Airbnb started as “Airbed & Breakfast” in 2007. Little did the founders know that in 15 years the company would attract four million hosts and feature 5.6 billion properties.
Have you ever considered turning your space into an Airbnb? Seeing as Airbnb hosts cumulatively earned $110 billion since 2008, that’s not a bad idea. You may have the desire, but do you know how to get started in Airbnb renting?
This helpful guide will present you with three things to know when getting started in Airbnb! Get cozy and keep reading to learn what you need to know about starting out in Airbnb.
1. Know Your Area
When wondering where to get your start in Airbnb, the best place is Airbnb itself. Look through the listings in your area at stays that will be similar to the one you will offer. Whether you plan to rent out a room, a back casita, or your whole house, combing through Airbnb gives you an idea of the market you’ll be in.
What are the nightly rates like? Do you notice any design trends among the most popular listings? Is there a significant price jump based on the number of guests that can stay?
Finding the answer to these questions equips you to make smart choices as you wonder how to get started as an Airbnb host.
2. Your Space Needs A Makeover
Now it’s time to apply what you learned to your space. Give yourself time before you create your listing to declutter and organize. Clear away personal items like pictures, clothes, and family heirlooms.
A must for all listings is strong WiFi. Great touches to single room listings include a coffee machine and a mini-fridge. Finally, you can maximize guest potential with bunk beds and sleeper sofas.
Stock up on supplies for the house to ensure the comfort of your guests and get the best reviews afterward. The kitchen should have:
- Coffee/tea
- Salt/pepper/basic cooking spices
- Soap
- Plates/cutlery
- Trash bags and paper towels
The bathrooms should be well-stocked with:
- Toilet paper
- Towels
- Soap
- Shampoo and Conditioner
- Hairdryer
3. Prepare For The Worst
As you learn how to get started in Airbnb hosting, you should have a plan for if/when the worst-case scenario happens. Have ready a property manager (if you plan to use one) and the contact information for emergency repair services like heating, A/C, and plumbing.
Although Airbnb provides liability coverage, you should let your insurance provider know you’re planning on using your space for an Airbnb. Also, establish an LLC and use it as the hosting company. While that requires extra steps upfront, it can save your personal assets in the case of a lawsuit.
Now You Know How To Get Started In Airbnb
With these three steps in mind, you know how to get started in Airbnb. If you’re renting out your home and looking for a place to go yourself, consider an Airbnb stay in sunny Arizona.
Kick back and relax while your home makes you money! Check out our website today to book your stay!