Did you know that Airbnb has made it easier than ever to become a host? You can start making income with just a few simple steps. In this blog post, we will outline the basics of becoming an Airbnb host and growing your business. Plus, we’ll give you some strategies to help you scale quickly!
Airbnb Fuels the Way to Financial Independence
Airbnb celebrated a huge milestone as it entered the year 2022. They announced that their hosts collectively made $150 billion dollars since 2010. What is most amazing is to think about all the bills, extracurricular, and vacations that households were able to pay for thanks to utilizing Airbnb.
In fact, the reported median earnings for the first half of 2021 were $8,000. For the average family, that’s an entire extra month (or two) of income. What could you do with an extra $8,000? Especially as prices continue to soar for the cost of living.
Getting Started with Airbnb in 10 Easy Steps
In order to get started as a host, you’ll need to complete ten easy steps. They can all basically be done in one sitting and include the following:
Step One – Create an Airbnb Account
All you need is an email address and you’re good to go. Then, input your personal information to get the ball rolling.
Step Two- List Your Space on Airbnb
Select the type of space you will be listing and continue to step 3!
Step Three – Upload Photos & Videos of the Space You’re Offering
Use photos and videos that make it easy for potential customers to imagine themselves in the space. Need tips? Check out why your photo quality matters.
Step Four – Add Descriptions that Sell Your Property
Here is where you showcase all the best features of your property. We have all the tips you need for writing a stellar listing too!
Step Five – Set a Price for Your Listing
Do a little market research and set a price that you are comfortable with. You will most likely need to experiment a little bit to find that “sweet” spot. You can also use pricing software if you’d like.
Step Six – Add House Rules to Help Guests Understand Your Expectations
When guests know exactly what to expect, they are more likely to be satisfied. Plus, keep guest safety and comfort in mind too.
Step Seven – Build Your Airbnb Profile
Personalize your Airbnb profile to let people know what you’re all about. Don’t forget to include an awesome photo and relevant personal information about yourself. Essentially, think about what you want other people to see that’ll help them decide if your listing is right for them.
Step Eight: Respond to Guest’s Inquiries promptly
This is an important step and a key to success. You’ll want to respond quickly, even if you’re not sure of an answer. Since people have a lot of choices, a slow response could mean the loss of a booking.
Step Nine: Get Your Property Ready for Guests
You’ll want to make sure everything is in order, and that the property looks great for guests. Plus, if there are any last-minute things to do, you’ll want to get them done before the booking starts. Always try to do one last walk-through before they arrive too.
Step Ten – Welcome Your Guests & Answer any Questions They May Have
Make sure they have the information they need to settle in and enjoy their stay. This is also a great opportunity to ask for feedback and get them excited about leaving a review!
There you have it. You are now ready to start accepting customers and renting your property. Want more tips? See our tips for a successful launch.
Hosting is Now Easier Than Ever
Thanks to AirCover coverage, you can rent your home or extra space with the peace of mind that provides $1 million in damage and $1 million in liability.
AirCover is automatically part of your policy when you choose to host with Airbnb. You’ll get instant and easy-to-use coverage as soon as you start hosting.
Plus, if you have any additional questions, Airbnb now offers an interface to allow you to “ask a superhost.” This is a great resource for hosts who want to make sure they’re doing everything possible to maximize their revenue and customer satisfaction- or just help you see any blind spots you may not have thought about.
Grow Your Airbnb Business with These Proven Strategies
There are many benefits to becoming an Airbnb host. It can be a great way to make some extra money, but it can also be a lot of work.
The good news is that platforms like Airbnb have made the process easy for hosts to manage their listings on the go! And, best of all, if you do want to take a vacation – your home will still make money while you’re away.
Now that we’ve covered the basics of becoming a host, it’s time to think about how you will grow your business! We’ll share some quick tips that you can implement today.
Optimize for Search
One of the best ways to get more bookings is to make sure your listing shows up high in search results. Need tips? See our post about boosting searchability.
Hire a Professional Photographer or Videographer
People are primarily looking at pictures to make the decision if they’ll click on your listing. To get more bookings, you’ll want to have great photos that highlight your listing’s best features. Have questions about this? We can recommend excellent photographers in the area!
Maximize Your Guests’ Experience
The little details can make all the difference. Whether it’s thoughtful decor or putting together a guide for the local neighborhood, your guests will notice that you went the extra mile. Having satisfied customers that leave a good review is the key to growing your business.
Follow Up After Guests Depart
Getting feedback from guests is essential to your success as a host. Ask them how they enjoyed their stay and if there’s anything you could do to make their experience better next time. You may even want to send a survey after they’ve left to get more detailed feedback.
Scale Your Airbnb Business with These Tips!
Now that you know the basics of becoming an Airbnb host and growing your business, it’s time to take things to the ultimate next level! Here are a few tips to scale your business:
Think About What You Offer and How You’re Different
When you’re thinking about ways to grow your business, it’s important to think about what makes you different from other hosts. Why should guests choose you over someone else? When you can set yourself apart that is when you will start getting inundated with bookings.
Use Airbnb’s Tools and Resources to Help You Grow
Airbnb has a number of tools and resources available to help hosts grow their businesses. Make sure to take advantage of these tools and see how they can help you reach your goals. For example- getting superhost status to increase your bookings or offer your rental under Airbnb plus.
Stop Trading Your Time for Money
Once you’re getting regular customers, it’s time to think about how you can take a step back to enjoy your income without having to do all the things. With a property management company, you can have the freedom to travel or take on other ventures (even just having time to relax!) knowing that your property is in good hands.
Many people hesitate to become Airbnb hosts because they think it will be too much work. The truth is, with AirCover and a property management company like Skye Management, you can sit back and watch the extra money trickle in.
Utilizing Airbnb to Reach Your Financial (and Time) Goals
Becoming an Airbnb host is a great way to make some extra money while providing guests with a unique experience. It can truly be a life-changing experience.
For more information on growing your Airbnb business, be sure to check out our other articles! If you need help getting started or scaling your Airbnb business in Southern California, we are here for you. Don’t hesitate to reach out.