You are probably wondering what exactly a Property Management Company does. And why use one if you want to embark on the adventure “Short-term rentals through Airbnb”.
There are several companies on the market that offer this type of service for, of course, a monthly commission. It is important to choose the company that best meets your requirements. Below we will present some of the most important reasons to choose a company to manage your property.
Anyone who has decided to rent out their property through Airbnb should be aware that this is not as easy as it seems at first glance. There are a number of requirements and subtleties through which the property will be more profitable and attractive for future guests.
Below we have listed some of the reasons why it is worth contacting a Property Management Company for short-term rental through Airbnb and other similar platforms.
1.You save time
Managing your property can take even more hours a day than a normal 8-hour working day. The company’s task is to study and monitor the market in your area, to determine the best price per night according to a number of factors, to advertise your property, to communicate with guests, to organize the cleaning of the property after each guest checks out and many more. If you don’t live nearby and/or work full time, it is likely that you will miss some important detail, which will subsequently lead to a drop in the bookings
2.Synchronizing the reservation calendar
If you rent out through more than one platform, then the reservation calendar must be 100% synchronized. Otherwise you risk duplicating a reservation and then having to cancel one. And this involves a lot of time and nerves. For its part, the company monitors each reservation and enquiry on a daily basis and does not allow a duplication.
3.Checking of guests
One of the main company’s tasks is to do a quick check of the guests in order to avoid renting the property from incorrect guests and/or those who could create problems.
Another main task of the company is to organize a professional cleaning of the property. Initially, before welcoming the first guests, and after each reservation. A team of professionals will inspect the property for any damages and will clean it spotlessly after each guest.
5.Check-in and check-out
Each apartment rented out on a short-term base must have strict rules regarding the check-in and check-out time. The company, managing the property strictly monitors the observance of this time, as well as makes sure the apartment is fully ready for welcoming the next guests.
Priority № 1 in communication with customers is to provide service at a professional level. The company’s team provides this 24/7, and the guests, as well as you, can contact them at any time via message, live-chat, phone. The employees, who are responsible for the connection with the guests, are well trained how to behave professionally, without interfering emotions, which, let’s be honest, is quite hard sometimes especially if there is an angry customer opposite you.
7.Determining the right prices
A company that respects itself and its customers will provide full information regarding current market development. Given the dynamics in this area, daily research and monitoring of prices are essential for your apartment to be sufficiently competitive with others in the area.
The personal approach to each guest is a huge plus. The company has the ability to provide additional services in accordance to the needs and desires of the guest – transfer from/to an airport, personal guide and others.
9.Property marketing and advertisement
Through many years of experience, the Property Management Company will know where exactly to advertise your property on the market and how to produce fascinating advertising materials – a significant advantage when it comes to quickly filling the calendar and avoiding long periods without any reservations.
10.Increasing your income
With minimum commitment on your part, you can increase your income from renting out an apartment by contacting a Property Management Company. It is the company’s interest to provide you with maximum occupancy of the property, which in turn will lead to increasing the income.
Whether you choose to manage your property on your own or with the help of a Property Management Company, you need to make sure that you follow the written and unwritten rules of various platforms such as Airbnb, Booking.com and others.
If you’d like a professional company to help you with managing your property you can contact us for more information.