Nikos and Katerina Fund Their Trip Abroad Through Their Athens Apartment
Nikos and Katerina had been planning their one-year adventure abroad. To cover their mortgage payments and retain flexibility to return to their apartment if needed, they opted to manage and rent out their property. Through this approach, they secured the income that enabled their travel experience.
Nikolas and Katerina Fund Their Trip with Vacation Property Management
Nikolas and Katerina were planning a 12-month trip and wanted to cover their mortgage payments while also having the flexibility to return to their property. Their apartment in Kolonaki wasn’t generating enough income through long-term rentals, so they contacted us to see if they could increase their income through short-term rentals.
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Apartment Details
- Location: Kolonaki, Athens
- Start of Management: May 2019
- Type: Two-bedroom apartment
After discovering that traditional renting wouldn’t cover their mortgage, they sought our expertise. We devised a strategy to increase their rental income through short-term leasing platforms like Airbnb and Booking.com, while ensuring the property’s security and maintenance.
Increased Income and Professional Management
After contacting us, we implemented a strategy that aimed at:
- Increasing the rental income from the property to cover the loan installments and bills.
- Full care of their property, from cleaning to maintenance and communication with tenants.
We listed their apartment on platforms such as Airbnb, Booking.com, and TripAdvisor, while managing all bookings securely, checking each tenant, and requesting a deposit for potential damages.
Results: Success!
Within hours of listing, we received the first booking, and the apartment was quickly booked for the entire summer. With an average daily rental rate of €210, their income was three times higher than that of long-term leasing. During the winter, we secured a 4-month mid-term rental at €2570 per month from two German engineers working on a project in Athens.
With our services for check-in, maintenance, and cleaning, Nikos and Katerina enjoyed their trip with complete peace of mind, knowing that their property was in good hands. Through their personal dashboard, they had access to all bookings and earnings from anywhere in the world.