If you are looking for ways to make extra money, there are a lot of options out there. However, very few are as great as becoming an Airbnb host. If you have a lot of extra space (an entire house or guest house) or just a single room, Airbnb hosting can be a great option! This comprehensive guide and resources will help you understand everything you need to know. In fact, once you get started, you’ll feel good from the time you eat breakfast to the time to lay your head in bed. Get it? Bed and breakfast… Because you will know everything you need in order to start making extra money in the ease of your own home.
Why Should You Become an Airbnb Host?
Everyone has their own reason for choosing to become an Airbnb host. Need extra money? Have lots of extra space? Going on vacation? Or maybe, do you just like hosting? Whatever your personal reason, there are a lot of great aspects to hosting that can make this a viable option. We’ve created a list of many of the benefits to hosting with Airbnb. Check them out, and you’ll understand why we think being an Airbnb host is such a great option!
Host on Your Schedule
Choose to host only when you want! There are no requirements that force you to have specific open dates. Host for a few nights, a week, a month…you choose! Additionally, Airbnb makes it easy to block off dates when you’re not available. Plus, you can choose to set rules about availability. For example, you have a minimum or maximum nights a guest can stay. You can even select how far in the future guests can book or require advance notice before a client can book. Customize everything to your liking!
Choose How Much You Charge
You are in complete control of how much you charge your customers. However, if you need help, Airbnb has pricing tools to help Airbnb hosts decide. You can even do cool things like add cleaning fees, offer discounts for those who book a week at a time, and change prices depending on the time of the year (such as popular times). Additional options people commonly use include late check-in fees and pet fees. Just make sure all of these fees are clear on your booking.
Make sure you also take into account that once you start booking, Airbnb charges a service fee for hosts. This is usually 3%. This goes toward covering the cost of running the business.
Everybody has their own boundaries. As an Airbnb host, you are in control of everything. We already mentioned schedule control, but you also have the ability to set house rules that clients must agree to before reserving the space. This ensures that you feel fully comfortable with having guests in your home!
Meet New People
One of the often overlooked benefits of being an Airbnb host, is that you have the opportunity to host guests from all over the world! How many people can say they’ve met people from Tanzania, Mongolia, France, Spain, New York, and Argentina all in the same year? It’s an amazing opportunity to meet new people and experience new cultures and personalities all from the comfort of home. Although, if you don’t want much interaction with clients, that’s okay too.
Is Airbnb Hosting Safe?
So, you get to make money. That’s great! However, one of your primary concerns is probably safety. Airbnb takes a lot of precautions to make sure every facet is covered.
Airbnb Host Guarantee
Airbnb provides protection to you as an Airbnb host–for up to 1 million US dollars in damages for every booking–guaranteed! This is a great perk. But this doesn’t mean you can leave all your valuables out. According to the Airbnb website, “the Host Guarantee program doesn’t cover cash and securities, collectibles, rare artwork, jewelry, pets or personal liability.” Nor does it cover, “loss or damage to property due to wear and tear.” So make sure you secure or remove these valuable when renting out your property. Learn more about the Host Guarantee here.
Host Protection Insurance
Airbnb also covers liability claims up to 1 million US dollars as well! Aren’t they amazing! According to their website, host protection insurance is for, “the unlikely event that someone files a lawsuit or claim against you for bodily injury or property damage that occurs in a listing, or on your property, during a stay.” Note, this doesn’t cover anything. So, check out Airbnb’s
Host Protection Insurance Policy here. After reading it, you will want to be an Airbnb host for sure!
Fair Two-Way Reviews
Some people give bad reviews because of little things. Or maybe you have a terrible guest. You don’t want someone else to suffer from the same guest. In order to build trust between guests and you as an Airbnb host, both parties review each other. This means your client will review you and you will review them once each reservation is complete. As a result, hosts can check guest reviews and vice versa.
Set Booking Requirements for Safety
If you are still worried, you can require that each guest provide a form of identification to Airbnb before booking with you. Additionally, each Airbnb reservation is scored for risk and they cancel bookings that appear suspicious.
Who Can Become an Airbnb Host?
So, you are ready to become an Airbnb host. But, do you meet the requirements? There are not very many requirements, but we’ve broken all the information you need to know to determine if this is a good choice for you. Check out the four basic host requirements below.
This one is straight forward as you can get. If you want to rent a space, have space. That’s a no brainer. Remember, you are more likely to get booked if it’s in good condition, looks comfortable, etc.
Make Sure the Space Is Safe
As an Airbnb host, you want to make sure you keep your guests safe. Provide emergency info, a first aid kit, mark potential hazards (ie. weird steps, ) and post a fire escape route. Additionally, make it child-friendly or clearly communicate hazards/mark that the house is not child-friendly in the listing. Note on fire measures–”Ensure you have a functioning smoke alarm and carbon monoxide detector, and that your property meets government safety guidelines for your area (e.g., International Building Code). Ensure you provide a functioning fire extinguisher and complete required maintenance.” For more information on safety, go here.
Keep It Clean
No one wants to come to a dirty house. So make sure you clean everything prior to each new guest’s arrival.
Be Aware of Taxes
Make sure you remember to pay taxes on the money you make from hosting.
Comply to Regulations
For information on regulations, Airbnb provides details here.
If a guest sends you a message with a question or request, Airbnb asks that you respond within 24 hours.
How Do You Become an Airbnb Host?
Ready to become an Airbnb host? Check out the steps below to see what’s involved. As you will see, it’s super easy! Choose to become an Airbnb host today.
Account Set Up–
Step 1: Provide Basic Details
Provide the name of the city, type of property available (full house, private room, or shared room). They will give you an estimate for value per month (if you rented all days of the month). Once you are finished adding information, click “get started.”
Step 2: Select Sign Up/Sign in Method
Next, you will have three options for sign up–Facebook, email, and Google–and one button for log-in. Choose your method and create your account. The information will be self explanatory.
Step 3: Accept Terms
In step 3, they will have an Airbnb Community Commitment and an Airbnb terms of service. Once you have read these terms, accept (or decline, but then you probably wouldn’t be reading this blog) and you’ll be on your to becoming an Airbnb host!
Step 4: Press “Next-3 Steps Left”
Step 5: Add A Profile Photo
Make sure it’s good. If you look kind, clean, and welcoming, clients will be more likely to trust your post enough to book.
Step 6: Confirm Your Phone Number
First, type your phone number. Next, they will send you a 4-digit code. Finally, type the code you received into the box provided.
Step 7: Sync Contacts
This can be a really helpful tool! We suggest you do it.
Step 8: Finish Account Set Up
Congratulations! You finished the account set up phase. You’re almost an Airbnb host! Next, you will start making your listing. If you did everything correctly, you should get the image below.
List Your Space–
Step 1: Start with the Basics
- Explain the type of place you are listing. Use the drop-down arrows to determine your Airbnb host space type.
- Add details on accommodations (number of guests).
- List the number of available bathrooms.
- Provide location details.
- In order to ensure your guest can find the location, move the pin as needed (this will make sense when you see the screen).
- Give details on amenities. For example, will there be wifi, tv, air conditioning, a fireplace, and various safety measures? The list goes on and on. The more you provide, the better your place will look!
- Explain what living spaces your clients will have access to.
Step 2: Set the Scene
In this phase of the listing process, you will first provide photos of the space. Make sure the pictures look nice! You may choose to get this professionally done. Next, provide a short description of the space, your availability, the neighborhood, and tips on getting around the city. Finally, name your place. Make it interesting!
Step 3: Get Ready For Guests
First, pick your booking settings. Then, select your booking availability on the calendar. Finally, set pricing.
Congrats, you finished the listing process for becoming an Airbnb host. Once you get a booking, get your space ready for guests! The Airbnb website will help you through any extra steps. Aren’t you excited to become an Airbnb host! If you decide not to become an Airbnb host but want to be a guest in an Airbnb home yourself, check out our promo code link here.