You might be thinking that managing an Airbnb listing is easy. You upload photos, advertise your property, accept bookings and check in guests when they arrive. Sounds simple enough? Unfortunately, it’s not as straightforward as it sounds. If you want to make the most out of your Airbnb listing and avoid any costly slip-ups along the way, you need to find a professional management company to take care of things for you. If that sounds like something that you could use right now, read on for a breakdown of the different management services you can expect from an Airbnb management company. Keep reading to find out more about this excellent option for anyone who wants to make the most of their Airbnb profile without putting in too much time and effort.
An Airbnb management company is a third-party company that specializes in managing your Airbnb listing on a full-time basis. Their job is to advertise, screen, and book guests for your listing, collect guest payments, screen your guests, and provide concierge-level services. Most BMS providers also handle the cleaning and maintenance of your property, and collect guest reviews. This is a comprehensive service that takes care of all aspects of running a successful Airbnb business, from start to finish. Many people have full-time jobs or other obligations that keep them from devoting the time and energy that is required to run an Airbnb listing successfully. If this sounds like you, an Airbnb management company can help make your Airbnb listing a consistent, profitable source of income. If you don’t have the time or energy to manage your Airbnb listing properly, it might not be worth your while to run it at all.
There are many reasons why you might want to hire an Airbnb management company — some of which have nothing to do with the actual BMS service at all. For example, an Airbnb management company can help you avoid discrimination lawsuits. If you are renting out your listing to guests yourself, it’s important that you avoid discriminating against potential guests based on factors like race, religion, or sexual orientation. Once an Airbnb listing is booked, there is no way to know who will show up at your door. If a guest feels that they were discriminated against, they can file a discrimination lawsuit against you. When hiring an Airbnb management company, you are hiring a third party that will screen and book your guests for you. This takes the discrimination liability off your shoulders. BMS providers are legally obligated to screen for discriminatory factors, preventing discrimination-related lawsuits in the process.
- Advertising and marketing your property - Many BMS providers advertise your listing across different channels, including Google Ads, Facebook, and other marketing platforms. This helps to drive traffic to your Airbnb listing and increase your bookings. - Extensive screening of guests - Airbnb management companies typically employ a thorough guest screening process to ensure that only appropriate guests book your listing. This includes running guests’ names and other personal information through criminal databases, sex offender registries, and other security databases. - Keeping your house clean between guests - After each booking, your BMS provider cleans your property thoroughly, making it ready for the next guest. This includes cleaning the sheets and changing them between guests, doing laundry, and cleaning the entire property from top to bottom. - Collecting guest reviews - Many BMS providers encourage your guests to leave reviews for your listing and your business. They can also help you to collect reviews from your guests.
Before you commit to using an Airbnb management company, it’s important to find one that is a good fit for your listing. You can start by researching BMS providers in your area. Make sure to ask them about their services and pricing, and check their references to see what past clients have to say about their experience. It’s also a good idea to check the BMS provider’s reputation online. Next, you’ll want to make sure the BMS provider is the right fit for your property. If you have multiple listings, you can approach different providers and let them know which properties they should take. If you only have one property, you may need to choose a provider that can manage all of your listings.
- Boost your occupancy – An Airbnb management company can help to boost occupancy by advertising your listing and booking guests for you. This means that your listing is consistently booked with guests, which can significantly boost your income. - Increase your revenue per listing – By booking guests for your listing and collecting their payment, your BMS provider takes some of the financial pressure off of you. This allows you to charge higher rates for your listing without having to worry about guests paying on time or at all. - Convenience – Many B-MS providers have established relationships with cleaning companies, property management companies, and repair services. This means that when something breaks at your property, or there is a cleaning issue, your BMS provider can take care of it for you.
- Taxes – If you are hiring an Airbnb management company, you need to be aware that they are not responsible for paying taxes on the income they earn managing your Airbnb listing. This means that you are responsible for paying the taxes on that income. - Loss of control – One of the biggest drawbacks to hiring an Airbnb management company is that you lose some control over your listing. For example, if there is a problem at your property, you have no guarantee that your BMS provider will handle it in a timely manner. - Lack of direct feedback – Another thing to keep in mind when hiring an Airbnb management company is that you will not be collecting direct guest feedback. This means that you won’t know how you can improve your listing or guest experience.
An Airbnb management company is a great choice for anyone with a full-time job who is looking to make some extra cash with their spare room. It’s also a good option for anyone who has the space but not the time to run an Airbnb listing properly. A BMS provider will help you boost occupancy and make more money with your listing while taking care of all the behind-the-scenes tasks that take up your time and energy.
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