Airbnb is a lucrative option for many entrepreneurs looking to enter the hospitality arena. Airbnb hosting can be done across different properties and you can give travelers a new and exciting experience while traveling. If you’re not sure how to become an Airbnb host, this article will walk you through the basics of Airbnb hosting so you can start accepting potential guests.
What are Airbnb hosts?
Airbnb hosts are essentially the people who offer apartments for short-term and medium-term rentals. This could be renting out the entire apartment or an extra room for visiting guests. As a host, it is your responsibility to provide a place for guests to stay, help them get into the apartment, facilitate check-in, get them settled and help them get the most out of their stay.
The benefits of being an Airbnb host
There are many benefits to becoming an Airbnb host, which is why so many hosts have started offering listings on the platform. Some of the benefits of becoming an Airbnb host include the following:
- Income Stream: The main reason to become an Airbnb host is that it can be a solid income stream for many throughout the year
- Meet new people: If you set up an extra room or part of your apartment on Airbnb, you get the opportunity to meet many new people and share experiences.
- Demand: Many cities don’t have the infrastructure or capacity for travelers, which can often cause problems for those looking for an affordable place to stay – but Airbnb can help you meet that demand!
- Flexibility: Airbnb hosting allows you flexibility. Offer the room or property when you want, and take it down when it’s not available. Making an Airbnb business work for you is easy.
- Income spread: Having an income stream that you can control, such as hosting on Airbnb, is a way for you to diversify your income streams.
How to become an Airbnb host
If you’re ready to start your Airbnb business and welcome your first guest, here’s how to get started and get bookings!
1. Obtain necessary permits
Before starting your Airbnb business, it’s important to do your research first. That means checking whether you can use your property in this way, as there may be local laws surrounding Airbnb hosting. Additionally, you should check with your homeowner’s association and other local bodies to ensure you can host travelers through Airbnb before renting your property or spare room.
2. Hire a professional cleaning service
Having your property professionally cleaned is the first step to ensuring your home is a welcoming place for travelers. This means that a professional thorough cleaning has the place ready for hosting. Save time by using a cleaning service, as you also don’t need to buy cleaning products. Make sure you have amenities like clean linens, towels, and toilet paper available for your guest! You may charge a cleaning fee to cover the costs.
3. Research and enter your Airbnb rate
Depending on your area and demand, how you price your Airbnb will be key, depending on location and demand. Most hosts do a lot of research on Airbnb before listing to make sure they have a competitive price in place. You need to take into account elements such as whether it is a single room or the whole house, as this will help you compare prices. Also look at how close you are to major attractions and monuments (eg within walking distance, available public transport options) as this also affects prices.
4. List your Airbnb space
Once you know what your prices need to look like, you can create your Airbnb account to get your listing. Creating an Airbnb listing is relatively easy once you have your account. You must upload photos and enter information about the room in the listing. Consider what future guests should know about your property, including:
- Whether it’s the whole home or an extra room
- How close it is to attractions and transport options
- Check-in time and check-out time
- Any part of the property that is prohibited, such as the kitchen or other parts of the house
- Any interesting details or facts about the home (eg historic building, modern developments)
5. Get help from a co-host
Being able to have a co-host in your listing will help you manage your Airbnb business. A cohost can take care of your listings, respond to inquiries, and determine pricing. The usual structure is to offer co-hosts a percentage of rental income, but you can discuss that as needed. There is an option to find a co-host through the Airbnb platform in your area, or you can enlist a trusted friend or family member.
6. Host Airbnb experiences
To build credibility on the platform and get some positive reviews, start by hosting Airbnb experiences. These are one-day events held at a specific time and date and tend to follow a theme. For example, you can create an experience that showcases your city, a cultural activity, a food tour or a cooking course.
7. Respond to inquiries and orders quickly
If you want your guests to feel comfortable booking with you and feel safe, it’s important to respond quickly. Try to respond to questions about your listing and reservation requests within 24 hours to ensure your response rate stays up and you get bookings in, as it’s essential to building good reviews.
What you need to know before starting Airbnb Hosting
Before you start hosting, there are a few things to keep in mind for Airbnb rentals
3% of the order subtotal is charged as a host fee, so it should be factored into the overall listing process
Host support from the Airbnb website
In the event of property damage, unacceptable guest behavior and other issues, Airbnb’s Host Guarantee protects you under certain circumstances. Before listing, review the warranty to understand what is covered and what is not. There are even options to collect a refundable security deposit from guests during booking as part of host support.
Hosts set their own cancellation policies, including when travelers are entitled to a full or partial refund. When setting cancellation policies, check what other hosts are offering.
To stay as an Airbnb host, certain requirements include response rates, accepting travel requests, and setting the right expectations for your stay from the start. Airbnb makes it easy to stay on their platform if you can meet their requirements.
To cover any liabilities or problems, having a good property insurance will be very useful, especially if you plan to host long-term guests.
Airbnb host tips
With so many travelers using the platform, there is real potential to get more bookings on Airbnb and make money. Here are some tips to make your listings stand out from the crowd:
- Hire a professional photographer to take great pictures of the room and show off how great it is
- Be flexible with guest checks, check-in times and more to make it a smooth plan for inbound travelers
- Check in with travelers before they arrive to confirm travel plans; Airbnb offers tools to help you stay in touch with them and be proactive
- Give them information and helpful tips about the area to make them feel comfortable
How much does an Airbnb host earn?
Airbnb hosts can use the platform as a side income. Airbnb earnings can range from a few hundred dollars a month to several thousand. However, this will depend on other factors such as listing price, volume and frequency of guests renting your space.
Do you need a business license to host an Airbnb?
Depending on the type of business you are setting up and the laws and regulations in your area, you may need a license. However, it will depend on whether you are renting an extra room in your property or the whole house as a short-term holiday rental. It’s always best to check your local council rules before setting up your Airbnb listing.
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