Avoid Hidden Costs in Managing Your Airbnb 2022

Letting Your Property on Airbnb can be Expensive if You’re Not Careful

Whilst letting your home on sites like Airbnb can be a profitable investment, landlords and property owners often underestimate all the others costs involved.

As property letters ourselves, here are some of the expenses you might not see coming. Because short-letting your home is not as simple as sitting back and watching your income grow. But it can be.

Please enquire about our Airbnb management services and get the most out of renting out your home.

Two types of costs

As a property owner or landlord, you might already be aware of certain costs that come with the title. For us, we’ve broken it down to two types of expenses; the ones you see coming and the kind that just come out of nowhere.

why you need an airbnb agency

You have mandatory costs

These are things like a Gas Safety Certificate (around £100), which, if you wish to rent a room in your property, will be a legal requirement to have an annual gas safety inspection.

Certain cities have regulations on whether you might need a permit or a license to short-let your property. You can see Airbnb’s details on UK short-term letting here.

Other mandatory costs will involve:

  • EPC certificate (around £36)
  • Smoke and Carbon Monoxide Alarms
  • Potential legal fees

Then, you have the circumstantial costs

This can include things like property maintenance. For your home to earn up to its highest potential, you will need to cover maintenance costs like decorating, updating fixtures and making sure everything is in a good, usable condition.

And as property problems often happen spontaneously, you’ll likely face a call-out fee for emergencies too.

Next, for your Airbnb let to be successful, you will need to ensure a high standard of cleaning, which also comes at a cost. Not to mention the cost of replenishing essentials like toiletries.

Lastly, there may be key exchange costs.

Most Airbnb hosts do not live close to their rental property or are not always available to exchange keys – and leaving the key under the matt is not an option.

Some hosts, therefore, turn to lockboxes and allow guests a self-check-in process, which again opens up your home to risks.

The solution? Again, an Airbnb Management Service will vet your guests, check them in and out, so you can continue to do whatever you do best.

Not only will this keep your property safe and secure, but it saves you any additional costs.

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What most homeowners do not consider

Another cost factor, which some landlords or homeowners may not initially think of, are downtimes.

Unless you’re an expert in property listing optimisation, likely, your property will not always be fully booked, which may result in the property being vacant for extended periods.

Not only will you continue to cover the costs, but not be able to profit from your empty home or room either.

If you want your property to receive multiple bookings and be full 90% of the time, it is often best to opt for an Airbnb Management Company that can manage this for you.

Not only do their services cover a lot of the costs mentioned above, but they can help to ensure your home remains profitable.

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Do you see how quickly everything adds up?

The costs of short-letting your home can quickly add up if you go it alone. This takes money out of your profit and will rely on you being fully booked to earn a substantial income at all.

Short-letting on Airbnb is where we started, and discovering all these costs was new to us too. As working professionals, too, managing a property let felt like a second job.

That’s why we started Hello Guest, to make it easier for people exactly like us, who wanted to earn a second income without jumping through lots of hoops.

So let us help make it easy for you. Cut out all the extra costs and go with our Airbnb Management Services, which include listing optimisation, cleaning, property maintenance, toiletry replenishment and much, much more.

Pay just one fee (from 12%), sit back and relax. We’ll do the rest.

Contact us to learn more or get started.

How to Get Higher Paying Guests and Minimise Headaches

Want to Earn More with Airbnb Without the Hassle?

Just like a hotel, your Airbnb business relies on bookings to survive. And as you might have figured out already, being a host on Airbnb can be challenging.

You have to respond to guests, check them in and out, optimise your listing, professionally clean your home and maintain it as well as lots of admin in between.

Those who do this all well can turn Airbnb into a career. However, it can be challenging to get the ball rolling if you already have a job and a family.

So what can do you do? Do you want more bookings, extra money and no hassle? Here’s how.

complete property management

Make sure your home is up to scratch

Your space needs to be reset – less of a home, but more like a vacation rental; set up and ready for guests.

Your property will need to be cleaned to a professional standard between guests, which can be pretty time-consuming for you.

Before big seasons, expert, high-earning Airbnbers will evaluate what furniture needs repairing, what supplies and linens need to be purchased, and the cleanliness of the interiors and exteriors.

Some hosts choose to hire professional cleaners, but this adds a fee that will come out of your profit (not to mention others like property maintenance, licenses etc.).

Therefore, it’s likely better to choose an Airbnb management agency, who takes care of all the details for you. Especially with Airbnb’s newly launched Enhanced Clean feature that was introduced following Covid-19.

Here at Hello Guest, we work with local cleaners and maintenance men and replenish the essentials between guests. We include all this in one fee of 12%.

Saving you money, admin and a headache!

Be visible, be found, be chosen

You may think that you might have the best listing ever – and your home could be second to none, but if you’re not discoverable, how can anyone book?

With millions of listings worldwide, it’s sadly not as simple as plopping your listing on there and hoping someone will book.

Airbnb’s algorithm aims to show users listings they are most likely going to book – that is, after all, how they make their money. Further to this, Airbnb often favours hosts who take good care of their guests.

The secret to increasing your Airbnb occupancy? Get yourself on the first page. 

But how? Well, you can learn the secrets behind Airbnb listing optimisation and take the time to test it out for yourself – or you can cut to the chase and hire professionals to do it for you.

As an Airbnb management service, HelloGuest can not only manage your listing, optimise it and handle your bookings, but completely manage your Airbnb property for you.

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Communicate faster

If you’re aspiring to be a Superhost, it will be vital for you to respond to guests quickly.

For example, acknowledging someone’s bookings immediately will be crucial for the customer’s peace of mind.

One of the requirements for becoming a Superhost is responding to 90% of new inquiries or reservations 24 hours. And whilst automated templates and emails can be helpful, we cannot help but feel this misses the personal touch.

Not only this, but consistent communication is critical – and this applies even once a holiday goer has booked.

By constantly communicating with guests, you encourage the likelihood of more positive reviews.

The more reviews you get, the more potential guests learn about your space and feel more encouraged to stay.

Our management service here at Hello Guest is guest communication, and we take it very seriously.

We’ll be there to respond to your guests and any potential guests immediately – we’ll get your responses up faster and help increase the number of bookings your properties gains.

Together, we can be unstoppable. Contact us here.