Hospitality
Streamlined short-term rental management for effortless property ownership.
Short-Term Rental Management
As an independent management company for short-term rentals, we help owners manage their rental properties. We will take care of the day-to-day operations of the rental property, such as marketing, guest communications, pricing, housekeeping, and more. We will also handle the financials, such as collecting guest payments, paying taxes and fees, and transferring funds back to the owners.
Our management fee for these services is very competitive, as we charge as a percentage of the rental income. Ultimately, independent STR management companies are a great way for owners to outsource the management of their rental property, allowing them to focus on other aspects of their life and business.
What are the pros and cons of managing your own Airbnb rental:
Pros:
1. You have the freedom to set your own rules and policies and customize the rental experience to fit your needs.
2. You have complete control over who you accept as guests and when they can stay.
3. You can build relationships with your guests, providing a more personalized experience.
Cons:
1. You are responsible for any legal issues that may arise from renting out your property, such as zoning or safety regulations, liability insurance, and any necessary permits.
2. You will have to put in a lot of time and effort to manage the rental, including marketing, responding to inquiries, and dealing with any issues that arise.
3. You will be responsible for cleaning, maintenance, and repairs.
4. You may need to invest in additional furniture or amenities to make the space attractive to potential guests.
5. You will need to file and pay additional GET and TAT taxes. Trans-Pacific realty will help you manage all of the above items in addition to, setting rental rates, so you can maximize your profits.