Making Money with Airbnb


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Making Money with Airbnb

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While the hype is all roses and dollar bills, is it really all it is made out to be?

Let’s take a look.

    •         First check out your local competition to see what prices and amenities they offer
    •         Consider how your room/house will compare and what price you may realistically charge
  •         Bring the room/property up to a high standard, keeping in mind the better the quality, the higher the rent

The next step is to join up with the Airbnb site and get to know how it all works. As a member, you control the price, the availability, and you set the house rules such as no loud noise after 9.30 pm in respect to the neighbours.

If you want to know how to write a quality AirBnB listing to make your property stand out from the crowd, you can read our guide here

Airbnb offers tools, tips and 24/7 support. If you have a problem, you can always contact them, and they will guide you on how best to handle it.

How do I know the guests are genuine?

Guests are required to submit a profile photo and their email and phone details are verified. You can also request a Government ID.

The reviews that are posted after a stay keep both the host and guests accountable while also providing honest feedback for potential guests who are considering your property.

Good communication with the guests is essential. It pays to respond to guest enquiries as they come in. It is up to you whether you accept their booking or decline it.

Additional things you will require

Like any new business, it takes time to get set up properly. Some of the key things you will need include

  •         Good quality photos of the property for marketing
  •         A good cleaner unless you aim to do the cleaning yourself
  •         Check council and tax requirements for your area. Remember any income you make must be declared to the taxation office
  •         Small signs within the property on how everything works

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