Reasons for Hiring Professionals for Short Term Accommodation Management

Are you planning to rent your property for short term accommodation but feeling overwhelmed because you will have to manage everything on your own? Hiring a property management company can be the perfect solution for you. In this blog we will discuss the benefits of entrusting your short term accommodation management in Cairns to a professional property management company. 

What is Short Term Accommodation Management? 

This phrase describes the overseeing and management of temporary rental properties through property management services. The property managers or the company responsible for overseeing these rentals are required to finish a lengthy list of daily tasks related to various operations.

• Overseeing property advertisements and reservations

• Tidying up

• Managing the process of guest arrivals and departures

• Maintenance and repairs for properties

• Communication with guests

• Management of reviews from guests

• Advertising and many other things 

The primary objective of short-term property management is to ensure seamless business operations, provide guests with a top-notch experience, and boost the ROI on your short-term rentals.

Factors to Consider  While Hiring a Property Management Company:-

Experience and Expertise

A property management company will have a team of experts who are very well versed in managing short term rentals. They will advertise and market your property and will also do the screening of potential guests properly. They will ensure that your property goes in good hands. 

Array of Services 

A property management company offers a wide range of services like property listing, guest communication, cleaning service and maintenance. Thus outsourcing your short term rental duty to them you can ensure that your property will be well-maintained. 

Setting the Right Rental Rates 

Although checking classifieds for rental prices is helpful, a reputable property management company will perform a detailed market analysis to establish the ideal rent for your property, striking a balance between maximsing incomes and minimising vacancies.

Finding the Right Tenants 

Skilled property managers excel in locating and assessing tenants, handling tasks such as obtaining criminal background and security checks, conducting credit reports, confirming employment, and gathering past landlord references for potential tenants.

Collecting Rents on Time 

Getting payment from clients can prove to be quite challenging, not to mention uncomfortable. Property management companies utilize effective, reliable systems to collect rent and ensure timely payments. If you only have a few properties, it is essential to ensure timely payment collection to sustain your cash flow.

Maximise Occupancy Rates 

One important advantage of hiring a property management company is their capacity to optimise occupancy rates. Utilising their knowledge in marketing and pricing tactics, they can assist in maintaining a steady booking rate for your property, ultimately leading to increased rental earnings for you.

They Have Local Knowledge 

A good property management company will have proper knowledge about the local market including the terms, regulations and preferences of the customers. This knowledge is really helpful in ensuring that your property is competitive in the market place and properly meet the requirements of the target audience. 

Attributes of a Top Property Management Company 

• Property will be posted on top platforms 

• Revenue Optimisation

• Have good client reviews

• No lock in contract 

• Investment setup 

Final Thoughts 

Handing over the responsibility of managing short term accommodation rent of your property to a property management company can help you save time and effort, as well as guaranteeing the upkeep and profitability of your property. You can contact AIRBNB Real Estate, one of the top property management services in Cairns and enjoy the advantages of expert management services for your short term rental.