Turning Your Airbnb into An Actual Profitable Short-Let Business
One of the pitfalls of being an Airbnb host is taking care of and being responsible for every aspect of your holiday rental, often alone.
If you’re not speaking to guests, you’re cleaning and preparing for their stay or trying to catch up on admin – God forbid anyone cancels! And this leaves little room for you to maximise your business, grow your bookings and scale your income – we know this better than anyone because we used to be Airbnb hosts too.
Now, we’re property managers who help Airbnb business owners reclaim their profits and get back to the life they should be living, with more money in their back pocket to enjoy. Read on to see how we did it and how we can help you do it too.
Understanding your Airbnb Expenses
Like any business, setting up an Airbnb will require an initial investment. Whether you’re an experienced host or a newbie without any knowledge of the financial side of the game, we’ll help explain the operating costs you’re likely to incur, not just to get going but every year as an Airbnb host.
Homeowners, property owners and landlords should all bear in mind that there are several costs associated with starting an Airbnb business, and it’s always wise to consider these expenses beforehand to be financially prepared. Learn more.
Making Your Airbnb Business Profitable
Let’s face it; you wouldn’t be exploring a short-let business if you weren’t serious about making money. And seeing as many of our clients have converted from the long-let market to the short-let one, there’s no denying how profitable holiday letting is.
During our free earning assessments, we’ll also explore the different profitable business models and opportunities within the Airbnb market for you so that you can maximise your return on investment.
Smart Pricing Strategies
To help encourage your business to be profitable, we’ll introduce smart pricing strategies that ensure your revenue far exceeds your expenses, including the cost of using a property management company like ourselves.
We deliver various pricing strategies that work with your property through peak and quiet periods. Strategies include:
- Maximum Fill Rates Strategy
- Maximum Rate Per Night Strategy
- Long-Term Rentals Strategy
- Balanced Airbnb Strategy
Investing in Airbnb
Airbnb investments are always an excellent strategy for serious real estate investors looking to scale at large and earn maximum profits from multiple property rentals at once.
To be considered an Airbnb investor, you will need to purchase properties in popular destinations and get them ready to short-let. You can choose to list the entire property or an individual room. We can help you follow all the processes to ensure the properties perform well on their associated booking platforms.
The Benefits of Investing in Airbnb
- Statistics show us that the income you’ll earn from a well-run Airbnb can far exceed the income of running a long-term rental model. See types of income.
- Airbnb investment allows for an inherent degree of flexibility not seen with other letting options in terms of pricing models and strategies, as well as the type of space you can offer.
- With short-lets, there’s no long-term commitment or tie-in; you can take your properties off sites like Airbnb and use them for other purposes when and as you wish.
One major limitation for certain investors is that short-lets require active presence as there’s a recurring need for constant communication. Landlords and property owners looking for passive income will most certainly need assistance from a property management company like HelloGuest, which specialises in short lets and provides one of the lowest service rates among competitors. With us, you get to keep more of your money.
What we offer
Unlike other Airbnb management companies, we aim to simplify hosting by being upfront and transparent about our costs.
HelloGuest is a complete management fee-based service to use whenever you require; our commission is earned from the net booking value excluding the cleaning charges. Fees begin from 12%.
What’s included in the 12% fee:
When we say we take care of everything, we mean it.
Learn more about pricing here.
Locations We Operate In
We operate everywhere – our services cover all of London and the most frequently visited, popular tourist destinations across England, Scotland and Wales. Our portfolio covers many properties, from individual private homes and holiday properties to multi-unit/apartment blocks.
Toby France
Leading Airbnb Manager & Co-Founder
Professionalism and consistently delivering a quality service are his key focus and to ensure the team and operations deliver on this.
Veronica Tribolati
Support Manager & Co-Founder
Being a natural extrovert and a go-getter, Veronica is a great communicator and is the face of HelloGuest.
UK Wide Coverage
We cover the whole of the UK!
Our service provides full UK coverage for short-term letting. Our Airbnb manager services extend to medium and long-term lettings to provide a full range of rental options to help homeowners and landlords maximise their earnings and minimise any problems. Visit this page.
We manage many rental properties in popular areas and tourist destinations. This includes accommodation in all the UK’s major cities and holiday destinations.
Contact us to find out more.
