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The Dominican Republic has long been a popular tourist spot. You can maximize your property’s revenue stream with Dominican Republic Airbnb management services. Short-term rental management will know the best price point, so you’re always busy while getting the maximum amount. We market your property to the right guests and manage the booking process and maintenance. This keeps your property relevant and open for business in the busiest times.
The fact that the Dominican Republic is the Caribbean’s leading tourist destination means it’s an excellent investment for short-term rentals. With the help of Airbnb management Dominican Republic, you can rent out the property you own when you’re not using it. Plenty of people are successfully using a vacation rental management company and bringing in extra earnings per year. With over 5 million tourists annually, occupancy rates sit between 20-90% over the year, depending on where you’re located and the time of year. Average night rentals range from $80-$500 per night.
The busiest time in the Dominican Republic is between December and April. It’s dry here and becomes a mecca for those looking to escape the winter in many countries. The wet season is from June to November, but some tourists still come to enjoy the quieter time. There are also two shoulder seasons, which include spring and fall. The Dominican Republic offers excellent weather throughout the year, making it a great place to have a short-term rental. Your vacation rental management will adjust prices so you remain competitive.
Dominican Republic short-term rental management can help you with any tax requirements you need. As of 2022, the government has partnered with Airbnb, so if your guests book through the site, the taxes are paid for, and you, in turn, payout every few months to the government. As a non-resident, you’re taxed 27% for rental income as part of the short-term rental regulation laws. A 10% withholding tax is considered an advance payment, and you’ll be credited against your income tax liability for this.
Guestable has enabled Stephanie to rent out her home on Airbnb and other short term rental platforms without having to worry about day to day management.
Learn how we’ve helped homeowners like you get the most from their property!