Airbnb Management Fees: Explained
“What are Airbnb management fees for?”
This is one of the most common and important questions that we get at Hometime.
In this article, we discuss the Hometime model, the different factors that affect Airbnb management fees, and how we can help you earn more from your short-term rental property.
How does Hometime work?
Hometime’s mission is to make short-term rentals better for everyone:
- For homeowners: better for homeowners who need a trusted partner to manage the end-to-end process when guests stay in their property.
- For guests: better for guests who know they’re choosing a five-star experience managed by someone who lives, works and supports tourism in the community.
- For the community: better for the community who have peace of mind that short stays are managed locally and professionally.
To ensure that we deliver an elevated experience, Hometime partners with experienced hosts throughout Australia who contribute to their communities by employing local staff and sourcing supplies locally. We empower and incentivise our partners to look after your guests and your properties as if they were their own.
How much does your Airbnb management cost?
In line with this hyper-local approach, our Airbnb management fees are not uniformly applied across all states and cities — instead, Hometime fees are structured for your specific location, taking local market factors and costs into account. The amount you pay will make sense for your market, rather than for a market across the country.
To find out more about our Airbnb management fees in your area, reach out to Hometime for an obligation-free chat and get a free earnings estimate for your short-term rental.
What’s included in Hometime’s Airbnb management services?
Hometime offers the following full-service Airbnb management services:
- Property onboarding:
We’ll help you set up your short-term rental as quickly as we can so you can start getting bookings ASAP. This includes navigating the local Airbnb rules for hosts in your area, as well as additional monitoring during the first 90 days of hosting your property for early indicators of what’s working and to address any potential issues.
According to Airbnb, bookers spend 30% of their time looking at photos when viewing listings. Airbnb data also shows that properties with high-quality photos lead to on average 24% more bookings than listings with non-professional photos, helping them earn more.
Professional Airbnb photos present your property in the best light, particularly your cover photo/hero shot, which is what potential bookers see in the search results. A good cover photo helps you stand out among other properties and entice customers to click on your listing, making it the most important photo. And though the cost of professional Airbnb photography may seem steep initially, it pays for itself over time by generating more bookings and increasing your occupancy in the long-term.
You may also consider consulting with an Airbnb stylist for strategic upgrades to your property to make it more eye-catching and justify higher nightly rates. This can be as simple as just moving things around, replacing linens, and adding a fresh coat of paint, or they could replace specific pieces of furniture like a more comfortable bed, replacing a squeaky couch, or other Airbnb furniture essentials.
No two properties are the same, and we put a tremendous amount of time and effort into improving your listing. To maximise bookability, our team of Australia-based professional tourism and travel writers craft detailed content highlighting what makes your property unique. We apply a range of settings through backend optimisations to improve listing search results across all channels.
Hometime’s pricing analysts and market experts will help optimise your revenue while increasing occupancy at the same time. We use a combination of dynamic pricing algorithms for Airbnb and manual customisations (as needed) to determine the price of your Airbnb property. This involves proactively analysing seasonal patterns, local market conditions, and amenities, as well as applying promotions or adjusting your minimum night settings as needed.
We also list your property on various Airbnb alternatives in Australia such as Vrbo, Booking.com, and more to further enhance your reach. In addition to reaching more guests and increasing your Airbnb’s profitability, advertising on multiple channels allows our in-house revenue management team to analyse your property’s performance and adjust pricing and availability in line with broader market demands.
We’ll find the best cleaners for regular cleans and restocking between stays, paid for using the built-in cleaning fee from the booking. No need to pay out of pocket between guest stays.
We go the extra mile to ensure your guests enjoy every part of their stay, from making the booking, checking in, checking out, and everything in between. This includes taking care of maintenance issues quickly, providing alternatives for late-night arrivals, and even meeting them in person when needed!
We also employ a guest vetting process to ensure that guests are suitable to stay at your property, helping you avoid potential problems with Airbnb guests and the trouble of filing Airbnb damage claims.
Hometime’s local Airbnb experts will sort out all your maintenance needs to make both you and your guests happy. We’ll also do our best to get you the best rates for services in the area due to our close relationships with local businesses.
- Homeowner Portal access:
Easily monitor your property's performance at a glance, view detailed breakdowns of your earnings, and view a detailed calendar of guest bookings.
Why partner with Hometime?
With almost 10 years of experience in the Australian Airbnb industry, we're proud to offer homeowners and property owners top-quality short-term rental management:
- 1 million+ nights booked by our guests.
- 3,500+ properties managed since 2016.
- 4.7 average rating on Airbnb, with 95% of Airbnb guest reviews receiving 4-5-stars.
- 15% higher average occupancy than the STR market over the last two FYs.
- We operate in 30+ local markets, supported by our brilliant on-the-ground hosts.
Want to learn more about what we can do for your short-term rental property? Fill out this form to get an earnings estimate:
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