Maximising Income, Types Of Income And Expenditure
You might have noticed that you never go beyond the first two pages on Google. Well, it works the same for Airbnb, too. And when you do appear on the first two pages, you’ll have no problem filling your booking calendar at any time of the year.
If you’re not speaking to guests, you’re cleaning and preparing for their stay or trying to catch up on admin – God forbid anyone cancels! And this leaves little room for you to maximise your business, grow your bookings and scale your income – we know this better than anyone because we used to be Airbnb hosts too.
Now, we’re property managers who help Airbnb business owners reclaim their profits and get back to the life they should be living, with more money in their back pocket to enjoy. Read on to see how we did it and how we can help you do it too.
Like any business, setting up an Airbnb will require an initial investment. Whether you’re an experienced host or a newbie without any knowledge of the financial side of the game, we’ll help explain the operating costs you’re likely to incur, not just to get going but every year as an Airbnb host.
Homeowners, property owners and landlords should all bear in mind that there are several costs associated with starting an Airbnb business, and it’s always wise to consider these expenses beforehand to be financially prepared. Learn more.
To help encourage your business to be profitable, we’ll introduce smart pricing strategies that ensure your revenue far exceeds your expenses, including the cost of using a property management company like ourselves.
We deliver various pricing strategies that work with your property through peak and quiet periods. Strategies include:
- Maximum Fill Rates Strategy
- Maximum Rate Per Night Strategy
- Long-Term Rentals Strategy
- Balanced Airbnb Strategy
Airbnb investments are always an excellent strategy for serious real estate investors looking to scale at large and earn maximum profits from multiple property rentals at once.
To be considered an Airbnb investor, you will need to purchase properties in popular destinations and get them ready to short-let. You can choose to list the entire property or an individual room. We can help you follow all the processes to ensure the properties perform well on their associated booking platforms.
Statistics show us that the income you’ll earn from a well-run Airbnb can far exceed that of running a long-term rental model. See types of income.
Airbnb investment allows for an inherent degree of flexibility not seen with other letting options in terms of pricing models and strategies, as well as the type of space you can offer.
With short-lets, there’s no long-term commitment or tie-in; you can take your properties off sites like Airbnb and use them for other purposes when and as you wish.
One major limitation for certain investors is that short-lets require active presence as there’s a recurring need for constant communication. Landlords and property owners looking for passive income will most certainly need assistance from a property management company like Lotus Stays, which specialises in short lets and provides one of the lowest service rates among competitors. With us, you get to keep more of your money.
Unlike other Airbnb management companies, we aim to simplify hosting by being upfront and transparent about our costs.
Lotus Stays is a complete management fee-based service to use whenever you require; our commission is earned from the net booking value excluding the cleaning charges. Fees begin from 12%.
What’s Included In The 20% Fee:
- Listing management
- Guest management
- Property management
Learn more about pricing here.
