Have you ever thought about becoming an Airbnb host? A lot of people are doing it, and they’re using the opportunity to earn extra income and meet new people.
Of course, not everybody is cut out to be an Airbnb host. Here, we’ll explore the realities of becoming an Airbnb host so you can decide whether it’s right for you – and then, we’ll walk you through the steps you need to take to apply.
What Does It Take to be an Airbnb Host?
One of the most common misconceptions about Airbnb is that it’s a hands-off enterprise. It might surprise you to know that there are quite a few things to keep in mind before you rent.
- If you’re renting a spare room, keep in mind that you’ll have one or more strangers under the roof with you. If you’re worried about safety, then take your comfort into consideration.
- Depending on how much you intend to host, you may spend quite a bit of time preparing for guests, checking them in, and responding to inquiries and problems.
- If you rent your home, you’ll have to clear it with your landlord before becoming an Airbnb host.
- Likewise, you should consider how your neighbors might feel about you hosting.
- If you have roommates, a spouse, kids, or pets, you should make sure that they’re prepared for a certain amount of upheaval when you have guests.
- It can be tricky to stay on top of rental prices and to distinguish your listings from others in your city or neighborhood.
- You’ll need to make sure you have proper insurance and protections in place. Airbnb offers some insurance, but you may want to pay for additional insurance to protect against theft and property damage.
- Finally, you should lock up or store personal documents and make sure all electronic devices are password protected, particularly if you will be renting while you are away.
There are some risks that go with the monetary rewards of being an Airbnb host, so make sure you are aware of them – and prepared to deal with them – before you make a commitment. If you’re sure that you’re prepared to deal with the personal and financial realities of hosting, you can move on to the next step.
Becoming an Airbnb Host
Once you’ve decided that you want to become an Airbnb host, then you need to do some prep work before you sign up.
First, you need to decide what kind of host you want to be. Do you want to host once in a while or on a regular basis? Some people who host have multiple properties or rooms and make a good living hosting. Others only want the opportunity to meet new people and supplement their income.
Next, you’ll need to prepare for guests. All Airbnb rooms must be fully furnished, so give some consideration to the form and function of the room and what your guests will need. Give some consideration about decluttering your room too. Visitors generally like a clean and uncluttered space – therefore it makes sense to put extra items you may have in storage while you are hosting guests. Check out these storage tips for ideas.
After that, the next step is to research and determine how much rent you should charge. You’ll need to seek out comparable listings in your area. The key is to charge enough so that you’re not leaving money on the table, but not so much that you scare potential renters away.
Finally, you’ll need to create your listing. Give some thought to the types of guests you think might be interested in your space and tailor your ad to them. Make sure to include plenty of clear, well-lighted photographs and some enticing details to attract people to your listing.
As long as you are prepared to deal with the time and financial commitments necessary to be an Airbnb host, hosting can be a very good way to meet new people and earn extra income.