At Ayvio, we deal exclusively with short-term rentals. People who have homes that they want to rent out typically have one of two choices. They can rent it out via a traditional long-term lease. This process involves finding tenants and signing lengthy contracts. Alternatively, sites like Airbnb and Vrbo let people rent out their homes for days instead of months or years. Typically, renters who peruse these sites are tourists looking for a place to stay temporarily to check out the city and experience it like a local.
Renting your home out with Airbnb can be quite lucrative, with some homes in high-demand areas fetching as high as $3,000 per week. However, there are also a lot of expenses and complications that come with that income. As the landlord, you need to find ways to give the keys to renters, clean the building in between guests, and perform any repairs for damages. These expenses eat away at your profit and can also make managing your Airbnb home seem like a full-time job.
Many people turn to dedicated Airbnb property managers to handle these day-to-day tasks for them. Having a dedicated property manager means you can passively earn Airbnb income without having as many headaches.
At Ayvio, we maximize your Airbnb income (as well as income from other sites like Vrbo). While we do manage your Airbnb properties, we are not like traditional property managers. Our unique way of managing and marketing Airbnb properties is transforming the Airbnb property management space. We’re not just about managing homes. We’re about creating experiences for guests and maximizing Airbnb income for our partners.
The Problem With The Traditional Airbnb Property Management Model
To make owning an Airbnb rental easier, many owners would turn to professional property managers. These companies would list the home on Airbnb, give the keys to guests, and handle any issues that arise during the stay. They’d do a little bit of clean up in between each rental.
In theory, this sounds like it would be beneficial to the property owner. In reality, there are problems with this traditional model.
The first issue is that Airbnb property managers often think like traditional property managers. The goal of the manager was to find stable tenants and perform the least amount of work needed to keep those tenants happy. A property manager might fix a leaky faucet with a quick fix that won’t last long-term, but it will maximize profit for now.
When this mentality carries over to Airbnb rentals, it doesn’t fit. Airbnb guests are not looking for their house (complete with all the standard everyday house problems). They’re looking for a fantastic experience and a place that they will remember. If they wanted something generic, they’d book a cheap hotel.
Second, property owners could tank their reputation by allowing a terrible property manager access to their home. If the manager doesn’t do everything required to prepare an Airbnb home for guests (e.g., they don’t clean the place properly between visits), then your rental income stream could suffer irreparably. Airbnb managers can sometimes be hit or miss in terms of talent.