What is Property Rental?
A Property Rental means that a property from which the owner receives payment from the occupants as known as tenants, in return for occupying or using the Space. Property Rental Script may be either residential or commercial. The owner of rental property may be allowed to take certain tax deductions like interests.
- Car Rental
- Bike Rental
- Home Rental
- Construction Tools Rental
- Vacation Rental
- Boat Rental
- Sports Goods Rental
- Furniture Rental
- Hotel Rental and etc.
How Property Rental script works
Here our Property Rental Script works based on the three roles such as,
Here the explanation about how the Buy2Rental Property Rental Software works,
Guests and Host can log in through their social media accounts. Once the host successfully registered on the platform. The Host can list their properties with the details such as home type, room type, a place likewise.
If the guest likes the particular host’s property, they can give the booking request for the appropriate host. Once the request is sent it will be placed on the waiting list for the host’s approval.
If the host satisfied with the guest’s request, then they will accept the request based on the check-in and check-out.After the Guest starts their instant booking. Payment transactions happen at the end of the booking with the help of the admin panel. At the end of the rental, the guest can give a rating and review for the host and the property.
Once all the above process completed, admin act as intermediate and deduct admin commission and rest of the amount will be transferred to host. We are having another option like cancellation policy. Based on that cancellation policy, the amount will be transferred to guest and host from admin.
Steps to be followed to get profit by renting out your Properties
- Make a Financial plan
- Make a Rental Plan for Your Property
- Set a Rental Rate
- Have a Property Management Plan
- Study about Rental Business Law
- Set your Terms and Conditions
- Create a Marketing Plan
- Prepare Document your rental property
While entering into the Vacation Rental Business you have to follow those steps to succeeding your startup. Migrateshop offers one of the best Vacation Rental Script helps to build your own Property Rental Business and also increase your profit. You can earn admin commission with our Airbnb Clone Open Source Script.