Oklahoma is a great place for short-term rental investment opportunities due to its diverse attractions such as parks, lakes, museums, and cowboy culture. This guide lists every Airbnb property management company in Oklahoma by city.
Top Oklahoma Airbnb Management Companies
The best Airbnb management companies in Oklahoma include:
- Awning: Best Overall Airbnb Manager
- RedAwning: Best Half-Service Airbnb Management Solution
- Avantstay: Best Luxury Short-term Rental Management Company
- Blue Beaver Luxury Cabins: Best for Cabin Properties
Top Oklahoma Airbnb Management Companies by City
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How We Researched the Top Oklahoma Airbnb Management Companies
The criteria we used to select and rank the top Airbnb management companies in Oklahoma 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 Oklahoma , connect with an Awning property manager now.
How to Choose a Oklahoma Airbnb Management Company
Choosing the best Airbnb management company is essential for the success of your short-term rental business, especially in Oklahoma where many cities enforce strict regulations for such rentals. Consider the following criteria when selecting a property management company:
- Services: Consider your level of involvement in the management of your property. Would you prefer a half-service option where you are more hands-on or a full-service option where you have a completely passive investment experience? Clarify what services you expect the Airbnb manager to provide and what tasks you would like to handle yourself. Also, assess if your property is ready to welcome guests or if you need help with preparation.
- Pricing: Determine how much you are willing to pay for a fully passive investment or extra help with managing your rental.
- Value for money: Compare the services offered by different property management companies and the fees they charge, including the monthly fee and any additional charges.
- Business model: Decide whether you prefer working with a nationwide or local property manager, and if you want national accountability or a more personal, local touch. Consider if the company seems honest and transparent.
- Reviews: Read online reviews from both property owners and guests, and if possible, talk to local investors who have worked with each company you are considering.
- Number of listings in Oklahoma: Choose a company that has a strong presence in the Oklahoma market but is not overworked or understaffed. Look for a professional with enough local capacity and experience.
When interviewing top choices for an Oklahoma short-term rental property management company, ask the following questions:
- Are you a local or nationwide company?
- 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 team or do you work with outside vendors?
- What is your success rate in increasing revenue in the local market?
- Do you offer property preparation services such as interior design, furnishing, obtaining licenses and permits, and handling taxes?
- Who collects payments from guests and remits to owners? Do booking fees go directly to the property owner?
- Do you provide cleaning, laundry, and restocking services?
- Do you handle 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?
- 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 cancel your services?
By asking these questions, you can choose the best Airbnb property management company in Oklahoma that meets 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 Oklahoma
Starting an Airbnb business in Oklahoma requires the following steps:
- Identify a suitable location for your investment property, where short-term rentals are legal and promise high ROI.
- Search for a high-potential property that fits your investment goals.
- Ensure that the property is located in a zoning district that permits short-term rentals.
- Hire a real estate agent to assist with purchasing the property.
- Make any necessary renovations to the property.
- Furnish the rental property to meet Airbnb standards.
- Choose a business structure that works best for your Airbnb business.
- File the necessary tax and employer identification documents.
- Obtain a vacation rental condo or dwelling license from the Oklahoma Department of Labor.
- Acquire the required local short-term rental licenses and permits from the city in which the property is located.
- Decide if you want to manage the property yourself or hire an Airbnb management company.
- List your property on the Airbnb platform and begin renting it out.
- Continuously provide guests with quality services and maintain the property.
The decision to manage your Oklahoma vacation rental on your own or through a property manager will impact the amount of passive rental income you receive.
Oklahoma Airbnb Laws and Regulations
There are no statewide regulations for Airbnb hosts in Oklahoma. However, some cities and counties in Oklahoma may have their own regulations regarding short-term rentals.
For example, the city of Oklahoma City requires hosts to obtain a Short-Term Rental Permit and comply with certain safety and building regulations. The city also requires hosts to collect and remit local sales and lodging taxes on short-term rental transactions.
Additionally, some Oklahoma cities and counties may have specific requirements regarding occupancy limits, noise, and parking for short-term rental properties.
Airbnb hosts in Oklahoma are also encouraged to obtain liability insurance to protect themselves and their property in case of any accidents or damages. Hosts should also ensure that their rental property complies with all applicable building and zoning codes and safety regulations.
Takeaway
Starting an Airbnb business in Oklahoma is a great way to earn money from real estate. However, short-term rental property investors need to be aware of the regulations imposed by the state and local cities and the competition from other investors. To succeed in the rental business, it's important to optimize your property management strategy. Hiring a professional Airbnb manager is the best way to do this.