Property rental is a good way to earn money. And given its price nowadays, it’s a good idea if you can turn these properties into a passive source of income. Unfortunately, the reality is that it isn’t exactly simple. If you opt to have a long-term rental, it also means you’re not maximizing your opportunities. If you’re serious about making the most money on your property, then you might want to turn it into a short-term rental.
What’s the difference between short-term rental and long-term rental? For short-term rental properties, these properties are alternatives to hotels and hostels. Unlike pricey hotels, you get to have your privacy and even get a much bigger space.
But the reality is that you just can’t put your property up on Airbnb and other similar platforms and expect the market to flock to your property.
If you are looking to become a successful host, you need the help of pros. If not, you will need to hire people who will help you maintain the property. For instance, you will need to find a cleaner, a virtual assistant who will answer the messages and questions in the middle of the night, on top of that, you will need a plumber and a handyman on standby. All of these things stop a lot of people from deciding to have a short-term rental business on Airbnb.
Steve Barbarich’s Airbnb Management Business
Ever heard of Steve Barbarich? He used to be an inventor. But eventually, he transitioned toward other markets. And today, he is known in real estate and in property management. He also started his platform called Vacation Homes 365. And also, he has his own Airbnb management firm.
Steve Barbarich started his Airbnb management business to help people who didn’t know what to do with their property. Steve Barbarich reviews your marketing strategy, your approach to handling the day-to-day tasks, and even how you spend your money on renovations. On top of that, he also sets different protocols on how you can avoid getting scammed.
One of the best Steven Barbarich scam prevention tips for his clients is to always check the guest who is about to use the property. If the guest is new with no review whatsoever, it is a good idea to ask for additional information from identification cards to other documents. Plus, he usually asks for additional fees. This way, it stops the guest from doing anything crazy on the property. One of the most common scams on Airbnb’s platform is when guests complain and threaten you with a bad review.
Barbarich knows how to handle these situations. He prepares properties to make sure that there are cameras and other things that could document incidents inside the house. He also includes noise alarms to avoid partygoers from using properties.
Experience matters. He knows how to adjust and how to find solutions when problems in your property become a bit tricky. Also, he has the right number of people who could get the job done. It means having an Airbnb management company such as the one operated by Steve Barbarich is a good thing for hosts.