Alex & Christina
An in-depth case study of one of our favorite landlords.
Alex & Christina have been planning to expand their business in Qatar for quite some time now. So they needed to travel and leave their property for a long 12 month duration until their business stands on its feet and its possible to come back home.
They wanted to ensure they had their mortgage covered, whilst having some flexibility to return to their property if they needed to. Their main concern was how to choose the right holiday home management company.
Location: Dubai Marina, Dubai
Surface: 122 sqm (1322 sq ft)
Start of management: March 2018
Type: 2-bedroom apartment
Long-term rental yields too low
After doing a bit of research, they found that a traditional rental would not be enough to cover their mortgage.
As the apartment is their main residence, they were seeking a guaranteed stream of income and to eliminate the risk of tenancy rental cheque defaults and other inconvenient tenancy disputes.
Airbnb Management from afar
Alex & Christina also wanted to ensure their apartment was being looked after whilst they were away. For instance, they wanted someone to take care of maintenance, paying service charges and looking after tenants on their behalf.
In addition to generate enough income to support their life abroad and cover bills and the mortgage payments.
They both contacted us in February 2018 to see if there was a way they could increase their rental income, but also have their risks managed by a professional management company.