11 February 2022
Following our experience managing our properties during the pandemic, we have concluded that there is a high demand for mid-term rentals and that developing these properties can be as profitable as short-term rentals.
As you know, due to the pandemic restrictions, we´ve been forced to adapt our strategy in order to maximize our properties profits by renting them mid-term, as there was no tourism.
It´s been always a temporary solution, and it worked.
After all these months, we´ve come to the conclusion that well-managed mid-term rentals can be as profitable, or even more, than short-term rentals. This is because although these properties have less income, they can be compensated by reduced management and lower acquisition cost.
This is why we want to develop new opportunities focused on this market niche, with different kinds of properties than the ones we are used to in Brickstarter, so far.
The main characteristics of these opportunities are:
Our goal is to maximize our monthly revenues by developing a real estate asset that is attractive to our final buyer, and we are convinced that by delivering the right yields, these properties are going to be easier to sell.
No doubt that this is a new category of opportunity, apart from what we have developed so far, but they will also have Brickstarter essence:
We will be publishing this kind of property all along with vacation rental properties. We strongly believe that these two categories complement each other in order to maximize profits and reduce risks, and therefore should be included in any portfolio.
Soon you will receive an email to confirm your Brickstarter account.
We hope to see you soon!