Have you ever considered using a vacation rental management company to help with your Airbnb properties? If you’re running multiple accounts, we don’t blame you. Organizing rentals, cleaning, repairs, business upkeep and marketing are all a part of your daily task list and after a while, it can become overwhelming. Choosing the perfect vacation rental management company will take some time and consideration, but if you’re diligent and do your research, you can find a company that fits your business perfectly. Ready to get started? Learn more about the questions you should ask before you hire a vacation rental management company.
Questions to consider asking potential vacation rental management companies:
#4 Tell me about your recent performance in the market
The vacation rental market has changed drastically in the past few years, so this is a very important question. Choosing a vacation rental management company based only on experience may not get you the results you need. If someone has been in business for the past 25 years, but chooses not to adapt to the changes in the industry, they’re not going to be the best option for your business. Ask about their current success in the market and how they’ve adjusted since short-term vacation rental has become more prevalent.
#3 What are your fees?
The best way to compare vacation rental management companies is by comparing their fees and contracts. How much do they charge? Do they take a percentage of the listing fee? Do they lock you into a year-long contract? It’s important that you pay attention to the details of each company so you don’t get stuck in a situation that will cause you to lose money.
Pro Tip: Make sure you can still make ends meet after hiring a vacation rental management company. Learn more about Airbnb pricing tools here.
#2 How are you doing the marketing?
Everything on the internet is competing for your time. Because of this, it takes a lot of work to be visible to your target audience. If a vacation rental management company only plans to list your property on their website, – keep searching. A lot more needs to be done to get you the best visibility. Vacation rental managers that put your listing on multiple channels and use social media and techniques to increase search engine optimization (SEO) are the best bets. If you’re thinking about working with a vacation rental management company that doesn’t do this, it’s time to reconsider.
#1 Why not do it yourself?
You may think this question is a little out of place since you’re already managing your rentals and it’s proved to be too difficult. Well, are you doing it in the most efficient way possible? Using a professional vacation management software like Hosty can save you tons of time and make it possible to run your entire vacation rental business yourself. With great features like multiple-account management, automation, and messaging capabilities, you can be efficient, organized, and prepared to tackle any issue. You have the power to do incredible things with the right tools. All you need to do is let Hosty help. Try us for free, today!
At the end of the day, whether you choose to hire a vacation rental management company or use an innovative product like Hosty, we hope that you succeed. Happy hosting!