Ever since we have entered the Airbnb management market in the Delaware Valley and the Philadelphia Metropolitan area, MasterHost has been dominating on all fronts. The reason for that is our most competitive rate of 12% for full property management service, expertise in the area of vacation home rental, and most importantly, the dedicated team of professionals.
MasterHost has been serving Airbnb hosts in the following communities since 2015: Philadelphia, Reading, Upper Darby Township, Camden, Wilmington, Cherry Hill, Gloucester Township, Vineland, Bensalem Township, Lower Merion Township, Abington Township, Bristol Township, Haverford Township and Washington Township.
Years on the market
Offering Airbnb Management Services in Philadelphia since 2015
Per booking
Most Competitive Airbnb Management Fees in Philadelphia
Properties
Largest Airbnb Management Portfolio in Philadelphia
Forget about the stress of Airbnb property management in Philadelphia 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 Philadelphia begins with three simple steps:
“My Philly condo has been under Masterhost’s management for 2 years now. They take care of everything for me including calendar management and messaging with guests.”
“This is by far the most experienced Airbnb management company I worked with over the years. I switched to Masterhost last year and am amazed at the amount of work they do for the commission they charge.”
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 Philadelphia 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 Philadelphia.
When it comes to making your listing stand out from the competition, superior Airbnb Interior Design in Philadelphia 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 Philadelphia and increase its value.
The first impression counts the most and that is a fact! Investing in Airbnb Professional Photography in Philadelphia 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 Philadelphia to make your listing stand out from the rest.
We know the short-term rental and vacation management industry in Philadelphia 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.
We work hard to stay up to date with Airbnb Search Engine Optimization (SEO) in Philadelphia. 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.
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 Philadelphia and uses Big Data competitive analysis, seasonality, hotel industry, and local events. This allows us to stay ahead of the competition.
The main elements of our Airbnb Booking Management in Philadelphia 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.
We ensure that the most challenging part of Airbnb property management in Philadelphia 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 Philadelphia. 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.
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 Philadelphia.
What is Airbnb Concierge Service in Philadelphia? 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.
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 Philadelphia very seriously. We invest in training and building our cleaning team to offer you a 5-star hotel cleaning experience in Philadelphia.
Preventative Airbnb property maintenance in Philadelphia 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 Philadelphia.
Based on the latest short-term rental market statistics Airbnb is the most popular platform in Philadelphia 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 Philadelphia short-term rental traffic. Achieving maximum occupancy rates throughout the year for your Airbnb property has never been this easy!
10%
per booking
12%
per booking
8%
per booking
Airbnb Insurance Consulting
Airbnb Key Exchange
Airbnb Cleaning & Laundry
Airbnb Property Maintenance
Airbnb Guests Communication
Airbnb Listing Creation
Airbnb Listing SEO
Airbnb Booking Management
Airbnb Price Optimization
Airbnb Guest Screening
Multi-Channel Management
Payment Processing
Airbnb Guest e-Book
Airbnb Concierge Service
Airbnb Licensing Support
Airbnb Interior Design
Airbnb Photography
What Does Philadelphia Airbnb Market Look Like?
Since 2019, vacation rentals have increased by 15% in the city. 89% of the active rentals in Philadelphia are listed on Airbnb. Airbnb’s $1 million host protection insurance and wide reach across the globe, attract short-stay rental owners in Philadelphia. The city centre neighbourhood is the star of the city’s vacation rental market right now.
Is Running an Airbnb Business Profitable in Philadelphia?
During June the average revenue for Airbnb was $2410. Airbnb hosts in hotspots such as City Centre enjoy even higher profit margins. The real estate market in Philadephia is like fertile soil. If you sow your business seeds in the right way, you will be rewarded with heavy returns. Airbnb businesses are earning $1282 even during the slow seasons. You have to shine amongst the 5750 active rentals to make your company profitable.
How is Airbnb Business Regulated in Philadelphia?
In order to rent out a property on Airbnb for up to 30 days in a row to one individual or group, homeowners must have a Zoning Permit for Limited Lodging and Commercial Activity License. You also require a Limited Lodging Operators License but not a Rental License. To avoid disturbance in the neighbourhood, a fine is charged for making excessive noise. There can only be a maximum of three persons living there (including the owner and renters) who are not linked to one another through blood, marriage, life partnerships, adoption, or foster-child status. City of Philadelphia tax (8.5%) is charged every month.
Why Choose MasterHost as an Airbnb Management Company in Philadelphia?
Most management platforms give you the support to smoothen just your backend. We focus on holistic management of your business. We can handle multiple properties on multiple platforms while maximising profits. We assist from the beginning. We will help you invest in a fruitful property and develop it into a profitable listing. MasterHost advises multiple platforms. We believe you should not miss any opportunity to reach your guests. We will manage the organizing and coordination. Masterhost also offer services to make your guest stay delightful. From concierge to key exchange, we got everything covered.
What Are the Airbnb Daily Rates in Philadelphia?
$161 is the daily rate in Philadelphia currently. The daily rate slightly fluctuates every month based on the season. The difference between the highest and lowest daily rate calculated monthly is just $24. It is a consistent market for Airbnb business. The daily rate for 2 and 2+ bedrooms in prime locations such as the city centre is usually above $150. Where daily rates for studio apartments can go as low as $50 in university city. Location and size are the main factors for your pricing.
What Are the Most Popular Rental Platforms in Philadelphia?
The top spot on the list is occupied by Airbnb. The platform adds credibility to your listings. Once you earn the tag of Superhost, your viability will dramatically improve and guests will begin trusting you more. Booking.com is another big name in the city. It is easy to use and smoothly handles payments and disputes. VRBO is also a go-to platform for visitors looking for affordable places to stay in Philadelphia. The offers are beneficial for both the guests and the hosts.
What Are the Airbnb Rental Types and Sizes in Philadelphia?
Only 1% of the active rentals in the city offer shared rooms. The majority of listings are for entire homes. 26% also offer private rooms for tourists seeking a peaceful stay on budget. The majority of Airbnb listings are for 1 bedroom and 30% is for double bedroom rental size. It accommodates 5 guests on average. If you are planning to target families, a 3 bedroom is also a great investment opportunity. 14% of the total are enjoying the benefits. Studio apartments are also easy to find in the market. Hosts don’t have to invest a huge sum of money and solo travellers can easily afford it.
Is There Any Seasonality in Airbnb Business in Philadelphia?
June through August is the busiest season for Airbnb hosts in Philadelphia. The weather is pleasantly warm. While tourists cherish the wonderful festivals and events, hosts enjoy an occupancy rate of 70%. The revenue during the peak season is 87% more than the Airbnb revenue during winters. March to May and September to November are the bridge seasons joining the high and low of the financial year. Philadelphia is best known for its outdoor activities. Thus, summer wins the competition for the peak season.
What Are the Minimum And the Average Stay Duration in Airbnb Rentals in Philadelphia?
Philadelphia welcomes variegated guests, some looking for just a night’s stay in the city. After being in the market for years, 52% of listings cater to such guests. These listings have a minimum stay duration of 1 night. A 2-night minimum stay is also popular in the city.
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