Introduction
After the high success globally, short term rental apps such as Airbnb, Booking.com & Agoda have been gaining popularity in Pakistan aswell. Especially in the vicinity of DHA Lahore, since the amenities, location and demand from travelers, expats and tourists makes it a perfect market for it. Hence property owner are considering the business model more eagerly than ever to generate a higher income for their rental properties.
If you own a property in DHA Lahore, this will guide you through a step by step process to turn it into a profitable Airbnb – from setting it up, to managing it.
1- Why should you choose Airbnb over conventional renting?
Feature | Airbnb | Conventional Renting |
Duration | Short Term | Long Term |
Income | Higher (Rs. 8,000 – 40,000 per night) | Lower (Fixed Rent) |
Maintenance | Regular Maintenance | Tenant Handles Maintenance |
Flexibility | Rent Whenever You Want | Long Term Leases |
Payments | Secure on-time Payments | Potential Late Payments |
Airbnb provides a higher income but requires more attention and management.
2- How to Choose the Right Property to List on Airbnb
Not every property is ideal to be listed on Airbnb for good profits. The following are the best options:
- DHA Phase 5,6 & 8 – High end locations of Lahore with modern infrastructure and newly constructed properties. Variable options in houses and apartments.
- Near Main Commercial Area – This gives the client easy access to necessities of life, hence makes your property more appealing.
- Apartments in Gold Crest & Penta Square – Apartments are highly preferred by tourists and business travelers.
- Furnished Houses & Portions in DHA – Families and long term guests prefer a properly furnished property.
Tip: If you don’t have a property of your own, an easy way to jump into this business model is to rent out properties yourself and subletting it on Airbnb. But it is necessary to get the owners approval for this, because some owners don’t allow subletting.
3- How to Set Your Property in the Best Way Possible?
As the demand for this business rises in popularity, so does the competition. Hence it’s essential to set your property in the best way possible to stand out and attract most amount of clients.
– Fully Furnished Your Property
- Use Modern and Minimal Furniture That Looks Trendy and Practical.
- Use High Quality and Comfortable Beds with Fresh Sheets
- Equip the Kitchen with All Essential Appliances Such as Fridge, Stove, Microwave, Cutlery etc.
- Provide Good Wi-Fi and TV
– Keep The Property Clean & Tidy Always
- Hire a Maid or Cleaning Service to Clean The Space After Every Use.
- An Additional Touch Would Be to Provide Fresh Towels, Toiletries etc.
– Make Sure The Property is Secure
- Use Smart Locks or Keyless Entry For Easy Check-ins.
- Use Cameras in the Exterior of the Property
- Use Backup Power Solutions Such as UPS or Generators
4- How to List the Property the Right Way
To get maximum number of bookings follow the steps:
– High Quality Photos Are Mandatory
- Hire a photographer or use a good camera or phone to take photos.
- Take photos in daylight.
- Showcase the Bedroom, Washroom and Lounge Area properly so the client gets a good idea of the property.
– Write a Thorough Description
- Write an Attractive Title Mentioning the Key Highlights of the Property.
- Include All Amenities and Features in the Description.
– Pricing is Important, So Set Right Prices
- Start of with Lower Rates Initially to Gain Customers and Reviews
- Increase Your Rates During Holidays and Events
- Offer Discounts For Clients Looking for Long Term Stays
5- Manage Clients Properly & Give Them Exceptional Services
Reviews are the backbone of a successful Airbnb business, hence focus on those 5 Star reviews!
– Make Check-ins & Check-outs Seamless
- Use Self Check-in Solutions with Smart Locks
- Welcome Guests With House Rules & Wi-Fi Password
– Offer 24/7 WhatsApp & Call Support
- Be Available for Any Client Queries
- Partner with cleaning service agencies for quicker turnovers
– Encourage Reviews
- Politely request guests to leave 5 Star Reviews
- Offer small perks like snacks, coffee, tea etc.
6- Marketing Your Airbnb Property
Setting up and listing your property on Airbnb isn’t enough in this competitive market. Do the following to market your property and gain maximum clients:
– List on Multiple Platforms:
- List on platforms such as Booking.com, OLX, Facebook Marketplace, Rentals.com etc.
– Social Media Marketing
- Post Stunning Photos & Create Ads on Facebook & Instagram
– Use Google
- Create a Google My Business Listing for higher visibility & Credibility.
Tip: The More Places You Listed Your Property on, the More Booking You Will Get.
Conclusion:
Is Airbnb a profitable business in DHA Lahore? Yes! If managed properly, it can generate a minimum of PKR 200,000 + per month.
Earning Potential By Example:
- 2 Bedroom Luxury Apartment: Rs 12,000 Per Night x 20 Nights = Rs. 240,000/Month
- Furnished 1 Kanal House: Rs 25,000 Per Night x 15 Nights = Rs. 375,000/Month
By Offering Great Service, Smart Marketing, and Pricing Strategies you can turn your property into a passive income machine!
Ready to start your Airbnb Business? Need Help?
Contact Us Now to Get Expert Consultation!
Call: 03 111 222 291
Or Visit: www.rentals.com.pk