Airbnb Management Bristol - Elevate Your Rental with Moa and Kin (2024)

FAQs

What is Airbnb rental management? ›

An Airbnb management company handles all aspects of your property's management including: Guest management, Cleaning and amenities, Check-in systems, and. Maintenance.

The industry standard for Airbnb management ranges from 20% to 35% of monthly revenue for most of the US. Rural hosts may pay up to 40%. Half-service management is available for as little as 12.5%, but only includes marketing for the property leaving cleaning, maintenance, and guest communication up to the host.

Becoming an Airbnb property manager can be a fulfilling career path – and you can also make a lot of money with it. The short-term rental industry is forever growing: now is as good a time as any to take the next step and set up a property management business.

How many hours? Depending on the type of vacation rental you are running, you could be looking at spending 2-3 hours a day managing your property and between 5-8 hours on days where you have a change-over of guests. What takes so long, you ask? Here are some things that are likely to eat away the hours in your day…

Hosts pay 3% of the total payout (unless they have listings in Italy or have super strict cancellation policies – in which case they pay more) and guests are charged a service fee between 13-20%. No service fee is visible to the guest, so how much does Airbnb take? Hosts usually pay 15% of the total payout.

Most guest service fees are under 14.2% of the booking subtotal (the booking subtotal includes the nightly price and any additional fees charged by the Host, but excludes the guest service fee and taxes). The guest service fee varies based on a variety of factors and may be higher or lower depending on the booking.

If you're juggling multiple rental properties, hiring a PM can help you offload many of your day-to-day logistical tasks. Managing several listings can be time-consuming, especially with tasks like pricing and booking management, guest communications, cleaning schedules, and property maintenance and repairs.

With Airbnb key management apps and host tools, you will stay in full control of all entries, check-ins, and checkouts. They will also help you avoid inconvenient scenarios such as the cleaning company entering the property before guests' check-out.

An Airbnb short-term rental that has a steady queue of occupants may be more profitable than leasing the same property to someone on a long-term basis. The reason is that Airbnb nightly rates are usually higher. For example, according to a recent analysis, Airbnb hosts have an average monthly income of $924.

Airbnb's Terms of Service don't impose a limit on the number a host can have. In fact, if an Airbnb host has 6 listings or more, they can market them on their Airbnb pro marketing page found on the Host Dashboard.

Is owning an Airbnb stressful? ›

Difficult guests

Having unruly guests can be a major headache for an Airbnb host and cause a lot of stress. While you can place screening measures in place, there's always a possibility that you end up renting your property to guests who cause problems or damage your investment property.

Types of Hosts

Listing owner: The person who lists the space in their Airbnb account. This is usually the person who owns or lives on the property. Full-access Co-Host: Usually a friend, family member, or someone the Host hires who helps manage their place.

Managing an Airbnb listing involves looking after your property's occupancy, its earnings, cleaning it after the guests leave to name a few. While others opt to take care of their own short-term rental property, some sign up for the services of an Airbnb management company.

Airbnb Co-Host Fee

On average, Airbnb co-hosts charge 10-20% of the nightly rate without cleaning the rental property. So, for example, if you co-host an Airbnb that earns $30,000 per year, you can expect to earn roughly $3,000-$6,000.

Adding all these up, you could easily be spending 30-40 total hours a month managing your Airbnb unit. Of course, you could just make your listing and pricing once and then forget about it, but you'd be leaving profits on the table.