Airbnb has become so ubiquitous in Australia over the past 10 years that you’d be forgiven for thinking it had always existed. The revolution of short-stay rentals as a disruptor to the world of hotels and the rental market at large has left many opportunities for property owners to earn money from their investments in ways never considered before.
With that said, even 10 years in, there is still a lot of confusion about the Airbnb hosting experience in Australia, and what you can do to really get the most out of your Airbnb hosting experience. At Oasis Stay, we have been supporting the Australian Airbnb market for years, working with property owners across Melbourne, Mornington, Hobart, and beyond.
So, let’s get into some of the common questions from Airbnb hosting hopefuls, and see what the internet wants to know about Airbnb hosting as an Australian property owner.
How much does it cost to have someone manage an Airbnb for you?
Knowing how much it costs to have someone handle Airbnb management on your behalf is important when your main goal is to make a profit. After all, even if you’re earning $100 Million a year, it won’t matter much if a company is charging you 99% of everything you earn. Luckily, most management services are going to work by a small percentage share of your Airbnb income, with most being around 20%-25% of your Airbnb earnings for full Airbnb management. So, if you were to earn $100, the managed service would take around $20 from that as their management fee.
At Oasis Stay, our pricing model is more affordable, with an 18% commission-based fee for complete Airbnb management, including Airbnb photography, linen & toiletry services, guest vetting services, and more.
Can you get someone to manage your Airbnb completely?
Yes, you absolutely can! One of the concerns many property owners have when starting Airbnb management is that they’re still going to have to do the bulk of the work themselves. However, with a quality Airbnb management service (like, for example, us at Oasis Stay) you can have the vast majority of work handled for you. Additionally, you also have an owner’s portal to make decisions about how much control you’d like over your property at any given time. It’s the best of both worlds!
How does Airbnb management work?
Airbnb management typically involves the maintenance, marketing, and guest services of your Airbnb property being taken over by an external body, either a business or in some cases an individual. This service will then work to provide the best possible Airbnb experience for guests, whilst increasing the number of guests throughout the year where possible and ensuring that cleaning and maintenance duties are well handled.
As mentioned earlier, this tends to come with a percentage fee of what is earned, rather than a monthly recurring cost. This is to ensure that the owner is only spending based on what they make, creating a positive win-win relationship with their supplier.
How much should I pay someone to host my Airbnb?
We would suggest paying based on performance, with the percentage model working well as a means to ensure that your Airbnb hosting company is incentivised to promote you and provide a quality service. After all, if you’re in a contract for recurring monthly fees, there is less incentive overall for the business to improve and grow their services along with your Airbnb ambitions.
What do you call someone who manages Airbnb?
There are a few names that those who manage Airbnbs go by, and this can include:
- Airbnb manager
- Airbnb hosting provider
- Airbnb management service
- Airbnb property manager
- Short-stay hosting manager
All of these different variations refer to the same thing, which is a person who manages a property on Airbnb and other short-stay hosting services.
Is Airbnb profitable?
When done correctly, yes Airbnb can be very profitable. With that said, nothing is ever a guarantee, and there will be cases in which the market is not in your favour. For this, there is a lot of benefit to working with an Airbnb service provider who can offer ways to optimise your listings for different parts of the year, such as those with dynamic Airbnb pricing optimisation capabilities.
The average income for an Airbnb listing is considered to be around AU$62,388, meaning it is a very profitable venture for many who decide to go down the path of short-stay rental management.
What type of property makes the most money on Airbnb?
Speaking generally, the most profitable Airbnb listings are full apartments or homes, rather than single room listings. People prefer to have spaces to themselves, and apartments in particular can be fantastic money makers in desirable areas.
Want more? Contact Oasis Stay today
If you’ve gotten to the end of our little FAQ and are still interested in learning more about our services, you can check out our homepage for more of a breakdown of the services we offer, or contact us today for additional information on what we can bring to your Airbnb hosting experience.
