Having holiday rentals is a full-time job and working with management companies or services providers will help you manage your property. It will also help you in providing an excellent service to your guests and save a considerable amount of time. In this article you will find a comparison between managing your apartment alone, managing with external service providers, or directly with a management company.
How these 5 companies will improve your rental management in Barcelona
When you have a holiday rental, one of the first things you should think about is if you have enough time to manage it on your own, or if you would like to leave it to a management company who will take care of everything for you, in exchange for a commission on the revenue generated. Usually, the industry standard for the commission is about 20%, but it can always vary depending on the offered services and specificities of local markets.
If you decide to go with a property management company, you should have a look at our dedicated article: what you should expect from a management company, to get a better idea of the fundamentals of holiday rental managers. In brief, you want to make sure that they are trustworthy, guest-oriented, take good care of your apartment and are ready to embrace innovation.
If you decide to manage your apartments, we still advise working with service providers such as a maintenance team, laundry and cleaning services. They do have a cost but will help you provide a fast and consistent service to your guest.
Problems occur more than you might expect in apartments, for example, water leaks, issues with the boiler or with the electricity, thus, you should always be ready to intervene. Having a repair team is helpful, especially if they are ready to intervene as soon as there is a problem in an apartment, even a small problem could ruin your guests’ holidays.
If you would like to have more information regarding the kind of maintenance company you should pick, you can click the previous link to learn more about it and download our free guide on how to choose your perfect maintenance team.
Getting cleaned sheets and pillowcases, as well as fresh towels, is part of the cleaning process. If you have a few apartments, having a service dedicated to that could be useful as it could take a lot more time to wash, dry and iron every item at the accommodation itself before new arrivals. Having a laundry service can come in handy and will benefit you in terms of timing.
They will even come and pick up dirty laundry from the apartments and deliver clean linens, towels after the check-outs which will make the check-in and check-out processes smoother.
Cleaning is one of the most important factors regarding your guests’ satisfaction. If you read Airbnb reviews, you will notice that all guests pay attention to it and it plays a big role in the way they feel about your property.
There are 3 ways to handle the cleaning. You can either do it yourself, hire a personal cleaner or work with a laundry company.
For the last two cases, it is important to make sure that you have well-trained cleaners. We know that it is easier to trust a personal cleaner that you get to know with time, however, they don’t offer as much flexibility as a company which probably explains a higher cost.
You set your preferences
We know that some owners do not take into consideration those extra costs of managing their apartment and are therefore not willing to pay for them. However, it often becomes a necessity with time, especially when owning more than one apartment.
In that situation, we are only one step away from getting the services of professional holiday rental management company that will also take care of the reservation process, check-in and check-outs, and coordination of external providers. This also does come with a cost, but this cost will be partial, if not fully compensated by higher revenue due to more efficient yield management.
Curious about how much we would be able to generate with your apartment? Click the button below to get a forecast for your apartment.