Venturing out to become the ultimate Airbnb host, that the visitors will want to come back to is quite a task, especially if you’re just starting out and want to know all the ins and out of the business. This entrepreneurial adventure requires careful planning and organizing, and making sure that you portray your business in the brightest light of all. The world is full of opportunities for renters who want to open their home to visitors, and maximize their hosting experience and lucky for you, there are so many ways to learn how to set up your business, and later on market it and manage it with success.
Once Upon a Time, There Was an Airbnb…
Before you begin your fairy tale business, you need scratch your head and ask yourself numerous important questions. Keep on reading for hosting tips and basics order to set up a starter business with high predispositions of improvement and success that will benefit your entrepreneur goals. Everyone can do it, it’s just a matter of having a few tricks up your sleeve.
What Kind of a Host Do You Want to Be?
The fact is everyone is in this game to rent out a space and make some money. While this might be your overall goal, you have to put your business hat on and think about what you want to get out of becoming an Airbnb host. Do you want to earn a few extra bucks, or turn it into successful business? The main difference lies in investing, planning, dedication and time that it takes for either of these.
What to do: If you decide to turn it into a full-time business, take the time to consult Airbnb hosts and if possible get some tips on hosting. Also make sure that you have enough time to manage every aspect of it. Do thorough research about all the necessities, before actually starting.
What Is the Neighbor Situation?
Another thing you have to take into consideration before setting up your rental, are your neighbors. Imagine this: You set up your business, but you have extremely sensitive neighbors that are nit-picky about their privacy, don’t like noise and are bothered by strangers invading their community. If you live in an environment like this, better think twice, or find a way to bend their ear about your business.
What to do: You can always influence your target customers and attract long-term travelers, by demanding longer stays. Strategize so that your neighbors are also happy campers.
Do You Have the Time?
Timing is crucial, and in this case, you don’t get to list your space and hope for the best. To become the ultimate host, you have to take the time out to connect with potential visitors, as well as be at their disposal at all times, to answer any questions that they might have. Building a trustworthy business isn’t easy, especially if you don’t take the time to communicate with potential prospects.
What to do: Don’t despair if you don’t have time at this very moment. There are always plenty of management services available to do this kind of work for you.
Scan the Competition
It wouldn’t be a business if you didn’t have some competition. You can’t start out without actually paying attention to your hosting Airbnb rivals. Looking at your competition, and learning from their mistakes, but also their success, will give you a great advantage, because you can start off your business without making unnecessary mistakes. In addition, you can alter you offering based on what your competition has or hasn’t got to offer.
What to do: Go online and start searching for hosts located in your area. Are there any? What do they have to offer?
Target Your Customers to Hit the Bulls eye
The type of customers you’re likely to attract depends on several factors, some of them being the area you’re located in, the environment, as well as what your unit has to offer. Just like in life, you can’t please everyone and you can’t attract every single customer to your rental. The sooner you accept this, the better it will be for your business.
What to do: Place your listing so that it appeals to customers who are most likely to book with you. For example, if you live in a busy, business area, where a lot of business people come for events, target those people by emphasizing your location in the listing. On the other hand, if you live in a quiet and family-friendly area that is far from the busy and hectic center, target families, and make sure that you equip the space you’re renting out in an according manner.
What Does Your Landlord Say?
Certain units aren’t really open to short term subleasing, so to prevent a catastrophe, make sure to consult your landlord before you start investing your hard earned money. The truth is, if the property owner doesn’t approve of it, you can’t become a host.
What to do: Before you lose all hope, start out by carefully approaching your landlord with the idea. Your approach can be the difference between getting the approval or not. If all else fails, think about getting a unit that can be subleased, that is, if you’re really serious about the entire idea.
Insure Your Home and Your Business
Last, but not least, you need an insurance plan, not to mention if you’re renting out your own home. Short term renting can be tricky, because your home insurance probably doesn’t cover any potential damage that might happen if you’re renting it out to others.
What to do: This problem has a quick solution. Check if you’re liable to get additional insurance policy that will cover any damage.
Although becoming a host might seem like a piece of cake, think well and hard whether you’re actually cut out to join this industry, because the fact of the matter is, not everyone is going to succeed. It takes time, patience, dedication, and sacrifice just like every other job. You also need to be original and creative, in order to open your doors, and make people welcome and comfortable in your home.
So, are you ready to learn how to be an Airbnb host? Let us know below if you have your own tips on hosting for people who are still considering renting, we’d love to hear from you!