5 Effective Ideas for Managing Your Airbnb in Memphis, Tennessee

5 Effective Ideas for Managing Your Airbnb in Memphis, Tennessee

Over 10 million visitors flock to The Home of the Blues. Each person needs a place to rest up for the night. If you own a vacation rental in Memphis, Tennessee, they are all your potential customers.

Airbnb is the go-to short-term rental platform for tourists. Several reasons attract people to use the company, from various listings to local experience and facilities to safety.

Although it's a favored website for tourists, it's also popular with property owners. Thus, there's plenty of competition here.

To showcase your rental, uncover our exclusive Airbnb management tips!

1. Adopt Seasonal and Event-Based Pricing

Memphis is a city bustling with festivities and cultural events throughout the year. As an Airbnb host, you can use this to your advantage to charge premium rates during busy periods.

Research is vital for setting competitive prices and attracting guests. Do your homework and note the cost and features rivals in your area offer to guests. A pro tip is to examine guests' reviews to discover what people are searching for in Airbnb rentals.

Outside of peak season, consider offering enticing discounts. In return, this will attract customers. It's better to have lower prices and a lower vacancy rate than vice versa.

2. Add Themed Decor and Local Flair

The average cost of a short-term rental in Memphis, TN, is USD 140 nightly. Yet tourists will pay more if you incorporate themed decor and local flair into your space.

The region is famed for its music scene, rich history, and upbeat nightlife. Adding art, memorabilia, or small details goes a long way to enhancing the experience.

3. Safety and Security

Safety should always be a priority, especially when working with guests. The city is considered safe for tourists. Nevertheless, the area has a crime rate of 81 per 1,000 residents, putting it above the national average.

A few safety and security measures will help visitors feel safe and relaxed at night. Install high-quality locks and security systems and provide clear instructions on emergency procedures.

Be sure to inspect your security. As a guest, you can check into your Airbnb rentals to locate any problems unclear to the naked eye.

4. Use Professional Cleaning Services

Cleanliness is a top priority for guests. Research shows that 7 out of 10 people will book accommodation based on hygiene. Maintaining a consistent standard can lead to positive reviews and repeat bookings.

Consider using a service that specializes in short-term rental turnover. Or hire a management service to handle this and several other landlord-related jobs.

5. Efficient Communication

Recently, customer service has become a top priority for short-term rentals. Studies indicate that it's one of the most effective ways to obtain repeat clients.

Being available 24/7 to answer queries is vital for top guest satisfaction. People feel secure knowing that they can respond quickly in an emergency.

Furthermore, maintain a professional tone in all communications. This includes using proper language, being respectful, and avoiding confrontations.

Improve Your Rental With Our Airbnb Management Tips

Adding your property to Airbnb is an excellent way to generate significant revenue. Each year, more and more people visit this unique city, giving you a broader audience.

After reading our guide to Airbnb management, you know how to improve your rental. To take the property to the highest level, contact PMI Bluff City today to uncover a professional management service!