How to Become an Airbnb Property Manager?
Short-term rental businesses are growing incredibly fast, and Airbnb is still the king of this industry. It has provided countless jobs for people worldwide and significantly contributed to local places and areas, boosting their country’s tourism industry income. Hosting an Airbnb is one of the best ways to build your own business and make a lot of money. But what if you’re not hosting? Fear not! You can still be a part of the thriving Airbnb community and make extra income through Airbnb property management. Consider becoming an Airbnb Property Manager, and explore new opportunities to capitalize on the booming short-term rental market.
Whether you are a professional host with exceptional hosting skills seeking new opportunities to utilize your expertise, or you’re passionate about running an Airbnb-related business but don’t own a property, Airbnb property management offers a promising career path for you. Stay tuned till the end to explore one of the best Airbnb job positions available – Airbnb property managing!
What Does an Airbnb Property Manager Do?
In most people’s minds, there’s always one job title in the Airbnb business and its host! But most people are wrong! After hosting an Airbnb property, managing one of them is the most profitable job in the short-term rental businesses. But who are the Airbnb property managers? What are their duties, and why are they needed?
Running an Airbnb hosting business demands time, effort, and investments. Hosts with one rental property can get so busy handling daily tasks, check-ins, and giving the appropriate customer services and barely find a chance for a break. Now imagine a host with multiple Airbnb rental properties on his listing! Poof! It’s pure Chaos!
People need Airbnb property managers to help them through their hosting business. They may not even want to do hosting primarily or permanently; they’re not good at it or aren’t even interested in it, but they can’t say no to its income. In these cases, they prefer to pay a reasonable fee (20% of the rate per night) and hire an Airbnb manager for their property. The Airbnb property manager helps them run their business and cares for everything. In other words, Airbnb property management involves entrusting all the hosts’ responsibilities to capable managers, who, in exchange, receive a certain percentage of the property income.
Airbnb Property Manager Responsibilities:
- Checking out the booking requests, confirming them, and communicating with the guests
- Managing the tasks related to guest check-ins and check-outs and greetings
- Constantly updating the listings and Airbnb property calendars on the website
- Organizing and scheduling the cleaning and cooking services and taking care of the property maintenance works
- Always keeping in touch with the owners and sending the reports.
The Differences Between Airbnb Property Managers and Co-hosts
To most people, Airbnb property managers and Airbnb co-hosts look similar, but they differ much.
The thing that differentiates co-hosting from Airbnb property management is their responsibility areas. Co-hosts typically help the main hosts and lessen their workloads, whereas property managing contains each and every responsibility of the Airbnb property. When homeowners hire an Airbnb property manager, it means they’re going to pass the torch on to another person. Property managers take care of everything and send the check to the homeowners at the end of the month.
Property managers must be experts and have deep experience in Airbnb hosting, while the co-hosts usually are the primary hosts’ family members or friends who just complete the tasks hosts ask them to.
Since the property management companies must operate in legal frameworks and the contract between two parties (homeowners and property managers) must obey the real estate regulations, there are no strict legal regulations in co-hosting contracts. in most cases, there is not even a written co-hosting contract, and both parties create a verbal agreement.)
How to Become an Airbnb Manager
Now you’re entirely ready to face your responsibilities as an Airbnb property manager, and you can go for it with your eyes wide open. But how? From which point should I start, you may ask.
Here are the steps:
1. Find Clients
Well, the first step is not such a golden secret that shocks you, but it is what it is!
There is no need to visit each Airbnb near your area and talk to their hosts in person. You can share a post on your social media accounts and announce that you’re willing to get connected with hosts seeking a property manager. You can also spend a few bills and post an ad on specialized websites that link Airbnb managers to homeowners.
You can also connect with Airbnb hosts online and send them your resume. If you use Airbnb as a guest for your vacations, try to start a conversation to see whether they need property management or not. Even if they currently don’t need a property manager, ask them to connect you with other hosts they know and are seeking help.
It’ll definitely take some time, but stay focused and patient; a good opportunity will knock at your door sooner or later.
2. Convince the Clients to Hire You
Big and famous companies offer homeowners the best property management services, so why should clients choose you? That’s the question “you” have to answer!
Clearly, having an Airbnb hosting experience will help you so much. If you are an Airbnb host, tell them about your hosting skills, show them your positive reviews, and let them talk on your behalf. If you were an Airbnb Superhost back in time, make sure to mention it.
What if you don’t have any hosting skills? Let me be honest with you; it will lower your chance a little bit, but don’t let this deter you and destroy your self-confidence. Being optimistic and having a confidential attitude will help you to gain clients’ trust. It’s highly recommended to participate in different hosting courses. These courses will enable you to improve both your skills and resume!
Offer a lower rate to tempt clients to hire you. Don’t worry; you can charge higher rates after having a couple of real-world experiences.
3. Design Your Business Plan
In the next level, after you successfully attract a client, you need to spend a couple of days designing your business plan as an Airbnb property manager. Not considering a business plan can turn your job into ashes! So, it’s really, really important to know what you’re going to do and how you want to manage another person’s property exactly.
Make sure that your business plan answers all the following questions:
- Who will be in charge of cleaning and maintenance works of the property, and how they’ll be done?
- How to manage check-ins, check-outs, and greetings?
- What do you do to market the owners’ listings on the website to get more bookings?
- What services do you want to add or improve?
- What can you do to get more positive reviews?
- What are your strategies for unexpected situations and displeased Airbnb guests?
- In what format you’re going to send your reports to the owners?
- How much commission do you want to charge the property owners for your Airbnb managing services?
4. Use Vacation Rental Software
Getting help from software that is exclusively designed for automating repetitive tasks is the key to saving your time and reaching higher efficiency. Don’t be afraid of getting a hand from technology. This software is simple and user-friendly, so you won’t face too many challenges in learning how to work with them. Just search it online, read the reviews, and find the best one for your needs.
Altogether, starting a career path as an Airbnb property manager is the best choice for people interested in the short-term rental industry and passionate about communicating with people and hosting them. It’s a low-risk job that doesn’t require huge investments, and you can also make a lot of money. However, the Airbnb property manager’s potential salary amount depends on multiple factors, but their average yearly salary is around $58,000, a considerable number!
What do you think about Airbnb property management? Do you find it a challenging job, or is it worth it in your view? Please share your thoughts and ask your questions in the comment section below.