Homeowners or managers of Airbnb properties and vacation rentals often find it easy to bring in money through these facets, but the reality is different when it comes to managing these rentals using Best Property Management Software. Guest communications, booking arrangements, following cleaning schedules, and generally taking care of payments and other business operations can quickly become a hassle.
A property management software comes in here. These tools are created to ease the burden on your operations and allow for boring tasks such as making check-in instructions or reports more efficient and quicker to create, which ultimately should increase the quality of the guest experience. And even if you are just starting up as an independent host or running a multibillion-dollar real estate company, it is difficult to imagine that with the right software, your approach to managing your properties will remain the same.
But with a seemingly endless number of options which one do you pick? I will outline some of the popular choices for property management software, its characteristics, pricing policy, and potential use for hosts on Airbnb or any vacation rental.
Why You Need Property Management Software
There is an important question to answer before we get to the list of the best property management software let alone why it is compulsory to use one such application:
Automating Duties: These tools relieve the hassle of checking guests in, communicating with them, and even collecting payments; all tasks that are not only time-consuming but essential.
Unified Control: Using a property management tool enables you to control several properties and several channels from a single interface.
Heightened Effectiveness: Through the use of automation, chances for human error are lessened, all while time is also being saved.
Improved Customer Satisfaction: Allowing for automated messages and faster responses will relatively help to streamline the booking process and provide a more pleasant experience.
Growth Potential: The more your firm expands, it will not add difficulty to the software while still allowing for more properties and features to be added.
Features to Look for in the Best Property Management Software
To easily find the best property management software, make sure to highlight the following points:
Integration Management: Ability to connect to AirBnB, Booking.com, and Vrbo.
Mechanization: Ability to send messages, confirm bookings, or delegate tasks.
Automated Adjustment of Prices: Ability to modify prices as needed but only in regards to the market.
Reports and Analytics: Information regarding occupancy, revenues, and performance metrics.
Convenience: An easy-to-use user-friendly interface.
Assistance and Growth Potential: Client service to attend to your needs as well as to allow growth factors to assist your business.
Now, let us check out some of the finalists that emerged as the best software for Property Management but for AI.
Hostaway
Hostaway is one of the most advanced and versatile Property Management Software available today. It connects effortlessly with all preferable booking sites and its features are able to enhance the use of rentals immeasurably.
Features: Automated messaging, channel management, dynamic pricing, and advanced reporting.
Pricing: Starting at $100/month but depending on several listings the prices vary.
Best For: Property managers who are seeking a comprehensive solution.
Guesty
Guesty is one of the most frequently used Property Management Software by professional property managers due to its wide range of features. It can be used to reach out to guests or handle payment transactions.
Features: Channel management, task automation, owner reporting, and website builder.
Pricing: Based on the existing portfolio of managers, there is a custom price for every tenant.
Best For: Managers that work with a large number of properties.
Lodgify
Lodgify targets renters and more specifically those who are interested in building personalized booking websites using Property Management Software. This is a great option for people who wish to lessen their dependency on intermediaries for their booking requirements.
Features: Website builder, booking management, payment processing, and integrations with major OTAs.
Pricing: It starts from $12 on a basic plan.
Best For: Renters who want to increase their direct bookings.
iGMS
iGMS (an abbreviation for AirGMS) is a Property Management Software targeted at property managers, and it almost feels idealistic simply because of how intuitive it is. For hosts and small-scale property managers, this is perfect.
Features: Automated communications, task creation, team collaboratives, and reporting tools.
Pricing: It starts at $20 per month per property.
Best For: This is suitable for small to medium-sized property managers.
Tokeet
Tokeet provides an all-in-one solution for property managers looking to optimize their core operations through increasing productivity. Tokeet offers a variety of pricing models based on numerous integrations. It is one of the most used Property Management Software in the Short Term rental market.
Features: Channel Management, invoicing, reports, and dynamic pricing tools.
Pricing: Basic Plans start from $19.99 per month.
Best For: Tokeet would be excellent for managers who are looking to cut costs.
Buildium
Buildium is a solid platform for vacation rental managers who have long-term properties as well. This is helpful for someone who manages multiple types of properties at once.
Features: Financial tools, tenant management, maintenance and repair management, and reporting tools.
Pricing: Basic Plans start from $50 a month.
Best For: This platform is suitable for property managers who are dealing with mixed portfolios.
Aiyourbnb
Aiyourbnb is a newly developed tool for AirBnb hosts, it is now the perfect tool for people making their debut on the online rental market. Aiyourbnb seeks to increase awareness and visibility of property and automate secondhand tasks.
Features: Automating guest interactions, optimizing the occupancy rate, and connecting with OTAs.
Pricing: Pricing plans are flexible.
Automateyourbnb
For hosts looking to automate their Airbnb activities and grow their business, automateayourbnb is a good alternative. It delivers tailored services to reap the most output and profits.
Features: Advanced automation, revenue management, and optimizing the property.
Pricing: Starting from around $50/month.
Best For: For Subs that want to make their Airbnb sub-letting business even more productive.
How to Choose the Best Property Management Software
It serves as a checklist after conducting extensive research on several options. Nevertheless, there are a few pointers to keep in mind.
Identify Your Needs: Determine the scope of your portfolio and what particular features you need.
Establish a Price: See pricing schemes that are in line with your financial capabilities.
Look Through the Comments: Peruse user reviews for some insights on the actual advantages and limitations.
Get to Know the Software: Get free trials or opt for demos for an experience firsthand.
Benefits of Using the Best Property Management Software
- Best property management software has many advantages:
- Save Time: Automation will allow other tasks to be accomplished.
- Accuracy Improvements: Mistakes in booking and payments are lessened.
- More Revenues: Dynamic pricing systems will increase income.
- Guest experience is enhanced: Quick replies and smooth processes ensure a pleasant visit.
Solutions that Scale: It’s simple to add more locations when your company expands.
Selecting the right Property Management Software would overwhelm all the activities of your Airbnb and vacation rental properties. The appropriate software helps with various things including automating tasks and enhancing the experience of the guests. From the everyday novice host to the property manager with years of experience, getting an investment in high-quality software gets you closer to your intended purpose.
However, Hostaway, Guesty, Lodgify, Smartbnb, Aiyourbnb, and Automateyourbnb have some features that don’t disappoint in satisfying different expectations. Try out their features through free trials and see what works best. You will enjoy the management of your Airbnb or Property Management Software with the right tools.
