article thumbnail

Understanding Non-Occupancy Charges in Housing Societies

ADDA

Share benefits of rental income with the society. Vacant or Locked Units In most states, especially Maharashtra and Karnataka, non-occupancy charges are not applicable if the flat is vacant and not generating any rental income. These typically apply when the unit is rented to tenants or kept vacant.

article thumbnail

How to Increase Rental Revenue: A Guide for Property Owners

Tokeet

This is why a new way of managing rentals is needed. The Cornerstone: Mastering Channel Management A key step to boosting your rental income is using a channel manager. Simply put, it’s a tool that connects your rental properties to many different online booking sites, like Airbnb, Booking.com , Vrbo, and Expedia.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Airbnb Pricing Tools: What Do They Do for Hosts and What Are Your Options?

Hospitable

The nightly rates proposed by the best dynamic pricing tools are tailored to the specific characteristics of your rental property and allow you to maximize occupancy and monthly rental income. Moreover, dynamic pricing tools can automatically push suggested rates to Airbnb and other platforms without you lifting a finger.

article thumbnail

Maximising ROI in Property: Why Direct Bookings Matter

Zeevou

Enhanced Rental Income Potential Improving your conversion rate the percentage of website visitors who make a booking is key to increasing vacation rental ROI. A PMS with portfolio-wide analytics ensures consistent pricing optimisation, maximising ROI and rental income.

article thumbnail

Can You Remodel a Condo in Philadelphia?

Bay Property Management Group

In Philadelphia, you dont need to go through an architect or engineer just to file for permits. Flooring Replacements What works: Vinyl planks, engineered hardwood (noise-proofed), or tile. Remodeling a condo can boost its rental income potential and resale value. Who Handles Remodeling Permits in Philadelphia?

article thumbnail

Tax Strategy for Short-Term Rental Hosts: Why Clean Books = Bigger Deductions

Beyond

In general, if you’re providing services like breakfast, daily cleaning, or concierge, you may need to report income on Schedule C. ‍ Look into tax exclusions like the 14 day rule , which allows you to earn rental income tax-free if you rent out your home for 14 days or fewer in a year. Your submission has been received!

article thumbnail

Airbnb Investment: 101 Guide

Hospitable

If you've been thinking about buying a property to rent out on Airbnb , in this guide, you'll find everything you need to know to navigate the process and build the right strategy to maximize your rental income. Estimate your potential Airbnb rental income, operating expenses, and potential cash flow.