Barcelona: Channel manager Rentals United announced its second annual edition The 50 Best Short-Term Property Managers in the World listing.
The challenges that have emerged from the pandemic have brought about striking changes from last year. In the list compiled by Rentals United, 50 companies are highlighted that are considered to be at the forefront of vacation rental property management using cutting edge technology and sophisticated growth strategies.
Dominating the top ten positions of this prestigious list this year, eight European companies [Awaze,Â Interhome, Sykes Holiday Cottages, Homerez, Direct Booker, Feriepartner, The Travel ChapterÂ andÂ Sol og Strand], as well as two North American companies at Vacasa and Evolve. The ten companies highlighted mainly represent leisure rentals [villas, chalets, cottages etc].
Topping the list again this year with 90,000 properties, UK-based Awaze is the world’s largest property management company. The 30-year-old company is evolving its portfolio this year through its brands [Novasol, cottages.com, HoseasonsÂ and James Villa Holidays], bringing the total of its properties to 110,000 last year.
An Awaze spokesperson said: âWe are delighted to have been included in the Rentals United top ten. The 50 best property managers in the world listing. We are constantly striving to provide amazing daily experiences for our owners and guests, so this is great news!
Second place goes to Zurich-based Interhome [up from third place last year], which manages 40,000 vacation rentals in 31 countries, was founded in 1965 in Switzerland and has 15 regional subsidiaries.
JÃ¶rg Herrmann, CEO of Interhome, said: âWe are honored to be ranked among the best property managers in the world. Such a ranking is only possible thanks to the commitment and dedication of our employees, and they do a great job every day for our company, our owners and our customers.
[Stay tuned for a ShortTermRentalz video interview recorded with Joaquim Leal, general manager Spain at Interhome, at last weekâs VITUR Summit in Malaga.]
North America is in the top three, with Vacasa owning 30,000 properties. As the largest property manager in North America, the company has often made headlines, announcing both acquisitions and consolidations over the past year.
British company Sykes Holiday Cottages, which has 21,437 properties in the UK, Ireland and New Zealand, comes fourth on the list, up from fifth last year.
To complete the top five, Evolve holds the second position in North America with 16,000 properties.
Brian Egan, co-founder and CEO of Evolve, said, âWe are honored to be recognized on this list. It is a testament to the hard work and perseverance of our incredible team and their dedication to our customers and owners. We’re still in the early days of our trip and we’re excited to continue our mission of making vacation rental easy for everyone with partners like Rentals United.
The list shows that nine of the top ten property managers on the 2021 list are making the top ten list again this year, and nine new property management companies have made the list this year, including Hosteeva and My Property Host. It also reveals that 60 percent of the top property managers are located in Europe and the rest in North America.
The total number of rentals represented by these 50 property managers is just over 330,000, down 13.16% from last year’s Top 50.
Almost 50 percent of businesses have been founded in the past ten years, and the majority of businesses have been founded within the past 20 years.
Like last year, when it comes to growth and funding, over half of companies are self-funded and over 60% have experienced organic growth, while the rest is a mix of organic growth and acquisitions. Six of the top ten on the list are equity backed.
LoÃ¯c Dupont, Homerez co-founder, said: âWe are proud to be in the top ten after such a difficult period for all of us. We are very grateful for the incredible trust and support we have received from our owners and distribution partners.
âThis certainly reflects the hard work and effort of our team to ensure that we continue to grow our inventory and bring global demand and distribution to our owners with simple but very intuitive technology,â he said. added.
The 50 Best Short-Term Property Managers in the World is a rental count from the world’s largest short-term rental property managers, compiled and released annually in October by the Rentals United Channel Manager. Members of this prestigious list receive a “Top 50” badge for their website, which allows them to gain exposure to property owners around the world.
Seen The 50 Best Short-Term Property Managers in the World at this link.