Over the last couple of years, the space-sharing or vacation rental market has boomed – especially through sites like Airbnb in cities like London.
However, due to this fast-growing market, property owners especially are looking at the time and effort required to maintain and increase their potential returns.
In order to take advantage of this wave, many owners have turned to Airbnb management agencies like us to keep up with the demand without having to lift a finger.
What Is an Airbnb Agency?
What you need to know about Airbnb co-hosting:
In short, an Airbnb management service is a company that will manage your lets on your behalf.
The main services we offer include:
- Guest communication: Meet, greet and check out guests
- Property management: Cleaning, replenishing, repairing
- Optimising listings: To increase your returns and revenue
Reasons why you need an agency to expand
Homeowners, looking to earn a substantial amount from short-lets will need to treat their property as a business – and that’s where an agency comes in.
An agency will run your home somewhat like a boutique hotel, making sure it’s clean and has all the fresh amenities a guest would expect.
Money, money, money
In cities like London, for example, the difference between earnings in the long term compared to the short term are astronomical. But property owners do not always have the time to be a full-time host, which means their earnings are capped.
Management companies in reality only charge a small fee in comparison to other traditional estate agents, for example, here at Hello Guest we only charge 12% – and this will include everything you need for successful holiday let management.
Therefore, your costs go down and profits go up.
Outsourcing is so much easier
One common complaint we often hear is “I’m away and cannot manage my property” and whilst that’s a big concern, property management companies dissolve this issue.
If you travel a lot, either for work or pleasure, why not continue to earn an income on the side.
Whilst being away from home means you cannot manage any of your bookings, an Airbnb management agency can certainly help with this.
Our contracts allow you to come and go to your home or property as you please, but having an agency around makes it all that much easier when trying to maximise your income when your home is vacant.
Plus, it might even give you the opportunity to get away and enjoy a life you might have always dreamed of.
Get your hours back
For many, the biggest turn-off of becoming an Airbnb host is the time you have to commit.
Constantly checking in on guests, replying to them, booking and scheduling can easily turn into a second job.
Some homeowners can even spend an extra 40 hours a month renting out their homes. This can be demanding and a big sacrifice for those who value their family time.
Airbnb management companies again make this easier – they exist to take over every stage of your booking process and manage it all for you, which will require very little input from you.
This means you can put your feet up, watch the reservations roll in and receive a very nice lump sum payment at the end of every month.
Sometimes, it’s not about working harder, but smarter.
It keeps your property safe and secure
Property security is a big concern. If you are going away, leaving your home unattended is worrying and some insurance companies have rules around this.
With consistent visitors to your property, it will eliminate the threat of an empty residence, which is easy to target.
On top of this, Airbnb management companies also keep your home secure from any guest damage.
By vetting guests beforehand, taking deposits and not allowing short stays or parties, you can trust that your home remains protected and that someone is there always looking out for it.
You get professional marketing help
Like we said above, seeing success from holiday rentals requires treating your home like a business.
So, when you use property management services, you are also introducing the best marketing strategies your property needs to increase visitors.
Property management companies like ours, optimise your listing, take professional photos and advertise your product.
We’re also super responsive to guests, which helps us to secure bookings faster.
This is why we’re so useful because we provide you with all the help you need to make sure your home is in the right spot to maximise your income.
To enquire about our services, get in touch here.