Managing a shared accommodation business in the GCC (UAE, Oman, Qatar, Bahrain, KSA) can be highly profitable, but it comes with its own set of challenges. As a sublessor, you’re not just a landlord—you have to track multiple tenants, handle rent collection, manage expenses, and ensure smooth operations. Here are five key challenges sublessors face and how you can solve them effectively.
1. Tracking Rent Collection & Outstanding Payments
With multiple tenants sharing a property, it’s easy to lose track of who has paid and who hasn’t. Chasing down tenants for rent every month can be frustrating and time-consuming.
How to Overcome It:
- Use automated rent reminders so tenants never forget due dates.
- Track partial payments and overdue amounts in one place.
- Generate digital invoices to maintain proper records.
2. Managing High Tenant Turnover & Keeping Occupancy High
Unlike traditional rentals, shared accommodations see frequent tenant movement. If a room stays vacant for too long, it directly affects your income.
How to Overcome It:
- Keep a digital record of all tenants and lease end dates.
- Plan ahead and list vacancies before a tenant moves out.
- Offer flexible rent structures (weekly/monthly) to attract more tenants.
3. Handling Utility Bills & Shared Expenses
Managing electricity, water, WiFi, and maintenance costs for multiple tenants can become complicated. Without a clear system, you might end up covering unpaid bills yourself.
How to Overcome It:
- Split and assign utility costs to each tenant based on usage.
- Track monthly expenses vs. income to ensure profitability.
- Generate expense reports to see where your money is going.
4. Managing Maintenance Requests Efficiently
From AC breakdowns to plumbing leaks, maintenance issues are inevitable. Tenants expect quick fixes, and delays can lead to complaints or negative reviews.
How to Overcome It:
- Let tenants submit maintenance requests digitally.
- Track pending vs. completed repairs in one dashboard.
- Maintain a list of service providers for quick action.
5. Keeping Business Finances Organized
Running a shared accommodation business is more than just collecting rent—it’s about managing cash flow. Many sublessors struggle to track income, expenses, and profitability.
How to Overcome It:
- Maintain detailed financial records to track earnings and costs.
- Automate profit & loss calculations to see real-time performance.
- Use a property management system to stay organized.
How Bedspace Manager Helps You Stay on Top of Your Business
Managing shared accommodations doesn’t have to be stressful. With Bedspace Manager, you can:
- Track rent collection & overdue payments
- Manage tenant records & lease renewals
- Split utility bills & manage expenses
- Handle maintenance requests digitally
- Get financial insights & reports
Want to streamline your shared accommodation business? Try Bedspace Manager today and take control of your rental income!