5 signs why you should hire an Airbnb property management company
Airbnb property management is a tremendously profitable business. Whether you’re new to airbnb, thinking about getting started, or an experienced investor with a portfolio of rental properties, you’ll probably need some assistance at some point. There will be days when it feels like it’s all too much, just like any other work, but there will also be times when it’s very much worth it. We can help you feel rewarded and happy all of the time at Votiko Property Management. After all, that is our work, and we like it tremendously. In our most recent blog, we look at how you can better understand and overcome some of the day-to-day issues that landlords experience in order to make Airbnb property management work for you.
We are well aware of your airbnb property management requirements.
What’s best for you is very dependent on your unique circumstances. We examine five telltale signals that you may want the services of a professional property management business.
1. YOUR PHONE IS OFF THE HOOK AND RINGING
You should be available 24 hours a day, seven days a week as a property landlord. To put it another way, it comes with the territory. You could be dealing with phone calls from prospective tenants booking viewings or receiving calls from sitting tenants about repairs or inspections on any given day, whether you’re a long-term let landlord or someone managing short-term and holiday lets; agreeing key handovers or phoning around to find quality cleaners for a last-minute booking; chasing up tradesmen or arranging safes for your tenants. Being a landlord necessitates superior communication and organisational abilities, as well as the time to put them into effect. Then, of course, things might go wrong. You may, for example, be required to respond to late-night emergency calls from tenants or neighbours.
And keep in mind that this isn’t your regular work. If you find yourself squirming every time the phone rings, it’s time to hire a property management business. They’re ready around the clock to properly manage any difficulties that arise when you can’t be there, leaving you free to focus on your other responsibilities.
2. YOUR LANDLORD’S RESPONSIBILITIES TAKE UP WAY TOO MUCH OF YOUR TIME.
It’s true that some people flourish as landlords, relishing the high level of multitasking and possible juggling act required to keep things operating smoothly. Others may find the frequent demands to be too much, especially if they begin to interfere with their principal career or family life. Furthermore, you must account for any travel time between your properties, which may be unlike by nature, and if you have numerous properties, your duties will be compounded. If you feel like you spend the majority of your day working on your properties, booking cleaners or rolling up your sleeves to do things yourself, arranging maintenance or repairs, trying to find a reputable tradesman, or arranging and accompanying viewings, then your landlord responsibilities are becoming overwhelming. This is a clear indication that you should hire a professional property management company.
3. YOUR VACANT PERIODS ARE LONGER THAN EXPECTED.
Vacant periods are always costly. While a week between long-term rents is fine and allows for routine maintenance, deep cleaning, or other maintenance work, longer and more frequent times of vacancy are simply a waste of money. If you’re having trouble with this on a regular basis and can’t figure out what’s causing it, you’ll probably need the help of a professional Airbnb property manager to get back on track. They’ll make sure that any property is correctly advertised, at the right price, on respected property search sites, and targeted at short-term and long-term residential tenants. A property manager checks prospective tenants swiftly and effectively, resulting in more repeat short-term let bookings and ensuring that your property is well-cared for throughout the time of the lease.
4. YOU’RE HAVING PROBLEMS GETTING PAID ON TIME
It can be time-consuming and costly to chase down rental payments and deal with migratory tenants, especially if there is a negative impact on your cash flow. If you’re a short-term property owner, your tenants are likely to pay their rent in advance, but you’ll still need to manage and handle deposits if you’re a long-term landlord. Landlords of long-term rentals collect deposits and deposit them in a government-approved tenant deposit scheme. If you’re having trouble getting rent paid on time and are worried about it, it’s a solid sign that you need a professional property manager. A tenant’s behaviour can often be influenced just by having to deal with a professional third party – but you can rest assured that your property manager is trained to handle any landlord-tenant problem and will recognise when a situation demands legal intervention.
5. ARE YOU CONFUSED ABOUT PROPERTY LAW?
Do you have a thorough understanding of the terms of a Private Residential Tenancy Agreement? Is it necessary for you to register as a private landlord? How often can you lawfully increase your rent? Are you aware of a proposed change in the law regarding short-term rentals? That’s a lot to take in, and the private rental industry in Scotland is governed by a lot of legislation. This is especially significant for landlords who are based elsewhere or who have many properties in different places. If you’re operating unlawfully, even if it’s by accident rather than design, you could face legal consequences. I To ensure that you, your home, and your renters are all compliant, an accredited lettings agency will work within all current legislation and apply current best practice.
FOR ALL OF YOUR PROPERTY MANAGEMENT NEEDS, IT HAS TO BE ELITE.
We can handle all of your airbnb property management needs, including listing and pricing your property, key exchange, cleaning, laundry, and maintenance, so you can sit back and relax as your rental income grows and your visitors are satisfied with the service they receive. So, what do you have to lose? If you have the property, we have the Airbnb property management skills to get things up and running for you, so you can reap the financial rewards. To learn more, please contact us immediately.
