Airbnb Hacks for Hosts
Airbnb and other short term rental sites allow you to list your home or space for rent for short periods of time. This can bring in an additional source of income for you even if it’s just for a few nights here and there. There are many ways you can boost your income from Airbnb. In this post, we’ll explain a few ways you can hack your Airbnb listing to get more income.
Be the best host ever
Positive reviews are the best way to increase your rental price for your short term rental. Glowing five star reviews will make your guests happy to pay a few extra bucks for the sense of security knowing they will have a good experience. Go above and beyond for your guests and be sure to ask them for a review upon departure from your space.
Include Water Bottles or Treats Upon Arrival
One way to become the best host is to provide your guests with water bottles or treats when they arrive. This is a cheap way to build a great rapport among renters.
Be clear in your rental description
Nothing will hurt you worse than a negative review on Airbnb. You need to make sure that you not only meet your guests expectations but exceed them. One way to do this is by making it very clear on what your guest will be getting. Are they renting the whole house, or just a single room? Make it known so that they aren’t in for a big surprise when they arrive.
You should also mention check in and check out times and any other necessary information like cleaning fees or if someone else will be living in the space at the same time.
Offer extended checkouts
If you plan to rent out your space until 10am on the last day, you could sweeten the deal for your guests by extending the stay for an hour later. The night before their departure, you could send them a message explain that you’re extended their stay for an additional hour until 11am (if they’d like!). This should grant you some good grace with your guests and it makes leaving a review that much more likely.
When traveling it is easy to forget some of the basics, specifically toiletries. Shampoo, toothpaste, or body wash are all easily forgotten yet necessary. Surprise your guests with complementary toiletries to make their stay better and relieve some of their stress.
Keep an eye on the competition
Are their similar spaces in your area priced much cheaper than yours? That could be why your email isn’t blowing up bookings. Take a look at your competition and specifically what they offer. Then update your listing if there are things that you offer that they don’t. You can justify your price by making your space seem better.
If your competition offers less expensive options, you should consider wither lowering the price of your space or adding more value. Take a look at their fees and see if you can offer less expensive cleaning fees, offsetting the overall price.
Make your guests mornings sweeter with coffee or tea
Consider offering your guests with items like coffee or tea in the mornings. You could provide a Keurig machine in the space with several K cups, mugs, cream, and sugar provided.
Offer an additional night for cheaper
On your guests last day, offer them an additional night extension for a cheaper price than your normal rate (assuming your space is not booked for the next day). This can help boost your income at no additional cost for you.
Take professional photos
If you’re planning on renting your space for an extended period of time, consider getting a professional photographer to take pictures for you. You’ll be surprised to find out how much more you can rent your space for if you have quality photos.
Respond to all reviews
Responding to both positive and negative reviews allows potential guests to see what kind of host you are. On negative reviews respond by apologizing for their experience and then detail what steps you have taken to ensure that it doesn’t happen for another guest. You should also thank them for their stay and offer any additional help.
For positive reviews, thank them for their stay and ask them for their favorite part of their experience. If you find a common answer, use this information in your rental description.
Check Local Laws & Taxes
Some areas have been cracking down on the short term rental market. Ensure that you are allowed by law to list your space for rent before listing it!
Unfortunately Uncle Sam doesn’t take a day off when it comes to short term rental income. That income will be taxed at your normal tax rate, so be sure to consider it when tax season comes around.
Renting your space on Airbnb can provide an additional source of income for you and your family and by using these hacks, you can boost your income even further. By ensuring your guests always feel special, you can multiply your positive reviews and make future guests more likely to stay with you over the competition. Always respond to reviews to shine a positive light on their experiences and keep guests coming back for more
What are your favorite Airbnb or short term rental hacks? Comment below!