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Are you looking for the right Airbnb management company to look after your short-term rental property? While there are many holiday rental property management companies operating in this area, finding the perfect fit can be quite a challenge. Working with the right company will go a long way towards helping you take your property and profits to the next level.
Fortunately, with a few useful tips, you can be able to sort through the existing selection and find a company that you will enjoy working with. Without further delay, here is a detailed guide on how to find the best Airbnb Management Company.
In general, an Airbnb management services provider helps property owners handle the day to day running of their rental properties. The main point of renting out your property for short-term stays is to help you earn money while you are away. A management company can make your life easier by handling the following day-to-day activities on your behalf such as the following:
While most companies offer the above services, the specific number of services on offer may vary slightly from one company to the next.
Hiring an Airbnb property management expert gives you access to their industry-specific knowledge, experience and skills – things that you as a property owner or investor might not have. With these experts helping benchmark your property against other similar options and adjusting prices to match any changes in demand, they can successfully help you maximise your profits.
Get 5-Star Reviews
The best property managers have in-depth knowledge of how to create the best guest experience. They will do their best to earn top reviews; by optimising every part of the entire experience from the presentation of the property to the booking and check-out processes.
Simply put, these professionals have what it takes to help boost your profits by earning your property a great reputation.
Save Your Time And Avoid Stress
Perhaps the most important reason to hire an Airbnb management expert is to ease your mind and lighten your load. Properly managing an Airbnb takes up a lot of time and effort. In fact, you can end up spending anywhere between 30 and 40 hours each month managing the property. Hiring a property manager to handle the entire process on your behalf, will save you a lot of time and stress.
As previously mentioned, the right company can handle all the work, from listing the property and marketing it, to receiving and attending to guests, in addition to the general cleaning and maintenance work.
Do Your Own Research
While it is okay for you to ask your friends and even family members, who own short term rental properties, to recommend Airbnb management companies, it is important that you do your own research. To find out more about how these companies operate, it is recommended that you look up each suggestion online, checking their websites, social media and review platforms among others.
Check Out Some Reviews
Be sure to check the reviews of any company under consideration, to get a clearer idea of their reputation. It is worth noting that there are two types of reviews you should be looking at. For starters, you should check out reviews from other homeowners who have entrusted their properties to the company. These can be found on the company’s social media pages.
Furthermore, you should look at the reviews left for property owners by guests. These might be found on the account of the management company on the Airbnb website.
Reach Out to The Companies
It is important to have a conversation with the person that you are thinking of handing the management of your property over to. This gives you the opportunity to find out more about the company – especially details that are not available online – during the initial consultation.
Ask about their business model – including whether their hosts are employed on a commission basis or not, and if they are locals. You can also take this opportunity to ask about their portfolio – including the number of properties under their care.
Go Through Their Contract
Once you have a good idea of how the companies under consideration operate, it’s time to review each company’s contract. Some of the areas you need to pay attention to include the breakdown of management fees as well as the termination clause.
Running an Airbnb can be both stressful and time-consuming. When guests make a booking they expect to get personal yet professional service, hotel quality amenities and round the clock support. All this can be overwhelming for property owners who also have a regular day job; this may be the main reason why many are choosing to go with an Airbnb management company.
If you own a short term rental property and would like to maximize your profits without having to invest all your free time and effort in running it, consider hiring an Airbnb management company. Talk to us today to find out more about how we can help you make a success out of your vacation rental endeavour!
If you are looking to start a vacation rental business, at bnbbooking, we’ve got you covered. With the right team, you can run a successful vacation rental business so that you can sit back, relax and reap all the benefits.
Please call us at bnbbooking today on 1300 421 029 or leave an enquiry and we will get back to you as soon as possible.