Example business plan for renting

Renting out apartments for daily rent is considered a fairly profitable business. The main advantage is earning from scratch without much investment in the event that at least one apartment for rent is available. It can be inherited or previously acquired through a mortgage. In this article, we will consider a business plan for daily rent of apartments by the owner.

Project Summary

An example of a business plan will be presented based on the daily rent of apartments in a large city. This business has good prospects in a big city, where the target audience is wide enough. However, this business is no less profitable in a small tourist town. The essence of the business is the delivery of 3 apartments, the owner of which rents out living space for daily rent in different parts of the city: two in the central area and one in a residential area. Accordingly, customers will be both middle and high class and below average.

General characteristics of apartments:

  • 1-room studio apartment on the 3rd floor with a total area of ​​30 sq. m in the central area.
  • 2-room apartment on the 5th floor with a total area of ​​45 sq. m next to the metro.
  • Apartment in a residential area 1-room with a total area of ​​30 sq. m on the 2nd floor.

It should be noted that both prospects and competitors will be many. However, the demand for this type of service allows you to take your place in the niche and develop your business, receiving passive income. Competitors - individuals who rent out a similar living space, and real estate agencies. The main criteria that will allow us to compete with competitors are an individual approach to the client, a high level of service for apartments in the city center, and an affordable price for an apartment on the outskirts of the city.

To start implementing an idea, you need to purchase furniture and appliances. Also, at the initial stage, it is necessary to draw up a business plan for daily rent of apartments with calculations. In order to have investments in a more promising project, it is recommended to rent one of the apartments for rent for at least six months with minimal investment in consumables (bed linen and utilities). In this case, it will be possible to pay off the start-up costs for middle and VIP-class apartments.

First, you should study the risks that are a stumbling block for acquiring a stable income:

  • Unstable demand.
  • Unscrupulous tenants (theft of small equipment, interior elements, damage to property).
  • Decrease in the solvency of potential tenants due to the decline in the economic situation in the country.
  • Aggressive competitors.
  • Unsuccessful neighborhood, which can worsen the service and quiet living of residents.

It is difficult to predict the number of tenants per month in advance, but success largely depends on active search and correct communication with potential tenants. They need to be offered what they want to get: complete information about the apartment, advantageous aspects (proximity to the metro, no lower than the 2nd floor and no higher than the 10th, the presence of everything you need in the apartment, a balcony, a good view).

Examples of a business plan for renting an apartment

Renting out apartments for daily rent is considered a fairly profitable business. The main advantage is earning from scratch without much investment in the event that at least one apartment for rent is available. It can be inherited or previously acquired through a mortgage. In this article, we will consider a business plan for daily rent of apartments by the owner.

Project Summary

An example of a business plan will be presented based on the daily rent of apartments in a large city. This business has good prospects in a big city, where the target audience is wide enough. However, this business is no less profitable in a small tourist town. The essence of the business is the delivery of 3 apartments, the owner of which rents out living space for daily rent in different parts of the city: two in the central area and one in a residential area. Accordingly, customers will be both middle and high class and below average.

General characteristics of apartments:

  • 1-room studio apartment on the 3rd floor with a total area of ​​30 sq. m in the central area.
  • 2-room apartment on the 5th floor with a total area of ​​45 sq. m next to the metro.
  • Apartment in a residential area 1-room with a total area of ​​30 sq. m on the 2nd floor.

It should be noted that both prospects and competitors will be many. However, the demand for this type of service allows you to take your place in the niche and develop your business, receiving passive income. Competitors - individuals who rent out a similar living space, and real estate agencies. The main criteria that will allow us to compete with competitors are an individual approach to the client, a high level of service for apartments in the city center, and an affordable price for an apartment on the outskirts of the city.

To start implementing an idea, you need to purchase furniture and appliances. Also, at the initial stage, it is necessary to draw up a business plan for daily rent of apartments with calculations. In order to have investments in a more promising project, it is recommended to rent one of the apartments for rent for at least six months with minimal investment in consumables (bed linen and utilities). In this case, it will be possible to pay off the start-up costs for middle and VIP-class apartments.

First, you should study the risks that are a stumbling block for acquiring a stable income:

  • Unstable demand.
  • Unscrupulous tenants (theft of small equipment, interior elements, damage to property).
  • Decrease in the solvency of potential tenants due to the decline in the economic situation in the country.
  • Aggressive competitors.
  • Unsuccessful neighborhood, which can worsen the service and quiet living of residents.

It is difficult to predict the number of tenants per month in advance, but success largely depends on active search and correct communication with potential tenants. They need to be offered what they want to get: complete information about the apartment, advantageous aspects (proximity to the metro, no lower than the 2nd floor and no higher than the 10th, the presence of everything you need in the apartment, a balcony, a good view).

For the correct search for clients, the entrepreneur himself must analyze the volume of competitors and understand who will be the key client for him and to whom to direct maximum efforts. For apartments in the city center, you should look for residents of the following categories: couples, business travelers, tourists. It is best to search for them on popular Internet resources where these people are looking for apartments. The target audience for apartments on the outskirts of the city is young companies, tourists and business travelers with a lower income level.

Activity Registration

Renting out apartments for daily rent is considered a fairly profitable business. The main advantage is earning from scratch without much investment in the event that at least one apartment for rent is available. It can be inherited or p ...

This business plan is designed to invest in the acquisition of a property complex with an area of ​​3000 sq. ... with the subsequent lease of premises. The purpose of developing a business plan: to obtain a loan; Volume of work: 132 pages; Business planning horizon: 10 years. The business plan envisages the acquisition of property ...

This business plan is designed to invest in the acquisition of a 10-storey residential building with an area of ​​6,000 sq. ... with the subsequent renting of apartments. The purpose of developing a business plan: to attract a loan; Amount of work: 57 pages; Business planning horizon: 20 years. Within business ...

This business plan is designed to invest in the creation of an IT park. The purpose of developing a business plan: to obtain a resident status in a technopark; Amount of work: 35 pages; Business planning horizon: 5 years. The business plan envisages the construction of an office center with a total usable area of ​​4000 sq. ... and ...

This business plan is designed to invest in the construction of an office center with an area of ​​1,700 sq. ... The purpose of developing a business plan: to attract a loan; Scope of work: 82 pages; Business planning horizon: 6 years. At the time of the development of the business plan, earthworks and installation have already been completed ...

This business plan is designed to invest in the acquisition of an office complex with a total area of ​​2800 sq. ... with the subsequent lease of premises. The purpose of developing a business plan: to attract a loan; Amount of work: 114 pages; Business planning horizon: 10 years. The acquired office center has ...

This business plan is designed to invest in the acquisition and renovation of a building with the subsequent sale and lease of non-residential premises. The purpose of developing a business plan: to attract a loan; Amount of work: 188 pages; Business planning horizon: 10 years. The building to be purchased has the following ...

This business plan is designed to invest in the construction of a trade and logistics center with the subsequent lease of premises. The purpose of developing a business plan: to attract a bank loan; Scope of work: 72 pages; Business planning horizon: 5 years. It is planned to offer rental services on the market ...

This business plan is designed to invest in the acquisition of a building with the subsequent lease of non-residential premises. The purpose of developing a business plan: to attract a bank loan; Amount of work: 69 pages; Business planning horizon: 5 years. Within the framework of the project, it is planned to make investments in ...

This business plan is designed to invest in the acquisition of 2 property complexes with the subsequent lease of commercial real estate. The purpose of developing a business plan: to attract a loan; Volume of work: 131 pages; Business planning horizon: 10 years. Within the framework of the project, it is planned to acquire property ...

This business plan is designed to invest in the acquisition of an office and production complex with the subsequent lease of premises. The purpose of developing a business plan: to attract a bank loan; Amount of work: 93 pages; Business planning horizon: 7 years. It is assumed that the building will be purchased and renovated ...

Closed Joint Stock Company "Business Multifunctional Complex" 125656 Moscow, st. Festivalnaya, 40 Tel. (095) 9446950

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