our airbnb host services will give you both freedom & peace of mind
What Does Airbnb Hosting Entail?
Becoming an Airbnb host can be an attractive way to generate some extra income if you own secondary property or have an additional room or area within your primary residence. Airbnb hosting requires a considerable amount of work, starting with an analysis of the market to ensure that your return will be worthwhile. For the most part, Airbnb hosting will generate significantly higher returns than long term rentals, with some geographical areas performing better than others. It will be important to consider any additional upfront and ongoing costs of becoming an Airbnb host when determining feasibility for your property.
Once you have determined that this is a good idea based on some real and accurate data, you will be ready to begin design, set-up, and listing of your property. Once established, ongoing day-to-day management tasks typically include continued management of the listing, coordinating bookings and payments, arranging guest check-in and check-out, interfacing with guests for any questions or complaints, providing concierge services, cleaning and housekeeping, keeping and restocking inventory of amenities, and maintenance and repairs.
Self hosting vs. hiring airbnb host services
Based on the list of tasks provided above, it is clear that there is a lot of work involved in becoming an Airbnb host. Some people are amazing multi-taskers who seem to have been created for an endeavor like this and have great success without any outside help. If this is you, utilizing Airbnb host services may be entirely unnecessary.
For some of you, you may be getting by and making some money, but lack the knowledge and expertise that brings you the highest rates of success. Still for some others, maybe just the thought of taking on such a project is too overwhelming to even consider. If you fall into either of these two categories, or anywhere in between, Airbnb host services can become your greatest resource and ally!
At Speed Keyz, we provide the full range of Airbnb host services with a team of professionals with collective specialties in marketing, market analysis, project management, hospitality, design, photography, and housekeeping. Our experience gives us the knowledge required to keep guests happy, resulting in better reviews and higher returns, and continuous monitoring of your market ensures your rates are optimally adjusted at all times.
Things to Consider for Successful Airbnb Hosting
Becoming a successful Airbnb host is much like juggling multiple moving parts. It involves knowledge and skills in a variety of sectors including marketing, design, hospitality, data analysis, and project management. It requires a detailed eye to coordinate the daily tasks while also being able to strategize over marketing and analysis needs and interface with guests in a friendly and composed manner under any circumstance. Below is a breakdown of some key areas to consider as an Airbnb host.
The first step toward successful Airbnb management is to set up the property in a way that is both attractive to potential guests and functional. If you have a keen eye and interest in interior design, this may be a fun project for you to start out with, or you may decide to hire someone for the job. Through this process, it’s important to keep in mind what your market is looking for and keep a good balance between aesthetics and functionality.
Quality, professional photographs that show off and enhance the main strengths of your property are a key marketing tool and essential for any successful Airbnb listing. Images are the most noticeable part of the listing and most likely will determine whether the potential guest will choose to delve into the details and descriptions of your listing or not. We suggest that a significant investment for this step is highly worthwhile.
After the photographs have captured the attention of potential guests, quality content with strategic description and details will need to be written with the goal of guiding readers toward the final booking. It may be helpful to think of your listing as the primary marketing piece for your product (i.e. short-term rental of your property) and create your listing with an understanding of what your audience is looking for.
Good Airbnb management requires continuous maintenance and updating of your listing. To optimize income, the Airbnb manager must keep an eye on how the market is moving and changing so adjustments can be made to your rates on a continual basis. It is also important to follow the movements of similar properties on Airbnb and other platforms to ensure you remain competitive within the market.
If you want to maximize your income potential by listing on multiple rental platforms, it will require some calendar synching tools to ensure there are no double bookings or conflicts. Although short-term rental platforms deal directly with auto-payments for the most part, keep in mind that there may also be other financial exchanges based on cancellations, damages incurred, or other unforeseen circumstances that may require additional work.
The last thing you want is to have rowdy guests who cause disturbance in the neighborhood and leave your property in less-than-desirable condition. Airbnb property management also involves screening for quality guests to ensure that the condition of your home is well maintained. It you don’t live within earshot of the property it is also a good idea to look into ways of monitoring noise.
You will need to think about how you want to handle the guest check in and check out processes. For the most part, a lock box system will work well while requiring minimal time investment. Keep in mind though that many guests expect 24/7 concierge services, so you will need to be accessible to answer questions, provide information about the home and neighborhood, and receive complaints.
These are key elements of successful Airbnb property management. Quality housekeeping for short term rentals not only involves cleaning of the property but also laundering and restocking of linens and other restockable items such as toiletries or dish soap. Keeping an accurate inventory of such items is a good idea to ensure guests are never left without and also to gauge ongoing expenses.
As with any rental property, there will be maintenance and repair needs. The difference with a short term rental is that there are many times when the maintenance or repair will need to be performed within a small window between guests which can be difficult to coordinate unless you are able to perform them yourself. If damage was caused by a guest beyond regular wear and tear, you will also need to receive payment for damages.
airbnb host fees
For many property owners, hiring a professional company to provide Airbnb host services can be highly rewarding. According to Lodgify, Airbnb host fees typically range between 25-30% of the rental cost. At Speed Keyz, our fees are highly competitive, ranging between 15-20% depending on the size and type of your property.
Also setting us apart from our competition, our Airbnb host package includes an initial revenue projection based on real and accurate market data from your property area, so you have an understanding of what to expect. We also continue to monitor the market throughout your contract with us to determine optimal rates and, hence maximizing your income.
Serving You, Your Property, and Your Guests with Excellence
- Our market research team always has the latest and most accurate data to ensure you receive the highest return possible within the current market
- We list your property on multiple platforms to maximize occupancy
- We carry insurance of up to $1 million for each property
- We monitor your property at all times to ensure it remains in great condition, and that your guests are satisfied