Short-Term Rental and Property Management: Explore the main stages of the short-term rental of an investment property

Have you ever thought about exploring the option of renting out your property for short-term rental on popular platforms such as Airbnb or Booking.com? Using a professional short-term rental management company in Sweden can bring you many benefits that go far beyond what you might initially imagine. These companies take care of the entire rental process, from marketing and listing your property on well-known platforms such as Airbnb, Booking.com and VRBO, to managing bookings and communicating with guests. Entrusting your property to these experienced Airbnb hosting companies gives you complete peace of mind, knowing that your property is in competent and safe hands. Don’t miss out on this opportunity to maximise your income and enjoy the stress-free experience of short-term rentals.

In this article, we will look at the short-term rental process and what it means to partner with a short-term rental company. We will find out what services a short-term rental property management company offers. Then we will explore the different steps you need to take to rent your property with a short-term rental property management company.

So what is a short-term rental?

What is a short-term rental? It’s simple: it’s the practice of renting your property for a short period, often on a daily, weekly or monthly basis, in order to capitalize on the much higher income that short-term rentals generate when compared with long-term rentals.  Short-term rentals like Airbnb and Booking.com allows you to rent your property to business travellers and tourists looking for accommodation for a short period. Short-term rentals can involve different types of properties, such as houses, apartments or even single rooms within a larger property. These rentals are facilitated by online platforms such as the well-known sites you may be familiar with including Airbnb, Booking and VRBO, which connect travellers with the short-term rental property management company, allowing them to communicate and transact with the company. There are currently “more than 4 million Airbnb hosts worldwide and more than 6 million active listings on the platform.” These platforms are therefore the key to the success of short-term rentals, which is why short-term rental property management companies use them. Properties listed on Airbnb were part of the 49 percent increase in international guest stays on Airbnb in 2023.

In Sweden, the market leading short-term rental property management and Airbnb co-hosting company has established themselves on the short-term rental market for several years. SwedBNB, based in Stockholm and with properties all over the country, such as the capital Stockholm, Göteborg, Borrby, Uppsala, offers specialised Airbnb hosting and property management services designed to meet your needs and expectations, and above all to guarantee the well-being of your property. SwedBNB is widely rated as as the best and most-trusted company in Sweden.

What can a short-term rental property management company offer you?

The short-term rental property management companies take care of everything. Short-term rental management services offer comprehensive assistance throughout the rental process. We can say that you are away from management and agitation. These services cover all aspects of managing a short-term rental, from marketing to managing booking requests. In addition, these services manage the maintenance of the property, ensuring that it is clean, well maintained and equipped with all essential equipment, which allows you to save time and effort but especially to leave your worries before leaving. In the event of a problem or emergency, they provide 24-hour assistance to guests and take immediate action to address their concerns. Besides, it allows you to take advantage of the lucrative Swedish short-term rental market and earn significantly more than properties managed by individual hosts. By drawing on the experience of a professional property management company, you can maximise the rental potential of your property, with SwedBNB properties earning 40 percent more than the market average. Your property will only be a source of wealth.

“I had no trouble harnessing the true potential of my home when I entrusted it to a short-term rental property management company. Renting my home has never been easier, as they have managed every detail with expertise, turning my property into a prosperous source of income and a worry-free experience.”

                                                                 Comment from an owner, May 2023

The key stages of short-term rental

Now that you know the benefits of renting your property with a short-term rental property management company, you need to learn about the whole process. Here you will learn the key steps involved in renting your property with the services of a short-term rental property management company.

Making contact and information

When searching and selecting a reputable property management company, it is essential to find the one that best suits your needs and requirements. Sustainability, strict cleaning protocols, the priority for families? So, take the time to look for companies with a solid reputation in Sweden that have proven experience. According to our tip, SwedBNB, a short-term rental property management company operating throughout Sweden, is highly regarded for its most reliable services. Once you have identified your company, make an appointment with them to discuss their services, rates and contract terms in more detail. During these meetings, ask specific questions about their rental management process, their experience in your specific area and the strategies they use to maximise rental returns. Remember to read and understand the policies and guidelines. Specific steps and procedures may vary slightly depending on features and updates, so it’s always best to check the company’s website or contact their customer service department for any specific instructions or assistance. But don’t take our word for it, assess the professionalism and trustworthiness of the companies yourself. It is very important you feel a connection with the company you give your keys to.

Valuation of your property

Once you have chosen a short-term rental property management company, the next step will be a thorough evaluation of your property. This assessment will enable the company to determine the rental potential of your property and identify any improvements or repairs needed to maximise its rental value. For example, as part of SwedBNB’s services, property management professionals will carry out a detailed visit to your property, examining every aspect from fixtures and fittings to decoration and furniture. Interior design, landscaping your outdoor space, adding sustainable supplies, children’s furniture, they will be able to provide you with specific recommendations to improve the attractiveness of your property to guests. By making these improvements, you can increase the rental value of your property and attract more guests interested in short-term stays!

Marketing your property on popular short-term rental platforms

Next step? Marketing and communication of your property. The short-term rental property management company will take care of creating an attractive advertisement for your home to highlight its features and amenities. They will use their property marketing experience to create a captivating description and professional photographs of your property. They will also promote your property through various advertising channels, such as popular online rental platforms like Airbnb, booking.com or VRBO, relevant social networks, as well as their own network of travellers. These targeted marketing efforts will maximise the visibility of your property and attract a large number of travellers.

Managing the short-term rental of your property

Throughout the rental period, the short-term rental property management company will handle all communication and interaction with the guest. In fact, the short-term rental property management company will manage enquiries and booking requests, answering questions promptly and professionally. They will take care of all maintenance requests, coordinate any necessary repairs and carry out regular inspections to ensure that the property is well maintained. In addition, they will ensure that the guest complies with all conditions and regulations. The property management company will make regular visits to the property in order to detect any problems at an early stage and take the necessary steps to resolve them. In the event of non-compliance with contractual obligations by the guest, the property management company will also take all necessary action. You won’t have to put any effort into managing your property bookings. These companies promise to keep your calendar full of bookings.

Financial reports, rental income

We know that the entire finance part of your property can be complex to understand. This is especially what can stop you from renting your property. Don’t worry, the short-term rental property management company will take care of the financial side. The short-term rental property management company will provide you with detailed financial reports, including income and expenditure statements, to keep you informed about the financial performance of your property. They will pay you the rental income on a regular basis, usually according to a pre-agreed schedule. Besides, they will remain available to answer any questions or concerns you may have about your property.

Are you convinced? Renting out your property on a short-term basis through a property management company frees you from the day-to-day responsibilities of managing a rental property, and all the guest relations that are needed 24/7. Using a professional Airbnb hosting and property management company allows you to benefit from passive income by leaving all the necessary tasks to the management team. This allows you to concentrate on other aspects of your life, with the reassurance that your property is well maintained, and generating maximum financial returns.