Pass the Keys Airbnb Management – Worth It or Not?

Pass the Keys Airbnb Management

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…

Alternative Airbnb & Short-let Management Companies
ServiceRatingServicesCoveragePrice from
Rating

4.7

TrustPilot Reviews
Services

  • Markets on Airbnb, Booking.com, Expedia, Rightmove, Zoopla + more
  • Flexible letting to optimise performance by blending all types of let (short, mid and long-term)
  • Manages Profiles & Listings
  • Professional Photography, 3D virtual tours and floorplans
  • Check-in & Key exchange
  • Housekeeping service
  • Property Maintenance & Repairs
  • Inspections & Certificates
  • Price Optimisation
  • 24/7 Guest Support
Coverage

  • London
Price from
12%+VAT
Visit Website
Arrange a callback
Rating

4.7

TrustPilot Reviews
Services

  • Markets on Airbnb, Booking.com, Expedia, Rightmove, Vrbo + more
  • Flexible letting to optimise performance by blending all types of let (short, mid and long-term)
  • Booking management
  • Professional Photography
  • Check-in & Key exchange
  • Housekeeping and linen
  • Maintenance Support
  • Price Optimisation
  • 24/7 Guest Support
Coverage

  • London
Price from
12%+VAT
Visit Website
Rating

4.7

TrustPilot Reviews
Services

  • Markets on airbnb, HomeAway, Booking.com, tripadvisor, Expedia + more
  • Flexible letting to optimise performance by blending all types of let (short, mid and long-term)
  • Manages Profiles & Listings
  • Professional Photography
  • Check-in & Key exchange
  • Housekeeping Service
  • Property Maintenance & Repairs
  • Price Optimisation
  • 24/7 Guest Support
Coverage

  • Bath
  • Birmingham
  • Bristol
  • Liverpool
  • London
  • Manchester
  • Edinburgh
  • Cardiff
Price from
12%+VAT
Visit Website
Rating

4.8

TrustPilot Reviews
Services

  • Markets on airbnb, HomeAway, Booking.com, Expedia + more
  • Flexible letting to optimise performance by blending all types of let (short, mid and long-term)
  • Manages Profiles & Listings
  • Check-in & Key exchange
  • Professional Photography
  • Housekeeping Service
  • Property Maintenance & Repairs
  • Price Optimisation
  • 24/7 Guest Support
Coverage

  • UK-Wide Coverage (including most major cities). Visit website for full list.
Price
12%
+VAT
Visit Website
Rating

4.8

TrustPilot Reviews
Services

  • Markets on airbnb, HomeAway, Booking.com + tripadvisor
  • Flexible letting to optimise performance by blending all types of let (short, mid and long-term)
  • Manages Profiles & Listings
  • Professional Photography
  • Housekeeping Service
  • Property Maintenance & Repairs
  • Price Optimisation
  • 24/7 Guest Support
Coverage

  • UK-Wide Coverage (including most major cities). Visit website for full list.
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

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