Excellent question;
What is Airbnb property management?
An Airbnb Property Management company provides a service to accommodation owners who would like to generate income from their accommodation but are either not able to manage the home themselves or they are not interested in management and marketing.
What Is the Airbnb Management Criteria I should Consider Before I Decide?
- An Airbnb Property Management company should provide a proven track record of Airbnb marketing success; this is measured in the average review scores. In general lookout for Airbnb Management companies with an average score above 4.8 out of 5 ? (FAQ SuperHost).
- These management companies should be SuperHosts.
- How do they charge for Airbnb management? Do they charge a retainer or do they charge per incident? If the cost per incident you only pay if need. We have found management retainers make Airbnb agents lazy as they make money even if the home does not rent out. In our case, we only generate an income if the house generates an excellent income. So the owner wins when we do a great job marketing on Airbnb. . (FAQ What you are paying for..)
- Occupancy. Any Airbnb agency can promise you the sky to get the business. It’s like a real estate agent offering you a high suggested selling price to get the mandate. This is wrong. Airbnb agents worth their salt must have a higher occupancy than the norm. In Cape Town, we run between 25 and 50% higher. (FAQ Maximise Income).
- Rates: Any Airbnb management company selling their business on high rates is a red flag. Overselling will not work. As an agency we manage to ensure we get 5 ? reviews, so that occupancy can increase, meaning demand increases and only then do we increase rates.
- Management and marketing are major functions. Airbnb property management? includes maintaining and improving the home, liaison with guests, welcoming and greeting guests, sorting out issues.
- Marketing is useless without 5 ? management. Marketing includes but is not limited to setting Airbnb marketing best policies to maximize income by attracting exceptional guests; setting rates to maximize income through occupancy, minimum stay rules, cancellation policies, and others.
- Financial reporting. How do the Airbnb Agency report income and expenses, when and how regularly are you paid? Once a month or when the reservation is paid? We pay within 24 hours of receiving payment. (FAQ Cash Flow Reporting)
Agency.CapeHolidays.info is one of many Airbnb management companies Cape Town. It’s your choice. Obviously. But do your homework.
Agency.CapeHolidays.info is an Airbnb property management company with offices in Simonstown and Green Point.
You can look at Cape Town suburbs where we manage here.