Tips for Running an Airbnb Property
Since it was founded in 2008, Airbnb has seen exponential growth in the vacation rental industry. The innovative company is not without its controversy but, regardless, it remains the easiest way for virtually anyone to list their property for vacationers. If you are considering renting your property on Airbnb, here are some tips to success.
First of all, quality photography makes a huge difference. Consider hiring a professional photographer as the average quality of photographs on the site is quite high. If you are an inexperienced photographer, it will show in your photographs.
Second, a considerable amount of time must be devoted to this process if it is to be successful. Dedicating some time each day will increase your chances at solidifying clients. Since an Airbnb rental requires multiple interactions with guests, being prompt with responses and anything else will help immensely.
First impressions are critical. Prompt, friendly communication with guests will give your interactions a more personal touch and guests will remember. Rapport and connection are your friends.
Create an individualized experience for your guests. Highlighting features of your location and nearby activities will help your listing stand out from others. More detail will likely increase your chances.
One of Airbnb’s draws to guests is the upper hand it holds over hotels when it comes to cost effectiveness. Reasonable pricing will get your listings more traffic and can get you better reviews – snowballing into more business.
Quick responses are key to making your guests feel welcome and helps create the best overall experience. Creating canned responses for certain situations can help save time.
Installing a lockbox can allow guests to essentially check themselves in. When travelling, many unexpected things happen such as flight delays. Having a lockbox or smart box means you won’t have to give guests keys in person.
Laws regarding property rented through Airbnb differ from city to city and country to country. Be aware of the laws in your city to avoid any legal issues.
Hiring a cleaning service for your property will save you much time and effort. To offset the cost, you can charge guests a cleaning fee for particularly short stays.
As they say, the devil is in the details – this remains true for Airbnb properties. Stocking your property with not only essentials but with books, board games or movies and other entertainment will help create a better experience for your guests. Also, make sure the kitchen contains condiments, coffee and tea.
In conclusion, Airbnb is an incredible platform for short-term property rental. It can be a viable source of income and if done right can even generate five or six figures of revenue off of multiple listings.