Managing your own Airbnb properties can be challenging
Property managers that are responsible for Airbnb properties face a unique set of challenges that regular property managers do not really face.
However, there are ways for property managers to make the process easier and more efficient.
The best way is to invest in a vacation rental property management software. This kind of software solution makes a vacation rental business much more efficient and aids in the growth and expansion of the business
In this guide, we will be listing all of the software you will need to run your Airbnb business as well as some recommended partners that we at Stayful use personally.
To begin, let’s go over some of the benefits of using this kind of software in your vacation rental business.
Channel Management Software
A channel manager enables the process of managing online travel agents (OTA’s) and other online distribution channels through which rooms are sold online.
A channel manager is a piece of software that connects your property to OTAs and synchronises availabilities and details across all platforms. It is the most cost-effective way to put your property in front of the biggest audience!
What Are the Benefits of Using a Channel Manager?
Avoid double-bookings
Streamline your admin
Simple Management & Full Control
Optimise How You Work With OTAs
Advertising your property on OTAs
More OTAs = more bookings
More Direct Bookings
Local reach
Stayful Recommendation
We recommend using Uplisting, they are very cost effective and we have always used uplisting from the beginning and never had any issues.
Cleaning Software
Cleaners are a vital part to running your Airbnb business, you need to be able to find quality, local cleaners that can follow a regimented check list to clean your Airbnb property, if you fail to get this part right, you will be left with negative reviews, which will de rank you and cause bookings to dry up or in worst cases your business to fail.
Benefits of cleaning software
Find quality cleaners.
Create schedules.
Create work flows for cleaners.
Upload photos of finished cleans.
Stayful Recommendation
We recommend using Turno, Turno’s Marketplace connects short-term rental cleaners to hosts and property managers looking for local service providers.
Cleaner Marketplace includes:
Bid on new vacation rental cleaning jobs in your area.
Set your prices, negotiate services, and tailor your rates.
Get paid automatically after each Marketplace cleaning job.
Market your cleaning services with a professional profile.
Pricing Software
One of the best ways to boost your Airbnb listing’s performance is to upgrade your pricing strategy. Simply put, if you’re not updating rates regularly, you’re leaving money on the table.
But applying a data-driven dynamic pricing strategy doesn’t require extensive revenue knowledge or a lot of time.
By leveraging an Airbnb pricing tool, you can incorporate a huge amount of market and competitor data and automate your entire pricing process, thanks to integrations with property management systems and booking channels like Airbnb and Vrbo.
Put simply, having pricing software is essential to run your Airbnb business effectively.
PriceLabs
Although PriceLabs’ interface isn’t the most polished in the marketplace, their customisation options are top-of-the-line.
PriceLabs allows you to set rules based on occupancy and booking window, plus you can customise pricing for orphan days and set cascading discounts and length of stay restrictions.
The color-coded demand calendar shows your market’s peak dates, and a variety of market dashboards are available to help you better understand your area’s supply and demand patterns.
PriceLabs has no geographic limitations, so all hosts can use the software.
Stayful have always used pricelabs and is an essential tool for our Airbnb management.
Market Research Software
Being able to accurately estimate revenue, profits & locations for Airbnb is essential for growing an Airbnb business, we recommend to use Airdna, this is a free online research tool that analyses any potential Airbnb investment opportunity.
Benefits of using Airdna
Insights for every step of your short-term rental journey—from investment research to hosting tools.
Global coverage: Research markets around the world with a single subscription.
Historic, current, and future market trend insights.
Market investability score to help you quickly and easily identify the best investment locations.
Search by market type to find the perfect investment area (even if you’ve never heard of it before).
Up to 5 years of historical data, giving you a vital picture of market trends over time.
Six months of future-looking data showing real-world booking activity and demand.
Partnering With an Airbnb Management company
While managing an Airbnb property can be a rewarding experience, it can also be time-consuming and challenging, especially for those new to the world of short-term rentals.
To streamline the process and ensure the success of your Airbnb venture, consider partnering with a professional Airbnb management company.
These experts can handle a wide range of tasks from:
Listing optimisation.
Pricing strategies.
Guest communication.
Housekeeping.
Chasing for reviews.
By delegating these responsibilities to a dedicated team, you can free up your time to focus on other aspects of your business or personal life, while still benefiting from the rental income generated by your property.
Experience
Airbnb management companies often have extensive experience in the industry, allowing them to leverage their expertise to maximise your property’s performance.
Insights
They can provide valuable insights into market trends, pricing adjustments, and guest preferences, helping you to stay ahead of the competition and maintain a consistent stream of bookings.
