Equipment Suitability for Rental Properties in Barbados
Turning your investment into a rental property can be a great way to earn income. It is all about providing a functional and comfortable experience for your guests when they choose to stay at your property. One of the key things needed for success in your new venture is having suitable equipment. From smart tech solutions to appliances, furnishings and IOTs, equipment for a particular property must make sense for its use and situation. Simply put, having suitable equipment will enhance your guests’ stay, meet and exceed their needs and wants and ultimately deliver on customer satisfaction. The result? Advocacy + loyalty= ROI. It’s a complex formula but the Property Management team at Blue Sky Luxury is here to assist you in choosing suitable equipment to maximize earnings.
Identifying your property niche
When deciding to enter your property into the rental market, it is important to identify what type of rental property you would like to have, a long-term or a short-term holiday rental. Your choice helps to determine the type of equipment needed. Additional factors impacting equipment choice are:
1. The type of rental property
2. The location of the rental property.
To be considered, is the property an apartment /condominium, townhouse? Is it in a maintained gated community? or is it a standalone villa with gardens and a swimming pool? Here is how you choose the right equipment for your rental property.
Furnishing a long-term rental property versus a short-term holiday rental property.
A long-term rental property can be rented fully furnished, semi-furnished or unfurnished. A holiday rental property is a fully furnished and outfitted property that is rented on a nightly rate basis to a range of clients. A long-term rental property can be rented furnished or unfurnished, to an individual or entity for a minimum of 6 months with a signed agreement. Fully furnished entails all necessary furniture, major & minor appliances, a fully outfitted kitchen, enough linen and towels for how many people the property can accommodate.
- A Semi-furnished rental property normally means some furniture and/or appliances are included.
- An unfurnished property means no appliances or furniture.
If any services are included in the rental agreement, it is necessary to provide the equipment for those services, e.g.– laundry, cooking, gardening, pool maintenance, irrigation systems.
Equipment choice based on location
If your property is located on or near the coastline, you may want to consider investing in stainless steel equipment for large and small kitchen appliances to combat the effects of the salty air. If your property is near a Gully, window screens would be recommended for flying insects or birds.
Is your property isolated? If so, you might benefit from a security system. If it is in an area affected by regular water outages, a water storage tank would be helpful.
For condominium properties, choosing a stacked washing machine and dryer would aid with limited spaces.
Must have equipment for property rentals
Do you have a generator? Depending on the type of equipment you have and how essential they are to keeping the property functioning, it is important to make note of what is run by electricity and what you might be without in the event of a power outage. Consideration should be given to having a generator to run power to these pieces of equipment. For example, electric gates, elevators, water pumps for drinking water or even sewage pumps.
Preventative maintenance is crucial
Be proactive, not reactive.
Ensure that all equipment in your rental properties is maintained and serviced regularly. Maintenance should be scheduled in three or six months periods or annually. Governed by The Blue Standards, our definitive 300 pt. checklist for property care, The Property Management team at Blue Sky Luxury has a thorough and innovative Preventative Maintenance Plan. Our Property Care Mobile App ensures that all results are reported in real-time and done right.
Learn more about our Barbados Property Management team
Locally we are known as the Property Management Experts. Our team of 17 Property Managers maintains 200 plus villas, apartments, townhouses and condominiums across Barbados.
Our Property Management Services include:
1. Routine & Preventative Maintenance
2. Human Resources Provision and Management
3. Administration, Account Management and Reporting
5. Smart Staffing
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