What is a Airbnb management company? In recent years, the idea of space-sharing and vacation rentals through sites like Airbnb has boomed, especially in the big global cities of the world. In such a fast growing market, many property owners are assessing the effort required against the potential returns of taking advantage of this wave.
While it can seem like a lot of effort and even bit of risk, many owners are reporting substantial profits off the back of short-term rentals compared with long term. There is, however, a trick to mastering the short-term market without having to lift a finger – use an Airbnb Management company.
Higher rate per a night
In certain cities, for example, London and Paris, the difference between what you can earn in the long-term let and the short-term market can be astronomical. But if you don’t have the time or energy to become a host, then those are untapped earnings you will never receive. In contrast, most Airbnb Management companies charge a lower fee compared to traditional estate agents. That means your costs go down while your profits go up – it’s a win-win scenario.
Making operations easier by outsourcing
We commonly hear – “I’m on holiday, I can’t manage my property” – but this shouldn’t be your excuse. If you are someone who travels a lot for business (or pleasure) you may be able to earn a pretty penny on the side. The initial stumbling block is that when your house is vacant, you aren’t there to manage any bookings either. But an Airbnb management company can help you with this. Many part-time contracts allow you to come and go to your property as you please, but rent it out while you are away to maximise income.
Have more time for yourself by using a Airbnb management company
For most, the main turn-off is the time commitment associated with becoming a host. The constant checking and replying to guests can turn into a second job – with some owners spending up to 40 hours per month on it. For those that value their family time, it becomes a sacrifice most aren’t willing to make. Management companies exist to take over every stage of your listing and bookings themselves – requiring very little input from the owner. That means you can put your feet up and watch the reservations come in without losing any precious family moments or having to work any harder than you already are.
Flexibility is key
Some owners struggle to make the transition to hosting on sites like Airbnb, because while they might not use the property all the time, they are unable to rent it out full-time because they still use it occasionally. Short-term renting allows you to let your property flexibly. Service the accommodation and make extra money while you’re not using it, but still continue to come and go as and when you need. A part-time Airbnb management contract would easily facilitate this.
Fund your adventures from additional income
Everybody loves a vacation, but affording a dream trip can be difficult when there are bills to pay at home. Property management companies work with owners going traveling for a year, to people saving up for their sabbatical. So no matter what your plan is, you’re bound to find an agency that can help. Not only will you earn while you are away, but also given that the money will arrive directly to your bank account – you’ll have funds to spend during your trip.
Maximising profits with expert revenue management
Using a professional company means you receive full breadth of their services, including price optimisation depending on seasonality. These expert revenue teams will benchmark your property against others, and adjust prices to make sure you are maximising your profits. In most cases, prices fluctuate depending on seasonality and demand. A good Airbnb management company will regularly change your price to reflect market demands and trends. They will have a wealth of data to rely on to ensure your property is priced correctly against competitors and the rest of the market.
Thanks for reading the article! We hope you have greater understanding of the topic discussed above.
If you would like to find out more about our Premium Airbnb Management London Services please visit our homepage and fill out our free property revenue calculator to see how much you could earn on the short-let market today.
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Here are some other Blog Articles for you to check out…
How To Promote Your Airbnb To Groups18/01/2018
How To Attract Millennials To Your Airbnb Property15/01/2018
Vacation Rental Guests: What Are The Different Types?11/01/2018
Security Deposits vs. Damage Protection: What Do You Need For Your Vacation Rental?08/01/2018
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