I’ve recently been diving back into the world of Airbnb Management Companies, but this time, specifically those that operate in London.
When it came to investigating London’s best Airbnb Management Companies, one thing stood out like a sore thumb: nearly all of them charge around 12% for their standard service (excluding any optional extras)… except for Pass the Keys, who charge a stonking 20%.
That’s a pretty hefty jump – a whole 8% more than their closest competitors.
Why is that?
But more importantly: are they actually worth the extra cost? What extra do you get in service?
(to be clear, this isn’t a hit piece or a puff piece. I’m not here to sling turds or sing praises blindly. This is a genuine investigation into whether that 8% premium is objectively justified.)
Pass the Keys: Features Compared to Competitors
Naturally, the first thing I wanted to do was compare Pass the Keys’ service offering to their competitors (e,g. City Relay, Smart Host, Guest Ready, Hello Guest etc.). I’ll be honest, I struggled to spot much of a difference, if any.
On their Services & Pricing page, Pass the Keys claim that the “average competitor” doesn’t offer:
- Photos after each cleaning
- Flexibility for self-bookings on your property
- Management of guest selection and review
- 24/7 guest support
- Dedicated local account manager
So, I cross-referenced these features with other Airbnb management companies in London, they all seemed to offer those features. Or, at least, most of them.
Now here’s where things get interesting: Pass the Keys also state that all of those features (except for the dedicated local account manager) are “subject to availability depending on region.”
Err… so did I understand that correctly?
So they’re saying, “We offer more than most”, but then admit they might not actually offer those things depending on your location? That’s… confusing.
Right, hold that thought.
Is Pass the Keys More Expensive Because It’s a Franchise?
This might be the key (pun intended. Sorry, I couldn’t resist!).
Unlike other management companies I looked into, Pass the Keys is a franchise. That means independent operators across the country can trade under the Pass the Keys brand.
And that, I reckon, explains a lot:
- Why they cover so much more of the UK than other providers
- Why some services vary by location
- And most crucially, why they charge more. Here’s how I see it:
- Franchisees pay fees to the franchisor (Pass the Keys HQ)
- In many areas, they’re the only Airbnb management company available, so they can charge more simply because there’s no competition
To be clear, this is all just speculation on my part, but it does seem to add up.
Pass the Keys Competition…
Service | Rating | Services | Coverage | Price from | |
---|---|---|---|---|---|
City Relay![]() Top Pick | Rating TrustPilot Reviews | Services
| Coverage
| Price from 12%+VAT | Visit Website Arrange a callback |
Smarthost![]() | Rating TrustPilot Reviews | Services
| Coverage
| Price from 12%+VAT | Visit Website |
Guest Ready![]() | Rating TrustPilot Reviews | Services
| Coverage
| Price from 12%+VAT | Visit Website |
Hello Guest![]() | Rating TrustPilot Reviews | Services
| Coverage
| Price 12% +VAT | Visit Website |
Pass the Keys![]() | Rating TrustPilot Reviews | Services
| Coverage
| Price from 20%+VAT | Visit Website |
Please note, I try my best to keep the information of each service up-to-date, but you should read the T&C's from their website for the most up-to-date and accurate information.
For full transparency, City Relay is an affiliate partner of mine, because I personally believe they’re the best option in London. That said, I’m not here to push City Relay or any of the other alternative management companies I mention (affiliate or not) over Pass the Keys – that is not the intention of this blog post. We good? Cool.
Would I Personally Use Pass the Keys?
If they were the only game in town? Probably, yes.
But in a place like London (and other major cities and touristic hotspots), where you have access to a bunch of cheaper Airbnb management companies offering nearly identical services? I’d likely shop elsewhere.
Conclusion: I just haven’t seen anything in their offering that clearly delivers 8% more value than the competition.
Did I miss something?
If you think I’ve got this wrong and/or if you’ve used their services, please drop a comment below, I’d love to hear your thoughts!
Once again, just to be absolutely clear – this isn’t a hit piece. I haven’t personally used Pass the Keys’ services, so for all I know, they could be top-tier and well worth the extra 8% for the quality of service alone. I’m definitely not telling you to avoid them.
Landlord out xo
Disclaimer: I'm just a landlord blogger; I'm 100% not qualified to give legal or financial advice. I'm a doofus. Any information I share is my unqualified opinion, and should never be construed as professional legal or financial advice. You should definitely get advice from a qualified professional for any legal or financial matters. For more information, please read my full disclaimer.