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Andrew Bosco
  • Rental Property Investor
  • NH
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Scaling up an AirBnB business

Andrew Bosco
  • Rental Property Investor
  • NH
Posted

Hey all, 

How would you set this up?

Background: I am scaling up an Airbnb Vacation Property Management Business. The plan is list 10 of our units on Airbnb (we have current PM systems, hospitality, cleaners and maintenance techs in the area already). These are owned by the owner of my property management company (I work as the head of the AirBNB side). We plan to list the 10 under the property management company AirBNB account. Additionally, I have other local owners that want our company to manage their vacation rental. Lastly, I have a current owner (who is a partner to the owner of my property management company) who is already a co-host for one of his rental units in the area. Ultimately, we will have 10 listed units by the owner of the company, one unit from a co-owner of the company and bring on to manage other external owners in the area. 

My plan: I plan on making the AirBNB account under our property management company name at a high level. Then, create a "team" to help manage this under AirBNB. I'll have the other owner with the one unit get rid of his co-host and instead make a team to add me to manage it. That way, he doesn't lose his reviews + can keep future bookings. 

Future plan: Use a PMS such as Hospitable or Guesty pending what we need. 

Thoughts?

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Andrew Bosco - Candor Investment Group
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Andrew Steffens
#1 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
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Andrew Steffens
#1 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
Replied

Just real top line this seems a bit clunky.  If you ar starting with 10 I would get a PMS out of the gate.  Pair with a channel manager and start pushing those properties to more than just Airbnb.  The PMS will also have features like unified inbox, and you can have PMS users instead of dealing with Airbnb teams.

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Vacation Rentals of Florida
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