Next Level Airbnb – with Professional Photographs and Interior Decorating!

Invest in short-term rental properties, they said. It’s a lucrative side hustle that doesn’t involve too much work, they said. Perhaps you even convinced yourself that you could perform property management yourself. Probably, the first thing you did outsource was cleaning and guest turnover services. Then came the maintenance calls while you were at work, guests calling at all hours with random questions, or perhaps you even got some bad reviews. Or, maybe your Airbnb property is just not attracting a lot of guests, and you haven’t been generating as much revenue as you thought you could.

There’s a lot to unpack in the previous paragraph, and hopefully, not all of it applies to you! Regardless of how poorly things might be going, or even if they are going relatively well, the whole point is to be the best and generate maximum revenue from your short-term rental property.

How to do property management for Airbnb.

Toronto has a significant Airbnb market, and you will be competing with all the other investors to attract guests to your short-term rental property. You can decide to become your own Airbnb property manager, especially if you’re going to go all-in as an Airbnb host, owning and managing your properties as a full-time gig. For everyone else, if you don’t have the time, expertise, or the desire to do it yourself, you have to find a way to stand out from the competition while still keeping your day job. In this case, you need to outsource to a property management company!

Airbnb property management services have flourished alongside Toronto’s Airbnb market. They provide property management services to the many investors seeking outside help to manage their properties efficiently and profitably.

What does an Airbnb property manager do?

This will depend on the property manager, but most will offer a variety of services related to your short-term rental. Managing bookings, greeting and handing over keys to guests, cleaning properties after guests leave, ensuring the property is ready for new guests, and taking care of maintenance issues, are some of the basic tasks that a professional of property management in Toronto performs.

But other value-add services must not be overlooked to maximise your revenue. Before you can get the first booking, you need to put your best foot forward. There is stiff competition for Airbnb guests in Toronto, and you need to put a product on the market that will bring in the bookings!

Beauty is in the eye of the beholder!

Even though location is arguably the most important factor for prospective guests, the visual appeal of the property is also up there on the list. Gone are the days of Airbnb guests being satisfied with a mattress on the floor, or your tiny spare bedroom. You are competing with hotels and motels. You are competing with other accommodation providers to attract guests, and you can do this by offering a home-away-from-home experience with hotel-like amenities. In this case, looks do matter!

Professional photographs are a must!

Take these two pictures as an example. They are pictures of the same apartment. In both cases, pictures show the kitchen. The picture on the left has not made use of proper lighting. The under-cabinet lights make the cabinets above and below look washed-out and gray. The picture on the right makes use of the lighting coming through the large kitchen window. The cupboards look white and vibrant, and you can clearly see the appliances and gadgets that are available. These two pictures demonstrate the importance of professional photographs as a tool for marketing your Airbnb property and standing out from the competition.Photographs make a difference between guests scrolling past your listing or clicking on it.

Inviting interiors bring in the guests!

In addition to the magic that a photographer can create with proper lighting and professional equipment, it also matters what there is to photograph. Again, this can be demonstrated with photos. On the left is a picture taken by an Airbnb host to showcase their apartment. Sure, this living room has a comfortable couch and large flat-screen television. It’s not bad, but the apartment looks sparse and boring, functional but uninviting. In the picture on the right, the lighting is, of course, that much better. But to make the apartment look attractive, comfortable, and inviting, there is a striking piece of art, some pops of colour, and a mirror on the wall that all work together to make the space feel much more like home.

Find Airbnb Property Management in Toronto that offers more!

There are many Airbnb property management companies out there in the Toronto area that offer the usual services. A property manager that provides value-added services, including interior design, as well as professional photography and marketing service, is less common and will make a massive difference. At Easyhosts, we have a proven track record of taking short-term rental properties to the next level. The next level means both increasing bookings and increasing revenue.

Of course, Easyhosts provides the basic services of Airbnb property management in Toronto. We’ll keep track of your bookings, ensure efficient turnover between guests, and ensure that each guest has an excellent experience while staying at your property. Guests will consistently experience a well-maintained, clean and pristine apartment.

Beyond this, we offer so much more! We’ll work with your budget to use interior decoration to maximize the features and attractiveness of your property. We work with talented designers who’ll take your property from “Meh!” to “WOW!!!” Then, we’ll bring in a photographer to find the best angles, the best lighting, and the most attractive aspects of your apartment!

Contact us to take your Airbnb to the next level!

We look forward to letting you know what we can do with your Airbnb property! We know how important it is to put your best foot forward and maximize revenue in the Toronto Airbnb market. We offer you our experience and track record in creating a product that attracts guests and makes you money.

Relevance of Hiring a Property Manager Today

Have you been thinking about earning extra money by making your property available as a short term rental? The idea of extra cash in your pocket is probably enticing but you’re probably asking yourself if it is really that easy? Whether you’re intending to only rent out your principal residence a few times a year when you’re out of town or whether you’re thinking of setting something up on a larger scale with multiple properties, it is important to think about what it takes.

The sharing economy is still a business.

The idea of the sharing economy, of sharing spare time, resources or assets, as a way to make extra money on the side should not be seen as something casual or informal. You still have to run things like a business. In the same way that you expect your Uber to be spotlessly clean and your driver to be knowledgeable and friendly, people booking a short term rental expect to stay in a property that is clean, well maintained and that contains everything they need for their stay.

Increasingly, short term renters are expecting hotel or Bed & Breakfast level service. However, if you’re a small operator, perhaps with only one property, you have to think about how you’re going to run things.

Can you do everything yourself?

What happens when a guest needs a lightbulb replaced, there’s no hot water or an appliance breaks? If your guests were staying in a hotel, they would make a call to the front desk and the hotel is sure to have spare lightbulbs and appliances on-site and a plumber on call. When you are renting out your property as a short term rental, you have to think of these things too. Perhaps you can rush over to the property with a spare lightbulb or run to the store to get a replacement hairdryer? How quickly can you find a plumber in an emergency?

In between each guest, the property also needs to be cleaned, bedding and towels need to be replaced and trash needs to be taken out. If you are managing your short term rental on a full-time basis this might not be a problem, but if you have a full-time job or you’re specifically renting out your property while you’re out of town, what can you do?

The benefits of hiring a property manager.

One option of managing your short term rental is to hire a property manager. A property manager, particularly one specialised in short term rental management, can help to optimise processes such as cleaning between guests, doing maintenance checks regularly and having service providers on-call for repairs when things do go wrong.

If you’re in Toronto, you can give us a call at EasyHosts to find out more about our short term rental management services in Toronto. If you’re not ready to hire a property management company yet, make sure you develop checklists for everything to make sure you’re always on top of things. Everything is possible when you have a plan and a system!

What’s the Outlook on the Short-Term and Long-Term Rental Market in Toronto

Due to COVID-19, nearly every industry in the world has been impacted for better or worse, and as a result, have had to adapt to municipal health and safety regulations of their region. With far fewer tourists entering the city, fewer people traveling to the downtown core for business, it has become much more competitive for Toronto property owners to attract long-term tenants at a good price. The short-term rental management in Toronto is making things easier for property owners.

There hasn’t been a better time to be a renter in downtown Toronto in years.  For example, the vacancy rate in the city has hit a 50-year high, and year-over-year prices are down in a big way. According to the Rentals.ca February 2021 Rent Report, the average rent for a one-bedroom in Toronto is down 21.9%.

In addition to covid lockdowns, government regulations on the short-term rental industry have taken effect. You can only rent short-term it is your principal residence, a lot fewer short-term rentals are advertised on booking platforms such as Airbnb.

This opens a huge opportunity for owners to earn rental income from month-to-month bookings or short-term accommodations (under 28 days) on sites such as Airbnb. Many owners do not want to go through the hassle of completing background checks for potential tenants, gathering employment information, credit history, and references. short term rental management in Toronto such as Airbnb handles all the payments and the money is guaranteed. No lease agreement needs to be signed, and before you accept a potential guest, you can look at their previous reviews to have peace of mind they will be reliable and will follow the property rules. The 1 million dollar insurance policy that Airbnb provides is also a huge perk in case property damages were to occur,

Renting out month to month or short term (under 28 days) also lets you make seasonal pricing which gives the owner the benefit of earning more income throughout the year. Tenants also feel more comfortable renting for a month before they commit to a longer term. Once the tenant settles in, the property owner and tenant can build a trusting relationship and negotiate a longer stay through the Airbnb platform or through a short-term rental management service in Toronto.

Why Hire a Short-Term Rental Management Company in Toronto?

Owning a rental property can be financially rewarding, however, it requires a large commitment of time and effort, managing and maintaining the property while attracting the best tenants. We are at a time of economic uncertainty due to COVID-19 lockdowns which have greatly impacted the market of rental management services in Toronto. More rental listings have become available in the market, and demand for these properties has slipped due to the drop in tourism, immigration and residents fleeing the city core for more space in urban areas. As a result, it has become increasingly competitive for property owners to find good reliable tenants at the best rental price.

Easyhosts’ job is to make sure your property stands out and is effectively marketed to a large audience while looking after the day-to-day responsibilities and management of the property. A common concern for most property owners is whether or not short-term rental management companies in Toronto can handle the full volume of work required to market their real estate and keep up with the high turnover. On top of all that, the host needs to ensure proper and consistent contact with guests, negotiate the price, and maintain the property in tip-top shape at all times. Easyhosts has had over 5000 check-ins to date; we’ve seen it all. We guarantee that our full-service rental management team will make the entire process from start to finish hassle-free for you.

When it comes to attracting the best tenants at the best price, having a listing that has consistently earned high praise and positive reviews from guests will go a long way. These positive reviews can be best achieved by hiring professional rental management services in Toronto from Easyhosts, who will always put in the required time and dedication to enhance every guest experience.

Many concerns we hear property owners have with a professional short-term rental management company in Toronto is that they may lose full control of their property. What separates Easyhosts from other management companies is our full transparency with each client. The owner dictates the responsibilities they want Easyhosts to have, and we will tailor our management agreement with each host individually depending on their needs. We are always available to meet with owners to discuss our partnership, and make sure their goals are being met.

Short Term Rental Rules

Residents and property owners are renting out rooms or entire units for short periods (less than 28 days) in growing numbers across Toronto, facilitated by the rise of online platforms such as Airbnb, VRBO, etc. On December 7, 2017, City Council approved the regulation of short term rentalsin Toronto.

Here are the key points of the new rules, which take effect June 1, 2018

  • Short term rentals are permitted across the city in all housing types
  • People can host short term rentals in their principle residence only- both homeowners and tenants can participate
  • People can rent up to three bedrooms or entire residence
  • An entire home can be rented as a short-term rental if owner / tenant is away- to a maximum of 180 nights per year
  • People who rent their homes for short term must register with the city and pay $50

As these new regulations came forward, a growing number of our clients want to continue participating in the revenue earned on Airbnb. Owners are increasingly seeking tenants for periods of 28 days or longer in the gloomy months and Airbnb rental management services in the shiny months.