Cost of Rental Management: is it really profitable to call on a concierge — your Deauville concierge tells you everything

If you have already invested in real estate or if you want to start buying rental, you have certainly already heard of rental management. This system makes it possible to delegate the many administrative tasks related to the rental with a financial counterpart. The main advantage of entrusting your rental management to a professional is a saving of precious time. Nevertheless, entrusting a specialized agency with taking care of your rental allows you to apprehend your real estate investment more serenely. You are thus protected, assured of not forgetting anything. However, like any service, the rental management cost of real estate agencies can weigh heavily on your budget. Your Deauville concierge will explain to you what rental management takes into account and the alternative to real estate agencies to reduce the costs of your rental management. 

What does rental management include? 

The concept of rental management may seem vague for individuals making their first real estate investment. However, this is a significant point to take into account when implementing your investment strategy. Knowing the advantages and the cost of rental management allows you to orient your investment according to your objectives. The rental of a property systematically requires a number of mandatory tasks to increase its visibility and therefore the profitability of your property. Becoming a real estate investor therefore requires: 

• Improve the accessibility of your ad by writing an engaging description accompanied by photos to be published on online sites (particularly important for seasonal rentals that work with Airbnb booking platforms). 
• To select your potential tenants by sorting the requests and checking the solidity of their file. 
• To show your accommodation according to everyone's availability to choose your tenant.
• To draft your rental lease according to the type of rental chosen. Be sure to respect the clauses specific to your situation to protect you and your tenant as much as possible.  
• To carry out the inventory of fixtures of entry and exit of all of your accommodation. 
• To manage rents as well as problems of unpaid bills, overpayments or calculations if you have opted for the annual adjustment of provisions on charges and rents. 

In addition to this, the owner must properly file his tax declaration concerning the rental income received. The role of rental investor is therefore not easy and it is good for future landlords to take these obligations into account. Only, by outsourcing your rental management, you free yourself from all these administrative and logistical tasks. It will be the role of your manager to take care of all the needs of your rental.  

What rental management cost to take into account for your budget 

Of course, rental management comes at a cost. The rates applied by professionals vary according to the regions and their structures.  

Real estate agency management prices

Rental management is traditionally carried out by real estate agencies. There is a great disparity between the different brands which can go from simple to double depending on the agency. It is good to know that the rental management rates are not regulated and are therefore freely established by the agencies. 

If you go through a real estate agency, do not hesitate to play the competition. Indeed, rental management costs can vary between 6% and 10% of the rent per month. Be careful though, some agencies charge management fees even when your rental is empty. You will also have to pay rental fees each time a new tenant enters, costing on average one month's rent. 

Know that there are, for long-term rental, new rental management companies charging prices up to 2 times cheaper than their competitors. 

The advantages offered by Airbnb concierge services

If real estate agencies naturally have the predominance in the management of long rentals, the concierge system has become essential for seasonal rentals. These concierge services offer the same management services as a real estate agency thanks to their partnership with the Airbnb online booking platforms. 

If the long rental is a good alternative to secure the filling of your rental, the Airbnb rental is a very good way to make the most of your accommodation in high season. The rents collected in summer are on average 4 times higher than a “normal” rent. 

The Airbnb concierge services relieve you of the administrative procedures for renting your apartment and offer quality follow-up to owners and holidaymakers alike. The rental management costs applied by concierge services are between 15% and 35% of the amount of rent collected. Although these fees are more expensive than those charged by real estate agencies, you will not have any additional fees applied for welcoming new tenants. In addition, these fees include the management of your rental, but also the services applicable to the concierge services (purchase of consumables, cleaning of the accommodation, service fees).

Why trust your Deauville concierge 

Finding a rental management agency is a must for any rental investor looking to save time and improve peace of mind. As lessor owners, you have probably already hesitated between the security of a long rental and the exponential benefits of seasonal rental. 

However, short-term rental requires much more personal investment as well as almost constant availability to hope to fill your booking schedule as much as possible. This is where it is your Deauville concierge. Aware of the time required by seasonal rentals, we help owners carry out their project by taking charge of all of their rental management. We also offer a help and breakdown service for your tenants as well as all the concierge services necessary for the smooth running of your rentals. 

Your Deauville concierge applies a rate equivalent to 20% of the income you receive, without any commitment. YourHostHelper's rental management cost is only deducted if the platforms pay you rent, ensuring that you pay the right price without advancing a penny. 

For a long rental, we advise you to compare the prices offered by different managers and take advantage of the competition to reduce your management costs. However, if like many you want to take advantage of seasonal rentals, opt for the services of an Airbnb concierge. Although rental management costs are higher, a concierge ensures the smooth running of your seasonal rental. Your concierge service in Deauville takes care of your rental management and offers premium concierge services for a fixed price. Enjoy maximum tranquility while benefiting from the incredible profitability of Airbnb rentals with your Deauville concierge.