Run your Airbnb like a Pro

How to Successfully Manage Multiple Airbnb Properties

Making a healthy income through Airbnb is certainly an appealing prospect for many people. In the past five years, Airbnb has enjoyed an explosion of growth, and a staggering 448 million Airbnb stays and experiences were booked in 2023. With Airbnb’s success showing no signs of slowing down anytime soon, it’s little wonder that so many people want to join the site and start making money from their own properties. But if you want to take things a step further and manage multiple Airbnb properties, you may be wondering how to do so successfully. Here are some tips to help you get started:

Start With Research

Buying up properties is obviously expensive, so before you invest all your money in real estate, it’s important to pause and carry out some research. Starting slowly with your Airbnb purchases is an excellent way to get a feel for the market and a greater understanding of the business model without overcommitting yourself.

Starting with one property, monitoring its success, and calculating its Airbnb income over the course of an entire year should provide you with enough information to make an informed decision about your next properties. Seeing how much income the property generates throughout the different seasons provides valuable insight.

While conducting your research, take a look at other similar Airbnb properties in the area. How much are they charging? Are properties in the area in high demand? This can help you decide whether to continue investing in further properties in the same location.

Provide Excellent Communication

Once you introduce more Airbnb properties into your portfolio, it’s vital that you take extra care to keep on top of communication. You will likely receive many queries from potential guests before they book and even from guests while they’re at your property. Ensuring that you answer all of their queries promptly is vital to offering an excellent experience.

If you want to reduce the number of times you’re contacted by potential guests, it’s helpful to check over your listing to see if there is any information that is missing. If you’re receiving the same types of questions time and again, it may be worth adding these as a frequently asked questions section on your Airbnb listing.

Enlist Some Help

Some people purchase an Airbnb rental, thinking that it will be an almost passive income. However, when you start to own multiple properties it can become more than a full time job. If you are taking your Airbnb business seriously and hope to one day be a Super Host, you need to provide each customer with an exceptional experience every time. To achieve this, you’re going to need some extra help.

Recruiting a couple of team members to help you manage the properties is an excellent way to ensure that your Airbnb rentals are well maintained, clean, and that guests always enjoy a stay that surpasses their expectations.

It’s wise to introduce employee scheduling software to your Airbnb business to avoid confusion over check-in and check-out times at different properties and which tasks need to be completed at each. You can also use a labor cost estimator to ensure that you don’t overspend on employee wages and impact your profits.

Always be Prepared

Guests at your Airbnb can be unpredictable. They may run into problems during their stay or have multiple questions during their visit. They may even leave comments in their feedback that are completely unexpected.

Looking at your property from a guests viewpoint can help you ensure it is fully prepared for every eventuality and all your guests’ needs. Installing a key safe so your guests can let themselves in if they arrive for check-in early or late can help you avoid unnecessary trips to hand over the keys. Thoughtful gestures such as leaving coffee, milk, and cookies as a welcome for guests when they arrive at your property are also an excellent way to create a positive first impression.

It’s also helpful to prepare a welcome pack for guests. This could include essential information such as how to operate the air conditioning or heating and where to find fresh bedding and towels. Collecting pamphlets and brochures for local areas of interest and attractions is also really helpful for visitors.

Having everything ready for your guests and focusing on the little details that will make their stay extra-special is an excellent way to start earning those top-rated reviews, which are so important when you want to make your Airbnb business your main income source.