As the popularity of Airbnb increases (45% increase in bookings year on year), many property owners are jumping on the short-term rental band wagon as a way to increase their returns from their properties. The biggest hang up with this however is the significant increase in workload that comes with managing a short-term rental. If you’re like most people you have a full-time job, a social life, and family commitments. There just isn’t enough time in the day to also put in all the work that comes with a short-term rental.
Fortunately, there are property managers (also known as co-hosts) who are willing to do all of the hard work for you so you can still benefit from the significant increase in income that a short-term rental provides, without having to increase your workload. Read on for 5 reasons why you should use a property management service if you’re looking to move into the short-term rental market.
- Will Help You Set up and Expand Your Business Much Faster Than by Yourself
Getting an Airbnb up and running involves a lot of preparation – furnishing and staging, professional photos, listing, adhering to local regulation, handbook creation, and many more steps. Having an experienced party to do this all for you will speed the process up and ensure it is a success.
- It Will Save You a Lot of Time
Managing a short-term rental is satisfying and fulfilling, but it is hard work! Tasks such as getting the property cleaned, communicating with guests, optimizing your prices, and much more are required on a daily basis; and for the average person, doing these alongside a full-time job is not practical. This is where a property manager comes in. A property manager will be able to completely remove you from this daily grind so that you can still benefit from the enormous advantages that a short-term rental provides, without using up any of your extremely valuable time.
- Will Give You the Flexibility to be Where You Want to be.
We all know that as life changes, priorities change too. Whether you decide to move away from your property or see a prime investment opportunity in a location too far to travel to frequently, an Airbnb property manager is one of the best solutions to your long-distance dilemma. Who said long-distance didn’t work?
- Will Remove Those Everyday Pressures
Did the cleaners turn up today? Did they do a good enough job? Are the guests going to call in the middle of the night because they can’t find the fuse box? All these little things add up. Having a property manager removes you from these worries. You’ll have someone who will communicate with the guests 24/7, maintain the property, and ensure standards never slip.
- You’ll Make More Money!
The biggest reason why people move into the short-term rental market is to make more money from their property. Having the right property manager will help improve your ratings, get you that elusive super host status, and optimize your pricing daily, thus leading to higher occupancy and nightly rates, which ultimately results in a much higher income. A property manager’s best interest is to make your investment as successful as possible; their experience, skill set, and understanding of the business means your property will perform at its highest level.
If you’re looking into setting up a short-term rental, or already have one, but want to remove the workload that comes with it then Hideaway Hosting could be your answer. Learn more at Hideaway Hosting.