How to ensure you successfully rent a vacation home in Hurghada while travelling?
One of Egypt’s most popular tourist destinations, Hurghada is an Egyptian coastal city overlooking the Red Sea, famous for its beautiful beaches and clear blue waters, and for many property owners in Hurghada, renting out a vacation home in Hurghada while they are travelling is an effective way to increase their return on investment.
If you own a unit in Hurghada and want to make the most of it while you’re travelling, there are many ways you can go about it.
In this article, we will provide you with a comprehensive guide on how to successfully rent out a Hurghada unit to foreigners and expats, to maximise your return on investment, focusing on effective and easy-to-implement strategies.
How to rent a vacation home in Hurghada
If you own a vacation home in Hurghada and want to rent it out to tourists and investors in Egypt, to maximise your return on investment in the long term, here are the most effective ways on how to rent out a vacation home in Hurghada:
Renting a vacation home in Hurghada: Understanding the rental market in Hurghada
The real estate market in Hurghada is one of the most dynamic and dynamic markets in Egypt, where the demand for furnished and serviced properties is constantly increasing, especially by foreign tourists and expatriates looking for suitable places to rest and enjoy, and to understand how to successfully rent a vacation home in Hurghada, you must first know and understand the local market, and here is what you should know about the local market:
- Know the type of properties that are in constant demand, such as hotel apartments and residential units that are well-furnished and equipped with the best services (high-speed internet and air conditioners), as these services are the most in demand, in addition to units with a sea view or close to tourist facilities and restaurants, as they are also in great demand.
- 2. Identify your target group: Foreigners generally prefer clean and modern vacation homes with all facilities, and European tourists, especially (Germans, Italians and Russians), are one of the most demanding groups when it comes to renting a vacation home in Hurghada.
Renting a vacation home in Hurghada: Make your unit attractive
One of the important steps in attracting foreign rentals is to provide all modern comforts, and make sure that your vacation home appears in the best possible shape, and it can be equipped as follows:
- Prepare an interior design in the form of simple and modern décor with calm and comfortable colours, you can also add some local touches that reflect the spirit and culture of the region, which may attract foreigners and rentals who are looking for a distinctive and unique experience.
- Ensure that all basic fittings are available such as comfortable furniture, a fully equipped kitchen, modern electrical appliances, and efficient air conditioning, especially in the summer months.
- Provide additional amenities such as (TV screen, high-speed internet access, and barbecue tools for the garden if available).
Renting a vacation home in Hurghada: Determining the right price for renting a unit
The price of renting a vacation home in Hurghada depends on several factors, including the size of the unit, its location, available facilities, and the tourist season in which it is offered for rent.
It is essential that your pricing strategy is flexible, based on the following:
- Analyse the market by studying the prices of similar rentals in the area, thus ensuring that the rental price of your unit is in line with the available level of competition. You can use popular international rental platforms such as Airbnb/Booking.com/Vrbo to analyse prices, or through local property websites in Egypt such as Aqarmap/OLX that provide insight into prices and competition.
- During low seasons, you can offer discounts for longer stays or additional benefits such as free tours or airport transfers.
3.Use pricing strategies that are based on real-time demand and supply to maximise return on investment.
Rent a vacation home in Hurghada: Using Online Marketing Effectively
Today, digital marketing is a powerful tool to reach a wider audience of potential foreigners and renters, and there are plenty of ways to optimise your marketing strategies, such as:
- Register on global real estate platforms such as Airbnb/Booking.com/Vrbo, or register on local platforms in Egypt such as Aqarmap/OLX and rent a vacation home in Hurghada, and make sure that the photos and description reflect the shape and beauty of the unit and its features in detail.
- If you have a website dedicated to marketing your property, you should focus on SEO to ensure that your unit appears in search results when keywords such as ‘apartment for rent in Hurghada’ or ‘holiday home in Hurghada’ are used.
- Use social media marketing, and use platforms such as Facebook and Instagram to advertise the rental of a vacation home in Hurghada, posting attractive photos of the unit and short videos that focus on the unique features of the offered unit.
Rent a vacation home in Hurghada: Work with a local property agency
Collaborating with a trusted and credible local real estate agency can help you reach a wide base of foreign clients, as these agencies have sufficient knowledge and experience of the local market and can provide you with many services, such as:
1.Property Management Service This service includes the providing of rental management services, such as (receiving the renters, cleaning the unit after departure, and maintaining all properties).
2.Providing you with legal advice to ensure that all rental procedures are in line with all local laws.
3.Effectively marketing and promoting your vacation rental unit, both online and through its own networks.
Rent a vacation home in Hurghada: Ensure compliance with local laws
When renting a vacation home in Hurghada, it is essential to comply with all local laws related to renting properties in Hurghada, as these laws vary according to the type of property unit and its location, and can include:
- Licences: Check that you have all the necessary licences to rent out your property; some properties may require special permits when renting to foreign tourists.
- Taxes: Make sure you know all the details of taxes on rental income and how to pay them to avoid any legal issues later on.
- Contracts: It is imperative to use clearly written rental contracts that specify all terms, including the length of the lease, the amount due, and the responsibilities of each party.
Renting a vacation home in Hurghada: Keeping your property safe
Security is the most important factor that tenants look for when choosing a property to rent, and to ensure that you rent a vacation home in Hurghada with a high degree of security, you can follow the following guidelines:
- Provide security systems, such as installing surveillance cameras, as well as theft and fire alarm systems.
- Ensure that your property is insured against accidents and potential damages.
- Collaborate with a maintenance company to provide a reliable maintenance team that is available on a regular basis to inspect and maintain the unit.
In addition to the above methods, getting positive reviews from foreigners and previous tenants is an important element to attract more tenants and foreigners in the future, and to ensure you get a positive experience from your tenants, follow these tips:
- Be quick to respond to their enquiries and provide support when needed.
- Offer flexible check-in and check-out options.
- Provide them with a local guide with information on local attractions, restaurants and markets.
Finally, renting out a vacation home in Hurghada while you are travelling is an effective way to increase your return on investment in the long term and generate additional income on an ongoing basis. By preparing the unit attractively, using smart pricing and marketing strategies, and collaborating with local real estate agencies, you can get the most out of your property investment.
Don’t forget to comply with local laws and keep your unit safe to ensure a positive tenant experience and increase your unit’s reputation in the market. By following these tips, you will be on the right track to succeed in the Hurghada tourist property rental market and get the most out of your unit.
