Pros and cons of hiring an Airbnb property manager

When it comes to the world of vacation rentals, many are drawn to the prospect of earning a passive income. However, what most fail to consider is the sheer amount of effort required to effectively manage a property. As a result, many opt to hire a professional to handle everything for them. If you find yourself in this boat, you are in luck. In today’s post, we will be discussing the benefits of enlisting an Airbnb property manager.

Let’s start with the basics and define what their services include.

What does an Airbnb manager do?

Simply put, An Airbnb Property Manager will take the load off your shoulders. From handling logistics to taking care of the property without you ever worrying about it, here are the things that they do for you:

  • Manage listings – probably one of the most important jobs of an Airbnb property manager is marketing your place and finding guests to stay there. To do this, they utilize their knowledge and expertise and boost your reputation on booking sites by creating high-quality images and descriptions of the place. They also provide optimal pricing so you can maximize your income.
  • Communicate with guests – they handle the correspondence and provide assistance to guests before and during their stay, ensuring they have a pleasant experience.
  • Maintain the property – in between guests, the Airbnb property manager deals with all kinds of maintenance issues. They handle repairs, regular inspections, and routine maintenance checks.
  • Turnover and cleaning – when you are managing a property, the question of why hire an Airbnb property manager is best answered with this – they clean and prepare the place for the next guests (usually by hiring a cleaning service) and make sure each following guest has a comfortable stay.

What is the benefit of hiring an Airbnb property manager?

As an Airbnb owner, you know that your property is a crucial investment, and managing it can be an uphill task. Running an Airbnb business requires a lot of effort, which can be overwhelming, especially if you have a full-time job or other responsibilities. In such a scenario, hiring an Airbnb property manager can be a smart move. They can help you overcome the challenges you face and provide the necessary support. Here are some benefits that you can get by hiring an Airbnb property manager:

  • Increased Revenue – With their professional skills and ample knowledge, property managers can elevate your Airbnb income.
  • Discounts – If you plan to refresh your property, these professionals can provide you with the best discounts regarding various supplies without sacrificing quality.
  • Maintainance and Setting Up – They not only assist in refurbishing your Airbnb but also in setting it up and maintaining it for as long as required. This is a crucial factor for running a successful business, as a clean and well-maintained property can enhance the guest experience. In addition, they collaborate with top-notch and cost-effective services to ensure the best possible outcome.
  • Resolutions Expert – Any issues with the Airbnb property will be handled by the property manager in an objective and professional manner, ensuring that your business is well taken care of.
  • Time Savings – You can relax while a professional manages your Airbnb for you, without the strain of dealing with various issues and suppliers.

Disadvantages of hiring an Airbnb manager?

As many benefits come from hiring an Airbnb property manager, there are also some disadvantages. We have dedicated a few examples for your consideration below:

  • They cost more – the cost of hiring a property manager is sometimes very high, especially if you have more than one property to manage. However, it is well worth the investment if you want to save time and spare yourself from the great responsibility and stress of handling your Airbnb business.
  • Communication is crucial – if the manager is not that responsive, this may lead to various delays, which may hurt the workflow.
  • There may be a lack of personal touch – when managing your property, you are 100% invested, quality being one of your priorities. However, some managers may prioritize cost-effectiveness over quality, which may harm the long-term health of your Airbnb.
  • Maintenance service preferences – you may discover that a certain professional prefers to work with their own service providers. This can potentially lead to conflicting interests as they work with those who benefit them.
  • Higher risk – they may come with a bundle of hidden fees, less than optimal work, and may leave you with more work than you began with. That is why you must thoroughly screen before hiring a manager or a company.

How much does it cost to hire an Airbnb manager?

In the points mentioned above, we brushed this subject by noting “they cost more”. But how much exactly?

There is a standard structure in this case that you might find useful – a property manager takes a percentage or a cut of the earnings every month. As a popular structure, the cost is directly connected to your monthly income. Also, this means that in slower months, you pay less.

If you are looking for short-term rental management, they charge for the services somewhere between 10-50% (on average). Bear in mind that short-term management is more expensive than long-term management (which is about 6-10%).

How to hire an Airbnb property manager?

When choosing an Airbnb property manager, it’s important to put a lot of thought into the decision. Ideally, you want to work with someone who has the necessary experience, expertise, and marketing background for a long time. Always ask for references when considering hiring someone, as this will give you an insight into what it would be like to work with them. It’s also important to “click” with them, as you’ll need to communicate with them regularly. Remember, this person will be handling your property investments, so choosing the right professional is essential.

If you want to discover more and reap the benefits of hiring an Airbnb property manager, book a call with us at Maxima Properties!