Best Airbnb Property Management Companies in New York City

Finding the right Airbnb property management company in New York City can make all the difference in maximizing your rental income and ensuring a seamless hosting experience. From full-service management to pricing optimization and guest support, this guide highlights the top companies in NYC, their key features, pricing, and what sets them apart.

The Top 10 Airbnb Property Management Companies in New York City

1. MyHouseMgmt

MyHouseMgmt offers full-service management with a focus on Brooklyn, Queens, and Manhattan. They handle listing creation, guest vetting, and daily pricing optimization for a competitive 10-15% management fee.

MyHouseMgmt Features and Services

MyHouseMgmt provides comprehensive services for Airbnb and short-term rental management in NYC. Their offerings include:

• Listing Creation and Optimization: They create and optimize listings to maximize visibility and bookings. This includes crafting compelling descriptions and selecting the right photos to attract potential guests.
• Guest Vetting and Communication: MyHouseMgmt handles guest inquiries, vetting, and communication to ensure smooth interactions. They also manage guest expectations and resolve any issues promptly.
• Pricing Optimization: The company uses dynamic pricing strategies to adjust rates based on market demand and seasonal trends. This helps property owners earn the highest possible revenue.

Why We Like MyHouseMgmt

MyHouseMgmt's focus on dynamic pricing optimization is a standout feature, as it ensures that property owners can maximize their earnings by adjusting rates according to real-time market conditions.

MyHouseMgmt Pricing and Fees

MyHouseMgmt offers a competitive pricing structure with a management fee of 10% per booking. This fee includes full-service management, such as listing creation, guest vetting, daily pricing optimization, and calendar management. They focus on properties with reservations of 30 nights or more, ensuring a streamlined process for longer-term rentals. There are no additional hidden fees mentioned, making it a straightforward option for hosts.

MyHouseMgmt Pros and Cons

Pros:

• Personalized Service: MyHouseMgmt is praised for its personalized approach, treating each property as if it were their own. This includes prompt communication and tailored management strategies.
• Guest Satisfaction: They focus on providing excellent guest experiences, which has led to SuperHost status for many of their clients.
• Local Expertise: With a strong presence in Brooklyn, they understand the local market well, helping hosts navigate NYC's rental landscape.

Cons:

• Limited Geographic Focus: While they excel in Brooklyn, their services might be less comprehensive outside this area.
• No Publicly Disclosed Pricing Details: Specific pricing information is not readily available, which might make budgeting difficult for some hosts.

Who We Think MyHouseMgmt is Best Suitable For:

MyHouseMgmt is ideal for hosts who value personalized service and have properties primarily in Brooklyn. Their focus on guest satisfaction and local expertise makes them a great choice for those seeking a trusted partnership.

2. MasterHost

MasterHost provides comprehensive services across the New York metropolitan area, including 24/7 guest support and price optimization. Their expertise spans multiple locations, making them a reliable choice for hosts.

MasterHost Features and Services

MasterHost offers a wide range of services for Airbnb hosts in the New York metropolitan area. Their features include:

24/7 Guest Support: MasterHost provides around-the-clock support for guests, handling inquiries and emergencies promptly. This ensures a seamless experience for guests and reduces stress for property owners.

Listing and Price Optimization: They optimize listings on multiple platforms and use advanced pricing tools to maximize occupancy and revenue. This includes analyzing local events and seasonal trends to adjust rates accordingly.

Concierge Services: MasterHost offers additional services like guided tours and restaurant reservations to enhance the guest experience. This can lead to higher guest satisfaction and more positive reviews.

Why We Like MasterHost

MasterHost's concierge services are a unique offering, providing guests with personalized experiences such as guided excursions and event bookings, which can significantly enhance their stay.

MasterHost Pricing and Fees

MasterHost provides flexible pricing packages starting from 10% per booking for their basic services. They offer three main tiers: Basic at 10%, Premium at 15%, and Full at 12%. Each tier includes different levels of service, such as listing creation, price optimization, guest communication, and emergency response. The Premium tier adds additional features like a dedicated senior manager and priority response. MasterHost also offers free services like Airbnb photography and licensing support with some packages.

MasterHost Pros and Cons

Pros:

• Comprehensive Services: MasterHost offers a wide range of services, including 24/7 guest support and concierge services, enhancing the guest experience.
• Flexible Pricing Tiers: They provide different pricing packages to suit various needs, allowing hosts to choose the level of service they require.
• Advanced Pricing Strategies: MasterHost uses dynamic pricing to maximize revenue for property owners.

Cons:

• Higher Fees for Premium Services: The premium tier, which includes additional features, comes at a higher cost.
• Dependence on Technology: Their reliance on advanced pricing tools might require hosts to adapt to new systems.

Who We Think MasterHost is Best Suitable For:

MasterHost is best suited for hosts who want comprehensive services and are willing to invest in premium features to enhance guest experiences. Their flexible pricing tiers make them a good choice for hosts with varying budgets.

3. HostGenius

HostGenius is known for its local expertise in New York City, offering tailored management solutions that cater to each property's unique needs. Their focus on personalized service sets them apart.

HostGenius Features and Services

HostGenius specializes in full-service property management for short-term rentals in NYC. Their services include:

1. Comprehensive Property Management: HostGenius handles all aspects of rental management, from marketing to maintenance. This includes creating listings, managing bookings, and coordinating cleaning services.
2. Dynamic Pricing Strategy: They use advanced algorithms to adjust pricing based on market demand and local events. This strategy helps property owners maximize their earnings.
3. 24/7 Guest Support: HostGenius provides continuous support for guests, ensuring a smooth and enjoyable stay. Their team is available to address any guest inquiries or issues promptly.

Why We Like HostGenius

HostGenius's dynamic pricing strategy is a key feature, as it leverages advanced technology to optimize rental rates and increase property owners' earnings.

HostGenius Pricing and Fees

HostGenius does not publicly disclose specific pricing details on their website. However, they typically offer customized pricing based on the property's needs and location. Their full-service management includes dynamic pricing strategies, guest support, and property maintenance. Hosts should contact them directly for a personalized quote.

HostGenius Pros and Cons

Pros:

• Customized Solutions: HostGenius offers tailored management plans based on each property's unique needs, ensuring a personalized approach.
• Dynamic Pricing: They use advanced algorithms to optimize pricing, maximizing revenue for property owners.
• 24/7 Guest Support: HostGenius provides continuous support for guests, ensuring a smooth experience.

Cons:

• Lack of Public Pricing Information: Specific pricing details are not publicly available, which can make it difficult for hosts to compare costs.
• Limited Public Feedback: There is limited public feedback available about their services, making it harder for new clients to gauge their effectiveness.

Who We Think HostGenius is Best Suitable For:

HostGenius is ideal for hosts who require customized management solutions and are comfortable with a more private, personalized approach. They are suitable for properties with unique needs that require tailored strategies.

4. StayMarquis

StayMarquis excels with its local presence, providing a boutique-style management experience. They focus on delivering high-quality guest experiences and maintaining strong relationships with property owners.

StayMarquis Features and Services

StayMarquis offers luxury vacation rental management services, primarily focusing on the Hamptons but also operating in NYC. Their features include:

1. Concierge Division: StayMarquis provides a concierge service that caters to guests' needs, from arranging private chefs to stocking groceries. This personalized service enhances the guest experience and sets them apart.
2. Full Property Management: They manage the entire rental process, including marketing, booking, and on-site services. This ensures a seamless experience for both owners and guests.
3. Luxury Marketing: StayMarquis specializes in marketing luxury properties across multiple platforms to attract high-end guests. Their marketing efforts highlight the unique features and amenities of each property.

Why We Like StayMarquis

StayMarquis's concierge division is a standout feature, offering guests a luxurious and personalized experience that includes services like private chefs and pre-stocked groceries.

StayMarquis Pricing and Fees

StayMarquis focuses on luxury vacation rentals and does not publicly list specific management fees. Their services include comprehensive management, concierge services, and luxury marketing. Pricing is typically customized based on the property's size, location, and amenities. Hosts should inquire directly for detailed pricing information.

StayMarquis Pros and Cons

Pros:

• Luxury Concierge Services: StayMarquis offers high-end concierge services, enhancing the guest experience with personalized amenities like private chefs and pre-stocked groceries.
• Strategic Pricing and Marketing: They optimize pricing strategies to maximize rental income and use luxury marketing to attract high-end guests.
• Property Upkeep: StayMarquis focuses on maintaining properties to enhance their market value over time.

Cons:

• Geographic Focus: While they excel in the Hamptons, their services in NYC might be less comprehensive.
• Customized Pricing: Pricing is not publicly disclosed, which can make budgeting difficult for hosts.

Who We Think StayMarquis is Best Suitable For:

StayMarquis is ideal for hosts with luxury properties, particularly those seeking high-end concierge services and strategic marketing to attract affluent guests. Their expertise in maintaining properties to increase asset value makes them suitable for owners looking to enhance their property's market appeal.

5. Sonder

Sonder specializes in apartment management, offering a seamless integration of technology and local expertise. Their services are designed to maximize revenue while ensuring compliance with local regulations.

Sonder Features and Services

Sonder specializes in apartment management, integrating technology with local expertise. Their services include:

1. Seamless Guest Experience: Sonder uses its app to provide guests with easy access to amenities and support. Guests can check in, request services, and connect with customer support through the app.
2. Luxury Amenities: Properties managed by Sonder often include amenities like fitness centers and co-working spaces. These amenities enhance the guest experience and make properties more attractive.
3. 24/7 On-Site Support: Sonder offers on-site teams available during business hours to assist guests. This ensures that guests have support when needed.

Why We Like Sonder

Sonder's seamless guest experience through its app is a unique feature, allowing guests to manage their stay efficiently and access various amenities with ease.

Sonder Pricing and Fees

Sonder's pricing structure is not explicitly detailed on their website, but they generally offer a full-service management model that includes amenities like fitness centers and co-working spaces. Their fees are typically competitive with other luxury property managers, though specific percentages are not publicly disclosed. Sonder's focus is on maximizing revenue through optimized pricing and high-quality guest experiences.

Sonder Pros and Cons

Pros:

• Consistent Guest Experience: Sonder provides a consistent, hotel-like experience for guests, ensuring high-quality amenities and services.
• Vertical Integration: They manage the entire guest experience chain, from check-in to housekeeping, offering a seamless and reliable service.
• Security and Safety: Sonder emphasizes security with features like contactless check-in and on-site staff.

Cons:

• Higher Operational Costs: Their model incurs higher operational costs compared to traditional Airbnb management.
• Limited Flexibility: Sonder's centralized model might limit flexibility for hosts who prefer more control over their properties.

Who We Think Sonder is Best Suitable For:

Sonder is best suited for hosts who value a consistent, high-quality guest experience and are willing to invest in a more integrated management model. They are ideal for properties in downtown areas where Sonder has a strong presence.

6. Avantstay

Avantstay is renowned for its luxury short-term rental management. They provide high-end services that cater to discerning guests, ensuring properties are maintained to the highest standards.

AvantStay Features and Services

AvantStay provides comprehensive vacation rental management services, though their primary focus is not exclusively on NYC. Their offerings include:

1. Full-Service Management: AvantStay handles all aspects of rental management, from listing creation to maintenance. They ensure meticulous upkeep of properties, including cleaning and maintenance services.
2. 24/7 Guest Support: They offer round-the-clock support for guests, ensuring a seamless experience. This includes a dedicated local team and a 24/7 guest experience team.
3. Pricing Optimization: AvantStay uses cutting-edge technology for dynamic pricing, maximizing revenue for property owners.

Why We Like AvantStay

AvantStay's comprehensive damage protection insurance is a standout feature, providing peace of mind for property owners by covering potential damages during guest stays.

AvantStay Pricing and Fees

AvantStay's management fees are reported to exceed 25% and sometimes reach up to 35% of monthly revenue. They offer two main models: Master Lease and Vacation Rental Management. The Master Lease provides a fixed monthly income, while the Vacation Rental Management model offers a variable income based on bookings. Additional services like interior design and furnishing are available for a separate fee.

AvantStay Pros and Cons

Pros:

1. Hands-Off Management: AvantStay offers a completely hands-off approach, ideal for owners who want minimal involvement in property management.
2. Revenue Maximization: They focus on maximizing rental income through dynamic pricing and strategic marketing.
3. Comprehensive Services: AvantStay provides full-service management, including interior design and furnishing services to enhance property appeal.

Cons:

1. Lack of Transparency in Pricing: AvantStay does not publicly disclose specific management fees, which can make it difficult for hosts to compare costs.
2. Eligibility Requirements: Properties must meet specific criteria, such as size and revenue projections, to qualify for their services.

Who We Think AvantStay is Best Suitable For:

AvantStay is ideal for hosts with large, high-revenue properties who prefer a hands-off management approach. They are particularly suited for owners seeking predictable income through their Master Lease option.

7. RedAwning

RedAwning offers a half-service solution, ideal for hosts who prefer to manage some aspects themselves. They connect owners with local vendors for services like cleaning and maintenance.

RedAwning Features and Services

RedAwning specializes in vacation rental management and distribution across multiple platforms. Their services include:

1. Multi-Channel Distribution: RedAwning allows property owners to list their properties on over 50 vacation rental websites, maximizing visibility and bookings.
2. 24/7 Guest Support: They provide continuous support for guests, ensuring a smooth experience. This includes automated communications and property device solutions.
3. Centralized Management Tools: RedAwning offers a platform for managing bookings, communications, and cleaning coordination across all properties.

Why We Like RedAwning

RedAwning's Connected Stay platform is a unique offering, providing automated communications and property device solutions to enhance the guest experience and streamline management tasks.

RedAwning Pricing and Fees

RedAwning does not specify exact management fees on their website. However, they focus on multi-channel distribution and offer tools for managing bookings and communications. Their pricing is likely competitive with other distribution-focused services, but hosts should contact them for specific details.

RedAwning Pros and Cons

Pros:

1. Cost-Effective: RedAwning charges a competitive 10% management fee, which is lower than many full-service managers. This makes it a cost-effective option for hosts who want to maintain some control over their properties.
2. Multi-Channel Distribution: They help increase bookings by listing properties on multiple platforms, enhancing visibility and revenue potential.
3. Flexibility: RedAwning allows hosts to remain actively involved in property management, which is beneficial for those who prefer a hands-on approach.

Cons:

1. Limited Services: RedAwning offers half-service management, meaning hosts must handle tasks like cleaning and maintenance themselves. This can be time-consuming and may not suit hosts seeking a fully passive income.
2. No Property Maintenance: Hosts are responsible for maintaining their properties, which can be a significant drawback for those looking for comprehensive management.

Who We Think RedAwning is Best Suitable For:

RedAwning is ideal for hosts who want to maintain some control over their properties and are willing to handle tasks like cleaning and maintenance. It's suitable for those who invest locally and have the time to manage certain aspects of their rental business.

8. NYC Property Partners

NYC Property Partners focuses on personalized management, ensuring each property receives tailored attention. Their local knowledge helps navigate New York City's complex rental landscape.

NYC Property Partners Features and Services

NYC Property Partners focuses on multifamily and mixed-use property management in NYC. Their services include:

1. Personalized Management: They offer a one-on-one relationship with clients, allowing them to be as involved as they choose. Their team is highly trained and knowledgeable about each property.
2. Cost Management: NYC Property Partners ensures that expenses are carefully managed to maximize profitability. They seek the best services at competitive rates.
3. Tenant Relations: They prioritize good tenant relations, ensuring a positive environment for both owners and tenants.

Why We Like NYC Property Partners

NYC Property Partners' personalized approach is a standout feature, treating each property as if it were their own and providing a tailored management experience

NYC Property Partners Pricing and Fees

NYC Property Partners does not publicly disclose specific management fees. They focus on multifamily and mixed-use properties, offering personalized management services. Pricing is typically customized based on the property's size and needs. Hosts should inquire directly for detailed pricing information.

NYC Property Partners Pros and Cons

Pros:

1. Personalized Approach: NYC Property Partners offers a highly personalized management experience, treating each property uniquely. This includes tailored strategies to maximize income and property value.
2. Local Expertise: They have deep knowledge of the NYC market, helping hosts navigate complex rental regulations and trends.
3. Cost Management: They focus on managing expenses effectively to ensure profitability for property owners.

Cons:

Limited Public Feedback: There is limited public feedback available about their services, making it difficult for new clients to gauge their effectiveness.

No Clear Pricing Information: Specific pricing details are not publicly disclosed, which can make budgeting challenging for potential clients.

Who We Think NYC Property Partners is Best Suitable For:

NYC Property Partners is best suited for hosts who value a personalized approach and have properties in multifamily or mixed-use settings. They are ideal for owners seeking tailored management solutions that cater to their specific needs.

9. XL Real Property Management

XL Real Property Management specializes in luxury property management across Manhattan and Brooklyn, offering meticulous services for high-end apartments and townhouses. Their expertise includes lease negotiation, emergency assistance, and tailored management solutions to maximize income and property value.

XL Real Property Management Features and Services

XL Real Property Management specializes in managing luxury apartments, townhouses, and rental buildings in Manhattan and Brooklyn. Their services include:

1. Luxury Property Management: They provide meticulous management services for high-end properties, ensuring they meet the highest standards of quality and service.
2. 24/7 Emergency Assistance: XL offers around-the-clock support for emergencies, ensuring prompt resolution of any issues.
3. Lease and Lease Renewal Negotiation: They negotiate favorable lease terms to maximize income for property owners.

Why We Like XL Real Property Management

XL Real Property Management's lease negotiation services are a key feature, as they carefully review market pricing to ensure that leases and renewals are optimized for maximum income.

XL Real Property Management Pricing and Fees

XL Real Property Management does not publicly list specific management fees. They specialize in luxury property management and offer services like lease negotiation and emergency assistance. Pricing is likely customized based on the property's size and location. Hosts should contact them for a personalized quote.

XL Real Property Management Pros and Cons

Pros:

1. Luxury Focus: XL Real Property Management specializes in managing high-end properties, offering sophisticated services tailored to luxury rentals. This includes meticulous management and lease negotiation to maximize income.
2. Volume Discounts: They help owners save on operational expenses by securing discounts through volume purchasing.
3. Reliable Vendors: XL connects owners with trustworthy vendors for maintenance and repairs, ensuring quality work at competitive prices.

Cons:

1. Limited Geographic Focus: While they excel in NYC, their services might not be as comprehensive outside this area.
2. No Public Pricing Information: Specific pricing details are not readily available, which can make it difficult for hosts to compare costs.

Who We Think XL Real Property Management is Best Suitable For:

XL Real Property Management is ideal for owners of luxury properties in NYC who require high-end management services. They are particularly suited for foreign or out-of-state investors seeking sophisticated support.

10. CityStayNYC

CityStayNYC offers full-service management with a strong emphasis on guest satisfaction and property maintenance. Their local team ensures that properties are well-maintained and compliant with NYC regulations.

CityStayNYC Features and Services

CityStayNYC provides full-service management with a focus on guest satisfaction and property maintenance. Their services include:

1. Full-Service Management: CityStayNYC handles all aspects of rental management, from listing creation to guest support.
2. Property Maintenance: They ensure properties are well-maintained and compliant with NYC regulations.
3. Guest Support: CityStayNYC offers support to ensure a smooth guest experience.

Why We Like CityStayNYC

CityStayNYC's emphasis on property maintenance is a key feature, ensuring that properties are not only well-maintained but also compliant with local regulations, reducing potential liabilities for owners.

CityStayNYC Pricing and Fees

CityStayNYC does not explicitly detail their management fees on their website. They offer full-service management, including property maintenance and guest support. Pricing is typically competitive with other full-service managers in NYC, but hosts should contact them directly for specific details.

CityStayNYC Pros and Cons

Pros:

1. Full-Service Management: CityStayNYC offers comprehensive management, handling all aspects from listing creation to guest support. This provides a hands-off experience for property owners.
2. Property Maintenance: They ensure properties are well-maintained and compliant with NYC regulations, reducing potential liabilities for owners.
3. Guest Satisfaction: CityStayNYC focuses on delivering high-quality guest experiences, which can lead to positive reviews and repeat bookings.

Cons:

1. Limited Public Feedback: There is limited public feedback available about their services, making it challenging for new clients to assess their performance.
2. No Clear Pricing Information: Specific pricing details are not publicly disclosed, which can complicate budgeting for potential clients.

Who We Think CityStayNYC is Best Suitable For:

CityStayNYC is best suited for hosts who want a full-service management experience and prioritize guest satisfaction and property maintenance. They are ideal for owners seeking a hassle-free management solution in NYC.