TIME TO RANT!!! (UH OH)
Those of us who provide SHORT term (ie; a week, 2 weeks, a month) rental housing to vacationers/travelers occasionally get flack from those who think we're overcharging. They accuse us of gouging. The problem is, they think we should charge no more than a long term rental!!! Think again. Read the following and tell me you still think this. When I set up my short-term rentals (I have 5 now), I have a purchase list of over 200 items to outfit the apartment which has averaged about $6,000 per unit. Then, there's on-going costs. It would take me 1 year to recoup my costs at $500 a month rent!
I've had people complain about paying $30 - $50 a night. One person replied stating he was hoping for an "Ecuador price". It is!! I realize some people think they can get things here for pennies, but a basic hotel room with bath will cost $30 a night (for 1 person). Long-term rentals are a completely different animal price-model-wise. Short term rentals (ie; 2 weeks, a month) are almost the same price model as a hotel. That's because of things such as:
- …and the risk of our business being damaged by a negative review(s)….many of which are unfounded or unrealistic expectations are that of a Ritz Carlton.
After all this, if you still think we're overcharging, then pick a city (any city) in the world on websites like AirBnb, FlipKey, TripAdvisor, and/or VRBO and take a gander at their short term rates (for whole apt...not shared rooms in a house). In some cities where hotels are in the $200 - $300 range per night (let's say...Seattle), short term rentals are easily over $100. I recently paid $100 a night for a Motel 6 in the outskirts of Miami!! MOTEL 6!!!! Now, do a search for Cuenca (Ecuador... not Spain) and you'll easily see all of the competing properties here. We're pretty much all in line with each other as it relates to cost versus what is offered.
The following photos have absolutely NOTHING to do with the subject matter of this post. I just need to get rid of them...they're piling up in my pending file!!!
|A church I've never been able to get into. But, this day it was opened, so I pulled over, grabbed my camera, and entered.|
|Chip (left) and Marcelo (right)|
|My wittle girl....Gracie.|
|Candied apples (duh) and chocolate dipped strawberries on a stick.|
|I live at the foot of them thar hills.|
|A typical treatment of the skylights above a colonial courtyard.|
TWICE in one blog??
Just gotta show off your (1 of 3) squeekers??
Ok...you have 3 seconds. 1-2-3
Now, GET OUTA MY BLOG!!!
Need a place to stay while you visit Cuenca but want more space and be able to cook (not eat out for every meal)? Moving here but need temporary digs while you find your 'permanent' home, but prefer not to be stuck in a hotel?
Check out my two NEW short-term rentals below (at a cost equal to or less than a Motel 6!!!):
My two short-term rentals I've had for narly 2 years!