efcno1fan
New Contributor
I Thought of idea of renting properties in Ibiza or any other busy holiday resort for that matter
I have found Spanish site (via translating and searching with Google ) that get properties for like 550 euro average a month that sleep four people,
on average people who visit Ibiza pay at least 300 euros per person/week for a room in hotel at similar if not worse standard
I could charge less than half of what they pay to hotel and just pay rent to the owner and gain large commission
For example
Charging 4 people £400 per week ......only £100 gbp each....
rather than usual £300 gbp the would usually pay to hotel
this is 1/3 rd of what they would pay to hotel plus they would have advantage of freedom without security
so instead of £1200 in total to hotel for week .... they would pay me £400
£400 x 4 week = 1600 - 550 rent = 1050 profit
This is just one apartment you could have a while lot more
What you all think ?
I have found Spanish site (via translating and searching with Google ) that get properties for like 550 euro average a month that sleep four people,
on average people who visit Ibiza pay at least 300 euros per person/week for a room in hotel at similar if not worse standard
I could charge less than half of what they pay to hotel and just pay rent to the owner and gain large commission
For example
Charging 4 people £400 per week ......only £100 gbp each....
rather than usual £300 gbp the would usually pay to hotel
this is 1/3 rd of what they would pay to hotel plus they would have advantage of freedom without security
so instead of £1200 in total to hotel for week .... they would pay me £400
£400 x 4 week = 1600 - 550 rent = 1050 profit
This is just one apartment you could have a while lot more
What you all think ?
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