8 Airbnb Management Company Success Stories [2023]
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.
Here are some real life success stories of starting a airbnb management company:
1. Host Butlers ($420K/year)
Gary Fox, founder of HostButlers, came up with the idea for his business while staying in various Airbnb rentals during a trip to Washington. After experiencing mixed hosting experiences and realizing the time-consuming nature of hosting, he saw the opportunity to create a professional property concierge service for Airbnb hosts. He validated the idea through a SurveyMonkey form and launched the business with a basic website, targeting potential hosts during a tech event in Dublin. One article in The Irish Times changed the future of his business, resulting in a flood of inquiries and customers.
How much they make: $420K/year
Current team size: 4
HostButlers is Ireland's first professional property concierge service for short-term rentals on Airbnb, boasting over 200,000 hosted guests and profitability from month 5.
2. Home Sweet City ($3.24M/year)
Lara and her husband started Home Sweet City during the 08/09 crash when they needed to generate income. Starting with their own basement on Airbnb, they quickly realized the potential and scaled the business to now managing 75 properties and generating a $2.7M+ annual turnover. They have been able to create a profitable and flexible business while being present for their young family.
How much they make: $3.24M/year
How much did it cost to start: $2K
Current team size: 6
A D.C. based full-service short-term home rental management company that began out of a small studio earning $2.4k-$3k per month has now grown to managing 75 properties, generating a $2.7M+ annual turnover, with plans to roll out a digital product, proving that testing an idea in the cheapest and fastest way possible can lead to success.
So... can you actually make money with a airbnb management company?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesnβt.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
3.
Login β’ Instagram ($16K/year)
How much they make: $16K/year
Current team size:
4. Our Rich Journey | Sharing Ways to Achieve Financial Independence & Retire Early (FIRE) ($102K/year)
How much they make: $102K/year
Current team size:
So... can you actually make money with a airbnb management company?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesnβt.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
Something went wrong...Hey! π I'm Pat Walls, the founder of Starter Story.
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