Property

The property management software for AirBnBs and vacation rentals

Lumiform property management software offers these tips for maximizing the financial potential of your vacation rental…

Main Image: Unsplash

Whether your property is listed as a private room or an entire venue, streamlining processes and actions is important to help you get the most out of your investment.

From everyday things like color on the walls and coffee table positioning, to investing in building management software – a great tool that can help track and record your energy usage, maintenance schedules and security systems from one centralized platform — there can be some pretty easy-to-miss opportunities that will help you run your Airbnb more efficiently.

If you’re looking to improve your effectiveness as an Airbnb manager, here are some things to consider.


Manage your vacation rental with property management software
-Andrea Davis/Unsplash

First impressions

They say you should never judge a book by its cover, but people make a first impression within the first seven seconds of seeing something.

This means that the way you present your ad will have a huge impact on its performance.

Pictures

People looking to rent an Airbnb will largely make their decision based on the photos provided by the owner.

Try to ensure that all rooms are well lit and immaculately clean and uncluttered, nothing will put people off like a mess.

Try to capture rooms from corners or doorways to make sure they look as big as possible. Don’t include too many unnecessary images and try to avoid repetition.

If all of this sounds overwhelming, then that’s okay. In fact, Airbnb actually offers a professional photography service.

Pricing

If the price of your accommodation is too low, you risk missing out on potential additional income, while a price that is too high will leave you without any reservations.

A great way to get a good idea of ​​the price is to check properties in your area. This will allow you to match your price with similar properties, and even beat the prices of nearby “premium” properties.

Description ad

Keep the ad description light and informative so more people can engage with it. Remember that it can be off-putting to include too much information.

Avoid misspellings and break up text to avoid large chunk of text for mobile readability. Having someone look at and edit your description can also be extremely valuable.

Efficiency is key

The time element is one of the crucial elements often overlooked by people looking to make full use of their properties. It’s super easy to list your property, get great photos, write an awesome description and go!

Managing a property can be time consuming, eating away at your profit margins. Whether you use property management software to manage the data or do it all yourself, there are three key things to grasp in order to maximize your efficiency.

Organization

If you work full time and rent out your spare room to visitors, cleaning and making beds in your spare time can quickly become a drag.

Make sure your cleaning supplies are stocked and easily accessible. Keep track of linens and deliveries with a well-organized store closet that has clearly labeled areas.

If you use cleaning companies, laundry services, and maintenance crews, try to consolidate them into one space and empower your crews to be as efficient as possible. Time is money.

Preparation

Save your supplies and cleaning supplies to ensure a quick turnaround between guests.

Creating a checklist for guests to follow when they leave is a great time saver. This way, the property will be left in the right condition for the cleaning crew to start work immediately, which is an incredible time saver after several changes.

It’s the little things that matter

If you have a unique property with interesting features, then look into it. Airbnb is known for quirky and idiosyncratic properties, and you may be able to charge more for your space.

Filling an area with collections or themed rooms can be a great way to generate interest and get the word out about your property.

Supplements

If you have special skills, offer people experiences and lessons. Woodworking, pottery, interior design – all of these can be used to create additional salable experiences during someone’s stay.

Every successful Airbnb is unique and interesting, and hosts can be a big part of that. Don’t be afraid to speak up and offer your local knowledge and insight as a guide.

If you play a sport, offer your services as a trainer or simply create a local restaurant guide for your guests. Going the extra mile can really make a difference in reviews.

Tailor your property to your target audience

If you’re downtown, decorate your Airbnb with local produce and art.

Include a flyer or information area where your guests can find out what’s happening nearby or where the best museums and galleries are. Try to provide workspaces for people who will be working during their stay.

If you’re near some of London’s amazing parks, create running routes, point out private swimming spots and great dog walks.

Help your guests rent bikes or see if you can negotiate a deal with local shops – If you make it as easy as possible for people to enjoy their stay, you’ll get great reviews.

For more information visit lumiformapp.com

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