Cape Town has become a tourist hub, not just for short term vacation travellers, but also for remote workers and business travellers who typically rent out Airbnb properties. Often, investment properties stand vacant for extended periods of time only to be occupied for a couple of weeks in a year when the owner goes on an annual holiday. The owner then ends up spending half the holiday on maintenance and running around trying to find suppliers and contractors to assist with the upkeep instead of resting and enjoying the vacation. What a headache!
Apart from the frustrations, this doesn’t make financial sense either. This property which stands mostly vacant can in fact be an all year round income spinner if managed by an efficient and successful AirBnb management company. Here are 4 benefits of using an AirBnb management company:
1. Mitigate the security and maintenance risk
Letting your property stand empty for months at a time is a security risk for burglars as well as a maintenance risk. Allowing guests to Airbnb rent it all year round, increases the safety of your property as well as your earning potential.
2. Maximise your return on investment
Owning an investment property and renting it to strangers can seem risky and daunting to any property owner. However, appointing a full-service AirBnb management company makes it extremely easy and provides a great return on your investment. Appointing specialists in this field will allow you to sit back and have your property work for you.
It’s important to remember that the Airbnb management company is likely to charge a nominal fee of the rental fee (after channel commission) but it really is worth every cent for you to be hassle-free.
3. The AirBnb management company will market your property
One of the biggest challenges for a property owner is finding guests, advertising, at what price point to rent at and how to do it professionally to get excellent testimonials and recurring business. Not every AirBnb management company will offer you this value-add service to the same degree but you naturally have access to a bigger audience when working with a management company.
Learn more about our creative property marketing strategies.
4. Leave the headaches at the door
Lastly, a good AirBnb management company will manage everything needed to turn your property into a unique and successful vacation rental. The end to end service range could include:
- Preparing your property to become a luxury accommodation destination
- Guest management, including bookings, enquiries and communications
- Cleaning, laundry and restocking
- Maintenance
- Interior design packages suitable to your property
- Professional photography
- Channel marketing on platforms like AirBnb and Booking.com
- Price optimization
- Owner portal with real time property performance information
Experience these benefits for yourself
Book a free consultation with us and discover for yourself how Lykke Living can help you turn your investment property into a lucrative business.
