Earning Passive Income From Property Investment

Earning Passive Income From Property Investment

If you aim to be a successful person, you need to take as many as opportunities while you can. And if you aim to be a successful person with financial independence, creating multiple revenue streams sounds like a good idea. And you have seen how the pandemic has affected almost everyone. And for those who have multiple revenue streams seem to be doing well during crisis because at least they have back up to keep them afloat until they can get back on track. Property investment can be your source of passive income if you can organize it right. 

Running a rental to gain passive income

You can run your business while earning passive income from renting out your property. If you are new to property investment, it may sound overwhelming because you think about how to properly rent it, how to organize it and keep it clean, how to promote it, and which location should you choose to buy a good property that attract people. And here are tips for you to organize your property investment properly:

Promote your property

Promotion today is not really a big deal because there are so many platforms you can use even for free. Internet is the largest platform you can use to market your space because it can reach larger audience. For the starter, you can make a website to look professional. Also, even though you have the third party, you can add some details on your own website. Or, you can also make a social media account specifically for your property to make it easier for your prospects to reach you out.

Keep everything organized nicely

Even though property investment is like your second child, you still need to organize it well. Make sure to create simple process to keep your time and documents properly organized. Make separate folder for your property investment so you can track it well. Also, set aside a specific amount of time for you to check on your rentals daily. You can do it for about thirty to sixty minutes a day to respond inquiries, update social media, etc. 

Add your personal touches to your rentals

Having clean and organized rental is like a basic. And you can level it up by making it more unique than the average rentals by adding your personal touches for your guests. For example, send your guests handwritten cards or arrival gift. You can also put some books and games or leave some snacks and beverages for them to enjoy during their stay. 

Make sure to keep your rental free of clutters

Decluttering your rental space is important to keep your guests comfortable during their stay. You don’t have to put unnecessary knick-knacks in your rental especially if they don’t have any emotional connection whatsoever. Even if you want to put something as decoration, keep it minimal. Give space for your guests to store their personal belongings. If your property is purely for rental, do not leave your personal items since they won’t be useful for your guests anyway. 

Preparing Your Villa Ubud Bali for Christmas Holiday!

Preparing Your Villa Ubud Bali for Christmas Holiday!
Image source: Instagram/@bridgesbali

People will be ready to schedule vacations and trips for 2021 as soon as COVID19 travel restrictions are lifted. Families, friends, and couples are busy crafting holiday wish lists and looking at properties for their first trip after COVID19. It’s time to get organised in order to increase your chances of being hired. And as Bali’s governor announce Bali’s reopening in November, this is certainly a good news. What does it means for your villa business in Ubud Bali? 

With the reopening plan of Bali in November (news source here), fully-vaccinated guest might be planning to spend Christmas and New Year in this resort island. Tourism makes Christmas in Bali always feel magical—a perfect destination for travelers who want to escape chilly winter. So how to prepare your villa in Ubud for this December and get ready when booking peaks?

Create Special Christmas Bundles for Your Ubud Villa Bali

Create some holiday-themed packages or discounts that you may offer as limited-time deals. This is a fantastic way to re-engage prior visitors. If you have a lot of repeat visitors, this is a good time to ask them what they like to see in a holiday vacation rental. You are the greatest person to know your customers, therefore attempt to match your adjustments to what will make their stay memorable.

Warmly Welcome Your Guests with Christmas-Inspired Gift Basket

Warmly Welcome Your Guests with Christmas-Inspired Gift Basket
Image source: Pinterest/It’s A Pinteresting Life

This gift should remain small, but thoughtful. A great idea is a basket with some hot cocoa, tea, or even apple cider mix. You could also bake some Christmas cookies and leave them on a decorative plate. In case you have some coffee lovers, you could leave a couple Christmas mugs. All of these small things will totally make guests’ holiday at your private villa Ubud feel special.

Set Minimum Stay in Your Property

A minimum rental length will be an important aspect of your vacation rental. Even if you don’t manage a vacation rental home, the stress of the holidays can be overwhelming. Don’t rush to prepare your property for the second wave of visitors with short notice. Require a minimum length of stay.

A three-day minimum is a smart place to start because it eliminates the possibility of guests departing on Christmas Eve and new guests arriving on Christmas Day. This eliminates any potential hassles or stressors in your villa Ubud. This way, guests are more likely to book for longer lengths of time as a result. In between visitor cycles, it also allows you and any of your regular services to relax and enjoy the holidays.

More Villa & Business Insights: 

Converting Your Private Bali Villas for Long-Term Rental

Preparing Christmas Decoration for Your Ubud Villas

Preparing Christmas Decoration for Your Ubud Villas
Image source: Instagram/@stoncausa

Bring in the magical Christmas inside your Ubud vacation rental. You don’t have to go overboard with decorations; even a small quantity will create a joyful mood for your guests.

Christmas Tree

Every area could use some festive happiness, and it doesn’t have to be expensive. You can choose a little Christmas tree if you don’t want to set up a large one. Add a tree skirt and some fake presents, and you’ve got yourself an Ubud house suitable for Santa Claus.

Lighten Up Your Ubud Villa Bali

Another option is to decorate a portion of the house with white Christmas lights, which you can do if your rental has a front porch or stairs. Consider putting a colorful wreath on your front entrance to make a positive first impression. To make your guests feel warm and snug while they settle on the couch, place a few red and green Christmas ornaments in a medium-sized glass bowl on the coffee table.

More Villa & Business Insights:

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Get Festives

Consider simple pine garland over a doorframe and a wreath above the fireplace as Christmas and seasonal touches. You might also profit from not being too precise when it comes to decorating. Use fall and winter colors to decorate snowmen and pine cones. You may also add some candles to the mix to assist fill the room with festive scents. The key is to make it feel welcoming without being overbearing to your visitors.

Finding Your Niche To Be Successful In Personal Branding

You can build the career you want through a little determination, hard work, and a spark of creativity. However, they are not enough to find yourself a true success. You need to do more in order to gain more because the scale is different if you want to be successful with a business you build. Personal branding is one of the essentials to build a successful business in this digital age. And one of the most effective ways to be successful n personal branding is find your niche. 

Why you need to find your niche

If you find your niche, you can do beyond the average. You can move your industry forward and create your own success. More than propelling your career, you have to hone your focus, develop expertise, and settle on a niche to build successful brand. As the result, you will create a brand that can move and transform the industry as a whole by focusing on your area of expertise. 

When you find your niche, it helps you to stay focus on your path. It keeps your attention on his one area of expertise and continue the development of your brand. And here are other important elements you need to develop to find a niche that will help move and transform your industry:

Develop openness toward new technologies

It is important and beneficial for you to strive to be an early adopter. Keeping your finger on the latest technology will help a lot in your goal to transform your industry. However, knowing the latest technologies is not enough, you have to try them out when they take off. Also, you need to stay focus on your niche so you know which technology that is fit with your brand’s value and mission. You can also follow industry leaders within your niche so you can learn more from them. 

Be the solution for your target market’s problem

Find a niche that can act as a solution in a long-standing issues because believe it or not, every industry has its pitfalls. It is possible for you to have difficulty in finding your niche. And if you have not determined your niche yet, look for the problems within your area of interest. After finding the problem, find out the best solution to solve it. Keep in mind that when you consider your work is something to create solution then it will transform your industry. Also, it helps other people around you serve clients, customers, and followers better. 

Build a solid diverse team

Even if you adopt the latest technology early, it won’t make any impact if you don’t have the right people to operate it. Hence, you need a help of a team who can bring their expertise to areas you may not be expert at. So while you become the expert, you need the support of the best team to transform your industry. Choose people who can propel your  ideas, mission, and vision even further.

Komodo Snorkeling, Meet The Manta Ray

Komodo Island has always been associated with enchanting underwater beauty. Komodo National Park has many dive and snorkeling spots that attract local and foreign tourists. Manta Rays are hunted by divers and snorkelers to be able to swim and see them up close. Manta rays measure more than 3 meters with a unique shape. Komodo liveaboard snorkeling is the only way to be able to swim and see manta rays up close. Check your diving license because the waters of Komodo National Park have strong currents. Komodo snorkeling can be another alternative for tourists who do not have diving experience and licenses.

manta ray komodo snorkeling

Komodo snorkeling tips to meet the manta ray

Snorkeling is not as dangerous as diving, but snorkeling lovers still have to be careful. Some tips for snorkeling lovers:

Checking snorkeling equipment

As with diving activities, tourists must check snorkeling equipment such as masks and fins. If needed, you can use a life jacket to keep it floating on the water. Try to use a life jacket, mask, and fins that are suitable for body size so as not to interfere with movement on the water.

The direction of the water flow

Sometimes, tourists do not realize they are carried away because of the fun interacting with manta rays. Strong currents in the water should make you extra careful. Not paying attention to the direction of the current can make you tired. Make sure you swim with the current and don’t fight. You will save energy and play with manta rays.

Swim slowly and calmly

Getting close to manta rays can be very difficult. Why? Because the movement we cause will make them move away. The tip is to swim slowly towards the manta rays. Don’t make any sudden movements that could push them away.

Exploring Manta Point

As the name suggests, Manta point is a gathering place for manta rays. There are many manta rays that you can find here. The underwater beauty of Manta Point is still preserved and becomes a uniquely memorable experience. In addition to manta rays, tourists can see jellyfish that colonize which is the food of manta rays. Hunting for food is the time that tourists look forward to when doing Komodo snorkeling because manta rays will gather in large numbers. Don’t forget to prepare the best camera to take the moment when you meet manta ray. Komodo snorkel tours take you to see the spectacular underwater beauty of the Komodo National Park and discover amazing manta rays.

The Power Of Hands-On Learning In Entrepreneurship

The Power Of Hands-On Learning In Entrepreneurship

When you hear the word ‘learning’ one of the very first things that comes to your mind must be a classroom full of students paying attention to the teacher in front of them. However, the definition of learning is more than that. It is more than being caged in a system and follow what the other teaches you. There are many ways to learn with different strategic and methods. In entrepreneurship, the willingness to keep learning is necessary for you to reach success. However, hands-on learning can be considered as one of the among many learning methods that work best in entrepreneurship.

How powerful is hands-on learning in entrepreneurial world?

Entrepreneurs come from different backgrounds. Some of them may learned about business through formal education before. Meanwhile, there are also some others who learn through informal education. There are also those who just dive in and hands-on learning everything as they run their businesses. So how important and powerful is hands-on learning in entrepreneurship?

How powerful is hands-on learning in entrepreneurial world

Hands-on learning is not something new because it is often implemented in early childhood education as well. Many educators and teachers find it more effective in helping students to retain information. It is also considered more engaging because it provides critical thinking and practical problem solving opportunities through real experiences. Hands-on learning is putting a concept into real action. And you can implement it also in during your entrepreneurial experience.

As entrepreneurs, you are required to take many jobs, making you have multiple responsibilities at once. You have to communicate with customers and market your services. You also have to develop effective business model to generate revenues. You have to manage your employees to build powerful workforce, and the list keeps going on. There are sources you can use to gain more knowledge in many entrepreneurial aspects. However, your knowledge will become so much more real when you implement them in real scenario. Your knowledge and abilities will keep improving the more you have real experience through hands-on learning. 

It is also important for you to recognize the potential of trials and errors. Hands-on learning means you implement what you already knew into real-world, making you able to identify more accurately of how it works. Sometimes, it results in good outcomes but sometimes it doesn’t. do not see errors as failures. Instead, use them as opportunities for you to learn more what went wrong and how you can fix it for better result later. You still gain knowledge because you know what mistakes to avoid. 

It is also beneficial for you to consider having a mentor to help you with your hands-on learning.  They will help guide your journey and improve your learning outcomes without excessive intervention. A great mentor offers guidance for you without keeping you on a leash. They help you by pointing you in the right direction and offering correction as needed. They don’t dictate you but share their insights and expertise that will help enhance your actions. They are not meant to do the work for you. 

The Cost of Running Bali Holiday Villas You Need to Learn

The Cost of Running Bali Holiday Villas You Need to Learn

Owning some holiday villas and properties in Bali could indeed results in a very profitable business venture. Renting out your property in Bali might be a convenient method to supplement your income. However, owning a holiday villas in this island and renting it out is not as simple as it seems. Behind that lies the tax, running costs, and other crucial things a villa owner needs to know.

Purchasing Your Bali Holiday Villas and Dealing with Purchasing Tax

Once you purchase your Bali holiday villas in local property site like Kibarer, it would be simple to list your house for rent on sites like Airbnb, HomeAway, VRBO, or Indonesian local unicorns Traveloka and Tiket.com. However, if you do not prepare, you may discover that becoming a host is difficult and even costly. And that’s not only the cost of purchasing your villa—but also purchasing tax, income tax, maintenance costs, and other hidden fees you might not know before.

First, you have the purchasing tax to deal with when you buy the villa. A ten percent tax must be paid to the government when purchasing or selling property in Bali. Typically, this tax is split 50/50, leaving each buyer and seller with a 5% tax to pay. You must pay annual taxes if you own a property, whether it is leased or freehold. Taxes are due at the government office, and it is your obligation to ensure that they are paid. This tax is typically quite modest, and it is determined by the size and location of your land, as well as the size of any structures on it.

Income Tax for Villa Owners in Bali

Income Tax for Villa Owners in Bali

You must pay income tax on all bookings/transactions while renting out your home, regardless of whether you are an Indonesian citizen or do not have an Indonesian tax identification. Villas with a maximum of five bedrooms in approved tourism zones can apply for a Pondok Wisata license, which permits them to conduct a daily rental company based on tourism. Those who live in residential areas can apply for a Rumah Kos (Guest House) license, which permits them to rent out a maximum of 10 rooms. If the property is owned by a real business entity, licenses must be in the name of the legal landlord or a company director in both circumstances, and a local tax ID must be provided.

Also Read:

Converting Your Private Bali Villas for Long-Term Rental

Service Fees for Listing Your Villa in Travel Sites

While Indonesian local unicorns travel startup Traveloka and Tiket.com doesn’t charges fees for host, Airbnb charges hosts a 3% fee to cover the cost of payment processing. This is similar with VRBO by HomeAway that also charges hosts to list their properties on the site. People who want to use the site frequently can promote their home for $349 per year and avoid paying a fee on each booking. Those who rent their houses out on a less frequent basis can avoid the yearly charge by paying a 10% commission on each booking booked through the site.

Managing Villa Supplies

Managing Villa Supplies

As a villa owner, you are responsible to provide guests with fresh bedding, towels, and other amenities. Purchasing a second set of linens may be necessary depending on how frequently you will be entertaining guests. If you want to keep specific rooms and closets off limits while guests are staying in the house, you may need to invest in locks.

Also Read:

What Guests Really Wants in A Seminyak Private Villa Bali

Regular Cleaning Cost

Before and after you rent out your Bali holiday villas, you’ll undoubtedly need to spend some time cleaning it. You can clean it by yourself, which will be more cost-effective but require a lot of your time and energy. Alternatively, you can hire a cleaning service, but this will add up to the overall cost of running the villa.

Insuring Your Bali Holiday Villas

Short-term rentals are covered by certain house insurance plans. However, having numerous short-term visits by different guests in your villa, the insurance provider may require you to purchase a commercial coverage that covers a hotel or a bed and breakfast. The average insurance companies in Bali have villa package especially formulated for Bali holiday villas owners. This packages usually have comprehensive protection against all hazards, including structures, swimming pools, furnishings, electronics, machinery, and office supplies. To find out what is covered, contact your insurance carrier.

How To Be A Credible Female Leader In Business World

Female entrepreneurs are still minorities in business world. Hence, it is challenging for women to build and develop their business reputation. The process can take time because making people take you seriously is not easy. However, you cannot depend on others to build yourself confidence and credibility. You have to learn how to do it and assert yourself. Credibility is the key especially if you are the only woman at the board table. 

How strong you must be as female entrepreneurs

When you choose entrepreneur route, you need to build your grit, stamina, creativity, and adaptation skills. Failing and making mistake is something common in entrepreneurship and you should not be discouraged but it. In fact, it is something that can help you grow better, stronger and faster in managing your business. And here are few lessons you can learn about how to be a credible and assertive female leaders:

Keep learning and place yourself in the future

It is true that some fields require degrees including business. It will be beneficial if you have an advanced education but you can also get your education from anywhere including a community college. The most important thing is to not stop learning as you go into the business. It is a must to learn by doing because it teaches you many things you don’t get from schools. It doesn’t matter if you start your career by working under someone else. You can learn how to build your credibility and open more opportunities to meet your future business partner and customers. 

Do what you want to do

Even though it sounds so simple, not many women or people follow it. Many women are pressured to do or pursue something out of traditional obligation. However, you can break the chain by doing what you truly love instead. Follow your true passion because it offers catalyst to build your credibility and reputation. Also, you won’t likely to get bored easily if you do what you love because you are your own motivation to keep going. 

Build your business organically

It will benefit you if you make your own money before expecting venture capitalists to do it for you. Not to mention that venture capitalists tend to not put so much interest in female entrepreneurs’ products or services. They tend to be more interested in you if you have a drive force to be success. Hence, prepare to show your hardwork, vision, and success before jumping into venture capital. 

Always work hard and practice discipline

Before your business grows bigger, you should rely on yourself by taking care of many things at once. It is to be expected because working hard is a norm if you want to be a successful female leader. Also, practice discipline so you know how to be consistent in your work ethic while being unafraid of any challenges. This is how credibility being built and how the others will notice it; through your work ethic, passion, resilience, and discipline. 

Diving Komodo: Important Things You Need to Know

The favorite activity that you can do in the Komodo islands is diving. Diving Komodo for beginners is generally more focused on the beauty of the underwater to pay less attention to the conditions or characteristics of each dive site. In fact, every dive site may have sudden changes in currents. Diving Komodo dragons require special skills or at least have an advanced or master certificate. The purpose? To ensure divers can perform rescues when the current changes rapidly. 

komodo diving - samara liveaboard

Diving Komodo dragons and the characteristics of their waters

Several Komodo diving sites such as Manta Point, Yellow Wall, Batu Bolong, and Tatawa Besar have strong underwater currents. Divers don’t even know they can find twisting underwater currents. Do not forget that the location of the dive sites is flanked by the Pacific Ocean and the Indian Ocean.

Customize the dive site with the certificate you have

Sometimes novice divers force to dive at the Komodo diving site with strong currents. It is the guide’s duty to prohibit novice divers to prevent any dangerous things from happening.

The Komodo dragon diving site is indeed very popular with its spectacular underwater scenery. Generally, the guide will provide information that only advanced and master-certified divers can do the dives.

If you are a beginner diver, you can dive and enjoy underwater at Sebayur Kecil, Turtle City – Siaba Besar, Sabolong Kecil, China Shop – Cauldron, and Crystal Bay. Make sure you or your group are under the supervision of a dive guide and pay attention to directions for the safety and security of divers.

Safety aspects of the surrounding conditions

Komodo liveaboard is increasingly trending and the choice of divers to enjoy the underwater and scenery along the way. Luxury liveaboard Komodo offers comfort and luxury during your sailing holiday trip. You can use all the facilities during your Komodo diving trip.

Not all liveaboard operators provide the diving equipment you need. Ensure the comfort and safety of your Komodo diving by checking all your diving needs. Make sure the liveaboard you rent is in good condition for the safety of your cruise for days.

The average number of tourists stay on a boat or on the Komodo Islands is 5-6 days. The activities you will do are not only diving but also exploring other tourist destinations such as seeing large reptiles, Komodo dragons. You can do trekking, and enjoy the best sunrises and sunsets in the Kalong Island area.

Driving Revenue By Connecting With Customers Genuinely

Driving Revenue By Connecting With Customers Genuinely

When it comes to business, there are many goals to reach and one of them is to always be closing. However, this is often misunderstood by many customers thinking that sales professionals will do everything to speed up the process even by making a shortcut that doesn’t put customer’s best interest in mind. This is a common stigma many sales professionals still receive now. However, there must be something that started the stigma.

Sales professionals focus

It is often that sales representatives focus on showing products or service and educating customers about the benefits without considering the customer’s unique needs. This often happens during procurement process. Hence, it is a must to change the mindset in professionals who are responsible to promote and sell their products to customers. 

Sincerity is the key

Encourage your sales team to approach the sales process with care

Businesses can do unconventional methods or thinking to drive revenue. However, sincerity should always be the core of business actions and during the procurement process. Do not let your sales team view sales from traditional standpoint. Instead, engage your team to think in another standpoint, allowing them to be ready for any changes while being connected genuinely with customers. 

Encourage your sales team to approach the sales process with care

Your customers seek out for products and service with care and effort. They spend money they have earned to buy your products and service hence, reciprocate the sentiment by giving them back with care and effort to them. Only this way, you will gain trust and loyalty from your customers because they know you are being genuine with the procurement process by putting their best interest.

Encourage your sales team to position themselves as partner in the sales process

Encourage your sales team to view their potential customers as though they have already know your product and service from their own research. Hence, you view customers as educated professionals when presenting them with products and services. Always position the firm and branding to match with the genuine reasons why they are offered solution. 

Put different approach with each potential customers

Encourage your sales team to view customers as unique individuals. Each customer must have different needs so make sure your sales team help each customer to find the right product and service that solve their problems. This way, your sales team will understand better customers’ desires and become the right partner for them for the buying process. Help customers make the best decision to purchase something the fit their needs. 

Encourage your sales team to keep the buyer’s perspectives in mind

To obtain customers as client, connect with genuinely by thinking in their perspective. This way, your sales team will take actions based on what customers truly need. Encourage your sales team to focus on giving solutions with care, passion, and deep understanding of customers. By connecting and partnering with customers during buying process, you allow them to feel more in control with their decision. It provides better buying experience to them. 

Converting Your Private Bali Villas for Long-Term Rental

Converting Your Private Bali Villas for Long-Term Rental

Short term vacation rental is quite a popular business in Bali. In fact, most private villas in Bali are turned into vacation house to accommodate the travelers. However, short term rental properties are quite saturated in this island and more property owners are entering the market every year. This is why long-term villa rental is appealing. First, you have less competition as hotels and resorts are eliminated from competitors. Second, there are lots of foreign settlers in Bali that needs a temporary home for a year or two. These are more reasons why long-term rental is beneficial for private villas owner.

A Reliable Source of Income

Long term income guarantees a steady cashflow to your bank account at all season. You don’t have to devise a special marketing strategy during the low season and slow months, because your long-term renter will pay the rental cost every month. Long-term rental has the advantage of ensuring consistent earnings throughout the year. If you’ve had a reduction in bookings, this can help you maintain your earnings.

Less Property Management Responsibilities

You Don’t Have to Fully Furnished Your Private Villas Bali

Management responsibilities are reduced. When compared to short-term renting, tasks like guest communication, check-in and check-out, and web promotion are reduced when you only rent to one visitor at a time. In most cases, you will only need to speak with the visitor once they have checked in and settled into the property.

You Don’t Have to Fully Furnished Your Private Villas Bali  

Less Property Management Responsibilities

Furnishing the private villas Bali to the detail is essential for short term rentals. However, this is not necessarily the case with long-term rentals. Long term rental allows you the option of fully furnishing or partially furnishing the property. When seeking for a longer lease, many tenants bring their own furnishings. This can help you save money on additional rental furnishings.

Saving Money on Less Amenities to Provide

Short term and long term rental have different amenities that guests need in the house. In the short-term rental industry, competition can be fierce. This is because the guest-to-rental ratio frequently favors guests, who can choose from a variety of rentals. To make their rentals stand out, hosts frequently invest additional money on basic amenities. This is less prevalent in long-term private villas Bali rental because visitors have varying amenity needs. Guests wishing to rent for a longer period of time will be looking for basic amenities like a dishwasher rather than a hot tub or a bonfire.

More Villa and Business Insights:

What Guests Really Wants in A Seminyak Private Villa Bali

Foolproof Tips on Building Pet Friendly, Luxury Villas in Bali

Utility Bills of the Private Bali Villas isn’t Your Responsibility

Utilities are one of the most significant recurrent monthly expenses in a rental property, and they can vary significantly from month to month depending on a variety of factors. However, in most circumstances, it is the renters, not the landlords, who are responsible for paying the utility costs.