tenant management Archives

How to Choose the Right Furniture for Your Airbnb?

Posted on 27 November 2023 - 9:26 am

Think of a typical “grandma’s house” with a floral sofa and doilies. If grandma adds a modern table with shiny legs, it would look out of place in her cozy, old-fashioned room.

Your Airbnb’s furniture shows the kind of experience and price level you’re offering. Fancy furniture doesn’t fit in a cheap rental, just like simple IKEA pieces wouldn’t match a fancy place. But, no matter where your furniture comes from, it’s important to make sure it all goes well together. This is what guests are looking for today.

Getting the right look and feel with your furniture can lead to good reviews and more money. Need help starting? Here are our best tips for picking Airbnb furniture.

How to furnish an Airbnb

To furnish an Airbnb, first decide what kind of experience you want to give your guests. For example, a fancy rental in the Hollywood Hills will need different furniture than a small cabin in the Rocky Mountains. Furnishing your Airbnb might seem easy, but it’s important to really understand your market and how much you’re charging.

The furniture in your Airbnb is key to making your listing stand out. You need furniture that looks good in photos, whether it’s expensive or not. Also, think about how much you charge per night; the more you charge, the more guests expect.

So, how you choose and arrange your furniture is just as important as the furniture itself. You can go for high-end items or more affordable ones. Below, we’ll talk about how to do this well.

Define your property’s style

Decide on a look before you furnish your Airbnb. Guests often prefer clean, minimalist styles like Scandinavian and Modern Farmhouse, but you don’t have to completely redo your space to match these.

Analyze your market and competitors. Consider whether you’re aiming for a high average daily rate (ADR) or a more budget-friendly short-term rental (STR). Think about your Airbnb’s location: is it in a city or in the mountains? Also, consider if there’s a unique local style or furnishing, like porch beds in the South.

These considerations will guide you to the ideal aesthetic for your Airbnb. Remember, guests seek immersive experiences, so choose furniture that reflects both your market and your pricing strategy. If you’re offering a luxury experience, ensure your furniture is luxurious.

Understand furniture function

You’ve chosen a style – that’s great. Now, focus on the function of your short-term rental’s (STR) furniture. Consider how guests will use each piece. For instance, is the living room ottoman meant for storage, or is it just for show?

Choose furniture that enhances your guests’ experience during their stay. A trendy hanging chair might look great on TikTok and attract bookings, but if there’s no comfortable seating, that’s a problem.

This principle applies to practical furniture too. Don’t choose a stylish dining table that seats only four if your STR accommodates eight people.

Most importantly, avoid prioritizing style over substance. While it’s tempting to design an STR that looks good, don’t compromise functionality and comfort for aesthetics.

Airbnb furniture safety

No matter if your furniture is from Pottery Barn or a garage sale, it must be safe. Safety might not be the first thing you think of with furniture, but it’s important. Taking time to secure furniture properly can prevent big problems later.

Secure beds, dressers, and other large furniture to the wall. Put guard rails on all bunk beds. Ensure that electrical outlets are grounded and meet code requirements. Use cordless blinds to reduce choking hazards and provide child-proofing items like baby gates if needed.

Cost-effective furniture

You don’t have to spend a lot to furnish your Airbnb, but what you spend should match your rental’s price range. Fancy furniture like Crate & Barrel might be too expensive for a budget rental, but could be a good choice if you’re charging luxury prices.

Whatever your price range, it’s smart to think about how you use your furniture budget. Better quality furniture costs more but lasts longer. You don’t have to spend a lot on everything, though. It’s a good idea to spend more on important things like beds and couches and save on things that aren’t used as much, like dining chairs.

What furniture does my Airbnb need?

You likely already know that your short-term rental (STR) needs at least one bed and probably a couch. However, the other furniture depends on your specific unit.

You should furnish rental properties to make the most of all available spaces. Furnish every bedroom with beds, provide plenty of comfortable seating in living and dining areas, and even add a cozy chair or two on patios. Typically, this includes:

Bedroom:

Choose a bed with a headboard.
Select a comfortable mattress that’s at least eight inches thick.
Provide bedside tables and lamps.
Ensure outlets are accessible. Use an extension cord if outlets are behind the bed or hard to reach.
Include a dresser.
Hang a mirror.
Place an area rug.

Living room:

Offer enough seating for the number of guests your STR accommodates. This might include:
- A couch or sectional.
- A sofabed with a pull-out mattress.
- A loveseat.
- Armchairs or recliners.
- A coffee table or ottoman.
- Side tables.
Set up a TV.
Add an area rug.
Place table and/or floor lamps.

For other spaces:

Patio furniture:

Use a bistro table.
Add an outdoor couch or loveseat.
Include a side table.
Provide an umbrella or shade covering.

Kitchen:

Have barstools.
Consider a kitchen island.
Include a kitchen helper for family-friendly STRs.

Workspace:

Equip with a desk.
Add a desk chair.
Provide lighting.
Ensure outlets are accessible.

Remember, the furniture you choose should reflect how you price and position your STR. Whether you’re targeting families or couples, luxury or budget travelers, your furniture should match your market.

Where to Buy Furniture for Airbnb

The right place to buy furniture for your Airbnb varies, just as furnishing styles do. If you manage local Airbnbs, shopping in person might suit you best. However, if you manage your STRs remotely, online shopping could be more convenient.

Here are some of our favorite places to shop for Airbnb furniture:

IKEA

IKEA is more than just Swedish meatballs; it’s a one-stop shop for Airbnb furniture. Here, you can find everything from beds and frames to bedding, living room furniture, and decor for every room. While their furniture is generally budget-friendly, they also offer some high-end looking pieces that are still affordable.

Wayfair

For online shopping, Wayfair is an excellent choice. They offer a wide range of options for every budget and room. Wayfair is especially useful if you need to furnish multiple units across different price tiers or manage your units remotely.

West Elm

West Elm appeals to luxury travelers. If you’re aiming for higher average daily rates (ADRs) or competing with upscale STRs, consider West Elm. Their furniture is not only comfortable but also stands out in photos. However, be mindful that West Elm’s higher prices might impact your profit margins if you’re aiming for a modest ADR.

Craigslist/Facebook Marketplace

For local Airbnb hosts who can dedicate time to furniture hunting, Craigslist or Facebook Marketplace are excellent options. You can find high-quality pieces at low prices. However, this approach requires more effort and time to find pieces that match your aesthetic.

American Furniture Warehouse (AFW)

AFW is great for knowing exactly what you’re getting. You can visit an AFW, try out furniture, and then order for your unit’s location. It’s ideal for standardizing your listings and ensuring comfort and quality. However, be aware of potentially long wait times for orders, so check delivery times before purchasing.

Quick Guide to Furnishing Your Airbnb Property

Furnishing a vacation rental home isn’t a quick or easy task. Simply ordering a bunch of mismatched pieces online might hurt your average daily rate (ADR) and revenue. Instead, take time to analyze your market, decide on an aesthetic, and choose furniture that delivers the experience you promise your guests.

You also don’t need to spend too much time furnishing your Airbnb. AirDNA’s improved Rates Tool comes with smart filters that quickly determine your price tier. Whether your short-term rental (STR) is budget, economy, midscale, upscale, or luxury, this tool helps you save time. Then, you can focus on selecting furniture that really makes an impact.

If you feel ready to outsource your property management to an expert, check out our services!

How to Boost Your Rental’s Appeal for Last-Minute Bookings?

Posted on 21 November 2023 - 9:57 am

If you own or manage a vacation rental and want to increase your occupancy rates by getting last-minute bookings, this is the time to act. The travel industry is currently experiencing a surge in spontaneous travelers, actively seeking flexible and impromptu getaways. They are in search of last-minute vacation rentals, and attracting these last-minute bookers can drastically enhance your short-term rental business, maximizing both occupancy rates and revenue.

In this blog post, we’ll delve into effective strategies that will help you draw in impulsive travelers and secure more last-minute bookings for your vacation rentals. By adopting these tips and techniques, you can optimize your property’s visibility, offer compelling deals, and create an urgency that compels guests to quickly book your property for their upcoming spontaneous trips.

1. Optimize your online presence

To attract last-minute bookings, having a strong online presence is crucial. Begin by making sure your vacation rental listing is enticing, accurate, and up-to-date on popular platforms like Airbnb, Booking.com, or VRBO. Listing on multiple channels increases your audience and boosts your potential for bookings, helping you fill vacancies. Although this might mean more work and a risk of double bookings, using a channel manager like Keey can unify your calendars and help you streamline and automate operations across multiple channels.

Ensure that your listings draw in potential guests by featuring high-quality photos that highlight your property’s unique features and amenities. Also, craft a compelling listing description that showcases the key selling points and emphasizes the value you offer to last-minute travelers.

2. Offer Last-Minute Deals and Discounts

Create urgency by offering special deals and discounts for last-minute bookings when your property is vacant. You might offer discounted rates for upcoming dates within a few weeks or provide additional perks like complimentary late check-out or welcome amenities. Get creative by linking your rental with a local event, restaurant, experience, or even a tee time at a nearby golf course. Your offers may vary with the season, but focus on what will attract those last-minute travelers. Actively form partnerships in your community to make these offers a reality.

Actively promote these offers on your website, social media channels, and through email newsletters to catch the attention of potential guests looking for spontaneous getaways.

3. Utilize Social Media and Email Marketing

Use your social media platforms and email marketing to reach last-minute travelers. Post engaging content regularly on platforms such as Instagram, Facebook, and Twitter, showcasing your vacation rental and any ongoing promotions. Consider creating ads on Facebook and Instagram; since Facebook owns Instagram, your ad can appear on both platforms simultaneously. Craft a strong call to action to entice last-minute travelers to book with you. Add a booking link across your social media pages to enable immediate action from your followers.

If you haven’t already, develop an email subscriber list of past guests and inquiries, and send out regular newsletters featuring exclusive deals and information on last-minute availability. Segment your email list to specifically target subscribers interested in last-minute offers or those living within a close driving distance. Ensure your subject line is catchy and relevant to your call to action – encouraging bookings for your vacant dates.

Engage your followers further and broaden your reach by offering a referral bonus for new bookings.

4. Leverage Local Events and Activities

Keep abreast of local events, festivals, and activities near your vacation rental. When you promote last-minute bookings, emphasize your property’s proximity to these events and the convenience and unique experiences guests will enjoy by booking with you. Suggest nearby attractions, restaurants, and entertainment options to attract last-minute travelers seeking a memorable getaway.

5.Implement Flexible Booking Policies

5. Implement Flexible Booking Policies

Offer more lenient booking policies to appeal to last-minute travelers who often seek flexibility in their accommodation arrangements. Consider reducing minimum stay requirements, providing flexible cancellation policies, or allowing same-day bookings. Ensure Instant Book is activated across all channels to appear in searches by last-minute travelers. Remember, these travelers are looking to book quickly—if they have to wait for your approval, they might move on to another option.

6. Engage with Previous Guests

Utilize guest loyalty and word-of-mouth marketing by reaching out to previous guests who enjoyed their stay at your vacation rental. Offer them exclusive deals for future last-minute bookings. Encourage them to leave reviews and share their experiences on review platforms and social media, thereby enhancing your property’s visibility and credibility.

7.Stay Active and Responsive

Respond proactively and quickly to inquiries, providing potential guests with prompt and helpful information. Remember, timeliness is crucial for last-minute bookings, and any delay in your response could result in a lost booking opportunity.

Embrace the world of last-minute bookings to transform your vacation rental business. Implement strategies that attract spontaneous travelers, and you’ll optimize your property’s occupancy rates, maximize revenue, and establish a reputation for flexibility and responsiveness. Continuously monitor market trends, adapt your strategies, and stay ahead of the competition. By offering enticing deals, leveraging online platforms and marketing channels, and delivering exceptional guest experiences, you position your vacation rentals as the top choice for those seeking a quick escape. Get ready to welcome a wave of spontaneous guests and convert those last-minute vacancies into thriving bookings. Start applying these tips today and see the positive impact on your rental business.

If you feel ready to outsource your property management to an expert, check out our services!

How to Make Your Short Let Home LGBTQ+ Friendly

Posted on 13 November 2023 - 10:20 am

According to Booking.com’s research involving 3,052 LGBTQ+ travelers, it was found that 65% think about their safety and wellbeing as LGBTQ+ people when picking where to go. Also, 58% feel that being LGBTQ+ means that some destinations are off-limits. This statistic proves the growing demand for inclusive and safe spaces in the travel industry.

If you rent out a vacation home, making it a place where these travelers feel welcome can make your rental stand out. This article will help you make your rental a place where LGBTQ+ guests feel really comfortable and valued. We’ll talk about different ways to make sure every guest, no matter who they are or who they love, feels at home and respected.

What does LGBTQ+ mean?

LGBTQ+ includes people who are Lesbian, Gay, Bisexual, Transgender, Queer or Questioning. It also covers other identities like non-binary and pansexual.

There are more terms, but this is a basic idea to help you welcome different kinds of guests in your vacation rental.

Many in the LGBTQ+ community still face or worry about discrimination while traveling. As a host, you can really help make their holiday better and have a positive impact on their lives.

Why is it important to welcome LGBTQ+ guests?

Everyone deserves to feel safe and welcome when they travel. Welcoming LGBTQ+ guests is not just about avoiding discrimination, but it also has many positive effects.

Firstly, it’s about supporting equality and human rights. Showing that you’re inclusive tells everyone that you don’t tolerate discrimination and that you care about all guests, no matter who they are. Your welcoming attitude can help make society more tolerant and accepting.

Also, having LGBTQ+ guests makes your rental community more diverse. This lets people share and learn from different life experiences, creating a place where everyone feels included.

Plus, by being a gay-friendly host, you set an example for others in the tourism industry, gradually making it more inclusive for everyone.

Finally, by welcoming LGBTQ+ travelers, you open your doors to a wider group of potential guests. Studies show that the LGBTQ+ travel market is worth billions and is growing faster than other areas. An inclusive space attracts guests who value such environments. Happy LGBTQ+ guests often leave good reviews, come back again, and tell others about their experience. This can be great for your business.

How to make your rental more LGBTQ+ friendly?

1. Educate yourself and your staff

To make your rental more LGBTQ+ friendly, start by educating yourself and your team about the community’s issues and challenges. Learn about various sexual orientations and gender identities to foster empathy and understanding.

Next, actively train your staff in appropriate language and responses to potential issues, ensuring a respectful atmosphere for all guests.

Finally, diversify your team. Hiring people from different backgrounds – not just in terms of gender or sexuality, but also age, race, religion, and abilities – is crucial for making everyone feel welcome.

2. Review your house rules

Check and update your house rules to make sure they’re fair and considerate of everyone. Make sure your rental is a safe place where no one is treated badly because of who they are or who they love. In your rules, clearly say that you stand for equality and welcoming everyone.

3. Use gender-neutral words in your communication

Gender-neutral pronouns like ‘they/them’ don’t specify a gender and are helpful for people who don’t fit into the traditional ‘male’ or ‘female’ categories.

When talking to guests or describing your rental, try to use language that doesn’t assume someone’s gender. For example, use ‘partner’ instead of ‘husband’ or ‘wife.’ This helps create a welcoming space.

If a guest tells you their preferred pronouns, remember to use them in all your conversations. You can also ask guests about their preferred pronouns to show respect for their identity.

4. List your short let on gay-friendly OTAs

To reach LGBTQ+ travelers, consider listing your rental on gay-friendly online travel agencies (OTAs). Misterb&b is known as ‘the Airbnb for the LGBTQ+ community’ and is the largest of its kind, with over 1 million listings in 200 countries. This includes everything from private rooms and apartments to LGBTQ+ friendly hotels, increasing your rental’s visibility to a wide audience.

Another platform is Fabstayzs, which aims to provide a comfortable and welcoming environment for travelers who seek a fabulous vacation without worries about acceptance.

Additionally, these platforms often offer resources like master classes to help hosts understand the challenges LGBTQ+ travelers face and how to accommodate diverse guests.

5. Gender-neutral amenities

Enhance your rental with gender-neutral amenities to better serve LGBTQ+ guests. Consider providing unisex options like aprons, toiletries, or even bathrooms.

Providing these amenities shows that you’re thoughtful about the diverse needs of your guests and helps create a comfortable and inclusive environment for everyone.

6. Create a guide of LGBTQ+ friendly places

Research and list welcoming restaurants, bars, shops, clubs, and gyms. Include these in a welcome book, on your website, or in a blog post.

Also, add contact information for supportive organizations, including local police, for safety. This shows your guests that you understand their concerns about discrimination or potential harm, and that you care about their well-being during their stay.

7. Always ask for feedback

Encourage them to give reviews and ideas for making your rental more inclusive. Listen to what they say and make changes based on their suggestions. Doing this shows you’re dedicated to getting better and builds trust with your LGBTQ+ guests.

8. Display LGBTQ+ symbols

Think about adding LGBTQ+ symbols, like rainbow flags or equality stickers, in your rental in a subtle way. These symbols can show guests that your place is open and friendly. Just be sure to do this honestly and not just as a way to attract more guests.

Also, use photos on your website and in your ads that include everyone. This will let your guests know that they will be treated with respect in your rental. Remember, being true and sincere is very important.

9. Treat every guest with respect

To be an excellent host, it’s crucial to treat every guest with respect. However, because discrimination still happens, your LGBTQ+ guests will especially value feeling welcome and safe in your home. Making an extra effort to ensure they feel comfortable shows your commitment to being a thoughtful and inclusive host.

Conclusion

Making your vacation rental LGBTQ+ friendly is more than just offering a nice place to stay. It’s about creating a space that values diversity, is welcoming to all, and respects the specific needs of LGBTQ+ guests. By implementing these practices, you contribute to a world where everyone, no matter their sexual orientation or gender identity, feels safe, respected, and at home.

If you need more tips on how to make you short let a welcoming space, take a look at some of our other guides! Or, if you feel ready to outsource your property management to an expert, check out our services!

Transforming UK Property Investment: Count and Keey’s Game-Changing Partnership

Posted on 12 October 2023 - 2:38 pm

Count and Keey are teaming up to change property investment. They’re experts in the industry, and they want to make it easier for people and businesses to invest in real estate.

This partnership means you’ll have a simpler and more transparent way to invest in property. You can get the latest information, make more money, and save lots of cash. It’s a big deal and will shake up property investment in the UK!

Simplifying Property Investment

Count, a leading accounting company in the UK specializes in providing bookkeeping, accounting, and tax services tailored for small businesses and sole traders. When clients choose to work with Count, they are paired with their dedicated ICAEW ACA Chartered Accountant. Count assists clients with various accounting matters, allowing them to concentrate on their businesses, while the firm handles their financial needs.

Their services make property management easier as having a dedicated accountant, can streamline financial processes, ensure compliance, and provide valuable insights into property-related finances. This, in turn, simplifies property management tasks, reduces administrative burdens, and allows property owners and managers to focus more on the core aspects of managing their properties efficiently and profitably.

Effortless Property Management

Keey, a top property management platform, helps property owners maximize their rental income and make property management easier. They use advanced technology and a network of property experts to manage properties without any trouble.

Property owners can rely on experienced local managers who take care of daily tasks, tenant screening, maintenance, and rent collection. They get real-time financial reports to see how their property is doing, giving them more control and better decisions.

Unmatched Transparency and Control

Count and Keey are all about giving investors complete transparency and control over their property investments. Count streamlines legal processes, making sure investors understand the legal side of owning property.

Keey’s platform offers detailed financial reports and analytics, so investors can track income, expenses, and overall performance. This transparency helps investors make smart choices and stay confident about their investments.

Access to Expert Help

The partnership between Count and Keey gives investors access to property investment and management experts. With their combined resources, investors get support from legal, financial, and property management pros.

This support is especially useful for new or inexperienced investors who want to start with confidence. Expert guidance helps investors handle complexities, make the most of their investments, and reach their financial goals.

In Conclusion

Count and Keey’s partnership is a big step forward in property investment. They make processes smoother, improve transparency, and provide expert property management. Investors can now find, buy, and make the most of their investments with ease.

This partnership shows their commitment to innovation and customer satisfaction. Count and Keey help investors make better choices and succeed in the real estate world.

As these two companies work together, the future of property investment looks brighter. Count and Keey are leading the way for a new era of property investment in the UK, where convenience, transparency, and profit come together to benefit investors and redefine success in the industry.

Where to List Your London Apartment: Top 5 Sites

Posted on 5 October 2023 - 10:24 am

London, with its grandeur and bustling life, remains a prime location for real estate. For property owners, the city offers a golden opportunity to lease out their apartments to a diverse set of clientele – be it tourists, professionals, or students. But where exactly should you list your London apartment to attract potential renters? With a multitude of rental platforms available, it becomes essential to cherry-pick the best ones. This blog will unveil the top five sites where you can list your London apartment for maximum visibility and returns.

1. Rightmove

The UK’s Number One Property Website

Rightmove stands tall as one of the UK’s most dominant property listing sites. With its user-friendly interface, extensive database, and innovative features like ‘Draw-a-Search’, it caters to millions of monthly visitors. Property owners can benefit from the site’s vast reach and credibility. Rightmove offers comprehensive analytics, enabling landlords to track the performance of their listings and adjust accordingly. Moreover, its mobile app ensures potential tenants can view your apartment even on-the-go.

2. Zoopla

Delivering Smarter Property Choices

Zoopla has carved its niche in the property listing world, not just by its vast collection of properties but also through its unique tools. The site’s ‘SmartMaps’ feature provides a visual exploration of a neighbourhood, allowing renters to understand the local amenities, schools, and transport links. For landlords, Zoopla’s ‘Property Valuation Tool’ can be a game-changer, helping to set competitive prices. Additionally, its engaging blog section offers insights into the latest real estate trends, keeping both landlords and tenants informed.

3. Spareroom

Transforming the Room Rental Scene

If you’re looking to rent out a single room or a shared space in your London apartment, Spareroom is your go-to platform. As the UK’s leading flatshare website, it connects landlords with potential roommates, ensuring compatibility. With features like ‘Buddy Up’, tenants can even team up with others to find a shared space, ensuring your apartment is always in demand. For those concerned about security, Spareroom offers an ‘Advanced Member Verification’ feature, giving an added layer of trust.

4. Gumtree

The Classic Choice for Direct Listings

Gumtree, although a classified ads platform, has a robust property listings section. Being one of the UK’s largest digital brands, it offers landlords a wide audience without getting confined to just property-seekers. The platform allows direct interaction between landlords and potential tenants, eliminating the need for middlemen. With its easy-to-use listing procedure and the option to highlight ads for better visibility, Gumtree remains a favourite for many London apartment owners.

5. OpenRent

Empowering Landlords with Flexibility

OpenRent is more than just a listing site; it’s a comprehensive rental platform. It integrates property advertising with tenancy creation and rent collection. Landlords have the flexibility to choose the services they need, making the entire rental process seamless. OpenRent also lists your property on major platforms like Rightmove and Zoopla, ensuring maximum exposure. Its transparent fee structure and landlord-friendly tools make it a top choice for many apartment owners in London.

Conclusion:

Listing your London apartment on the right platform is crucial in today’s competitive rental market. Whether you’re aiming for broad exposure, unique features, or flexibility, the platforms mentioned above cater to varied needs. By strategically choosing where to list, landlords can ensure their property not only reaches a vast audience but also finds the right tenant. After all, in the world of property rentals, it’s not just about finding a tenant, but the right tenant.

If you feel you could benefit from Keey’s services, take a look at what we can do for you at Keey!

How to Start an Airbnb Business?

Posted on 4 October 2023 - 10:27 am

Airbnb, a blend of “air mattress” and “breakfast”, began in 2008 when its founders rented out their San Francisco loft. Fast-forward, and it’s a global phenomenon, transforming the way people travel. The allure of Airbnb lies in its dual benefit: travelers get a more authentic, localized experience, and hosts earn by renting out their spaces. Essentially, the Airbnb business model taps into the shared economy, allowing homeowners to make their properties, whether an entire house, a single room, or unique spaces, available for short-term rentals. If you’re looking at turning your vacant space into a potential income source or dreaming of starting a full-fledged rental business, here’s your step-by-step guide to launching a successful Airbnb venture.

1. Understand the Airbnb Model:

Before diving in, familiarize yourself with how Airbnb operates:

Hosts list their spaces, set prices, and define house rules.
Guests search for accommodations based on various parameters, book listings that appeal to them, and pay via Airbnb’s secure platform.
Airbnb earns by charging hosts a 3% listing fee and guests a service fee.

2. Research Market Demand:

Examine the demand for Airbnb in your area. Are you in a tourist hotspot? A quiet suburb? A business district? Knowing your potential audience helps tailor your offerings. Use tools like AirDNA to gain insights into occupancy rates, seasonal demands, and competitors’ prices in your area.

3. Evaluate Legal and Regulatory Implications:

Regulations for short-term rentals vary by city and country.

Some places require hosts to possess licenses or permits.
Others have restrictions on the type of property that can be rented out.
Understand local tax obligations, including transient occupancy taxes. Before listing, ensure you’re compliant with local laws to avoid potential legal pitfalls.

4. Ready Your Property:

a. Repairs & Renovations: Address any pending repairs. Consider minor renovations to make the space more appealing.

b. Furnishing: Ensure the space is furnished aptly. Basics include a comfortable bed, clean bathroom, functional kitchen, and reliable Wi-Fi.

c. Safety: Install smoke alarms, carbon monoxide detectors, and ensure there are clear emergency exits.

5. Craft an Inviting Listing:

a. Photography: High-quality photos are crucial. If possible, invest in a professional shoot.

b. Descriptive Title & Summary: Create a catchy title and a detailed summary highlighting what makes your space unique.

c. Amenities & House Rules: Clearly mention amenities you offer and set clear house rules. This ensures guests know what to expect.

6. Pricing Strategy:

a. Competitive Pricing: Starting with a slightly lower price can attract your first guests and crucial initial reviews.

b. Dynamic Pricing: Consider tools like Wheelhouse or PriceLabs, which adjust prices based on demand, seasonality, and local events.

c. Understand Airbnb’s Fee Structure: Remember, Airbnb charges a 3% host fee and a variable guest service fee.

7. Master the Art of Communication:

Always be prompt, polite, and clear in your communication with potential guests. Address their queries and concerns. Once booked, send a welcome message with essential details about check-in and your space.

8. Focus on Guest Experience:

a. Check-in Process: Whether it’s a lockbox, digital locks, or in-person, ensure a smooth check-in experience.

b. Welcome Kit: Consider a welcome kit with local maps, transport details, nearby attractions, and a list of recommended eateries.

c. Personal Touches: Small gestures, like a handwritten note or a basket of snacks, can elevate the guest experience.

9. Manage Operations Efficiently:

a. Cleaning: Ensure thorough cleaning between stays. Consider professional cleaning services.

b. Restocking: Regularly check and restock essential supplies like toiletries, coffee, tea, and other basics.

c. Maintenance: Regularly inspect for wear and tear, making necessary repairs or replacements.

10. Collect and Act on Feedback:

a. Reviews: Encourage guests to leave reviews. Positive reviews enhance your listing’s appeal.

b. Constructive Feedback: Use any constructive criticism to improve offerings and address valid concerns.

c. Engage with Guests: Respond to reviews, thanking guests for positive feedback, and addressing any negative feedback professionally.

Conclusion:

Starting an Airbnb business can be both exciting and daunting. However, with meticulous planning, a focus on guest experience, and adaptability to feedback, it can evolve into a rewarding venture. Remember, at the heart of every successful Airbnb business is the spirit of hospitality. By offering guests a unique, comfortable, and memorable stay, you not only earn income but also enrich the global travel community by providing a home away from home.

6 Pricing Strategies Every Airbnb Host Should Know

Posted on 3 October 2023 - 10:08 am

Let’s talk about Airbnb hosting – it’s not easy to figure out how to set the right price for your place. Many hosts, and we’ve all been there, struggle with this because it’s tricky to get it right. There are a lot of things to think about, like what other hosts are charging and when people want to book a place like yours. Sometimes, hosts just go with their gut feeling when deciding their prices because the other stuff can be a bit too much to think about all the time.

Seeing this struggle made us want to help out. So, we made a detailed list of pricing tips that any Airbnb host can use, whether you’re brand new or have been doing this for a while. Starting out, it’s key to do a little homework. Look at what prices other hosts are setting and think about when and why people are traveling to your area. Check out what guests want, too, like certain amenities. A quick look at this basic info will give you a solid base, helping you to set a smart price for your Airbnb listing.

1. Embarking on Airbnb Pricing for Hosting Novices:

Don’t raise your price too soon. It’s important to set your home’s price a bit lower than the average market price to attract those first, important bookings. Trying to compete with older listings that have lots of reviews right away isn’t a good idea; building up your own set of reviews should be a slow and steady process.

Tip: Starting with a lower price helps you build trust and avoids quick rejections. Plus, by having a lower price while still giving excellent service, you can sneakily beat the competition. To put it simply: Lower pricing is often a great way to attract Airbnb guests!

2. Gradually Escalate Your Listing Price:

After you’ve gathered a good number of reviews, it’s a good time to think about raising your price. Keeping a low price for too long might accidentally cause you to lose out on making more money.

Something Important to Remember: Just because your place is booked a lot doesn’t always mean you’re making as much money as you could be. If people are always picking your place because it’s cheap, they might have been willing to pay more, and you could be missing out on extra earnings. Moving on to the next point:

3. Immerse Yourself in Research:

Try to learn how other hosts, who have similar properties to yours in terms of size, number of bedrooms, style, amenities, and so on, especially those nearby, set their prices.

Tip: Notice how both old properties (ones with a lot of reviews) and new listings (ones with few or no reviews) set their prices. Hosts with more experience and reviews usually charge the full market price.

4. Deepen Your Research Efforts:

Don’t cut corners. Spend time and effort to really understand how to smartly set your Airbnb property’s price and find out its true worth, judged by how the market reacts. By getting to know similar properties around you, you also get to know who you’re competing against. It’s super important to know your competitors. Also, look into some of the most loved properties on Airbnb and figure out what cool things they’re doing to wow their guests. Do the same things.

Tip: Figure out and do what guests love, and they will likely love you back.

A Helpful Hint: If you like to offer extra stuff to your guests, feel free to charge more for that. A lot of Airbnb hosts do this to make their service worth more, and usually, guests really like these extra touches.

5. Timing is Paramount:

Always keep an eye on changing seasons, shifts in when tourists like to travel, and even the differences in prices between weekdays and weekends.

Weekdays VS Weekends: There’s a clear reason why hotel prices go up on the weekends and jump even higher on long weekends – that’s when more people travel. In short: demand goes up on weekends.

Tip: If you’re charging the same prices for both weekdays and weekends, you might want to think about changing your approach.

6. Stay Abreast of Local Happenings:

Being aware of big events happening in your city that can attract lots of people — either for fun or work activities (like relaxed events such as concerts, musicals, local festivals, big international events like F1 races, the Olympics; or work-related events like conferences, seminars, or exhibits) — is also really important.

Conclusion:

We get it; finding the perfect price for your Airbnb property can be a tough journey. It really does take a lot of time and work — something every successful Airbnb host must go through.

But there’s some good news:

There are Airbnb and property management service companies, like Keey, that are here to help take away the stress and hassle from your hosting duties, making your earnings journey smoother and easier. Take a look at what they offer and see how they can help you with your pricing troubles.

How to Attract and Evaluate the Best Tenants

Posted on 29 September 2023 - 10:26 am

As a landlord, protecting your property means finding trustworthy tenants. This involves not only seeking those who can manage rent payments but also thoroughly screening them to reduce property management risks such as delayed payments, evictions, and damages. New landlords often ask, “How do I check a tenant’s background?” This blog will guide you.

Tenant screening is essential. While horror stories about difficult tenants abound, many of these situations could have been avoided with better upfront screening. It’s not just about trusting your instincts; it’s about the data. For those looking to maintain steady rental income, a detailed screening process is crucial, covering credit reports, criminal backgrounds, and eviction histories.

Rushing tenant screening due to vacancy fears can be costly. Effective screening services are both quick and detailed. Let’s delve into why screening matters:

Know Your Applicant’s Finances: Beyond just a credit score, a detailed credit report highlights a tenant’s financial standing, revealing debts and credit behaviors. For applicants with limited credit history, options like requiring co-signers can be considered.
Ensure Payment Reliability: A majority of landlords express concerns about new tenant payment issues. Comprehensive credit reports and checks with past landlords and employers can illuminate an applicant’s payment and employment stability.
Protect Property & Community: Criminal background checks are crucial. Evaluating potential tenants’ histories ensures you don’t compromise property or community safety.
Eviction Prevention: Knowledge of an applicant’s eviction history is vital to sidestep future problems. Detailed eviction reports can give insights into past tenant behaviors.
Peace of Mind: Regular screening procedures, including credit, criminal, and eviction checks, increase the chances of acquiring reliable tenants. Services like Houst offer swift, dependable results, saving time and resources. Proper screening increases the likelihood of securing long-term, responsible tenants.

Lastly, adhering to fair housing laws ensures you treat all applicants equitably and stave off legal issues. All UK landlords should familiarize themselves with these laws to ensure a just and inclusive rental process.

Key Responsibilities in Tenant Management

Equal Treatment: UK landlords must ensure fairness throughout the rental process, avoiding discrimination from property advertising to tenancy management.

Advertisement Guidelines: Property listings should comply with anti-discrimination laws, focusing on property features, not potential tenant characteristics.

Objective Tenant Selection: Choose tenants based on rental history, creditworthiness, and references, steering clear of discriminatory practices.

Accommodating Disabilities: Landlords should make necessary adjustments, like wheelchair ramps, for disabled tenants unless they’re excessively burdensome.

No Harassment: Tenants exercising their rights under housing laws should never face harassment or retaliation. Always promote a respectful environment.

Implement Anti-Discrimination Policies: Regularly update and enforce policies in line with fair housing laws. Ensure all staff are trained and aware.

Maintain Records: Keep detailed records, including applications and accommodation requests, as evidence of fair treatment.

Tenant Screening Process: With digital applications rising, rental fraud has increased. Thorough tenant screening is essential. This involves:

Credit & Background Checks: Evictions are costly and time-consuming. Effective tenant screening can mitigate these risks.
Gathering Essential Details: Collect comprehensive details including full name, contact, employment, and references. Ensure all provided information is complete and transparent, keeping legal guidelines in mind.

Income & Employment Verification

A TransUnion survey found 84% of landlords cite payment issues as their primary worry, with eviction costs sometimes reaching $10,000. Ensure tenants have stable incomes to afford rent by checking income, employment, and obtaining recent pay stubs. Positive references, both personal and from employers, reinforce a tenant’s reliability.

Rental History Insights

Examining a tenant’s past addresses offers a glimpse into their rental behaviors and history. Landlords can gather insights about timely rent payments, property upkeep, and tenant-landlord relations by contacting previous landlords.

Importance of Landlord References

Landlord references are invaluable, revealing:

Rental Behavior: Insights into rent payment punctuality, property care, and lease adherence.

Reliability: Assesses trustworthiness in fulfilling rental obligations.

Tenant Interactions: Feedback on their conduct with neighbors.

Potential Red Flags: Past issues like late payments or property damages.

Truth Verification: Ensures honesty in provided details.

Checking Employment & Personal References

Evaluating an applicant’s character and financial stability is crucial. Personal references shed light on character, while employment references validate current employment and financial capacity to pay rent. Always use official channels for verification to ensure accuracy.

Eviction History Consideration

Be vigilant of a potential tenant’s eviction history. Overlooking this can result in expensive, time-consuming evictions. A thorough tenant screening, including eviction checks, prevents future issues. It’s wiser to preemptively address concerns than tackle them down the line.

Lease Agreement Overview

For new tenants, set move-in dates, tenancy duration, and monthly rent. New landlords can refer to this guide. A lease agreement is a legal contract detailing the rental’s terms, protecting both landlord and tenant. Essential components in a lease include:

Parties involved: Landlord, co-lessors, and all tenants’ contact details.
Rental Unit Description: Property’s full description, including address and parking.
Tenancy Term: Start and end dates, renewal process, and termination procedures.
Rent: Due date, amount, payment methods, and any late fees.
Utilities: What’s included or excluded.
Deposits: Outline deposit use and refund.
Smoking Rules: Where it’s allowed and penalties for breaches.
Insurance: Tenant’s required coverage.
Rental Unit Changes: Permissions and restrictions.
Maintenance: Responsibilities and accountability.
Subletting: Rules for subletting or assigning the lease.
Additional Terms: Other terms, e.g., pet policy.
Agreement Modifications: Rules for making changes.
Signatures: Spaces for all parties to sign and date.

Creating a Lease Agreement

Craft it yourself or use online templates. For a foolproof lease, consult a real estate lawyer to ensure legal adherence and protection.

Breaking a Lease

Landlords must have a valid reason. Ensure provisions are in the lease for potential changes. For month-to-month leases, give 30 days’ notice. Open communication and “cash for keys” agreements might also be strategies.

Tenant Screening Tools

Rentberry:

Free for landlords.
Offers background and credit checks.
Pros: Accessible on multiple platforms, 24/7 support, free tenant screening.
Cons: No free trial for paid features.

Rentme:

Free services for landlords.
Combines background and credit checks in one report.
Pros: Free for landlords, 24/7 support, wide pool of potential tenants.
Cons: Mainly web-based.

Both services simplify the landlord’s experience, offering comprehensive tenant information.

Keey: Your Ideal Rental Management Partner

Choose Keey for a streamlined rental management experience. Keey offers powerful tenant screening tools and manages your property with care, from listings to contract management. They prioritize creating attractive Airbnb listings, maintenance, and cleaning. Rely on Keey’s expertise for competitive pricing strategies and tailored services, regardless of your experience level as a landlord.

Preparing for Airbnb Guests: 5 Essential Steps

Posted on 26 September 2023 - 9:32 am

Preparing your Airbnb for guests goes beyond just clean sheets and a quick vacuum. Achieving success as a host requires meticulous attention to detail and ensuring your space is not only clean but also welcoming. Here are five crucial steps to take before your guests arrive:

1. Bins:

Cleaning and emptying the bins should be a top priority before your guests’ arrival. Don’t limit this to just the kitchen; check all bins, including those in the bathroom. Nobody wants to discover remnants from previous travelers in the bathroom bin. Be thorough in your cleaning, reaching under beds, between couch cushions, and behind doors. Don’t leave any area untouched. Mop tiled floors and vacuum carpets meticulously.

Tip: Consider providing separate bins for recycling and general waste, along with clear labeling. This not only encourages eco-friendly practices but also makes it easier for guests to dispose of their trash correctly.

2. Sheets and Towels:

If you plan to host guests frequently, it’s wise to maintain a substantial supply of sheets and towels to avoid last-minute shortages. Always keep clean sheets, towels, and essential amenities readily available in the cupboard. This ensures not only that you can provide fresh linens for new guests but also that they have access to additional towels or sheets during their stay. If you’re uncomfortable with this access, be prepared to deliver fresh linens upon request.

Tip: Invest in high-quality, durable linens that can withstand frequent washing. Guests appreciate the luxury of soft, fresh sheets and towels, and it reflects positively in their reviews.

3. Toilet Paper:

Few things are more inconvenient for guests than running out of toilet paper. Ensure you stock an ample supply within easy reach of the bathroom, preventing any awkward situations.

Tip: Store extra rolls of toilet paper in an easily accessible and visible location in the bathroom, so guests can quickly find them when needed. A decorative basket or wall-mounted holder can be a stylish solution.

4. The Kitchen:

While many hosts expect guests to clean up after themselves in the kitchen, it’s your responsibility to ensure they’ve done a thorough job. Cutlery, glasses, plates, pots, and pans should all be spotless and neatly stored. Replace used tea towels with fresh ones, check and refill salt and pepper shakers and other condiments, and clear out any leftover food from previous guests. Make sure the kitchen appears clean and organized.

Tip: Create a simple instruction manual for kitchen appliances like the oven, microwave, and dishwasher. This helps guests feel more at ease and minimizes the chances of any accidental damage due to improper use.

5. Valuables:

Safety should never be compromised. Lock up your valuables, whether by taking them out of the house or securing them in a safe. Remove items of value from areas accessible to guests, including jewelry, personal documents, credit cards, electronic devices, antiques, or collectibles.

Tip: Consider installing a secure lockbox or a small safe within the rental property. This offers guests a place to store their valuables during their stay, enhancing their peace of mind.

If you find yourself overwhelmed with Airbnb hosting responsibilities, consider enlisting the help of Keey. We specialize in managing short-term rentals across the UK. Our team can arrange for professional cleaning services to ensure your home is in top condition for your guests. For more ideas on preparing your home for guests, be sure to check out our other posts.

Hosting guests on Airbnb can be a rewarding experience, but attention to detail is key to earning positive reviews and ensuring a smooth guest experience.

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