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What is an Airbnb management service?

An Airbnb management service is a company which manages seasonal lets (furnished holiday lets under UK law) on behalf of the landlord. They often include services such as meet and greet, cleaning, check out, ad creation and guest communication. Some holiday letting services will also put your ad on a range of platforms, to maximise your visibility and reduce void periods in your calendar. Airbnb is the most famous letting platform which resonates most with the public at large, which is why many rental management companies (SevenStays included) often refer to themselves as Airbnb management firms. However, this doesn’t mean that we only place your ad on Airbnb.

How can we help boost your income?

A key aspect of what SevenStays do is creating rental value. We always consider how we can let at a higher rate for our clients, as well as managing the logistics of a holiday let. We look at the factors influencing nightly rates – such as location, season and local events. However, a huge advantage of holiday rental property is that it can command high fees year round, due to its location. Successful holiday lets tend to be located in tourist areas, major cities or areas of beauty (e.g. coastlines, countryside, etc).

Our property experts will maximise the rental income for our clients, using our knowledge of the short lets market – securing more frequent bookings at higher prices.

Professional photos on Airbnb listings increase your visibility by almost double. Potential guests like to see polished-looking homes. Dynamic pricing is adapted to seasonal demand, to increase your earnings – during peak season, you can see a 20% to 40% increase in booking requests. Advertising your property on multiple platforms also leads to an increase in booking rates, minimising void periods.

How much do Airbnb management services usually charge?

Typically, a management company will charge around 20% of the nightly rate. There will often be an additional fixed fee added to each reservation, and which is used to cover logistical costs.

How much profit can I make?

This will vary from property to property, depending on region and specific property characteristics. You’re almost always going to make more money using a professional management service than handling the process yourself. For instance, imagine you let a property for £110 per night with an average occupation rate of 70%. You then hire a property management service which replaces your photos with professional ones, optimises your ad and places it across multiple platforms, and therefore increases your nightly rate to £120 and your occupation rate to 80%. That would equate to an increase of £2,360 per month – you earn more money without having to worry about the logistics yourself.