Airbnb Property Management Houston
Airbnb Property Management Houston – The practice of short-term renting of real estate has been on the rise for a number of years. This quick and cheap alternative to hotels has transformed the traditional way individuals live and vacation. But it’s also changing the real estate industry.
Real estate professionals across the country have found that adding short-term rentals to their business profile is a good business move. “It’s a lot more lucrative when done right than traditional rentals,” Daniel Martinez, Houston real estate professional and founder of Houliving, told Houston Agent Magazine. “I find that short-term rental properties allow for a longer life expectancy for the property because we can come in weekly to solve problems before they become a bigger problem.”
Airbnb Property Management Houston
Martinez said he’s always been interested in gaining experience and that the short-term rental market is an opportunity for him to explore that through real estate.
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Luckily, Airbnb has taken a lot of the guesswork out of real estate professionals. With the flexibility of a shorter lease, short-term renters can brand themselves through an already established name like Airbnb. Martinez said there’s freedom in that. “The ‘pros’ would be the ability to make more money, limiting the damage caused by long-term renters, the flexibility to both rent and live in the property [house hacking], and not having to worry about selling with long-term renters and much more,” he said.
The trend for buyers to invest in short-term rentals is becoming more common. But Martinez warns that sometimes they run into problems because they aren’t informed. “The biggest problem I find working with buyers looking to get into the Airbnb playing field is the lack of knowledge,” he said. “That makes it very difficult for them to see the benefits up front. Luckily, I’ve worked with a few investors who have taken the risk and are making big gains.” Martinez recommends agents working with these buyers learn about the regulations in each area (they may vary) to see if it is there are any regulations.
Fortunately, Houston does not have a short-term rental ordinance in place. As long as real estate professionals and property managers follow the basic requirements listed on the Airbnb website, they are allowed to work as they see fit. “To provide our guests with a comfortable and reliable stay, we ask all hosts to meet the basic requirements for each listing,” Samuel Randall, Airbnb’s senior communications manager for US East, told Houston Agent Magazine. “This applies to all listings around the world.” According to Airbnb’s website, the basic requirements include: Be responsive, accept reservation requests, avoid cancellations, and maintain a high overall rating. They also offer tips specifically for real estate professionals looking to expand their portfolios. “Airbnb informs hosts in our Terms of Service that they are responsible for identifying, understanding, and complying with all laws, rules, and regulations that apply to their listings,” Randall said. “This ranges from obtaining necessary licenses or permits to enforcement penalties.”
Randall points out that in several Texas cities (including Houston), prospective hosts should be aware that Airbnb “collects and remits state and city-level occupancy taxes on their behalf.” The city has a hotel occupancy tax that also applies to Airbnb and other short-term marketplaces (six percent of the list price including cleaning fees for reservations of 29 nights and under).
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Excellent customer service is key to any successful business and it is no different in the short term rental market. Be available for your customers and pay attention to their wishes. “Short-term rentals have a lot to do with customer service,” Martinez said. “Our job is to make this a great experience and time for our guests. By continuing to look for ways to improve your listing, you stand out and beat the competition.” Whether it’s finding a dependable cleaning team or an impeccable handyman, building the right team will relieve a lot of stress.
Online hospitality marketplaces like HomeAway, VRBO, and — most popularly — Airbnb have transformed the hospitality market, but advocates of housing affordability and economists have also argued the ethics of the booming business practice.
Short-term rentals mean that fewer apartments are available for rent and put pressure on the housing market. The low inventory market drives up costs, which can lead to tenant turnover. Several cities – including San Francisco, Washington, D.C. and New York City – have enacted legislation to address this issue.
The City of Seattle has enacted legislation to regulate short-term rental properties. It was seen as the first time a city introduced tighter limits on marketplaces like Airbnb. The regulation was passed in 2017. It limits the number of short-term rental units for a given property to two. “One can be a primary residence, plus one more,” former San Antonio Mayor Tim Burgess said during a media call for the National League of Cities summit. “If you live outside of the city, you could only have one as an outside investor.” Burgess says short-term rentals have a place in the hospitality market, but a legislator’s job is to make sure they’re balanced and fairly regulated.
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Because of these perceptions, the industry is hitting back with data. “Vacation rentals are a really important part of the accommodation mix,” Expedia vice president Amanda Pedigo said during the media briefing. Expedia owns the short-term rental website VRBO. “They’re not going away, and yes, they pose challenges to local communities and that’s why we’re really here to say we hear your concerns and we want to help solve them with real, effective regulatory solutions.”
Expedia recently partnered with Oxford Economics to examine the role of short-term rentals in housing affordability and found that vacations and short-term rentals are not the major contributors to the affordable housing challenges facing the United States. “We’re finding that the key drivers on the rental side and the homeowner side are really just economic growth,” Alice Gambarin, a researcher at Oxford Economics, told Houston Agent Magazine. According to Gambarin, the growing economy is helping house and rental prices soar. Unemployment has fallen dramatically recently, which has also had a major impact on property prices and rents.”
Pedigo emphasized the idea that Expedia is working to address public concerns, even though their data showed their industry was not necessarily to blame for the affordability crisis. “Despite the results,” she said, “Expedia wants to work with local communities to find fair and effective regulation of the short-term rental market.”
Airbnb also said they are committed to sensible home-sharing regulations. They claim to have established more than 500 regulatory relationships with jurisdictions around the world. “Through this partnership, we’ve found avenues for short-term rentals by addressing local concerns while protecting residents who rely on home-sharing for additional income and small businesses who benefit from visitors,” Randall said.
Houston Real Estate Market Report 2019
Houston Named One of Top Cities for Gen Z Casoro Facilitates Sale of The Quinn South at Westchase Proposed Community in Conroe As demand for new homes cools, homebuilders are reconsidering future plans. The average number of days on the market is increasing in Houston and across the country so be the right choice for you. It can significantly ease the stress of juggling a day job or multiple properties and increase your returns based on expert marketing strategies and techniques.
And even if you just want to help with a few tasks, professional co-hosting on Airbnb could be the perfect addition to your business.
An Airbnb property manager is able to take care of all aspects of your short-term rental property, allowing you to generate passive income. McNiece Management’s current Airbnb property management services in Houston include:
Maybe you just need someone to help you maintain your listing, and that’s where an Airbnb co-host comes in. In some cases, a co-host can be a trusted friend or family member who helps you maintain your space and communicate with guests. However, hiring a professional as a co-host on Airbnb has its perks in terms of both skills and service.
Airbnb Service Management
After you designate a co-host through the Airbnb platform, they have full access to set up and edit your listing, communicate with guests, and coordinate cleaning services through their own portal. However, your Airbnb co-host would not have access to the payments and other sensitive information stored on your platform.
Our Houston Airbnb property management fees range from 15% to 25% of the value of your booking. McNiece Management’s dynamic pricing techniques set your nightly rental to reflect our service fees and additional costs, as well as Airbnb’s typical housekeeping fee. The support you receive – as well as the increase in bookings and returns –
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