Did you know that 60% of leisure travelers prefer Airbnb over hotels? It’s true! Airbnb has changed travel worldwide — and Tampa Bay is no exception.
Tourism is massive in Tampa. According to a study by Visit Tampa Bay, tourism in The Big Guava raked in $6.9 billion in 2019. Revenue is already poised to surpass that in 2022 as tourism ramps up post-pandemic.
There’s no doubt that Tampa is a great place to host an Airbnb. The most successful Airbnbs in Tampa use Airbnb property management Tampa to boost bookings and drive revenue.
Are you looking for a great Airbnb property management company in Tampa? Keep reading for tips on what to look for in a property manager.
Benefits of Working With an Airbnb Property Management Company in Tampa
If you own an Airbnb in Tampa or are thinking about starting one, take some time to consider what you hope to gain from your investment.
Is it to earn passive cash flow to supplement your income? To offer guests a fabulous experience in a beautiful city? To enjoy the benefits of a stable real estate investment?
These are all great reasons to host on Airbnb! Sadly, too many hosts realize their fun side hustle and passive income source can be a lot more work than they realized. That’s why working with an Airbnb property management company is essential to maximizing your investment.
There are two huge benefits to working with an Airbnb management service: saving time and making more money. Keep reading to learn more.
Using a Property Manager to Save Time
Property managers handle all the behind-the-scenes work for you. This means they handle cleaning, take payments, manage the books, communicate with clients, post your listings, and more.
Handing off the busy work means all you have to do is kick back and collect the checks. Talk about passive income!
More free time also means you can focus on the big picture.
How will you improve your Airbnb so you can raise prices? Will you invest in another Airbnb? When you’re free to focus on money-making activities, you can use your resources to take your vacation rental business to the next level.
Using a Property Manager to Increase Revenue
Speaking of money-making activities, working with an Airbnb property manager can significantly increase your revenue.
Your guests will receive excellent customer service every time. They are guaranteed spotless cleaning before and after each booking, prompt communication with all inquiries, seamless check-in and check-out, and more.
Positive reviews are the backbone of your Airbnb business. When you provide excellent customer service that doesn’t miss a beat, you will enjoy more positive reviews and fewer negative comments. And those will lead to a whole lot more bookings.
What Does an Airbnb Property Management Company Do?
We’ve covered some benefits of working with an Airbnb property management company, but what exactly do they do? What services can you expect to receive when you work with a property manager?
In short, your Airbnb property manager will handle logistics and day-to-day activities that keep your business running smoothly. Let’s go into the services you can expect.
Create Your Listings
Posting a stellar Airbnb listing takes more than posting a few photos and a couple of sentences about the space. If you want to maximize your profits, it starts with posting a captivating listing that stops the scroll. The most-booked Airbnbs have professional photos, accurate and vivid descriptions, and a great name.
When working with a quality property manager, you don’t have to guess or wing it on your marketing. You can lean on professionals who use proven strategies to get your listing clicked.
Manage Listings
Airbnb is the most popular vacation rental platform, but overlooking some other big players could cost you.
VRBO sites have 44 million site visitors each month. TripAdvisor has approximately 340 million.
Those are only two examples of travel booking sites travelers use to find lodging just like yours. There are many more out there. Failing to book on sites beyond Airbnb could cost you thousands of missed opportunities.
But who wants to juggle all those listings? What if you’re getting flooded with messages on multiple platforms simultaneously? A property management company is dedicated to managing listings and communication across platforms.
Guest Communication
Did you know that to qualify as an Airbnb Superhost, you must respond to 90% of booking-related messages within 24 hours? If you have a busy lifestyle, this is a lot easier said than done.
Guests expect prompt answers to their questions. If they don’t hear from you right away, they may decide to book with someone else. If they don’t get immediate responses during their stay, they might leave a bad review.
A property management company will handle all the communication for you to keep your guests happy and prevent missed opportunities.
Pricing
Pricing correctly means walking a fine line between pricing too high or pricing too low.
If you overprice your listing, you’ll get fewer bookings. If you underprice it, you won’t earn as much as you could. Pricing too low can also be a red flag to travelers.
An Airbnb property management company uses strategies to price your Airbnb correctly. In addition to that, a good property manager will analyze the market and use strategic promotions and discounts to keep bookings up in the off-season.
Property Maintenance and Repairs
A leaky faucet. A stuck window. A broken toilet.
Maintenance and repair issues will seriously detract from your guest’s experience. Remember, your guests are on vacation. They want to relax — not deal with a handyman coming into their space to fix things.
Working with a reputable property manager means all repairs and maintenance will be handled between bookings, so you and your guests don’t have to worry about them.
Property Cleaning
Guests expect to stay in a clean space. Reviews mentioning dirty accommodations are a huge turnoff and will cost you bookings.
Even if you love cleaning, it can be challenging to keep your Airbnb spotless. A property manager will handle the cleaning for you.
Accounting
A property management company handles your accounting. They keep track of incoming and outgoing expenses, make payments on your behalf, and keep a detailed log of your financial information. This is one less thing you have to worry about so you can enjoy your Airbnb as a passive investment.
What to Look for in an Airbnb Property Management Company in Tampa
Are you looking to hire a property manager in Tampa? Working with a reputable, experienced company will make your Airbnb more profitable and enjoyable.
Full-Service
All the services listed above work together to maximize your profits from your Airbnb. It helps to work with a full-service company that can handle all the details. When you work with one company that knows your property’s ins and outs, you get a more streamlined experience, saving lots of time and hassle.
Experience
When choosing a property manager, look into the history of the company.
How long have they been in business? How many properties do they serve? Are there any reviews or testimonials from other clients you can read?
Ask them about their track record. They should be able to provide you with examples of how their services have increased bookings or revenue for other Airbnbs. Check out their Airbnbs online, check the ratings, and read the reviews.
Customizable Options
Does the property management company you’re considering offer one-size-fits-all servicing or a menu of customizable options? Each Airbnb is unique, so don’t get stuck paying for services you don’t need. Be sure to work with a property manager who will take the time to listen and learn about your needs and create a customized management solution to fit your needs.
Reasonable Pricing
Make sure the property manager you choose to work with offers reasonable pricing. Some property managers charge a fixed monthly fee, while others take a percentage of each booking. Neither is right or wrong, but take the time to research market rates and negotiate with the company to come to an agreement that works for you.
Before meeting with a property manager, know your budget. Crunch the numbers to determine how much you can afford.
Emperor Airbnb Property Management Tampa
For trusted Airbnb property management in Tampa, look no further than Emperor Airbnb Property Management Tampa.
Emperor is the best property management company in Tampa. We are a full-service property manager specializing in effective listings, pricing, client communication, cleaning, maintenance, accounting, and more.
We have been in business for five years and manage 23 Tampa properties on Airbnb. All of our properties have earned Superhost status.
Are you interested in increasing your bookings and revenue with Emperor Airbnb Property Management? We’d love to hear from you.
Please fill out our online form for a free property evaluation today!