So you’ve ticked all the boxes in securing your dream property in Bali and you’re now a proud owner of a beautiful villa in one of the world’s top destinations. Unless you’re one of the lucky few who are able to live the luxurious island life year round, you’re most likely looking at the option of turning your villa into a lucrative holiday rental business that will give you a passive income no matter where you are.
With the island’s luxury villa market progressively attracting more and more foreign investors, the demand of villa management services increases and villa owners are now spoilt with plenty of options.
How to choose the best villa management in Bali then? Here are three things to take into consideration, before signing a deal with a rental property management, to make sure your villa lives up to its maximum potential.
AirBnb Host Performance
All villa management companies can handle e-commerce distribution and make sure that your villa is available on online booking sites like AirBnb, but not all companies earned the prestigious AirBnb SuperHost status.
“Potential bookers are more likely to book holiday rental under SuperHosts’ listings because they know they are dealing with a professional.”
Why is AirBnb SuperHost status important? AirBnb awards hosts that meet certain requirements with a special profile badge that makes these hosts stand out on the search results. In a saturated market like Bali, hosts need every advantage possible to stand out from the crowd.
AirBnb Superhosts enjoy increased visibility and priority placement in search results, which ultimately lead to higher traffic, more conversions, better occupancy rate and increased revenue. Also, potential bookers are more likely to book holiday rental under SuperHosts’ listings because they know they are dealing with a professional.
Fixed monthly fee plus revenue-based commission is a common pricing that is offered by most villa management agencies in Bali.
However, choosing a management company that only charges commission fee based on published rate will do you much better in the long term. This kind of pricing system motivates a villa management to implement the best pricing strategy and actively manage distribution channels so both parties benefit the most from it.
Generating the best profits by minimizing expenses without compromising on quality should be the priority of your chosen villa management company.
The best villa management has an in-house marketing team so you don’t have to worry about additional fees for every branding and marketing work such as photoshoot, social media and website development.
“A good villa management company should be able to give 24/7 support to both villa owners and guests.
Keeping time difference in mind, especially if you’re not located in the same timezone as your villa, it’s crucial to choose a villa management that offers round-the-clock support and assistance.
Transparency and efficient communication between the management and owner is the key to achieving desired results. A good villa management company should be able to give 24/7 support to both villa owners and guests.
As a villa owner, you should be able to address your concerns anytime and receive timely response, while a dedicated villa staff should be available on call for your villa guests in case any problem arises.
In conclusion, purchasing the right villa is just the beginning of your holiday rental business journey. You have to make sure your villa is managed by the right company is just as important, especially if you are not always around to deal with problems.
Leave the hard work to an experienced villa management who knows the market well, and kick back and relax knowing your property is in good hands.