There are a lot of property owners who are now interested in the short-term rental market due to its profitability and resilience even during this unprecedented period. Property investors who are looking to dive into the short-term rental (STR) industry, however, may not be too keen on doing the manual tasks that managing and owning an Airbnb entails. It’s still possible to get the best of both worlds if you find a good short-term rental manager. Here are some undeniable signs you need one.
You don’t like cleaning
Cleaning is a huge part of managing short-term rentals. The higher turnover rate of guests, cleaning in between each stay quickly becomes a tedious task. It won’t be the same as cleaning your own home as guests who stay in short-term rentals expect hotel-standard cleaning.
This is more emphasised today with Airbnb’s enhanced clean protocol following the pandemic to ensure guests’ safety. It includes ventilating the space before starting your cleaning process, using disinfectants that are approved by local regulatory agencies for use against the COVID-19 virus, sweeping, vacuuming, dusting, mopping, and wiping down all surfaces with soap and water as well as washing all dishes and laundry at the highest heat setting possible. A good Airbnb property manager knows this by now since Airbnb has rolled out this process and is more than happy to do it all for you.
You’re not excited about staying up late
Guest enquiries may come at any time of the day. A guest may accidentally lock themself out or might need some assistance in finding where you keep certain essentials, so responding to them right away is necessary. It’s not just during emergency situations but it also happens with guest enquiries. Some might be planning their holiday and looking through available accommodations on Airbnb during the night. If they send multiple enquiries to different listings, being the first to respond can leave a good impression and lead to a booking before any of your competitors have had the chance to chat with the potential guest. Part of being a good host is timely communications and just like how well you do your cleaning, effective communications can also impact the rating your guest will leave on your Airbnb listing.
You don’t really enjoy house maintenance
Maintaining your property is essentially better for short-term rentals compared to long-term as issues are spotted right away. Maintenance fixes will also have to be completed before the arrival of your next guest. A leaky faucet or a broken socket will only give potential guests something to complain about and won’t leave the best impression about you as a host. Having a short-term rental manager will ensure that these issues are addressed as soon as possible and all you have to do is sit back and relax while they do all the heavy lifting. If you’re a Hometime customer, you’ll receive access to our online platform to track your maintenance progress.
You are busy with work
If you have a full-time job that you’re juggling alongside managing your rental property, it is understandable that you might not be available all the time. Besides the cleaning, guest communications, and maintenance work, you’d also have to be in touch with what’s happening around your property’s neighbourhood to adjust your nightly rates. Not all the days in the calendar are valued the same by most travellers. For example, a Friday and a Saturday night will understandably be more in demand than Tuesdays and Wednesdays. Following this, seasonality also plays a role and if your property is located near the beach, summers will undoubtedly see more bookings than your winters. Of course, it all depends on the type of property you have and its location. If you are familiar with the holidays and seasonality where your property is situated, adjusting your prices can significantly improve your bookings and therefore, your earnings too. Professional property managers know this all too well and some like Hometime, even have their own data analytics team to predict optimum results for your Airbnb.
You still love how profitable STRs are
If you love how much you can earn and how well-maintained you can keep your property but would like some help in managing it, then the answer is YES, you will definitely benefit from having a property manager. If you’re interested in our services, you can reach out to us by filling out this form and we’ll get in touch to answer any additional questions you might have before you decide to sign up. We’ll also send along a free earnings estimate for your property!