Short stay accommodations such as holiday apartments have become quite popular as a result of online booking platforms and they are a great option for travellers looking for affordability, convenience and flexibility.
Some of the short stay accommodation options available
Are vacation rentals, serviced apartments, boutique hotels, Airbnb properties etc. There are some challenges that come with managing these properties which is why you need to look for a reliable BnB property management Perth. There is constant turnover of guests in short stay accommodations and this can be a challenge. In long term rentals, the tenants will stay on for months or even years but in short stay accommodations, the guests will come on a daily or weekly basis. So the property managers need to ensure high standards for maintenance, cleanliness and guest satisfaction so that positive reviews can be ensured along with repeat bookings. Some of the tasks involved in this are coordinating cleaning services between the guest checking out and new guests checking in along with addressing any maintenance issues on the property. It can take a lot of time and effort to manage guest turnover. This is why it is important to select an experienced property manager so that your property can have positive reviews from the guests.
There is a complex regulatory landscape
When it comes to short stay accommodations and this can vary depending on the jurisdiction. The operation of these properties can be restricted by tax regulations, occupancy limits, local zoning laws and building codes. These regulations should be navigated by property managers so that they can comply with the regulations. Failure to comply can result in penalties, fines or legal disputes. There are also changes in policies and regulations to keep up with such as transient occupancy taxes, vacation rental permits etc. If you don’t monitor these changes and adapt to the new regulations, there are many compliance complications that can arise. The property manager has to communicate with the guests effectively so that the guests can have a positive experience. There are certain expectations to manage when it comes to short stay accommodations and this requires property managers to respond to inquiries quickly and provide accurate information when it comes to the amenities offered by the property.
When there is clear communication, overall guest experience is improved
The property manager will need to manage the communication across multiple platforms and channels such as messaging apps, emails and booking platforms. This can take a lot of time. Another challenge is optimising price and managing revenue. The pricing should be balanced with profitability and some of the factors you need to consider in this aspect are demand trends, local events, seasonality, rates of competitors and occupancy levels of the accommodation. Dynamic pricing tools can be used to maximise revenue. There are many distribution channels and platforms where they need to manage pricing. And this requires dealing with fee structures, commission rates etc. The safety and the security of the guests at the property should be a priority and some of the security measures that can be put in place are surveillance cameras, keyless entry and secure lockboxes.
