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54% of property rental owners expect robust industry growth in the next two years. According to Rent By Owner data — they’re not wrong.
In ancient times, renting out one’s home was not as typical as today. People typically lived in their abodes, many of which were inherited through generations. The concept of renting out a property for income was not yet a light bulb idea, and family stories were created and shared within the walls of the family home.
Back then, there were also instances where some cultures would rent out rooms in their homes or even their entire home to wanderers or people in need of temporary housing. One ancient culture known for renting out their homes to travelers is the ancient Egyptians — considered the earliest landlords in history.
According to historical records, they would rent their homes, particularly those in popular tourist destinations like Thebes, to nomads and traders passing through the area. These rentals were usually short-term, and the owners would set the price. The practice became more common, and soon more people rented out their homes to make extra income, but they often did everything simply by word of mouth or trust.
Of course, there were no formal platforms or systems in place to facilitate such transactions back then. Fast forward to this 2023 travel year and more have found themselves being able to book accommodations by simply using their smartphones.
Data Science Fueling International Travel 2023!
The home rental industry inevitably grew as time passed since the time of ancient Egyptians as people’s need to earn more heightened. From another perspective, 81% of travelers prefer to book sustainable accommodations like those with eco-friendly features and best practices rather than traditional stays in hotels to save money.
But the need to sort all available rentals in various locations for people’s 2023 travels, along with all the complementing amenities and details they would need to check out before signing the dotted line, has become more challenging over time.
Not until Rent By Owner integrated data science into the entire process a decade ago.
Our platform makes it easier for property owners to reach a global audience of potential renters. With over 500 million data points that aggregate a curated selection for every search intent, we know what travelers are looking for when it comes to both local and overseas travel adventures.
Rent By Owner is designed and dedicated to helping owners find the right renters for their properties in this rapidly growing 2023 travel year.
Listing on our site makes it easy for owners to showcase their property, set their rates, and manage their rentals.
So, whether you’re looking to rent out your home for a few weeks a year or for the majority of a season, Rent By Owner can help you find the perfect renters you can trust with your property.
In 2023, International Travel Comes Back Into Full Swing
Since 2013, we have connected property owners with millions of potential renters from all over the world, making it easy for owners to increase their earning potential. But as the pandemic shuttered most trips for the more significant part of the last three years, we were left with no choice but to take an unwanted respite.
By 2020, the rental market began showing significant vital signs, so we checked out the figures. According to the United Nations World Travel Organization (UNWTO), the vacation rental market is a rapidly growing industry, with a six-year average worth of $169 billion in the US just before the pandemic.
This 2023 travel year, as the industry swings back to its previous state and figures, even more tourists are trying to find the best rental places to stay for their vacations. The sudden boost is partly due to the increasing popularity of alternative accommodations, such as vacation rentals, sustainable homes, and needs-centric properties. In fact, a survey conducted by the UNWTO found that 81% of travelers prefer vacation rentals with sustainable features and practices over traditional and more luxurious accommodations, such as hotels and private villas.
This was our cue to apply data science and tech to create a better travel community for everyone.
Extending Property Owners a Helping Hand for a Busier 2023 International Travel Year
As a property owner, jumping into the rental business can be a great way to earn extra income and make the most of your property. But finding the right renters can be a tricky task. Fortunately, Rent By Owner was designed to match guests with the right rentals and property owners for smoother transactions and bookings.
One of the key benefits of using Rent By Owner is how it gives listed property owners the ability to have a broader audience reach and more traveler recommendations on where to travel in 2023. Our platform allows you to list your property in multiple languages, so renters from all over the world can find your listing for their international travel in 2023 and maybe, consider paying your area a visit.
Rent By Owner was designed to match guests with the right rentals and property owners for smoother transactions and bookings.
Additionally, we have a team dedicated to ensuring your property is visible to renters through our various marketing channels and search engines. This practice makes it more likely for a wide range of worldwide travelers to review your property and increase your chances of finding the perfect tenants.
However, we also understand that property owners want to ensure their property is well taken care of when it’s being rented out. That’s why we take the time to verify the identities of our renters and track their rental history, and update them with our 2023 travel records, to ensure that your property is in good hands.
Providing you with useful tools and resources to manage your rental effectively is another plus, including easy-to-use property management features on our site to keep track of your bookings, set your rates, and oversee your rental transactions easily.
Another advantage of Rent By Owner is your level of control over your rental. As a property owner, you can set your rates more competitively, approve or decline rental requests, and even have a say in your guests’ length of stay. Such conveniences give you the power to customize your rental experience to your preferences and goals.
Help Travelers Create New Memories for Their International Travels This 2023
Millions of global guests continue to trust Rent By Owner as their go-to platform for finding vacation rentals for their 2023 international travels. With that, many property owners have tried and tested our platform, and have been satisfied with upticks in their rental income and the quality of renters they find with our help.
As the travel industry continues to evolve, property owners must stay ahead of the game and adapt to changing trends, especially for this 2023 travel year. Rent By Owner remains dedicated to helping you do just that. With our cutting-edge technology and unparalleled 24/7 customer service, we’re here to help you make the most of your property and tap into the lucrative vacation rental market. You can also find resources on our site for the latest travel trends and news to keep you abreast of the industry.
On your part, you have this excellent opportunity to offer your renters more than just a place to stay. You can also give them new experiences they will remember forever in their domestic or overseas travel adventures.
One way to do this is by highlighting the unique features of your property.
Does it have a beautiful view? A private pool? An outdoor cooking area?
Make sure to showcase these features in your listing on Rent By Owner. Doing so will not only attract renters but will also allow them to plan a more enjoyable stay in your home.
Create Unforgettable Memories for Guests and Elevate Travel With Rent By Owner
As an expert local guide, you can also provide guests with recommendations for unique activities or the most popular restaurants within your locale. You can easily showcase more attractive details by creating a gallery highlighting your property, its amenities, and inclusions, along with your favorite places in the area, then sharing them via our website. Your renters will surely appreciate the extra effort you extend to make their 2023 international travels memorable.
Offering exceptional services such as arranging for a personal chef or providing a private tour guide are also noteworthy options if you can extend such deluxe services for your guests. These complementary services can be great ways to make your property stand out and attract more discerning travelers to your rental home.
When you share your home with travelers via Rent By Owner, you’re not just providing them with a place to stay. You’re allowing them to create new memories that will last a lifetime. And as a property owner, you too can be a part of those memories.
Take advantage of this opportunity to earn extra income and make the most of your property. List your rental property at Rent By Owner today and start making more profit in this thriving 2023 travel year!
TLDR
Rent By Owner returns to help locals showcase their unique property rentals for global travelers in 2023. With the rental market bouncing back strong, Rent By Owner’s platform connects more people in the home rental business with millions of potential renters from around the world — offering sustainability, cost-efficiency, convenience, and better journeys in this growing 2023 international travel year.
Featured Image Credit: Photo by Raimond Klavins on Unsplash
