Miami is one of Florida's top vacation rentals due to its stunning beaches, vibrant nightlife and luxury shopping. With over 24 million tourists visiting annually, it has become a prime location for short-term rentals.
Miami has stringent regulations for vacation rentals, making it essential to hire one of Miami's premier Airbnb management companies in order to legally run your short-term rentals and maximize profit. So, let us show you the exact steps to find the top rated Airbnb management in Miami,
1. Ask Around
If you own an Airbnb in Miami and need a reliable property management company to look after your rental, asking around is the best approach. This simple method gives you some information about several companies so that you can make an informed decision on who would be best for your property.
If your aim is to maximize profits by renting out your vacation rental, then a management company that can assist with everything from marketing to bookings is essential. Make sure the firm you select has an excellent reputation, has many satisfied guests, and provides high quality service at a reasonable cost.
For instance, Awning is a Miami Airbnb management company that offers full-service vacation rental property management at an industry low fee of 15% of revenue. Their services include bookings, cleaning, maintenance, marketing and guest support. Their team has extensive expertise about the local market and plenty of experience managing both new properties and existing Airbnb rentals alike.
Host & Keep is another highly rated Airbnb management company in Miami that provides a range of services such as acquisitions, sales, lending and full-service management. They assist their clients from the very start of their investment to help maximize revenue potential and minimize expenses.
If you own a larger property with 6 or more units, Sextant Stays could be the ideal solution for you. Their website does not clearly outline their fees and pricing structure, so hosts should reach out directly to learn what they charge and require from them.
2. Check Out Their Reviews
One of the best ways to determine if a prospective management company is as good at what they claim is by reading reviews. You should check out both their popular properties and those they haven't taken over yet in order to get an idea of their management style and level of attention to detail. A trustworthy property management firm should be open about fees and pricing structure, plus provide you with a list of their clients so that you can make an informed decision.
Miami airbnb management companies should be able to meet all your property management needs. From bookings, repairs and cleaning, to marketing and inventory management for homes, condos or apartments - a reliable company will be able to demonstrate their worth with a well-run operation and positive return on investment in no time.
3. Check Out Their Fees
When searching for top-rated Airbnb management in Miami, it's essential to do your due diligence and discover their prices. Doing this can give you insight into whether the company you're considering working with is worth your money and will give you the greatest return on your investment.
Some companies charge a fee to manage their own inventory, while others may include advertising costs and tenant screening in their fees. It is essential that new property owners inquire about these costs and get confirmation before signing any contracts.
When selecting an Airbnb management company, one of the major considerations should be whether they charge a flat fee or percentage of your monthly revenue. While many managers will offer higher rates than what the industry average offers, this does not necessarily indicate they are doing more work for you.
Miami Airbnb management that boasts high occupancy rates, maximizes revenue, and helps you reach positive cash flow is the top-rated choice. Not only will they offer low fees to their guests, but they will ensure the most out of your vacation rental experience.
You can check their fees by contacting them directly and asking about them. Doing this will give you an idea of how much they charge and allow you to compare it with other businesses in your area.
Another way to check their fees is by visiting their website. Many companies fail to disclose what services they charge on their websites, so if you come across one that clearly states what services are included, you can be more certain they are the right fit for your investment.
Top rated Miami Airbnb management will have excellent online reviews and an outstanding reputation within the industry. They possess an experienced team dedicated to making your investment successful, plus they provide superior customer service - always available for any queries or issues you may have.
4. Check Out Their Experience
Miami is a hub for short term rental properties due to the city's growing tourism industry. A range of rental companies has sprouted up around Miami that offer services such as listing creation and management, property management, housekeeping services, marketing solutions and maintenance.
To determine which company is the best fit for you, it's wise to review their credentials and client list. Start by checking the top rated companies on Airbnb as well as other popular online rental marketplaces like Homeaway or VRBO. Furthermore, pay attention to their stellar reviews on Yelp, TripAdvisor, Google+ and Yelp reviews to see which property management firms were mentioned among these top contenders. Generally speaking, those ranked at the top tend to have well-known names within their field along with exceptional track records in customer service quality.
