How to Set Up a Property for Airbnb
Setting up a property for Airbnb is a fantastic way to make a bit of extra money, and you can rent out your property as many or as few times as you like. Some people put their own homes up as Airbnb properties, renting out a single room throughout the year or only letting people stay while they’re on vacation.
Or, if you have a vacation property somewhere, you can earn a steady income by renting it as accommodation for tourists and people who want short-stay rentals. So, here are a few tips to help you set up your property.
Decorating Your Property
If you’re renting out a room in your house, you only really need to think about decorating that room. You don’t have to pull out all the stops, but it’s nice to make sure the room is nicely decorated and has access to a bathroom.
When renting out a whole property, the most important thing is that everything is in good repair. Neutral decor is best for getting more guests, but location is probably the most important thing. Make sure that the house is comfortable and has everything your guests will need.
If you’re advertising it as pet friendly, you also need to consider the outdoor space. Ensure that the garden is secure and safe for dogs.
Insuring Your Property
The good news is that Airbnb offers insurance for your property and your guests. This is because guests might break things and cause issues, so the insurance will help cover any unexpected costs.
However, normal wear and tear costs aren’t covered. These come under the expected costs of renting out a property, so you do need to clean between guests and make sure that the place is well maintained. The amount you earn even from a single room should cover these costs comfortably.
If you’re renting out a house in a residential area, be aware that some guests might not be respectful to your neighbors. Make sure you screen potential guests before they stay so you can avoid problems and ask them to be quiet at certain times.
Renting Out Multiple Properties
Airbnb does make it fairly simple for hosts to rent their properties to people, but what if you have multiple properties that you can rent? This is a fantastic way to make some passive income, but it can get a bit complicated when you have to deal with a lot of tenants at several different places.
One way to make things easier and to make sure that your properties are above-board is to hire an Airbnb property manager. As the job title suggests, this means that a professional can manage your properties, allowing you to focus on other things. This includes maintaining and cleaning your properties, while also managing when people rent them out.
When you own several Airbnb properties, this is a brilliant way to make more passive income without added unnecessary stress to your life.
