Hiring a Property Manager: The Key to Successful Airbnb Rentals

Running an Airbnb property can be rewarding, but it involves substantial time and effort. Hiring a property management company can ease responsibilities and ensure a successful rental experience.

Experienced Airbnb Property Manager

Whether you’re new to hosting or have experience, a dedicated property manager can make a big difference. An Airbnb property manager is a professional who helps manage your listing, taking care of tasks like creating the listing, communicating with guests, and managing cleaning and repairs. The best part is that it saves you time and relieves you from these responsibilities.

Before hiring someone to manage your Airbnb property, it’s important to consider a few things:

• How long have they been in the property management business?
• How many properties do they currently manage?
• What is their level of experience?
• What is their approach to renting out properties, and how does it align with your management style?

Understand the local laws regarding short-term rentals.

Understanding local short-term rental laws is important. Regulations differ from city to city. You might need a permit or license for your property, and may have to pay taxes on your earnings. Some cities have specific insurance requirements for Airbnb properties.

Find someone truly qualified for the job that will do it with excellence.

You need to ensure that the person you hire to manage your short-term rental has the necessary experience. They should have years of experience and a good track record in managing properties similar to yours.

Make sure to ask about their qualifications and experience in managing short-term rentals, as well as their knowledge of local laws and regulations related to rental properties. It’s also important to check their reputation among renters and hosts to avoid any potential issues.

Engage with their previous and current customers for their performance.

Talk to past and present clients. Ask them what they liked about working with your property manager and what would make them want to work with that person again. Make sure you get feedback from people who have already worked with your potential property manager before considering hiring them!

It’s important to find a good fit when choosing an Airbnb property manager. Make sure the person has all the necessary skills for the job. If they don’t have the skills yet, they should start learning!

If someone doesn’t seem to be making progress in their life, there’s no point in investing time and money into training them. Instead, consider hiring someone else until they figure out the value they can add to make both parties happy.

Hiring an Airbnb property manager 

Hiring an Airbnb property manager is easy if you know what to look for in a good candidate.

• Qualification: The candidate should have at least five years’ experience and specific knowledge of the area they will manage.
• Experience: Look for someone who has extensive experience and understands the ins and outs of vacation rental property management.

The Importance of Hiring a Professional Property Manager

Managing a property requires expertise, dedication, and extensive knowledge of the real estate industry. Finding a property manager with strong understanding of property management principles, exceptional organizational and communication skills is crucial. Entrusting your property to a seasoned professional provides peace of mind and ensures your investment is in capable hands.

John B. purchased a second home in Denver of 2009. In need of extra money, John began renting out the home by doing a year-long lease.

While John was happy with his tenant and pleased with the year-long lease, because of the growth of sites like Airbnb, John knew he could make more by renting out the home on a short term basis.

When his tenant’s yearly lease was up, John listed the home on sharing economy platform Airbnb and began renting out his home to short term guests.

Located in a neighborhood with high demand from vacationing guests, John’s home on Airbnb began generating needed revenue. With the help of a local cleaning service, John managed marketing, bookings, cleaning, and maintenance himself. He would, however, physically travel to Denver every four months to check on the home and ensure it was in good, rentable condition.

By the end of the year, John had hosted over 100 guests and grossed about $46,000 on Airbnb. After paying for things like cleaning, light maintenance, marketing, and booking, John was keeping about $34,000 for himself for the year from renting out his home.

The Solution from a Property Management Company for Your Airbnb

When Airdna offered their customers a tool that predicts the rental income associated with a property, John decided to explore the potential of using a property management service. Utilizing a property management service such as Mondosol would provide John with the benefit of relieving himself from the tasks of self-managing his property.

Instead, Mondosol would assist him in securing a local, professional property manager to handle all aspects of property management on his behalf.

With over 250 properties competing in Mondosol‘s marketplace, John could access competitive offers for income and full-service management from local, vetted property managers. The diverse range of properties available in the marketplace would enable John to explore various options and make informed decisions about the management of his property.

Intrigued by the potential offerings from management companies, John sought to evaluate the available offers in Mondosol‘s marketplace. This exploration would provide him with the opportunity to assess the potential benefits and services offered by different management companies, allowing him to make a well-informed choice for the management of his property.

Case Studies To help you understand

We have collected real-life examples to show how our solutions have helped our clients. These examples provide valuable insights into the impact our solutions can have.

Airbnb User Earns 16% More By Hiring A Property Manager For Free

Tanner Bruce, Director of Homeowner Success

Elio Mondello, Mondosol’s Director, worked with several property owners, property agencies, Hotelliers like Oliver from Ocean Mile hotel in Fort Lauderdale, Florida, US.

One of the property Elio worked in his career as a property manager was “Il Giardino di Rebecca” of Eleonora Bernasconi.

Eleonora Bernasconi

Or the Forzano family with the Francesco, his father Giuseppe and mother Tita.

Francesco Forzano

Ettore and Angelina needed to start looking for alternative ways to run their vacation rental business, “Bussola” in Lignano Sabbiadoro, Friuli Venezia Giulia, in Italy.

Ettore Galasso

The Offer from a property management company

In general you can receive two types of offers:

1. Shared Success Offers:
   Property management company compete by offering their lowest commission rate and projected gross income.  You can easily and accurately compare prices of various managers in your area while knowing that you wouldn’t have to pay any more for things like marketing, light maintenance, cleaning, and occupancy taxes.
2. Guaranteed Income Offers:
   Property managers make offers to buy all the available rental weeks. Regardless of occupancy, with these offers you get a guaranteed, fixed rent payment every month. The manager would also pay for things like marketing, cleaning, light maintenance, accounting, occupancy taxes, and more.

The Process with or without a property management company

To get these types of offers, Tanner helped John do the following:

1. Create a profile.
   Elio together with his partner Jose, created a listing for Ocean Mile hotel in Mondosol Travel and in marketplace like Airbnb, Booking or Expedia. Mondosol is used by other professional managers to get reservations.
2. Receive reservations.
   After adding property details, upload photos and publish yor listing you are one-tap access to specially trained agents who can help with everything from Communicate with renters and manage your reservation.
3. Manage or let someone else do it
   You will have the option to manage your listing or speak with the management company to learn more about them and their local operations before deciding what to do.
4. Get paid!
   After agreeing to work with the highest perfomer property manager, John started receiving monthly checks!

While John initially believed that Mondosol wouldn’t be able to find a property manager that could offer him the same or more than he had made the year before with Airbnb, Mondosol found a management company that could not only offer him more money—they could likewise guarantee it.

While John was netting approximately $34,000 on the property after expenses the previous year, the management company guaranteed John $39,600 per year.

Not only did the management company help John earn 16% more, they also do all of the work for John and pay for things like cleaning, light maintenance, booking, and marketing.

“Being able to be completely hands off and having the money guaranteed is really nice.”

John

In Conclusion

When looking for a company to manage your Airbnb property, find someone who understands your lifestyle and what your renters need. Ask about their past experience managing rentals and the problems they dealt with.

Hiring a property management company for your Airbnb comes with many benefits, like having your property well taken care of, guaranteed rent, and the freedom to focus on other things.

Experienced professionals can handle guest communication, cleaning, maintenance, and provide helpful local knowledge. Before selecting a management service, do thorough research to ensure they match your management style and property needs. The right property management service can result in a more successful rental experience for both you and your guests.

Want to see if Mondosol can also help you make more and get better care for your place? Contact us here

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