Vacation Rental Management Company
Manage vacation rental properties for owners handling Airbnb, VRBO listings, guest communication, cleaning, and full-service property management
Overview
Vacation rental management companies manage short-term rental properties for absentee owners - handling listings, bookings, guest communication, cleaning, maintenance, and maximizing rental income.
You serve as full-service manager for vacation rental portfolios.
Management fees range from 20-35% of rental revenue per property.
Managing 20-50 vacation rental properties generates $150,000-$500,000 annually with 40-60% margins after operating costs.
Target clients include vacation rental property owners, real estate investors with STRs, second home owners, inherited properties, out-of-state owners, and property owners lacking time for self-management.
Services include Airbnb and VRBO listing management, guest communication and booking, cleaning and turnover coordination, maintenance and repairs, pricing optimization, and property inspections.
Success requires vacation rental platform expertise, local market knowledge for pricing, reliable cleaning and maintenance teams, excellent guest communication, potentially property management software, and building trust with property owners.
Many vacation rental managers specialize geographically in vacation markets, charge percentage of revenue versus flat fees, offer additional services like linen programs or restocking, use dynamic pricing software for revenue optimization, potentially own some rental properties themselves, and scale by building operations systems serving larger property portfolios.
Required Skills
- Vacation Rental Operations
- Property Management
- Guest Services
- Team Coordination
- Revenue Management
Pros and Cons
Pros
- Growing vacation rental market
- Recurring revenue from managed properties
- Can scale with property portfolio
- Remote management possible with systems
- Multiple revenue streams (management, cleaning, maintenance)
Cons
- Guest issues and complaints 24/7
- Regulatory uncertainty with STR laws
- Seasonal demand in vacation markets
- Managing owner expectations
- Competition from national management companies
How to Get Started
- Learn vacation rental operations and platforms
- Build cleaning and maintenance teams
- Get initial property management clients
- Set up property management systems
- Use dynamic pricing software
- Market to vacation property owners
- Scale through operational excellence
Explore More Accommodations & Lodging Ideas
Discover additional business opportunities in this category.
View All Accommodations & Lodging Ideas →