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We always search for a good room when we go out for a holiday or a work related trip and pay for a stay.
You may have seen people just become an Airbnb host and start renting their room for money.
People are now prefer to stay in a house room rather than booking a hotel room. This creates an opportunity for the one who wants to make money through Airbnb hosting.
The reason why Airbnb is getting popularity is because they are giving many options to the visitors to choose the room as per their budget and amenities they want.
Ways to Become Airbnb Host:
- Host your room
- Host landlord’s property.
- Become a co-host for other’s Airbnb hosting rooms.
Can You Become an Airbnb Host?
Yes, you can. Having an extra room can give you an extra income source when you become Airbnb host. Make sure that you provide basic amenities like bed and bathroom.If you are not the owner of the room, then you must make the landlord aware you are applying for Airbnb host.
Airbnb is very simple platform who allow people to list their room and have a regular earning. You can easily list your room on Airbnb and start receiving bookings as per your room availability.
If you do a job or you are a businessman, then you can appoint a part time manager or give a responsibility to anyone of your family member who can manage your renting business.
How to Sign Up For Airbnb Host?
Airbnb has kept sign-up process for free. There are some sort of basic questions that Airbnb will ask you during sign-up process to understand better about the room that you are applying for hosting.
Listing a Room: You will be required to mention whether you are listing house, apartment or a hotel room and what are the facilities/amenities that you are going to provide like soap, water, WiFi, T.V, Shampoo, parking, laundry etc.
Here you need to be honest about what amenities that you are going to provide to your guests.
Upload Pictures: Let’s talk about what pictures to upload. You will need to be a little professional when it comes to room pictures. Taking a simple picture from your cell phone may not work.
If your cell phone camera takes good quality pictures still you need to learn how to take pictures of your room for renting.
You can Google it on the internet, do some research on how to take room pictures. See some picture and get ideas. Or else, hire a professional photographer. Airbnb can help you with photographer available in your area.
Summary/Description: You will be asked to provide small description about your room. Make it small and clear. Don’t give false promises as it is not allowed with Airbnb Host.
Set Up Calendar: Before setting up the calendar make sure that the room is available with the facilities that you have agreed to provide.
If you want to rent a room for a certain days or hours, then you can mention it in the calendar. Airbnb host will show your room whose matches your room availability.
Set Price: This is little tricky. You should keep in your mind that room renting business has competition. So, do some research on the internet and check what others are charging for same type of room.
The price will not be the same every month because of season, events etc.
You can keep the price default and let Airbnb host to set the price on your behalf.
If you have a time, then it’s better if you set the competitive price by yourself to increase the number of booking.
Payment Method: You will receive a payment directly from Airbnb. They allow you to get payment via direct deposit or Paypal. There are some other type payment method that Airbnb host will inform you during sign up process.
Earning From Airbnb Host
Earning from Airbnb host is depend upon many factors like location, room size, bed size, hotel or apartment, season, events etc.
Honestly speaking, I cannot commit anything due to many factors that influence the room booking price, but I am sure to say that Airbnb is a very good platform for renting rooms.
This is because nowadays people are using Airbnb as they are finding it more comfortable especially with the price they are looking for.
When you become Airbnb host, they will charge you 3% per booking which is the lowest fees in the industry. But Sign up process is completely free.
How to Communicate With Guests?
It’s always a fun to have a communication with your guests. I usually have a good talk with the room owner to make them comfortable.
The thing that I always like is a welcoming face with the smile and a short talk about amenities.
I do give a tip if I impressed with the services.
I usually go with my friends for outing and there are times when we did not like the room, but communication with the room manager make us feel good that creates an impression on us to book the same room if we visit again.
What Precautions You Must Take?
Taking precautions is must when you do a business in any field. There are certain precautions that you must take when you rent your house.
You should not keep your expensive items like jewellery, cell phone, watch etc. This is something very common precautions we take in our day to day life.Check the identity of your guests before they check-in and be cautious if you see infamous person. There are many host who did not find any problem and they are still happily running a renting business becoming an Airbnb host.
Let them know that you(Owner) are active and if any wrong things happen, you will be aware in no time.
Do You Need to Prepare a Food For Guests?
No, it’s not compulsory to provide a food facilities for your guest. Do not mention in the amenities about food facility if you don’t have.
Providing a food facilities can get you some extra income from Airbnb hosting. This will also add value to your listing on Airbnb host.The other idea is, you can get a food for your guest from nearest restaurant and have a cut on bill. Contact restaurant and have a commission based contract.
Most of the restaurant provide their menu card to keep in the host room. They also provides free home door delivery, but try to make a connection with the closest restaurant to your room. May be next to your house door or a few seconds walkable distance.
Make sure that the restaurant’s food price is normal otherwise it will create a bad impression on Guests. Mostly, people do not like to pay extra money on food.
Give Your Host a Freebie
A good memory always remembered, especially if you go out for a holiday. Some goodies for your guest can make them feel special and this can help you to get good reviews on Airbnb.
You can give them a welcome juice or coffee/tea or snacks or a chocolates for free. Though it’s not compulsory, but if you see from business point of view, a happy customer may help you to bring more business.
- Don’t cancel the booking from yourself and give the room for cash to save 3% Airbnb charges and government taxes.
- Upload true pictures.
- Do not make false promises.
- Don’t be rude with guests.
- Give clear address, pick guests call if they find difficulty in reaching booked house. Guest may give you a bad review if you give them a worst experience and eventually it will affect your business.
How Your Property Is Protected By Airbnb?Airbnb cares your property and keeping this in mind, they have implemented a property damage protection policy that covers up to $1,000,000 USD for free for every booking.
Airbnb also provides host protection insurance that covers liability claim up to $1,000,000 USD. This cover is for unexpected things happen like injury to guest.
Challenges With Airbnb Host
You may find various challenges when you become an Airbnb host, thought many people do not find it, but still I want make sure that you aware and be prepared.
- You may find guests that may be in a bad mood. They may not speak properly when you welcome. This is something that happen very rarely.
- Your neighbour may not be happy with your hosting due to many reasons such as disturbance, seeing new faces that may make them feel cautious.
- Your landlord may not allow you to host with Airbnb as landlord may not want strangers to stay in his/her house.
- You may be called by guest for many times when they find problems like WiFi not working, Heater issues, water problem, electricity etc.
- Guest may through rubbish on the floor that make your floor dirty.
- Guest may get drunk and do abnormal activities
To become an Airbnb host is recommendable especially for the one who want to rent their house/apartment room for few days/hours.
Many people prefers to use Airbnb rooms over hotels rooms because, they do not want to pay extra for unnecessary amenities.
From earning prospective, I find airbnb is little cheap and this maybe the reason why people first check Airbnb prices to get budget room. This helps Airbnb host to get more bookings that leads to more business.
Founder of twomillionways.com
MBA – London
I am here to share my ideas and experience on how to make real money.