Last updated on August 2nd, 2019
If you’re looking for the best Airbnb management companies in London, you’re in the right place. In this post, I will share with you 5 best Airbnb management companies in London and will highlight the major differences between Leavy, Airsorted vs Hostmaker and some other property management companies in London. Also, make sure to read this post until the end, as at the end, I will share some very important information about the cons and Airbnb management companies nightmares. If you’re interested in reading about my experience of almost buying a property in London and then refusing to sign a ridiculous contact, check this post.
Why use an Airbnb management company or a property management company in London?
Whether you’re an experienced landlord looking to increase your income or someone who travels often and wants to earn additional income from your property, there are multiple reasons to use a property management company in London. Even though Airbnb lets were restricted to 90 days in London, you can still combine Airbnb lets with longer lets and earn more than compared to a long-term rental. It’s easier to do it through the company, so you don’t spend days looking for tenants in all the different platforms.
Another reason to use an Airbnb management company in London is because they scale and do all the processes for you – they take good photos of your property, ensure that cleaning happens before and after each guest. They also take care of the keys and bed linen and in some cases, your property is also covered by their insurance.
Without further ado, let’s get started.
5 best Airbnb management companies in London and their differences
Leavy is the newest player on the property management company market in London. Leavy.co started in Paris, France in 2017 and in 2019 it got a huge investment and expanded its operations to London, Amsterdam, Rome, Madrid and Lisbon. Leavy in London is based in Soho.
If you’re looking for an Airbnb management company because you want to avoid the hassle, Leavy.co is your best bet. They manage your property for you and pay you a fixed guaranteed payment regardless of occupancy. They also accept very shorts lets from 2 nights only.
Pros of Leavy:
- Guaranteed fixed payment regardless of occupancy paid 72 hours after your leave
- Minimum availability needed – 2 nights (you can rent out your property for a weekend)
- No management fees, free to use
- Cleaning, linen, keys and insurance included
Cons of Leavy:
- You might earn more with other companies or with Airbnb directly if you manage to achieve 100% occupancy
Leavy is great if you’re a professional or a homeowner, who goes away often and wants to earn extra money by renting out your property.
Airsorted is the biggest Airbnb management company in the world and at some point, they got their ads all around London. Airsorted is targeting landlords, who want to maximise their income by using a range of Airbnb lets, short lets and longer lets. Airsorted is a great company, however, there was a bit of controversy involving them and Modestep on Twitter, but I don’t know, how much of that is true. You can read more here.
Pros of Airsorted:
- A very big company operating in multiple cities around the world
- You get paid 2 days after your guest check-ins
- Cleaning, keys and linen sorted
Cons of Airsorted
- 6 weeks minimum availability required
- A lot of recent complaints on Social Media
- You need to pay £90 upfront as a host and 12% commission plus cleaning fees for the initial guests
- You can potentially earn nothing if nobody books your flat
Hostmaker is another of the biggest Airbnb management companies around the world and in London. You could have noticed their ads with pigeons all around London Underground. However, one of their recent ads got a lot of backlash. Long story short, people think that Hostmaker is putting long lets in danger and contributed to increasing rents in London, so people get outpriced of the areas, where they used to live for years. Some people even started a petition against the company’s ads.
Pros of Hostmaker
- A huge reliable company
- A great website and an app
- Potentially very high income from your property if you reach a high level of occupancy
Cons of Hostmaker
- Controversy of their ads
- 6 weeks minimum availability required
- Management fee from 12% and higher and no information about their fixed pricing model
4. Pass the Keys
Another, this time smaller Airbnb management company in London is Pass the Keys. They started in London a couple of years ago and now have a good base of loyal clients.
Pros of Pass the Keys:
- Great reviews online
- Small company with a personal attitude
- Good customer service
Cons of Pass the Keys:
- Very expensive to use – 12 to 24% commission.
- 4 weeks minimum term
And the last of the top 5 best Airbnb management companies is GuestReady. GuestReady is an international company operating in 6 countries.
Pros of GuestReady
- A large company with over 1000+ properties
- Achieves a superhost status for you pretty fast (allegedly)
- Takes care of everything
- Free to list your property
Cons of GuestReady
- Last time I checked, the minimum term was 8 weeks
- You get paid once a month
- 12% commission
So what’s the catch with the Airbnb management companies? Cons of Airbnb management companies
If you’re thinking that Airbnb management companies are too good to be true and what’s the catch, I’m here to spill the tea and tell you all the secrets.
Overall, I think the idea is great and using an Airbnb management company is a win-win situation. I would personally use a company that would guarantee me a fixed income, e.g. Leavy, so I can plan my finances and spending, however, I totally understand people who buy a property as an investment and would want to risk a bit and potentially get a higher income.
However, one of the main concerns of the people is what is going to happen is something breaks in the apartment / house and who is going to stay at the property. There’s a lot of negative comments regarding one of the properties that belongs to a famous musician. Long story short, he used one of the biggest Airbnb management companies and returned to his flat finding it all mouldy and not suitable for living. The company allegedly stopped replying to his messages. The situation is still ongoing, but you can read more here.
Overall, I think, these cases are very rare and if you regularly check on your property, you should be fine. Also, you need to make sure that the short let management company that you picked, actually has an insurance. I hope that you found this post useful and now you know about the differences between different property management companies in London such as Airsorted vs Hostmaker and Leavy (and the others).
Please let me know if you have any questions.