Start An Airbnb Management Company - Business Ideas
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
An Airbnb management company manages every aspect on behalf of an owner and manages a complete day-to-day running of a rental property.
The services offered by the Airbnb management company include: marketing a property, optimizing financing, meeting and greeting guests, repairs, maintenance, and cleaning.
An Airbnb management company fee structure is generally based on commission, flat rate, and guaranteed income.
Airbnb management companies can easily increase the Rental Income by a minimum of 30% to 50% without compromising guest experiences.
To become an Airbnb property manager, one should be able to find homeowners who will be interested in the services offered by you. Airbnb property managers can make an average annual salary of $55,000 or $27 per hour.
Starting an airbnb management company requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell airbnb management services, or selling airbnb management services online, you can use this page as a guide for everything you'll need to know.
Want to learn more? You can check out our full guide on how to start an airbnb management company ➜
Key Stats
Startup Costs
Min Startup Costs | Max Startup Costs | |
---|---|---|
Office Space Expenses |
$0 |
$7,000 |
Training & Education Expenses |
$0 |
$1,000 |
Software Expenses |
$0 |
$594 |
Advertising & Marketing Costs |
$0 |
$2,750 |
Website Costs |
$13 |
$215 |
Specific Industry Expenses |
$0 |
$100 |
Total Startup Costs |
$13 |
$11,659 |
Case Studies
Successful Businesses
Business | URL | Rank | |
---|---|---|---|
Login • Instagram |
https://www.instagram.com/sashasoyon/ |
22 |
|
Airbnb |
airbnb.co.in |
6,668 |
|
Mashvisor |
mashvisor.com |
23,721 |
|
Guesty |
guesty.com |
49,022 |
|
Evolve Vacation Rental |
evolvevacationrental.com |
54,526 |
|
iPropertyManagement.com |
ipropertymanagement.com |
108,437 |
|
PriceLabs |
pricelabs.co |
137,025 |
|
Airbnb |
airbnb.co.id |
178,582 |
|
Gibson Dunn |
gibsondunn.com |
291,762 |
|
Lincoln Property Company Apartment Property Management |
lincolnapts.com |
326,363 |
|
Mode Comfy |
madecomfy.com.au |
343,962 |
Pros & Cons
Pros | Description |
---|---|
Flexibility |
You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own. |
Ability to start your business from home |
It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning! |
Little startup costs required |
The cost to start a airbnb management company costs significantly less money than most businesses, ranging anywhere from 12 to 11,659. |
Rewarding work |
Starting a airbnb management company can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about. |
Scalable |
With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers. |
Traffic to your website |
A airbnb management company gives people a reason to visit your website and to keep coming back to you! |
Cons | Description |
---|---|
Crowded Space |
Competition is high when it comes to your airbnb management company, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies. |
Constant maintenance of publication |
You may find yourself constantly needing to update your airbnb management company in order to stay relevant for your audience and for those searching on google. |
Lack of benefits |
With a airbnb management company, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming. |
Isolation |
Often times, as a airbnb management company, you typically work alone and do not have much face-to-face interaction with other team members. |
Taxes |
As a airbnb management company, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it. |
No safety net |
Typically, as a airbnb management company, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times. |
Marketing Ideas
-
1
Affiliate Program
Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.
Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.
The affiliate typically gets a unique link where clicks and conversions can be tracked.
-
2
Direct Sales
Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.
For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.
-
3
Word of mouth
Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.
Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.
According to Nielsen, 92% of people trust recommendations from friends and family.
Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings