New Jersey Airbnb Management Company Directory

New Jersey is a prime destination for those seeking to invest in short-term rentals due to its diverse attractions, such as its stunning beaches, cultural and art scene, and renowned wineries. Additionally, tourists flock to New Jersey throughout the year due to its mild climate. To assist those interested in investing, this guide lists every Airbnb property management company in New Jersey by city.

Top New Jersey Airbnb Management Companies

The best Airbnb management companies in New Jersey  include:

• Awning: Best Overall Airbnb Manager
• RedAwning: Best Half-Service Airbnb Management Solution
• Avantstay: Best Luxury Short-term Rental Management Company
• Dharma: Best For Local Presence
• Global Luxury Suites: Best for Luxury Properties

Top New Jersey  Airbnb Management Companies by City

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How We Researched the Top New Jersey  Airbnb Management Companies

The criteria we used to select and rank the top Airbnb management companies in New Jersey  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 New Jersey , connect with an Awning property manager now.

How to Choose a New Jersey  Airbnb Management Company

Choosing the right Airbnb management company is crucial to the success of your short-term rental business in New Jersey. With many cities imposing stringent regulations and restrictions, it's important to carefully consider your options.

When making a decision, consider the following factors:

• Services: Do you want to be involved in the management of your property (half-service) or do you want a completely passive income experience (full-service)? What services do you expect the Airbnb manager to provide and what would you like to do yourself? Do you need help with furnishing your property?
• Pricing: How much are you willing to pay for a fully passive investment experience or for extra help in managing your vacation rental?
• Value for money: Compare the services and fees offered by several different property management companies, including the monthly fee and any additional charges.
• Business model: Would you prefer to work with a local or nationwide property manager? Do you want a national level of accountability or a more personal, local touch? Is the company transparent and honest?
• Reviews: Check online reviews from both property owners and guests. If possible, speak with local investors who have worked with each property management company you are considering.
• Number of listings in New Jersey: Choose a company with a proven track record in the New Jersey market, but not one that is overworked or understaffed. You want to hire a professional with enough local capacity.

When interviewing potential New Jersey short-term rental property management companies, ask the following questions:

• Are you a local or nationwide property manager?
• How many years have you been 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 local management team or do you work with vendors?
• What is the expected increase in revenue in the local market?
• Do you assist with property preparation, including interior design, furnishing, licenses, permits, and taxes?
• Who collects money from guests and remits it to owners, or do booking fees go directly to the property owner?
• Do you offer cleaning, laundry, and restocking services?
• Do you conduct property inspections and maintenance work?
• Do you manage swimming pools and hot tubs?
• What is your property management fee, and what does it cover? Are there any additional fees or costs, such as onboarding or early-termination fees?
• Can I review a copy of the property management agreement?
• What is the process for canceling your services?
• Will I keep my property reviews if I opt out of your services?

Knowing the answers to these questions will help you select the best Airbnb property management company in New Jersey for your specific 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 New Jersey 

In order to start an Airbnb business in New Jersey, investors need to:

• Choose the best New Jersey investment property location (where Airbnb is legal, and ROI is high)
• Find a high-potential property
• Make sure the zoning district allows short term rentals
• Hire an agent to help them purchase the property
• Renovate the property (if needed)
• Furnish the rental
• Select a business structure
• File tax and employer identification documents
• Apply for a vacation rental condo or dwelling license from the New Jersey Department of Community Affairs
• Get local short-term rental licenses and permits by city (most New Jersey cities require local licenses or permits)
• Decide if you want to hire a New Jersey Airbnb management company or manage your property on your own
• List your property and start renting out
• Provide ongoing services to guests and property maintenance and upkeep

Whether you decide to manage your New Jersey vacation rental on your own or to hire a property manager will determine if you get to enjoy passive rental income or not. 

New Jersey  Airbnb Laws and Regulations

New Jersey short-term rental laws require property owners to obtain a permit through the City's Division of Housing Preservation to operate a short-term rental. Each permit is valid for one year, and violations of the ordinance may result in fines of up to $2,000. In the case of short-term rental operators who are tenants, they will be allowed to maintain existing bookings for the duration of their lease or until January 1, 2021, whichever occurs sooner. 

Aside from paying rent in a timely manner, tenants in New Jersey must keep the unit in a safe and habitable condition, keep fixtures clean and sanitary, make small repairs or maintenance, and not disturb other tenants or neighbors. The rental or lease of most tangible personal property in New Jersey is subject to the State's Sales and Use Tax. 

Short-term rentals in Jersey City were effectively legalized in 2015 but are now subject to more stringent regulations. However, in other parts of New Jersey, the short-term rental of residential properties may be prohibited. 

New Jersey Realtors® have raised alternatives to address quality-of-life issues such as short-term rental registrations and a three-strikes policy for short-term rentals. As of August 2019, the state repealed an 11.6% tax on short-term vacation rentals that were booked directly by their owners through classified ads, word of mouth, or lawn.

Takeaway

Starting an Airbnb business in New Jersey can be a profitable venture in real estate, but investors must be prepared for strict regulations and intense competition. To ensure success, it is crucial to have an efficient strategy for managing your rental property. One way to achieve this is by partnering with a professional Airbnb management company.