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Mississippi is a popular location for investing in short-term rentals, offering a range of attractions including its scenic coastline, historical sites, and vibrant cultural scene. This guide lists every Airbnb property management company in Mississippi by city.
Top Mississippi Airbnb Management Companies
The best Airbnb management companies in Mississippi include:
- Awning: Best Overall Airbnb Manager
- RedAwning: Best Half-Service Airbnb Management Solution
- Avantstay: Best Luxury Short-term Rental Management Company
- BeachView Vacation: Best for Coastal Properties
Top Mississippi Airbnb Management Companies by City
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How We Researched the Top Mississippi Airbnb Management Companies
The criteria we used to select and rank the top Airbnb management companies in Mississippi include:
- Services: We looked at whether a company is a half-service or full-service provider and whether it covers all expected services within each category.
- Pricing: We considered whether an Airbnb property manager has a clear pricing structure covering all services. We also looked at what additional fees hosts will need to pay.
- Value for money: We evaluated whether the provided services and the expected fee offer the best value for money.
- Business model: We investigated whether a company uses the latest real estate technology while retaining human touch, which is crucial in property management.
- Reviews: We took into consideration whether companies have a strong online presence and whether reviews are positive or negative.
- Number of listings: We searched for the Airbnb management companies with the most active listings in the market.
To maximize your vacation rental investments in Mississippi , connect with an Awning property manager now.
How to Choose a Mississippi Airbnb Management Company
Choosing the right Airbnb management company is just as crucial as picking the ideal rental property for the success of your short-term rental business, especially in a market like Mississippi where regulations and restrictions can vary in different cities.
To make the best decision, consider the following criteria:
- Services: Determine your level of involvement in the management of your property - do you prefer half-service or full-service? What specific services do you expect the manager to handle, and what tasks would you like to manage yourself? Is your property ready to welcome guests or do you need help with furnishing and preparation?
- Pricing: Decide how much you're willing to invest in a fully passive experience or extra management support for your vacation rental.
- Value for Money: Evaluate the list of services offered by various property management companies, along with their fees, including monthly charges and additional costs.
- Business Model: Consider if you prefer working with a local or nationwide property manager, and if you prioritize national accountability or personal local touch. Look for a company that operates transparently and honestly.
- Reviews: Research online reviews by both property owners and guests, and if possible, speak with local investors who have experience working with your potential management company.
- Number of listings in Mississippi: Seek out a company that has a significant presence in the Mississippi market but is not overburdened. You want to work with a professional who has adequate local capacity and experience.
When interviewing your top choices for a Mississippi short-term rental property management company, ask these questions:
- Are you a local or nationwide property manager?
- How many years of experience do you have managing short-term rentals?
- How many properties are you currently managing?
- What is the size of your local team?
- Do you have an in-house management team or do you work with outside vendors?
- What is your track record of increasing revenue in the local market?
- Do you assist with property preparation, including interior design, furnishing, permits, and taxes?
- Do you handle guest payments and remit to owners or do booking fees go directly to the property owner?
- Do you provide cleaning, laundry, and restocking services?
- Do you conduct property inspections and maintenance work?
- Do you manage swimming pools and hot tubs?
- What is your monthly Airbnb management fee, and what does it cover? Are there any additional fees or costs?
- Can I review a copy of the property management agreement?
- What is the process for canceling your services?
- Will I retain my property reviews if I choose to discontinue your services?
Having the answers to these questions is essential for selecting the best Airbnb property management company in Mississippi for your individual needs
How Airbnb Management Works
There are two broad types of Airbnb property management companies: full-service and half-service.
Full-service property managers are those that take care of all the aspects of owning and running a short-term rental business.
The best full-service Airbnb management companies help investors achieve passive income while boosting performance.
Half-service Airbnb property managers usually focus on listings, marketing, revenue management, guest communication and support, and taxes. Some of them offer to connect property owners with vetted local vendors for the services they do not cover.
Vacation rental property management companies can be national (covering most US markets) or local (focusing on a specific city). Both come with their own advantages and disadvantages.
Property management fees range widely in the US market: between 10% and 50% of revenue, with 20-25% of revenue being the average for full-service providers. Some companies charge different rates for different markets and different property types. Property managers frequently charge extra for services outside the core package, like interior design, furnishing, insurance, linen, etc.
The top vacation rental management companies have flexible terms and do not require long-term commitment on behalf of property owners. However, some expect quarterly or annual commitments.
Some Airbnb property managers focus on specific property types, like luxury rentals, group travel rentals, apartments, etc., while others work with most residential properties. Different companies have different eligibility requirements; for example, half-service property managers work with furnished short term rentals, while some full-service companies prefer to be directly involved in design and furnishing.
One thing property owners should keep in mind is that most Airbnb management companies list rentals under their brand name, so hosts lose the reviews and rankings once they leave. A noticeable exception is Awning, which allows properties to keep reviews.
How to Start an Airbnb in Mississippi
In order to establish an Airbnb enterprise in Mississippi, investors must undertake the following steps:
- Identify the most suitable location for an investment property in Mississippi (where Airbnb is permitted and offers a high return on investment)
- Locate a property with high earning potential
- Confirm that the zoning district permits short-term rentals
- Employ a real estate agent to assist with purchasing the property
- Conduct renovations (if necessary)
- Furnish the rental space
- Determine the preferred business structure
- Submit tax and employer identification documents
- Acquire a vacation rental license from the Mississippi Department of Business & Professional Regulation (DBPR)
- Obtain necessary local short-term rental licenses and permits by city
- Decide whether to manage the property independently or hire an Airbnb management company
- List the property and begin accepting guests
- Maintain ongoing services for guests and proper property upkeep
The choice of managing the Mississippi vacation rental property personally or through a property manager will impact the level of passive rental income received.
Mississippi Airbnb Laws and Regulations
Mississippi short-term rental laws are governed by different regulations and policies, and they vary by location. In Mississippi, short-term rental marketplaces such as Airbnb and Vrbo that have sales exceeding $250,000 per year in Mississippi are required to register with the state Department of Revenue and collect taxes on lodging booked through them.
Short-term rental regulations may also include zoning laws, occupancy and safety standards, taxation, licensing, and insurance requirements, which vary by city and location. Some local policies require a local property manager who will respond to the questions or concerns of the guests 24/7, and their contact information shall be submitted to the planning department, building department, and city police department during the permitting process.
It is important to note that Mississippi landlords have full discretion to charge as much as they want for rent since Mississippi law currently prohibits any type of rent control on both state and local levels. Other relevant information includes the legal issues that landlords and tenants may face during the rental process, although not every issue needs to involve the courts.
The City of Ocean Springs has been regulating short-term rentals within the city limits since 2015, and interested individuals may contact their Planning Department for more information about the ordinances and regulations. Gulfport has already approved plans to define short-term rentals, while other cities and towns may have their respective laws and regulations in place as well. Hosts, regardless of whether they own the property listed, must be aware of local laws and restrictions for rental of a personal residence.
Takeaway
Starting an Airbnb business in Mississippi can be a profitable venture in real estate. However, regulations and competition must be considered when it comes to managing short-term rental properties. To ensure success, it's crucial to have an optimized property management strategy, and the best way to achieve this is by hiring a professional Airbnb manager.
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