Cozy Apartment in Santa Engracia

Beautiful 60 m² apartment optimized to increase capacity, services, and profitability through strategic improvements, tourist license, and comprehensive management.
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DATA

Economic Results of This Project

Without beBalmy

Monthly Profit

1.125€

With beBalmy

Monthly Profit

2.400€

DESCRIPTION

All About This Project

In July 2020 we began managing this beautiful 60m² apartment, located on Santa Engracia street, next to the Ponzano area, which is so trendy in Madrid right now.

Purchased as a passive investment, the apartment was initially already operating as a short-term rental and the owner handled all the management herself (key handover and collection, cleaning, linens...). What she thought would be an investment without much work turned into a headache, which is why she contacted us, initially, to free herself from the workload.

We, in addition to that, proposed a series of decorative changes to improve the image and enhance its web positioning, as well as implementing a better occupancy and pricing strategy. As you can see, in addition to freeing Covadonga from the workload, we improved her occupancy at a higher price, so not only did she not spend extra money, which was what she had planned... She actually earned even more!

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Images of This Project

beBalmy - gestión de apartamentos turísticos
beBalmy - gestión de apartamentos turísticos
beBalmy - gestión de apartamentos turísticos
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