If you have a cute home and like to travel, there is no reason why you shouldn’t consider making a little extra income as an Airbnb host. There are a few things you may wish to consider before getting started.
The quickest way to lose your guests is to get poor reviews on cleanliness. Guests won’t want to return and can quickly prevent you from getting new guests by leaving poor reviews. Even worse, they can back it up with online photos. Make sure your home is as cute as you can present it as well as clean at all levels to avoid any of these problems. With the right management, you will have positive reviews and pictures showcasing what a wonderful Airbnb you have.
Selecting the right words when you advertise your home can help you get more traffic from the outset. Doing this with some fundamental knowledge of your market, search engine terms, and how it all ties together can be the perfect way to get more traffic to your listing. This, in turn, gets you more guests over time.
There are many ways to help your home stand out to your guests. Some Airbnb hosts choose to leave friendly notes around the house. These can include suggestions on excellent breakfast cafes, great parks, or the best time to avoid the crowd at the grocery store. Other hosts leave a box of breakfast coffee or chocolates with a simple thank you. Any of these are a nice way to let your guests know you appreciate their stay and would like them to have a good time while they are there.
Even if you are working with an accountant, you will need to have a fundamental understanding of your legal and tax responsibilities with an Airbnb. You need to research quality insurance and understand how and when you need coverage. This can be as simple as having guests sign off on things to more complicated systems. With a little research, you can find the right policy for your needs.
You will also need to consider tax implications. There will be income for you to claim, but there will also be expenses that go with that. Your accountant can guide you in the right direction here. Finally, you will want a fundamental understanding of landlord and building regulations. This area will be crossed when you have guests, and you want to maintain legal ground by doing things correctly. A good attorney can guide you for your state regulations.