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 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. I will also list a couple of Airbnb management companies you should avoid. 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. If you travel a lot, as we do and you own a property, which you can rent out, you can actually earn money while you’re away!
At the end of the post, I will also list companies, I would not recommend based on personal experiences or reviews I found online.
Without further ado, let’s get started.
5 best Airbnb management companies in London and their differences
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
The cons of Hostmaker:
- The controversy of their ads (because of their ads, all the short term rental ads were banned from London underground)
- 6 weeks minimum availability required
- Management fee from 12% and higher
2 Air Blue Lets
The season why I listed a smaller Airbnb management company in London in this list, is because the smaller is the company, the better is the attention your property is receiving.
Air Blue Lets is operating in Central London and offers 24/7 support, which is great. They also have only positive reviews online, however, you need to call them to find out about their fees.
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
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 help me get additional 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.
So which Airbnb management companies should you avoid?
It is really up to you, but make sure to check reviews about the companies online. Some companies are actively involving their employees to write reviews (e.g. Leavy), so it’s hard to understand, what will happen to your property. If it looks like all reviews are written by employees, I would recommend avoiding this company.
Overall, the thing you need to remember is that the company has to make a profit from your property and it will be visited by many guests, so expect a lot of wear & tear. However, if something breaks, good Airbnb management will have an extra insurance to cover the costs of the goods broken. Make sure to ask the company you’re planning to use in advance, whether they have extra 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.