The day to day life of a property manager involves a huge amount of communication: with property owners, guests, suppliers, and amongst colleagues of course! And there are certain keywords that come along very often at the Lisbeyond office. Curious to learn more about these important terms in the property management business? Read it all here!
Keyword #1 - Alojamento Local
Alojamento Local is the Portuguese word to describe the activity of short-term rental in a local accommodation, to – mainly- tourists. Anyone can start an ‘Alojamento Local’ activity, however the accommodation needs to comply with various legal requirements and tax rules.
One of our Lisbon Properties: Lovely Graça
Keyword #2 - Inventory
One of the most important aspects of property management is the creation, checking and updating of the inventory. Having a clearly structured inventory is vital for a well running business of short-term rentals and making sure that all necessary amenities are always available at the property. Curious what this means in practice? You can see it in this video:
Keyword #3 - Reviews
Positive reviews are one of the most important aspects when people choose their holiday accommodation. So it is obvious that the Lisbeyond team is focussed on receiving the best reviews, on a daily basis. Review scores are mostly based on the property location, response-rate, communication, cleanliness, amenities, and the value for money.
One of our Lisbon Properties: the Cozy Apartment in Principe Real
Keyword #4 - Cleaning
For the success of a short-term rental property, proper cleanliness is inevitable. Via whatsapp, e-mail, phonecalls and in-person meetings, our team is involved with the cleaning process of all our apartments at almost each moment of the day.
One of our Lisbon Properties: the Estoril Apartment
Keyword #5 - Revenue
The result of our hard work is of course: revenue! This keyword is usually of the most interest to our property owners. Right from the beginning, property owners ask us, ‘how much revenue do you think my property would make’? We provide our answers based on our experience and market data from our specialized software tools AirDNA and Beyond Revenue. After the property is published online and ready to receive guests, we make sure the revenue management is taken care of everyday, to obtain the best occupancy for the best nightly prices.
One of our Algarve Properties: the Casa das Almaragens
LisBeyond is always here to help, and also to answer all your questions, so if you have any ideas on a topic you would like to read, feel free to contact us only a click away.
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