If you are looking to become an Airbnb property manager, then brace yourself for the journey ahead…
It won’t be easy… but it will be worth it…
When you are brand new, you want to know what does an airbnb property manager do…
Often times buy courses like Brian Page’s BnB Formula, The R.E.A.L system from Jorge Contreras, and others… once you learn the basics and are ready to become an airbnb property manager, you find there’s one problem… finding an owner that would hire you as an airbnb manager or an owner that will let you do airbnb or do “corporate rental” airbnb arbitrage is not always easy…
The number one skill you’ll need to learn is how to acquire new clients…
… but that’s just the beginning…
Once you start finding new clients you then need to figure out how much to charge for airbnb management… this will depend on what airbnb property management services you offer…
The biggest services airbnb property managers offer are getting more bookings, increasing revenue, vetting guests, and developing your very own airbnb superhost turnover checklist so that you can stand out in the market, get 5-star reviews and charge premium prices for a high quality service…
There’s no feeling when you sign your first cohosting agreement and secure your first property knowing that you are going to help that owner maximize the profit potential of their property!
That’s where the fun begins…
This is where many begin to learn their biggest entrepreneurial lesson… you can’t do everything yourself…
When starting out, sure, you will wear many hats, but if you attempt to grow with that model you can get to the point of burnout real quick…
For example, once you list your first home on Airbnb, you will start learning about revenue management. Whether you use a tool like AirDNA or Pricelabs, the point is that it’s yet another skill to learn…
You only have so much time so you will either cap your income by working until you have no more hours left in the day or you can learn how to build a real vacation rental management business by building teams so you can focus on becoming an Airbnb superhost and growing your airbnb management business…
As you scale you’ll begin to find that not all vacation rental owners are easy to work with… which is why you’ll want to pick a niche and focus on a niche so that you an attract the people you want to work with most…
It’s not the same managing a property for an owner that may want to be involved VS working with an investor who is willing to work with you as long as you help them increase their return on investment…
Your personality type may give you an advantage in your niche…
Use this checklist as a list of team members you’ll want to build eventually…
#1 Onboarding team – to do property walkthroughs, make sure the home has all ammenities, do safety inspections, take professional photos for marketing
#2 Guest experience team – to help guests book the property, respond to guest inquiries, and help the guest have an amazing vacation experience from pre-booking to post checkout
#3 Cleaning team – finding cleaners is not always easy, but you can subcontract companies to do the cleaning of the airbnbs.
#3 Maintenance team – when you only have a handful of properties and you can do handyman work or hire one things work fairly well… but when you start to scale past 10+ properties, you eventually have to have a team of maintenance personnel to respond to issues, especially if you have busy seasons in your market.
#4 Marketing team – to get more direct bookings, help you with owner acquisition so you can add more properties and scale your business to 6 figures and beyond…
Once you get going, you will want to find a niche you can serve and become known for.
If you are ready to start and grow a vacation rental management business and need detailed step by step instructions on how to do it then check out STR profit academy. (note, this is my affiliate link… If you join STR profit academy using this link, send me an email and we’ll set up a finding properties quickstart call)
Let me know in the comments below what you need help with most so I can point you in the right direction…
Cheers!
Hip Hip Jorge
PS. STR Profit Academy is the only course you need and far better value than others we’ve seen…
It’s a comprehensive course that walks you through everything from…
- How to secure other people’s properties to rent out on Airbnb
- Teach you money-making marketing techniques for your listings
- Hire the right people to take action on your vision
- Learn how to develop systems, standards and customer service to create a world-class hospitality brand… a must for long-term success…
- You’ll get the same blueprint used to grow an airbnb property management company to generate $10,000+ a month of recurring income…
- How to grow your airbnb business without owning or leasing any property
- How to automate your business with proven systems so you can enjoy more free time with family and doing the things you love
- How to manage airbnb remotely
- … and more!
