Airbnb is becoming one of the most consistent and fruitful platforms for helping users rent their homes. Airbnb hosts have a significant income stream, meet tons of new people, and typically love the entire rental experience. Have you ever thought about joining in on the fun? Continue reading below for some initial considerations for becoming an Airbnb host.
Considerations for becoming an Airbnb host
The first rule to becoming a great Airbnb host is to be upfront to potential guests about your space. Not everyone can have a brand new mansion, and Airbnb guests know that. Maybe your building is old, your room is small, or your kitchen is outdated. Generally, people are looking for a good deal from an honest host, so these little things shouldn’t matter too much. As long as you are upfront about your property, there’s no need to be concerned about a less-than-perfect space.
Don’t forget about the laws
Before you jump into becoming an Airbnb host, you’ll need to do a little research. Some cities, municipalities, or even landlords will have specific regulations about subletting or vacation rentals. It also may be a good idea to check in with neighbours, so they know what’s going on, too. Most times, you won’t have an issue, and everything will work harmoniously, but it’s just best to check what the regulations are just to be safe.
Stay within the Airbnb world
Airbnb does take a commission on their rentals which will eat into your profit. However, when you think about it, it’s completely understandable why. Their structure makes it possible for you to be protected and make some money at the same time. It may be tempting to take your business from Airbnb and start sending messages and accepting payments outside the platform to save some extra money. This can be risky though as you never know who you’re working with. Airbnb holds insurance for renters up to $1 Million dollars in case something goes wrong and also makes sure that monetary transactions are secure and legitimate. Safeguards like this are worth the commission you pay to them.
Create an info station
This one takes a little time to put together, but once you do, you’ll be grateful. Compile take out menus, coupons, transportation options, general directions and tourist recommendations in a binder and place it somewhere easy to access. This way, your potential guest will always have relevant information at hand when they need it. This will not only make their stay better; it will save you from writing down directions to the nearest laundromat each time someone new stays with you. This is one of those times that a little effort will go a long way in making your guests happy
Don’t let these initial considerations scare you. If you need some assistance managing it all, Hosty’s Airbnb management software is prepared to help you succeed.
Now that you know how to start, it’s time to get down to business. With Hosty, becoming an Airbnb host couldn’t be easier!