Renting out your place on sites like Airbnb can be a great way to make some extra cash. However, that income can vary depending on where you’re based, the quality of your home, and the services you provide. Being a successful host involves more than simply posting a few photos and writing up a clever listing. Here’s how to start renting out your space to maximize your earning potential.
Even if your home feels perfect for you, think about how a stranger will feel in your space. Clear the clutter. Guests are not interested in your collections of things. A good rule of thumb: If it’s important to you – put it away, not on display!
Cleanliness is the most common complaint among Airbnb guests. Unless you’re Monica Gellar, your version of super clean is still not good enough. Err on the side of caution and hire a cleaning service to do the dirty work for you!
Airbnb guests expect the space to be fully furnished and comfortable. Think of your favorite hotel and mimic that experience.
The check-in process starts as soon as someone books your place, so be sure to make contact with a friendly hello as soon as the reservation comes through.
Remember that Airbnb will take a small cut of your booking fee. They generally charge hosts a flat 3% per reservation. You’ll need to factor all of these expenses into your ongoing maintenance and operation costs to ensure that you are not spending more than you are making.
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