Airbnb Property Management Guide – Step-By-Step Walkthrough 

Do you know how much money an Airbnb property earns each month? While the amount varies depending on the city and location, it is estimated that Australians earn around $3,000 each month. It is a substantial sum of money and most people use it to pay their mortgage, and electricity bills and take care of certain other expenses. 

Many hosts in Australia as well as around the world take Airbnb or the short-term rental business seriously which means the competition is already there and is only going to grow further. If you are running an Airbnb business, it is important for you to understand what you can do to make your property stand out and what you can do to maximise the revenue from your short-term rental property. 

In this step-by-step Airbnb property management guide, we will take you through everything to help you set up your business for success.

1). Take a Close Look at the Property

Before listing your property on a holiday rental platform, you need to make sure your property is compliant with any local codes. This is a critical step to take as there is no point in spending any time or money on doing anything else if your property isn’t compliant with local regulations.

From here, if your property is compliant you should seriously consider styling your property. The first step in the process is to start cleaning up everything so you have a blank canvas to not only work with but to also help get your creative juices flowing. Make sure every single part of the property is cleaned up with all junk and unnecessary clutter removed, so you can then start transforming your property to make it more attractive for potential holiday tenants.

Once that is done, you can then enlist the use of a high-pressure washer to clean your patios, driveways, sidings and shingles. From there, think about painting the property, internally as well as externally, if required. You don’t really need to go all out but make sure it looks presentable. Nobody wants to rent a place where the walls are cracking or peeling.

The next step is to check the floor. If the floor looks worn out, you might want to invest in a completely new floor. If you have recently laid down a new floor, get it cleaned professionally to make it shine and consider throwing down a few area rugs for added protection or to hide any imperfections.

From there, engage the services of professional plumbers and electricians to fix the respective fixtures. Make sure the guests won’t have any problems with water or plumbing or electrical outlets.

Finally, think about the garden and outdoor area. Nobody likes a place that is overgrown with vegetation or long grass. Similarly, people avoid renting a property that looks bland. In short, you need to invest in a little bit of landscaping and make sure it looks clean and tidy.

2). Redecorate

Once you have cleaned the property, the next thing you need to pay attention to is the furniture inside. You don’t need to go out of your way to invest in extremely expensive furniture but it needs to look pleasing and should go with the existing decor. There are plenty of tutorials available online that will give you some great ideas for restoring your property on a budget.

3). Engaging a Property Manager

One of the things that set successful holiday rental property owners apart from others in this business is that they play smart. Short-term rentals require a lot of time investment. You need to manage your property and communicate with guests. 

Also, you need to keep an eye on your competition and make sure your property stands out. You also need to take care of the day-to-day restocking of essentials. On top of that, you need to make sure that your property is always cleaned up once the guests leave.

Doing everything on your own will consume all your free time if you are already working. You can save a lot of time by engaging the services of an experienced property management company. This is definitely a smart thing to do. 

These professionals have plenty of experience in managing short-term holiday rentals. They will take care of everything including the day-to-day tasks, marketing, guest management and all other aspects of this business. You will have to pay for their services but eventually, you will come out on top as they are professionals and the right property manager can help you increase revenue substantially.

Final Thoughts

Overall, managing an Airbnb property is time-consuming and requires skills. You will have to spend a lot of time managing your property. And this is why smart business owners prefer engaging the services of an experienced Airbnb property manager as it allows them to focus on growing their business so they can spend time doing the things they love.

BnB Booking is one of the premier holiday rental management services with several years of experience in the industry. We have helped numerous holiday rental property owners take their businesses to the next level. Let us help you too!

Please call us at BNB Booking today on 1300 421 029 or leave an enquiry and we will get back to you as soon as possible.