You must have heard about Airbnb.
It’s a nicely set up source of income which deposits considerable cash into the hands of many hosts.
What do we mean by this?
We mean there are thousands of homeowners around the world who have generated serious income by letting out their homes to temporary dwellers. If you run a hotel, this may be bad news for you; however, if you own quality properties in magnificent locations, then this could be a great little earner for you.
Like many out there, you could become a professional host under the regulation of Airbnb and launch this mainstay investment cash cow. Here, we will tell you everything you need to know about Airbnb, how to begin, what things to invest in and how to pull the guests in.
In short, we will show you how to be the best professional Airbnb host you can be.
Where to Begin
It doesn’t matter if you already have a quality apartment or you’re looking to buy a new one, you still have to make sure that the requirements needed to succeed in this business are fully met. By these requirements, we mean elements like the appeal of the location; the features of the property and many others. We’ve detailed out the necessary elements your property needs before it can be Airbnb material.
- Location: Is your property located in a bubbling district? Does your location have fast access to public transport? Does it have tourist attractions?
- Apartment’s features: What unique qualities does your apartment have? Is it modern styled or traditional? Are the rooms a state-of-the art? Does it have basic functional utilities like a swimming pool?
- Character: Does your apartment have a homely vibe? Your apartment should have one; that’s what sets it apart from a hotel in the first place.
To better help you understand these elements; you need to do some market research on the already existing Airbnb properties in the area. If you choose an area with competitive Airbnb properties, you should ask yourself, “what makes mine stand out?” If your chosen location is much covered by Airbnb properties, then you should be asking, “How can I use this to my advantage?”
Things to Invest In
To be honest, the Airbnb business isn’t a cheap business. You’ll need money to make it work. Being a professional Airbnb hosts not only means establishing an apartment for letting out, it also means refurbishing as the guests come and go. While you don’t have to make wholesale changes to your apartment, it does help to invest in a couple mind-blowing amenities that will get you those positive reviews. These are the things to invest in depending on the guests.
- For Couples: A romantic setting of your apartment could be enhanced by the supply of linens, eye-catching toiletries and restaurant recommendations.
- For Families: You’ll want to provide basic amenities like a washing machine, a fully stocked kitchen, and sometimes, a play area for the kids.
- For Businessmen: Fast and accessible internet would be the main thing to invest in, along with effortless laundry service and quietness.
How to Attract Guests
Attracting guests to your Airbnb home is the hard part, because it’s an on-going thing. First impressions are important, so you’ll need fantastic photography to impress potential clients. Airbnb offers some photography service, along with photography tips to help you stand out in the listings.
Next, you’ll need an appealing title and an enchanting description. Do everything you can to sell your apartment’s unique features. You can hire a sales-copy freelancer to help you with this. Marketing is an important part of keeping your Airbnb business afloat. Invest in content marketing as well as social media marketing.
Also ensure that your guests’ needs are catered for. You can do this by automating and delegating work.