Short-term rental host: saving time means making money! How much is your time worth?

Camille

June 25, 2021

This article was amended on

21/4/2022

This article was updated and republished on

Saving time is making money. In other words, “time is money.” If the digitalization of services and commerce began a few years ago, it is simply a question of productivity. By saving time, you make money. There is no doubt that the mass distribution, which decided to empower its customers by letting them cash in on their own, has done its calculations. By making the checkout process more fluid, by allowing customers to manage tasks themselves without much added value, the saving of time and money made it possible to invest in other projects. Fewer cashers to assign them tasks with higher added value: problem solving.

From another angle, that of the customer, The gain is that of time. Checkout faster means saving time to devote to more interesting or more engaging tasks. However, since time is a precious asset, greater satisfaction with the purchasing experience is ultimately expected.

For short term rental, the host welcomes his traveller, devotes time to him before his arrival, during his stay and at his departure. All these trips and time spent are not always taken into account when considering the costs generated by their activity. But by the way, have you ever asked yourself How much is your time worth ? And how much does it cost to welcome you? OIQIA has created a simulator to see things more clearly.

The OIQIA service at your disposal to manage your short-term rental property

If you realize right now that you will have neither the time nor the energy to take care of your short-term rental property, OIQIA offers you to manage it from A to Z, for you.
From the writing of your announcement to the autonomous entry of your guests to cleaning your home, we take care of everything!
To find out more or to contact us simply click here: I discover OIQIA

How do you make money on a short-term rental? #On Accounts Your Expenses

Whether you are an owner or a janitor, there are tasks that must be completed in a short-term rental. And it is by breaking them down one by one that we can detect their cost and importance. As well as their number. For example: answering travellers' questions, welcoming them, checking out, writing an announcement on a platform, synchronizing reservation schedules, etc.

One of the most common mistakes is to focus only on earnings. At cash receipts. It is true that it is more than tangible and transparent: you just have to look at your bank account. As for expenses, a cost calculation is sometimes complicated. Or simply overlooked. However, it is more than necessary to take into account a fair assessment of its costs in order not to persevere in a model that is not profitable for you.

Example of breaking down a check-in cost

How do I establish a check-in cost?

What does a check-in service involve? (we take into account the use of a car but the same exercise can be done with other means of transport)

  • Cost of gas to get around
  • The cost of vehicle wear
  • A time cost to provide the reception service
  • And certain pollution for the most environmentalists among us...

At OIQIA, we created a simulator in order to understand how much a check-in costs if we went face-to-face.

#Le Case of Antoine, Owner of a Furnished Tourist Apartment for Yearly Rental

Antoine's concrete case

Take the example of Antoine, who lives 15 km from his Airbnb home. It rents 260 days a year and the average length of stay for its travelers is 4 days. He estimated by counting that, on average, a check-in takes 45 minutes for him with his travelers. 15 useful minutes (relevant questions about the operation of the equipment or surrounding addresses) and 30 minutes of chatter. In one year he will travel about 1463 km for his check-ins. He will devote 192 hours of his time to it.

The solution for Make money and time?

The autonomous arrival of the traveller, via The OIQIA Traveler app, will make it possible to achieve the following savings:

Gain temps gain argent location courte durée

#Le Case of Marie, Owner of a Studio For Short Term Rental 60 Days A Year

Marie's concrete case

Now, let's take the example of Marie, who owns her studio and is 30 km away from her home. It rents 60 days a year and the average length of stay for its travelers is 2 days. She estimated by counting that, on average, a check-in takes 60 minutes for her with her travelers. 15 useful minutes (relevant questions about the operation of the equipment or surrounding addresses) and 45 minutes of chatter. In one year she will travel about 1350 km for her check-ins. She will devote 156 hours of her time to them.

The solution to save money and time?

The autonomous arrival of the traveller, via The OIQIA Traveler app, will allow Marie to make the following savings:

Gain temps gain argent location courte durée

And you? How much is your time worth? Antoine and Marie Don't Look Like You? Try Our Savings Simulator to Save Money and Time

Your time is worth the amount you're giving up.

OIQIA, by placing at the center of its service: the autonomous arrival of the traveller, starting in July 2021, is sharing its unique turnkey solution to allow you too to save time and money. Let's not forget that travel is a real cost, in terms of money and time.

The advantage of the OIQIA Traveler turnkey solution, which integrates a smart lock and an application that can be downloaded from Google Play and Apple Store, is to save you both time and money. Click here to find out more. Also, to simplify your life. Because when you combine a set of functionalities in the same place (guidance, welcome documents, door opening, check-in and out...), you also save time. In other words, everything is in the same file: there is no need to open a multitude of software programs to manage the arrival of your travelers. You could also call it “brain time” saved. Gain peace of mind: simplicity is good!

In conclusion

Have you started the short-term rental business for stars full of eyes? After all, Airbnb promises great profitability and unstoppable logistical ease in its advertising. ! However, daily life and the reality on the ground have shown you that you are losing a lot of energy, time and money.

Interested in our comprehensive solution?

To discuss the management of your tourist rental project and to know the details of the operation, make an appointment with one of our advisors.

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