La profitability is the keystone of any investment. In thereal estate, you will find lots of advice on how to make your accommodation profitable. As for the Airbnb rental, the best known advice is to call on a management agency. Only here, is a Airbnb concierge is really the key word to optimize your rental purchase ? What are the real costs of seasonal rental ? Discover the comparison of your agency YourHostHelper Bordeaux between the real costs of Airbnb accommodation and the concierge rates.
What is an Airbnb concierge?
An Airbnb concierge service is a service dedicated to the management of real estate for seasonal rental. These services are designed for owners who delegate the daily management of their short-term rental.
Offers offered by Airbnb concierge services generally include:
- Reservation management: Taking charge of all reservations. The agencies are in direct contact with tenants and manage the availability of your accommodation and the rates for overnight stays.
- Reception of tenants: Physical or digital reception of tenants upon their arrival. Handover of keys and presentation of the property to vacationers.
- Cleaning and maintenance: Regular maintenance of the property between each rental. This includes housekeeping, laundry and minor repairs.
- Ad optimization: Writing and optimizing ads. Management of visibility and reviews to maintain a good online reputation.
An Airbnb concierge like YourHostHelper Bordeaux ensures that every detail is taken into account. From the arrival to the departure of tenants, we ensure the smooth running of their trip. By optimizing rates, your concierge service ensures a high occupancy rate and therefore an increase in your rental income.
What it Really Costs to Run an Airbnb
Let’s get to the heart of the matter. Seasonal rental is one of the most profitable investment models in real estate. However, managing an Airbnb accommodation takes time and produces additional costs that you must take into account.
The price of consumables
When you run an Airbnb yourself, you will quickly be faced with expenses for consumables. Household products, linens, shower items are costs to plan for the well-being of your tenants. These costs, although small at the time, can quickly add up.
Here is a numerical example to give you an idea:
Your Airbnb accommodation is rented four times a month (during the summer). Each rental lasts one week on average. The cost of consumables concerns:
- Cleaning products : After each stay, you will have to completely clean your rental. Between household products (disinfectants, window cleaners, floor detergents, etc.), cloths, and sponges, the cost per week is around €5. Over a month, this represents €20.
- home linen : You must provide clean sheets, towels, tea towels for each vacationer. The cost of laundry for a week's rental is around €15, or €60 for a month.
- Bathroom items : Basic items, such as toilet paper, soap, shampoo and trash bags are the responsibility of the owner. The cost for these items averages €5 per week, or €20 per month.
- Routine maintenance : Although this cost varies, we can estimate that on average, there are small repairs or replacements (bulbs, batteries for remote controls, etc.) which cost around €15 per month in the best cases.
Thus, the total cost of consumables for accommodation rented four times a month would be around €115 per month.
Personal workload
As seen previously, the costs of consumables remain negligible. Given the very high profitability of Airbnb rentals, these fees will be almost transparent.
However, the biggest expense is the time you will have to devote to managing your home.
Here is an estimate of the time needed to optimize your occupancy rate (we return to our example of an Airbnb rented four times a month, for a week each time):
- Reservations management : This part includes putting ads online, but also communicating with tenants. You will have to take care of the confirmation of reservations, with the management of possible changes or cancellations. For four reservations, we count approximately 2 hours per week, or 8 hours per month.
- Couple : In our example, we are not calling on a professional. If this were the case, then cleaning costs would have to be included in the prices of consumables. Allow around 2 hours each week to clean your home, or 8 hours per month.
- Welcoming tenants : We advise you to maintain contact with your tenants and welcome them as soon as they arrive. Welcome, explanation of house rules, and check-in/check-out can take 1 hours per rental. Over a month with four rentals, that’s 6 hours.
- Maintenance and inspection : In our example, there is no real maintenance to be carried out. The few small daily interventions will take you around 2 hours per month.
In total, managing your Airbnb will require at least 24 hours of personal work per month. Not to mention that you will have to be present and available during the weeks when your rental is full.
This is the whole point of Airbnb concierge services. The real profitability of these institutions is calculated based on the value you place on your time.
If we value this personal time at a normal hourly rate of €20, this represents an implicit cost of €480 per month. By adding the cost of consumables (€115) and the cost of personal time (€480), managing an Airbnb rental can represent a total cost of €595 per month.
Why choose an Airbnb concierge YourHostHelper
YourHostHelper concierge services are placed in a specific context. Today, we offer owners optimized profitability of seasonal rentals, while minimizing their efforts.
The advantages of your rental agency
Time Saving
The main advantage of using an Airbnb concierge is saving time. By delegating all operational tasks, you free yourself from rental management.
Go on vacation with a light mind. Your concierge takes care of everything to allow you to benefit from the income from your property effortlessly.
Revenue Optimization
We adjust prices according to demand to ensure the competitiveness of your offer. This strategy allows us to increase the occupancy rate of your accommodation.
Your YourHostHelper concierge service in Bordeaux uses specific algorithms to adjust the prices of your overnight stays in real time. We are thus recording an increase of around 25% in our clients' rental income.
Improved customer experience
Quality is the key word of YourHostHelper. We offer the best possible service to our customers. This involves continuous maintenance of vacationers to obtain positive reviews and retain them. We also offer an insurance and troubleshooting system throughout your stay in the event of a problem in your accommodation.
Privileged freedom for owners
The YourHostHelper Complete Management offer is completely adjustable. Depending on your needs and desires, you can pause our support at any time. No commitment will be required of you. You remain free to manage your real estate assets.
Our Airbnb management rates
Airbnb concierge services use two commission methods in return for their services. These generally consist of a share of rental income (between 15% and 30% depending on the franchise), fixed costs for certain specific services (such as cleaning), and sometimes additional costs for premium services.
At YourHostHelper, we only have one offering: Complete Management. This brings together all the needs of owners for managing their Airbnb rental. In return, our concierge takes a 20% commission on your rental income.
This economic model allows us to act in complete transparency with our customers. If we are unable to fill your rental, you will not be charged any fees. During your first visit, you will not be charged any advance payment. Our management method is completely autonomous and transparent about your expenses.
To return to our rental example, we start with a one-bedroom apartment, which you rent in summer for €85 per night, six nights per week, for four weeks.
- By renting alone, you make your accommodation profitable by €1445 (€2040 — €595 in personal costs).
- With YourHostHelper, we will be able to rent your accommodation for €100 per night thanks to revenue optimization. You will therefore earn €1920 (€2400 – €480 management fees), while being free to move around.
At first glance, many investors fear the management fees of Airbnb concierge services. For fear of losing profitability, they prefer to manage their seasonal rental themselves. However, a franchise with expertise in the Airbnb rental market will allow you to significantly increase your monthly income. At YourHostHelper, we support you from A to Z to unlock the full potential of your home. Our fees only apply if your apartment pays you, with no additional fees. You remain free to move around and can pause your support at any time.
Contact your YourHostHelper Bordeaux agency to discuss your short-term rental project!
