Airbnb Property Management Malibu

Yes. Malibu requires that any unit/property that will be operated within the city as a rental will need to apply for a Home-Sharing License from the city. The Home-sharing and Extended home-sharing license(s) help to ensure the rental unit meets and maintains the housing standards implemented by the city. Hosts will also need to make sure that all of their properties must be in accordance with city and county bylaws maintaining a high standard of both interior and exterior property maintenance. 

Malibu defines a short-term rental as the rental of the host’s primary residence or ADU for stays of 30 consecutive days or less. To legally operate the rental hosts must obtain a city-issued short-term rental permit, renew it annually and display the permit number on all listings; online or otherwise. Malibu also distinguishes between short-term and extended home-sharing rentals, which allows for hosting for a longer period than 120 days per year. Both categories must meet the same eligibility criteria and follow both state and local bylaws. With significant fines in place for unpermitted rentals and non-compliance.

It certainly depends on property and location. Malibu is a market that sees traffic year round. The geographical location of the city offers up picturesque weather, shopping, food, arts and culture as well as some of the most beautiful scenery in the state. The average nightly rate for an entire unit ranges from $450-$600 with the average booking rate roughly $325 per night. High end luxury units being in the $1000+ per night range. Estimates would suggest the property could generate $4900+ a month with proper management and upkeep.

Malibu is the iconic coastal destination in California, famed for its beautiful beaches, luxury lifestyle and celebrity appeal. Stretching 21 miles along the Pacific coastline, it is home to world renowned spots such as Zuma Beach, El Matador and Surfrider Beach, truly a surfer paradise. Visitors are drawn to the breathtaking ocean views, cliffside homes and scenic drives along the PCH (pacific coast highway) – all the while enjoying the high-end shopping, dining and nightlife. The city’s proximity to Los Angeles allows guests to pair the relaxing coastal getaway with access to Hollywood, Beverly Hills and all the attractions of the greater Los Angeles area. With year round sunshine, outdoor recreation and a reputation as an uber luxurious retreat, Malibu remains and will remain a bucket list destination for travelers around the world.

Malibu’s rental market is exceptionally strong thanks to its global reputation as a premier luxury getaway. With its constant draw of high income travelers, celebrities, and business professionals seeking premium short-term stays. The city’s limited hotel availability leads to private vacation rentals staying in high demand, with visitors seeking exclusive premium beachfront properties and upscale homes that reflect the lifestyle the city projects. Its proximity to Los Angeles inevitably attracts extended stays from high ranking professionals within the entertainment industry, digital nomads and executives looking for a balance between work and leisure. Seasonal tourism peaks during the summer months, but Malibu’s appeal is year round. As a year-round retreat there is a high and consistent demand across all rental durations. For hosts, the combination of high-end affluent tourism and business travel paired with limited accommodations translates to strong occupancy rates, premium nightly pricing and excellent revenue potential. 

We take on properties that are going to be attractive to people coming into town for a short term or monthly rental. We try to focus on nicer homes or condos that allow short term rentals or rentals of at least one to three months. A big part of the short term rental guest experience is the condition of the property. Even if a home or condo is in the best location in the city, it’s important that it’s well kept in order to avoid guest issues. Airbnb management is about making guests happy and a great experience is dependent on both a five star service and a great property.

Our clients typically have a long term mindset towards working with us. We’re focused on providing an excellent service managing our clients properties on Airbnb and other short term rental platforms.  Short term rental management is a service that requires a lot of mutual trust, and we want to work with people who want to build a relationship that lasts.

We’re a local company focused on building lifetime relationships within the community. While we have clients who have been with us over a decade, we also understand people’s situations change and they may need to sell the home or stop renting it out. It’s common for former clients to refer their family or friends or come back after years with a different property. Our mindset is once a client, always a client. While our community of homeowners is local, our community of guests is global. It’s an honor to be able to work with our clients who share their homes with people all over the world and enrich their experiences travelling to the city. 

A big factor when choosing an Airbnb management company in Malibu is that they are local. There are a lot of moving parts to managing a short term rental and for people who want to be hands off it’s important the company they work with has local presence and experience. Many guests who visit Malibu are here on vacation and every detail matters when it comes to their stay. A local company helps ensure that there is that extra level of attention and service to ensure things run smoothly.

There are many different ways a property owner can find someone to manage their property on Airbnb and other short term rental platforms. If you have a friend who works with an Airbnb management company you can ask them if you are happy with their service and ask them to refer you. Some property owners do their research online and find a company that is the best fit for them. Everyone has their own method for selecting a company that is the best fit for their personal goals.

The model for most Airbnb management companies is a commission percentage taken based on each booking. Some companies provide solely online short term rental management services, while others provide a full service model. The full service model is typically more hands on and a higher commission compared to the online model. The online model is great for hosts who want to be actively involved on the ground but need help with generating and optimizing bookings. As a local Airbnb management company in Malibu we provide both full service and online only services depending on our clients needs.

The first step is to create an attractive Airbnb listing you’re proud of on short-term rental platforms. An attractive listing features professional photos and a well written description of the property and the surrounding areas. Next a pricing strategy that factors demand across seasons should be implemented. We do our best to employ a pricing strategy that is a good fit for our clients depending on their goals. Once bookings are coming in, we arrange to ensure the property is clean and well maintained as well as provide guests recommendations to enhance their overall experience.