Platforms such as Airbnb are allowing people to collect a significant chunk of change instead of collecting dust in their unused rooms. There are a few steps that need to be taken before cashing in though. Your home is now generating revenue for providing a service, and like all businesses, there are precautions you need to take. We’ve put together a list of things all hosts need to consider before filling their home using Airbnb.
- Is My Home Eligible?
This is something you’re going to have to consider unless you own your own home. Condominiums, apartments, and Co-Ops have policies that you are going to need to abide by. This should be the first question you ask yourself.
- How Much Time Can I Dedicate to Hosting?
If you’re going to do something, do it right. Unless you have between 10-15 hours per week to dedicate to responding to guest inquiries, optimizing your profile, and keeping up with market trends you should consider hiring a company such as NestFiller to handle the heavy lifting.
- Which Possessions Should I Store?
Your home is your sanctuary, your nest. Take an inventory of the belongings in your home and make arrangements to store anything of value. From personal documents such as passports to priceless items such as family photo albums, keep them in off-site storage. NestFiller ensures all of our hosts safeguard their valuables and helps you with the process of packing and storing your possessions.
- Have I Outlined What’s Included?
It’s crucial to be transparent with your guests, be open and honest from their first inquiry. Let guests know what amenities are included, they’ll expect an iron and hairdryer, you must clearly outline in your profile what guests will have access to and what they should bring.
- What Sort of People Do I Want to Host?
Think about what sort of guests would make for the best experience. Some hosts prefer business or older travelers. These preferences should be thought through and will help you fill your nest with the best.
- Am I Able to Provide Guest Support?
Undoubtedly guests need support, more often than we’d like to think. Are you ready to help them when the key sticks at midnight or they accidentally set off the smoke detector?
- Do I Have Time to Optimize Pricing?
Earning money on Airbnb is an art. You need to understand the market in order to set pricing according to demand and market inventory. Are you up to the challenge? Investing in a manger such as NestFiller to handle this piece will make you more profitable.
- Is My Home Ready for Guests?
We always try to put our best foot forward when inviting guests into our home. Make sure to have extra light bulbs on hand, a first-aid kit, and clean linens. NestFiller recommends investing in a spare set of sheets, extra towels, and some small toiletries to have for your guest.
- Do I Have Professional-Quality Photos?
The right photos will make your space stand out, highlight what’s special, and set guest’s expectations. Take photos that represent what your guests will find when they arrive. Clear any clutter, set out a few flower arrangements, and dust, it’ll make the space appear more inviting and spacious.
- Do I Have Guest Resources?
Think about what you want when you’re visiting a new city. Provide guests with things that will make their visit easier such as subway maps, lists of local restaurants, train cards, and a list of good areas for shopping. You also need to provide practical information such as your number in case of questions, wifi passwords, and instructions to use the television.