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How to Evaluate Airbnb Management Companies The growth in airbnb popularity all over the world since the company was founded less than 10 years ago (in 2009) has been nothing short of mind-boggling. From assisting 21,000 guests a year finding accommodations to over six million (and counting) annually in 34,000 cities across 90 different countries in an astounding 800,000 properties, travelers have really taken to this means of lodging in major ways. And with continued growth and exposure, as more and more homeowners are made aware of all the benefits participation in the airbnb industry can bring them, numbers should only continue to rise exponentially. Quite naturally, a successful airbnb property begins with a very clean and functional room to let in a safe location. All across the world, such locations are very plentiful, and if it was as easy as just cleaning up a room and advertising a vacancy, there could very well be vacancies across the globe numbering in the multi-millions of airbnb-like properties. But only successful and professionally-run entities really succeed in this market. And this is where airbnb management companies come in and play such a vital role in the success of airbnb ventures. So when homeowners who really want to make a successful "go" of making their home an airbnb property, bringing in such a professional and successful management company for their airbnb is by far the greatest move they can make, for a variety of very sound reasons. A variety of approaches, a variety of options Some airbnb property owners really have the time and have the interest in being an active owner and participant in their airbnb business and its processes. Others have the right property, resources, and interest in being a part of this successful endeavor but simply cannot tend to the daily business and all that it entails on their own. Or perhaps recognizing the exceptional services and options that the right management company can offer their airbnb, they've made the right decision for themselves and enlisted their services. These owners look for "hands free" experiences; that is, they own the property and hand off relevant tasks to the management company, thus leaving their "hands free" of the dayto-day operations of the business. Some benefits of the Hands Free Experience What with the explosive growth of airbnb properties, it's no surprise that there has been a corresponding increase in management companies looking to increase their airbnb clientele. Owners of properties looking to get an airbnb up and running successfully from the start should look at companies, their experience, profiles, services, and plans on how they can make their specific airbnb venture a success. There are a number of main variables to evaluate in management companies if the airbnb owner takes a hands free approach. These can include: Maximizing your income. Revenue management teams will utilize local market experience and maximize your occupancy and income incorporating custom-built pricing tools. Caretaking of your home. The management company will take care of maintenance, guest approval, and other tasks, freeing owners up to be confident things are being handled well while they may be away. Going that "extra mile" to strive for 5-Star reviews from guests. Closely monitoring what is going on


with the property, and doing whatever it takes to outperform other rental management companies and provide guests with a superior lodging experience. Some variables that the best management companies integrate into their services Well-managed companies use special optimisation software to track supply and demand trends in areas, factoring in such things as day of the week, time of the year, local events, and other factors on a daily basis. This enables them to increase or decrease accommodation prices accordingly, unlike some companies that just lay out a set price for the property and wait for the business to come to them. Optimisation is also important in getting the property listing viewed as much as possible. Taking the important measures guests really appreciate and rate highly, like answering all guest enquiries within 60 minutes (and usually much quicker) any time of day or night. Happy and satisfied guests translate into high ratings, exactly what the owner wants and needs from every guest experience. Quality management companies will get the setup process done in a professional manner. Professional photographers can make the listing stand out above the others. Listing experts will ensure write-ups of the airbnb property will maximize the potential for maximum occupancy. And when guests arrive, they will have a house manual prepared for them, personally crafted for the owner and professionally designed. One option that not all new airbnb owners utilize, but is nevertheless really nice to be able to access is home furnishing through the management company. Based on the owner's budget and style preferences, expert interior designers can be brought onto the property, make evaluations and recommend furniture packages that suit the situation. Hands free furniture supply and installation then complete this very visual part of the whole process, getting things looking terrific for incoming guest traffic.

How to Evaluate Airbnb Management Companies  

Quite naturally, a successful airbnb property begins with a very clean and functional room to let in a safe location. All across the world,...

How to Evaluate Airbnb Management Companies  

Quite naturally, a successful airbnb property begins with a very clean and functional room to let in a safe location. All across the world,...

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