks. Use an online reservation tool service that makes it easier to track the dates and duration of equipment rentals. This will enable you to determine when particular types of hardware may require a more complete assessment or when they should be replaced because they have reached the end of their useful life.

4. Upkeep Of Machinery And  Customer Service

Possibly the most crucial element of building a small home rental or apartment rental  business is giving clients a good experience. Possibly the most crucial element of managing a business is giving clients a good experience.

Solution

Here are a few basic ideas that any rental business may use right away to help guarantee client pleasure. 

Give clients a simple way to book available on the internet and make it simple for them to:

(1) Comprehend all of their option

(2) See your calendar’s availability in real time

(3) Book a room at any time on your website.

With a mobile app and an online reservation platform like Peek Pro, walk-in consumers may even register there and then.

Ask for opinions: Always contact your clients after they’ve had a positive encounter. Their suggestions can aid in the development of your home rental or apartment rental company, and if they really were pleased clients, this is an ideal opportunity to request recommendations or reviews.

The Result

Our Client’s rental businesses face challenges for home rental or apartment rental business during peak season, but by making a few simple adjustments, now he can operate more effectively than before. By streamlining the daily operations, booking software enables you to concentrate on the wider picture, which, from where you stand, we bet, is rather lovely. And while you’re considering how to overcome some significant business obstacles for rental companies,now he knows  pricing peculiarities for his own rental business that can be managed with the aid of a powerful online booking tool.

Final Word’s

HotelsBD  is the fresh face of the vacation in Bangladesh. We provide the most lavish residential apartment rental properties, complete with the newest home appliances and hotel facilities, additional housekeeping, and round-the-clock maintenance. We work hard to provide our visitors with first-rate lodging amenities and facilities. Get in touch today.