With More and more people considering to earn money out of hosting business, renting apartment becomes a viable business in modern societies offering new and flexible solutions to modern day tourists and travellers. Therefore the mindset of a successful host becomes an important factor influencing the outcome of your journey as a host while renting properties in Spain
Buy-to-let is also a new strategy that a lot of Spanish citizens are considering to apply and are applying for their rental properties in Spain. People buy properties in Spain to let and make extra cash,while they do not live in their properties.
If you are keen on joining the entrepreneurial society of hosts, you should adopt to a entrepreneurial mindset that will make you make money of your assets.
1. Mission & Vision
As in every business and company and start up, you need to have a mission . If u do not define your mission and vision,you will not achieve your goals and will not have a successful host mindset.
As simple as that, make a value proposition of what type of service you’d like to offer to your hosts and what you like to convert your renting business into. Is your target a single apartment that you d like to become a comfortable nest for urban travelers allowing you to earn your extra revenue?
Or would you like to set a mini business running by monetizing a couple of your properties in Spain and have someone managing your bookings and sorting you all the hassle?
Put down what you want on paper and make it your mission
On the other hand, if you are joining a company that does the marketing for your property in Spain and you´ ll become a member of a community, you need to check their mission and make sure you like idea and it is aligned with what you had in mind.
2. Innovate and Iterate
Remember, that your journey will not be all smooth along the way. You will face challenges, whether its property related effort or a conflict your having with a troublesome host. Bad reviews that might influence your ROI and efforts and many other unpredictable factors that might affect your initial plan and idea about the business.
For instance after operating your property to rent in Spain, you will have a lot of insights and customer satisfaction surveys, feedback which will give u hints on how to improve the customer experience. You have to be innovative and use the negative feedback for your growth and innovation.
Make the most out of your learning experience to grow your property to rental business in Spain
3. Focus on Delivering Magic
It is a well know fact that traveling does take us out of our comfort zone and makes us explore and adjust to new circumstances, places, people and situations.
5 main psychological traits are proven to be increased in humans while traveling and gaining new experiences.These traits include neuroticism, openness, extraversion, conscientiousness and agreeableness.
However, the traveler is only one side of the puzzle and it only becomes a complete supply offer relationship and more to that a value when the host tries to embrace the traveler´s openness meanwhile creating a new inviting comfort zone for the travelers out of their countries and homes.
It is very important to follow and take care of the details of your relationship with the customer.
From clean and fresh linen to a nicest aroma fragrance upon first entrance to your apartment to enhanced guides and trip tips will make it a valuable relationship with your customer.
So when you finally decide to join our host community and explore your rental business in Spain, please remember our tips over what a successful host mindset really means!