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Chicago Airbnb Management Service by MasterHost

MasterHost is the leading short-term rental management company in the Chicago Metropolitan Area. We have been pioneering the Airbnb management industry since 2015 and offering full property management service to hosts in Chicago, Aurora, Joliet, Naperville, Elgin, Kenosha, Waukegan, Cicero, Schaumburg, Evanston, Hammond, Arlington Heights and Bolingbrook.

Our dedicated team of professional agents will assist you with all of the daily tasks running your Airbnb listings. We will handle guest communication, calendar management, pricing optimization, maintenance, cleaning and laundry, emergency response, keys management, and so much more. 

MasterHost in Chicago at a Glance

8+

Years on the market

Offering Airbnb Management Services in Chicago since 2015

From 10%

Per booking

Most Competitive Airbnb Management Rates in Chicago

300+

Properties

Largest Airbnb Management Portfolio in Chicago

How Much Your Airbnb Property In Chicago Can Generate?

Note that you will receive an approximate rate. A more accurate estimate will be provided after the meeting at the property as factors like quality of renovations and furniture, view, building amenities, etc can significantly affect the rate.

How Airbnb Management in Chicago Works

Forget about the stress of Airbnb property management in Chicago and let our team take care of your guests so that you can relax and enjoy your free time while earning more from your investment. Your hassle-free Airbnb management experience in Chicago begins with three simple steps:

Airbnb Management Surrey
  • Free Consultation in Chicago

    Reach out to MasterHost today and schedule a free consultation to discuss how we can help with Airbnb management of your property in Chicago. Our management team will visit your home, recommend interior design improvements, schedule a professional photo shoot, and provide targeted market analysis.

  • Airbnb Listing + Booking
 Management in Chicago

    MasterHost will create SEO-optimized Airbnb listings with special attention to high-ranking keywords and premium short-term rental rates in Chicago. We will manage your Airbnb calendar and respond to booking requests while thoroughly vetting Airbnb guests and confirming booking reservations.

  • Airbnb Property Management in Chicago

    This is where MasterHost really excels! You can sit back, relax, and let us handle everything related to the guest’s experience of your Airbnb property in Chicago. Watch the 5-star listing reviews roll in as we take care of guests check-ins and key exchange, 24/7 concierge service, laundry/cleaning services, and everything in between.

What Our Chicago Clients Say

“It’s been a smooth ride so far with our agent at Masterhost. He is experienced and very professional. Many thanks!”

JuliaChicago, IL

“Absolutely the best Airbnb management company in Chicago. We’ve tried a few and MasterHost definitely stands out.”

MarkChicago, IL

Airbnb Management Fees In Chicago

BASIC

10%

per booking

FULL

12%

per booking

VIP

Special Rates for Hosts with 5+ Listings

Airbnb Insurance Consulting

Airbnb Key Exchange

Airbnb Guests Communication

Airbnb Cleaning & Laundry

Airbnb Property Maintenance

Airbnb Licensing Support

Airbnb Interior Design

Airbnb Photography

Airbnb Listing SEO

Airbnb Price Optimization

Airbnb Booking Management

Airbnb Guest Book

Airbnb Concierge Service

Benefits of Working with MasterHost in Chicago

Nobody Can Beat Our Airbnb Management Fees

MasterHost offers the most competitive Airbnb management fees in Chicago with flexible pricing packages starting from 10%.

Full Control and Direct Payments from Airbnb

Our clients in Chicago maintain full ownership of their Airbnb accounts and listings and receive payments directly from the platform.

Forget About Fixed-Term Contracts

You will never be locked in a fixed-term management contract with us. All contracts are on a monthly basis with 1-month cancelation policy.

No Onboarding or Cancelation Fees

Unlike with other Airbnb management companies in Chicago, you will never have to pay any onboarding or cancellation fees with MasterHost.

Full Transparency & Detailed Statements

We issue invoices at the end of each month based on revenue hosts collected and include detailed statements.

Special Deals for Hosts with Multiple Listings

If you have multiple Airbnb listings in Chicago and looking for a special deal, we can offer custom pricing packages to fit your property management needs.

Airbnb Management Services In Chicago

Airbnb Licensing Support in Vancouver

Airbnb Licensing Support In Chicago

It is a known fact that most countries, provinces, cities, and often even strata buildings have special rules and bylaws that directly or indirectly regulate the Airbnb licences in Chicago that are required to list on the platform. MasterHost will be your trusted and knowledgeable source of information in this complex process. We will guide you all the way when it comes to working with the municipalities and building stratas ensuring that you meet the Airbnb licensing requirements in Chicago.

Airbnb Interior Design Services in Vancouver

Airbnb Interior Design In Chicago

When it comes to making your listing stand out from the competition, superior Airbnb Interior Design in Chicago is among the top priorities. This in turn will allow you to significantly increase guest traffic. It is crucial to understand how your property should be staged in order to highlight the key features. This will affect your bookings and experience of your guests. Let our Airbnb Interior Design partners improve the aesthetics of your property in Chicago and increase its value.

Airbnb Professional Photography in Vancouver

Airbnb Professional Photography In Chicago

The first impression counts the most and that is a fact! Investing in Airbnb Professional Photography in Chicago is one of the most important steps you will need to take during the Airbnb rental journey. MasterHost will arrange for our Airbnb photographers in Chicago to make your listing stand out from the rest.

Airbnb Property Insurance in Vancouver

Airbnb Property Insurance In Chicago

We know the short-term rental and vacation management industry in Chicago inside out and over the years we have seen it all. Our goal is to connect you with the most trusted home insurance providers. Only with them can you have peace of mind and be certain that your home and your guests are safe and insured during their stay.

Airbnb Listing SEO Vancouver

Airbnb Search Engine Optimization In Chicago

We work hard to stay up to date with Airbnb Search Engine Optimization (SEO) in Chicago. With years of experience and constant improvements, we continue getting our clients’ listings in the top Airbnb search results. We use many different strategies and analyze response rates, cancellations, headings and listing content, photos, reviews, and much more.

Airbnb Price Optimization Vancouver

Airbnb Price Optimization In Chicago

Because of the nature of our business model and unlike most of the competition our main priority is to achieve highest occupancy rates at the top nightly prices. MasterHost employs many Airbnb Price Optimization tools in Chicago and uses Big Data competitive analysis, seasonality, hotel industry, and local events. This allows us to stay ahead of the competition.

Airbnb Booking Management Service Vancouver

Airbnb Booking Management In Chicago

The main elements of our Airbnb Booking Management in Chicago are calendar management, multi-channel capabilities, guests vetting and communication, instant booking settings, price optimization, and booking confirmation. Most of this work is completed before the guests arrive behind the scene.

Airbnb Key Exchange Vancouver

Airbnb Key Exchange Management In Chicago

We ensure that the most challenging part of Airbnb property management in Chicago is handled with ease. If done incorrectly it can easily destroy the guests’ entire experience. Yes, you’ve guessed it – we are talking about Airbnb key exchange management in Chicago. We will make sure to provide your guests with seamless 365/24/7 access to your property. No matter what time of the day or night they arrive you can be certain that they will enter your property.

Airbnb Welcome Guest Book Vancouver

Airbnb Welcome Guest Book In Chicago

When you sign up with MasterHost it will be our job to prepare a custom Airbnb Guest Book that will be distributed to all future arrivals. The Guest Book will highlight your property listing the most important instructions about the unit, the parking, amenities, emergency contacts, WiFi, house rules, strata bylaws, trendy restaurants, and coffee bars in Chicago.

Airbnb Concierge Service in Vancouver

Airbnb Concierge Service In Chicago

What is Airbnb Concierge Service in Chicago? Often overlooked by inexperienced hosts this is a crucial element of our overall Airbnb Management Strategy. It can earn you a significant added cash flow when executed correctly. For example, we can offer your guests services like guided excursions and tours, Airport pick-ups and transfers, booking tickets to local events and shows, reserving space at restaurants and so much more. 

Airbnb Cleaning Services Vancouver

Airbnb Cleaning & Laundry In Chicago

We will share our corporate secret with you and let you know the most common reason why hosts fire their Airbnb property managers before switching to MasterHost. Poorly executed Airbnb Cleaning and Laundry get mentioned most often in the negative reviews. We understand that our cleaners’ performance directly impacts the reputation of your listing. That is why we take Airbnb Cleaning in Chicago very seriously. We invest in training and building our cleaning team to offer you a 5-star hotel cleaning experience in Chicago.

Airbnb Property Maintenance Vancouver

Airbnb Property Maintenance In Chicago

Preventative Airbnb property maintenance in Chicago remains on the top of the list of all sophisticated Airbnb investors and for a good reason.  If you complete them on a regular basis you can prolong the life expectancy of your real estate investment. The last thing you want is a loss of revenue in the middle of your peak season because you have failed to perform routine maintenance of your property in Chicago. 

Advertise On Major Platforms In Chicago

Based on the latest short-term rental market statistics Airbnb is the most popular platform in Chicago with 92% of the market share. VRBO/HomeAway is standing in second place with a market share of 5%. Booking.com and TripAdvisor have the third largest share of the market at 3%.

MasterHost uses all tools at our disposal to achieve superior results. One of the most important tools is Airbnb management software with multi-channel capabilities and native integrations. With this software at hand, we are able to reach 99% of the entire Chicago short-term rental traffic. Achieving maximum occupancy rates throughout the year for your Airbnb property has never been this easy!

New York Airbnb Management FAQ

AirDNA reported 6127 active rentals in Chicago. 90% of the total are listed on Airbnb. Chicago is one of the most affordable destinations in the USA. The price-to-rent ratio is 20:1. The recent study displayed the cash-on-cash ratio as 1.24%. Covid-19 afflicted the market from within. The quarterly rental growth has recovered and is currently at 13%. You won’t find exclusive amenities in abundance in the city. The basics- air conditioning, parking, internet and heating are common among the winners. Blueground is the best-performing property manager currently. 

Chicago offers vacation opportunities to visitors at affordable prices for the mass. Volume is guaranteed in such a market. How you milk this opportunity depends on you. Profitability depends on your operation. Based on the current active rentals in the city, the average monthly revenue is $2791. Peak season can take the revenue over $4000 monthly with an occupancy rate of around 80%. It is a profitable yet risky market currently. The properties are not always doing well. You have to enter the market with a bulletproof plan. 

Hosts must register and renew their shared housing units directly through the Department of Business Affairs and Consumer Protection’s Shared Housing Registration Portal. All hosts, not just those with shared housing units, are mandated to include their license number in the listing advertisement. For stays of 29 nights or less, Cook County additionally levies a 1 per cent hotel accommodations tax on the listed amount, and Chicago levies a 4.5 per cent hotel accommodations tax, a 4 per cent shared housing surcharge and a 2 per cent domestic violence surcharge on the listed price. The State of Illinois additionally levies a number of hotel taxes that might be applicable to your listing.

You have to take balanced steps in Chicago for developing a profitable business. Every decision should favour the listing’s development. MasterHost is your opportunity to deal with the market efficiently. We know the guests; we know how to make them happy. You can turn to MasterHost at any stage of building your business, and you will find a helpful service to solve your problems. MasterHost assists you reaching your audience better through SEO services. It helps you in creating a captivating listing with enchanting interior designs and irresistible photographs.

The average daily rate in Chicago throughout the year is $192. During peak seasons, it reaches $244, and in slow seasons the daily rate caps at $167. Chicago is the city of skyscrapers and art. From architectural excellence to astonishing museums, every attraction affects the pricing of your property. The proximity to the tourists’ favourite spot is the key factor, besides the amenities offered. 

Airbnb, Booking.com, HomeToGo and Holidu are the four leaders in the Vacation rental kingdom of Chicago. These are favourites of the guests as well as the hosts. Holidu is easy to use and comes with a synchronized calendar for your listings on multiple platforms. Airbnb is one of the most popular and trusted platforms across the globe. Booking.com is the go-to short-stay rental platform for amazing deals. Lastly, HomeToGo brings together the listings from various sites for increasing your reach and decreasing the guests’ work. 

In Chicago, you will mostly find entire homes. Only 20% of rentals offer private and shared rooms. Rest all earn their income through the spacious homes in the city of Chicago. Single- and double-bedroom properties rule the short-stay rental segment in the city. For a low-budget solo traveller, a studio is also offered by 8% of the active rentals. 30% of listings with 3 plus bedrooms are waiting for groups of 5-6 people to plan their trip to Chicago. 

Chicago’s winters are not very famous amongst the visitors. Whereas summer is loved by everyone. The warm weather, mesmerising view and grand festivals are the highlights of the peak season for Airbnb hosts in Chicago. Seasons play a crucial role in the city’s vacation rental market. The difference between the occupancy rate in the slowest and the busiest month is 48%. In July, the occupancy rate reaches 83%

Only 23% of the total listings restrict the minimum stay duration to 30 days. The majority set the minimum mark as 2 nights. The latter helps in getting scattered bookings even during the slow seasons. The city of Chicago has banned single-night stays in short-term rentals. On average tourists spend 3-4 days in the city. They experience the adventure and set off.