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With a demand for rental properties throughout the year, New Hampshire is one of the best short-term rental investment locations in the US. Its scenic beauty, including mountains, lakes, and forests make New Hampshire a perfect place to start an Airbnb. Many cities in New Hampshire have strict short-term rental laws and regulations that may make operating an Airbnb legally difficult. However, hiring an expert Airbnb property management company in New Hampshire can help ensure you are compliant with all local laws. This guide can help you find the best Airbnb property management company in cities across New Hampshire to help you make your short-term rental a success!
Top New Hampshire Airbnb Management Companies
The best Airbnb management companies in New Hampshire include:
- Awning: Best Overall Airbnb Manager
- RedAwning: Best Half-Service Airbnb Management Solution
- Avantstay: Best Luxury Short-term Rental Management Company
- Bretton Woods Vacations: Best For Local Presence
Top New Hampshire Airbnb Management Companies by City
Using the tool below, you can find a complete list of Airbnb management companies in New Hampshire by city. We analyzed the companies in each city and ranked the best short-term rental management companies by the number of listings in each city in New Hampshire, the type of property management services they offer and how they price their services.
How We Researched the Top New Hampshire Airbnb Management Companies
Our ranking system is a product of the robust analysis we undertook to provide you with a comprehensive review of the top Airbnb management companies in New Hampshire. Here is the criteria we used to not only select but also rank the best short-term rental companies in New Hampshire:
- Services: We examined the services each company offered, how robust the offerings (partial service vs full service management company) and whether it fulfills all the needs owners expect within each category.
- Pricing: We analyzed the pricing structures of Airbnb property managers in New Hampshire and determined how clear the pricing structure is, if it covers all necessary services and if hosts incur additional fees.
- Value for money: We weighed if the fees each short-term rental management company in New Hampshire aligns with the level services offered by each short-term rental management company and the fee the company charges to determine if hosts are getting the most bang for their buck.
- 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 Hampshire , connect with an Awning property manager now.
How to Choose a New Hampshire Airbnb Management Company
Choosing the right Airbnb management company is just as important as choosing the right property for the success of your rental business. This is especially important in a state like New Hampshire, where many cities have strict regulations for short-term rentals.
When making this decision, consider the following criteria, which were used in our ranking of the top New Hampshire Airbnb management companies:
- Services: Do you want to be hands-on in the management of your property (half-service is ideal) or do you prefer a completely passive investment (full-service is a must)? What services do you expect from your Airbnb manager and what tasks would you like to handle yourself? Do you need help with preparing your property for guests?
- Pricing: How much are you willing to pay for a hassle-free investment experience or additional help with managing your rental?
- Value for money: Evaluate the services offered by a few different property management companies and the fees they charge, including monthly fees and any additional charges.
- Business model: Would you prefer to work with a local property manager or a nationwide company? Do you value a personal touch or accountability at a national level? Does the company seem trustworthy and transparent?
- Reviews: Read online reviews from both property owners and guests. If possible, speak to local investors who have worked with each property manager you're considering.
- Number of listings in New Hampshire: Opt for a company that has a solid presence in the New Hampshire market, but not one that is overwhelmed or understaffed. You want to work with an experienced professional who has the capacity to handle your property.
When considering a few top choices for a New Hampshire short-term rental property management company, ask the following questions:
- Are you a local or a 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 local management team or do you work with third-party vendors?
- What is your track record for increasing revenue in the local market?
- Do you provide property preparation services, such as interior design, furnishings, short-term rental licenses, and tax services?
- Do you handle guest payments and remit the funds to owners or do booking fees go directly to the property owner?
- Do you provide cleaning, laundry, and restocking services?
- Do you manage property inspections and maintenance work?
- Do you handle the maintenance of swimming pools and hot tubs?
- What is your fee for Airbnb property management? What does this cover? Are there any additional fees or costs? Is there an onboarding fee or early-termination fee?
- Can I review a copy of the property management agreement?
- How do I cancel your services?
- Will I retain my property reviews if I cancel your services?
Knowing the answers to these questions will help you choose the best Airbnb property management company in New Hampshire 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 Hampshire
Investors interested in starting an Airbnb business in New Hampshire need to follow these steps
- Determine the Ideal Location for a New Hampshire Investment Property: Choose a location where short-term rentals are permitted and have a high potential for return on investment.
- Identify a High-Potential Property: Look for a property that has the potential to generate significant rental income.
- Confirm Zoning District Requirements: Ensure that the property you have chosen is located in a district that permits short-term rentals.
- Hire a Real Estate Agent: Find a reputable real estate agent to help you purchase the property.
- Renovate and Furnish the Property: If necessary, renovate the property and furnish it to meet the needs of your Airbnb guests.
- Establish a Business Structure: Choose the best business structure for your Airbnb business.
- File Required Tax and ID Documents: Submit the necessary tax and employer identification documents to comply with local regulations.
- Acquire Licenses and Permits: Apply for a vacation rental license and any necessary local licenses or permits required by the city.
- Decide on Property Management: Consider whether you want to hire an Airbnb management company or manage your property on your own.
- List and Rent Out Your Property: List your property on Airbnb and start renting it out to guests.
- Provide Ongoing Services: Ensure that your guests receive the necessary services and that the property is properly maintained and updated.
The choice between managing your New Hampshire vacation rental on your own or hiring a property manager will affect whether you receive passive rental income or not.
New Hampshire Airbnb Laws and Regulations
There are currently no state-wide laws or regulations in New Hampshire that specifically govern short-term rentals. However, RSA 48-A, the housing standards statute, defines short-term rental or vacation rental as any individually or collectively owned single-family house or dwelling unit or any unit or group of units in a condominium, cooperative, or timeshare, or owner-occupied residential home, that is offered for a fee and for less than 30 consecutive days. Thus, local municipalities are responsible for regulating short-term rentals within their jurisdiction.
Many municipalities continue to grapple with the positive and negative consequences of increased tourism in their residential settings and are trying to regulate home-sharing and short-term rentals effectively.
New Hampshire landlords and tenants are subject to New Hampshire Landlord-Tenant Law. The law defines the rights and responsibilities of landlords and tenants, including rental agreements, rent collection, and reimbursement for damages that exceed normal wear and tear caused by the tenant.
In addition, there have been recent cases in New Hampshire where local municipalities have attempted to regulate short-term rentals. For instance, the New Hampshire Supreme Court has ruled that a property used for short-term rentals constituted a transient use and was therefore prohibited in one of Portsmouth's residential districts. Conway selectmen are also appealing their case against a local short-term rental owner to the NH Supreme Court after the town sued him in Carroll County Superior Court.
Takeaway
Starting an Airbnb business in New Hampshire is a great way to generate income through real estate. However, it's important to keep in mind that short-term rental properties in the state may be subject to strict regulations and face competition from other investors. To ensure success in this market, it's recommended to optimize your rental property management strategy, which can be achieved by hiring a professional Airbnb manager.
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