Is it worth hiring an Airbnb agency to rent out the apartment? Most guests only book a short stay through Airbnb, more time has to be invested in cleaning, check-in / check-out, and booking processes. In the long run, however, this also generates greater income.
To make it easier for you to make a decision, we have first listed which services an Airbnb agency normally offers. Then you will find the top 10 reasons why more and more vacation rental owners are considering an Airbnb agency.
At the end, you can also find a list of Airbnb agencies that offer service management for holiday homes in Cardiff.
What exactly does an Airbnb agency do?
An Airbnb agency is a management service that supports you in managing and renting out your holiday home. Often, such agencies even take on all of the vacation rental tasks with Airbnb.
These usually include:
- Professional photos of the apartment
- Creation and management of online advertisements
- Update the occupancy calendar
- Pricing
- Management of inquiries and bookings
- Welcoming and looking after the guests
- Final cleaning of the apartment
Most Airbnb agencies charge a percentage fee for this service, which is deducted from your rental income. Find out now why hiring an Airbnb property management Cardiff can still be lucrative for you.
Why is it worth using an Airbnb agency to rent out a vacation home?
1. Increase in sales
If you have little or no time to rent and manage your apartment yourself, you are missing out on a large part of this turnover. However, rental agencies take a relatively small percentage of their management service, given what you could earn from renting your vacation home in popular destinations.
Most brokerage fees are comparatively much more expensive. So you give a smaller piece of the pie and thereby increase your overall income – that means profit for both sides.
2. Outsourcing makes everything easier
We often hear that owners are temporarily unable to rent out the holiday home because they are out and about and renting it from a distance is too cumbersome.
If you yourself like to travel a lot – be it for business or pleasure – renting the apartment can be a practical additional income. But what happens when you can’t be there yourself to organize the administration? In this case, the rental agency steps in and takes care of bookings, cleaning, the smooth handover of keys, and welcoming guests.
Often you even have the option of using the rental agency as required, i.e. only when you are on the road yourself. This saves you the costs of the Airbnb agency if you have time yourself and still do not lose any income when you are on the move.
3. More time for the important things
Most apartment owners do not want to rent out their apartments, as this takes a lot of time and effort. Answering booking inquiries, updating calendars, and communicating with guests can quickly become a second job and take up to 40 hours per month. Many who like to spend time with their family or other hobbies, therefore, prefer to forego the extra income – but they really don’t have to!
An Airbnb management service takes care of the marketing and rental of your apartment without involving you. Instead of spending your vacation home, you can use your time and energy for other things in your life.
4. Gain flexibility
For some apartment owners, permanent rental is out of the question, as you still use the apartment yourself from time to time. With short-term rental to holiday guests, however, you gain exactly the flexibility you need!
You can rent your house by the sea or your hut in the mountains exactly when you are not using it yourself and are earning a lot of sales. A part-time contract with an Airbnb agency like letsmanageu.co.uk to manage your vacation rental would make this easy.
5. Increased creditworthiness
Are you thinking about buying a new home, renovating an existing one, or investing in a vacation rental? Then some extra income can help you improve your creditworthiness. The more equity and financial security you have, the higher your chances of getting favorable loan terms.
By contacting an Airbnb rental agency, you can take advantage of all of these additional sources of income perks while saving yourself the hassle of cleaning and managing your vacation rental.
6. Pay off loans faster
Just like taking out, renting the vacation rental can also help you pay off loans and get you out of debt faster. Many private landlords use their additional income to pay off debts, loans, and mortgages. However, if you do not have the time and resources to take care of the management and rental of the holiday home yourself, then the service of an Airbnb agency can be the solution.
With no extra effort on your part, you can generate additional profits thanks to the management service, which enables you to settle your debts more quickly.
7. Home security
While some homeowners use Airbnb agencies to generate extra income, others use Airbnb management services because they are concerned about the safety of their property.
When you are traveling for an extended period of time, it can be unsettling to leave your apartment empty and unattended. By renting out the vacation home instead, guests or the agency’s service staff will constantly visit it in your absence. In this way, you not only earn something but also make sure that someone is always at home and your holiday apartment is protected from break-ins.
8. Travel financing
Everyone likes to travel! But sometimes it is not that easy to raise the money for the long-awaited trip.
Few rental agencies help landlords who want to travel for a year or save for your break. Whatever your plans, you will find an agency that can help you with them.
So you can use your vacation home to top up your travel budget, be it by renting it out before the trip or even while you are away. After all, the rental income ends up directly in your bank account.
9. Professional and strategic pricing
Thanks to a professional agency, not only will your communication with guests be optimized but also the room rates that you offer. The agency checks everything for efficiency and works to maximize your profit depending on the season. These teams of experts will compare your vacation rental with similar competitors in your area and adjust your prices to maximize your income.
In most cases, prices vary depending on the season and demand. A good Airbnb management service will adjust your room rates regularly to capture market demand and trends. Such an agency usually has a lot of data that they can use to ensure that their property is price-competitive with the competition and the rest of the market.
10. Professional marketing advice
If you hire an agency to manage your vacation home, you can also secure professional vacation rental marketing. The Airbnb agency will revise your marketing strategy and whip up the presentation of your vacation rental. This includes professional photos, attractive apartment descriptions, and interesting titles that give your holiday home the right image.
The marketing professionals also take care of communication with former, current, and future guests. In order not to drown in this highly competitive market, it is important to always respond quickly in order to generate bookings. After all, your competitors are not just other holiday apartments, but also hotels and hostels.
Airbnb agencies and managers give you the support you need to grow your bookings and maximize your profits.