
After a long period of doubt and worry during the COVID-19 period, we have entered into an era of high inflation.
Especially the Israeli Shekel has been strengthening significantly against mainstream currencies such as the Dollar or the Euro.
It becomes now increasingly expensive for tourists to spend their holidays in Israel, yet we still see a healthy inflow of arrivals. There were more than 300,000 entries into Israel in the first quarter of 2022.
If you own a property, you can start earning regular income from your property in Israel with short-term rentals, while still enjoying your home when you come on holidays.
As the price of property sales and long-term rentals has gone up significantly, so has also the price of short-term rentals increased. There is a high demand from both tourists and business travelers.
This demand is heavily concentrated on a few major cities; Jerusalem, Tel Aviv/Ramat Aviv, Herzlyia Pituach, Raanana.
This income gives you the major benefit of being protected against the fall of Euro and Dollar against the Shekel. You earn an income in Shekels, so you no longer need to convert money and lose out on the exchange rate.
How do I rent my property?
First, you need to find a licensed real-estate agent who will manage your property. This agent is in charge of finding and screening the customers, preparing the property, doing the check-in/check-out, including inspection and organizing the cleaning after the stay, to be ready for the next customer. He is also available during their stay for any request related to the property.
You will also need to have a person in charge of the maintenance of the property. There’s always something to repair, be it small, but it needs to be perfect for customers to be happy, come back and recommend your place.
This service is not standard with real-estate agents, but at ID Real Estate Israel, we provide a complete package for the management of your property, which also includes the maintenance. So you don’t need to do anything else than checking that your rental income arrived on your bank account. Check our Property Management page for more information.
It is also very pleasant to find your property in good working condition when you arrive on holidays. No longer time wasted fixing the internet or repairing the leaks, you enjoy your holidays from the first minute! Check our service here for more details.
It is important to consider a few upgrades in your property. These will amount to a small budget, but will open your property to business travelers and allow you to earn an income also outside of the peak seasons.
With almost a decade of experience in the market, and many
property owners and customers recommending us for the quality of our service, we are here to help you make the most of your house, while still enjoying it when you need. Contact us for more details.
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