RECOMMENDED AUSTIN AREA PROPERTY MANAGERS FOR YOUR SHORT TERM RENTAL
Outsourcing the day to day operations of your short term rental business to a professional management company is a great way to invest in the airbnb scene without the hassle of handling everyday operational elements by yourself. Managing a short term rental is a lot more work than managing a long term rental; thus STR management companies in the greater Austin area typically charge between 20-30% or gross rental revenues.
What exactly does a short term rental manager do?
Short term rental management companies…
handle guest communications
schedule professional housekeeping and maintenance
monitor and adjust pricing
provide monthly financial reports
manage property listings and bookings
market the property
request reviews
These may seem like simple tasks, but it is way more complex than you might think. Handling needy guest inquiries, problem solving an AC that won’t work in the middle of the night, or shutting down an unruly party occurring at your home are all routine tasks in the life of a short term rental manager. A good property manager will have systems in place to avoid these issues when possible, and proven strategies to diffuse these types of problems when they do inevitably occur. In an industry where one bad review can ruin you, choosing the right STR manager can make or break your airbnb. In general, going with a locally owned and operated property management company will provide you with the best experience and care.
Here are a few tips when selecting a property manager for your austin vacation rental:
check reviews and references
examine the property management agreement
make sure they have appropriate insurance
look for specialized experience
verify licenses and certifications
If you find a good management company you shouldn’t be doing anything but collecting a check every month.
