Owning an Airbnb property can be a lucrative venture, offering a steady stream of income and opportunities for growth in the real estate market. However, managing an Airbnb rental comes with its fair share of challenges, from coordinating guest arrivals to ensuring the property remains in top condition. This is where property managers step in, offering their expertise to alleviate the burden of day-to-day operations for rental owners. 

Whether you’re a seasoned Airbnb host or considering dipping your toes into the short-term rental market, understanding the role and cost of a property manager is essential for maximizing your returns and reclaiming your time.

What does a property manager do?

Managing an Airbnb property involves a multitude of tasks, from guest communication to cleaning and maintenance. Property managers take on these responsibilities, acting as intermediaries between owners and guests. They handle bookings, check-ins, and check-outs, ensuring a seamless experience for guests while maintaining the property’s upkeep.At Hostly, we offer comprehensive property management services including co-hosting, interior design, concierge services, event planning, and white-glove set-up.

What factors into the cost of a property manager?

Several factors influence the cost of hiring a property manager for your Airbnb. These include the size and location of the property, the range of services provided, and the level of expertise of the manager. Additional costs may arise for emergency maintenance or special requests from guests.

Property managers typically charge a percentage of the rental income, ranging from 15% to 30%, depending on the services offered and the market demand. At Hostly, we never want you to guess how much you’ll have to spend with us which is why we provide full transparency about our pricing. We charge a flat 20% commission for our management services.

Is a property manager worth the return on investment?

Deciding whether a property manager is worth it is ultimately up to your goals and needs. If you want to earn more and expand your rental portfolio, all while enjoying more time back to yourself, hiring a property manager will be well worth it to you.

Helping You Earn More

While the cost of hiring a property manager may seem daunting, the benefits often outweigh the expenses. By leveraging their expertise and resources, property managers can optimize your rental income by adjusting prices according to demand, maximizing occupancy rates, and attracting positive reviews.

Through effective marketing strategies, a property manager can help you attract a steady stream of guests, minimizing vacancies and optimizing your rental income. They can list your property on multiple platforms to increase digital visibility and use their expertise of the local market to pick out the biggest attractions that your rental space has to offer.

When it comes to guest experience, property managers understand the importance of guest satisfaction and go above and beyond to ensure a memorable stay for each and every visitor. From prompt communication and seamless check-ins to addressing guest concerns and providing exceptional hospitality, property managers cultivate a positive guest experience that translates into higher ratings and compelling reviews. These favorable testimonials not only attract more guests but also contribute to higher booking rates and increased revenue over time.

The Greatest Currency of All: Saving You Time

Moreover, property managers save owners valuable time by handling day-to-day operations, allowing them to focus on other aspects of their lives or businesses. Time saved is a priceless commodity that can be reinvested into personal pursuits or growing your property portfolio.

At the end of the day, a property manager can help you save on the most important currency you know – your time. By handling the day-to-day operations, you can focus on other aspects of your business. Maybe you want to expand your property portfolio, or maybe you want to enjoy more leisure time to yourself. Either way, property management companies know the ins and outs and have a full team that can work far more efficiently than any rental owner can on their own. Time saved is a priceless commodity that can be reinvested into personal and professional pursuits. If you value your time, then the ROI of hiring a property manager is hard to argue against.

Start Earning More Today

The multifaceted responsibilities of managing an Airbnb property can be overwhelming for owners seeking to maximize returns while maintaining a work life balance. Property managers offer a solution – effectively bridging the gap between owners and guests while optimizing rental income and guest satisfactions.

While you may have doubts about hiring a property manager, the benefits far outweigh the expenses. Not only do they help owners earn more through strategic pricing, marketing, and ensuring exceptional guest experiences, but they also give you more of your most invaluable asset – time. By entrusting the day-to-day operations to experienced hands, owners can redirect their focus towards personal wellbeing or further expansion of their rental portfolio.The return on investment of hiring a property manager is undeniable, offering a pathway to both financial prosperity and enriched quality of life. Reach out today to get started!