I am James Graham AKA “Jim G.” and for the last 30+ years, I’ve been investing in real estate. I’ve been very successful at creating non-traditional real estate investing systems that have made millions which I and many other investors have enjoyed. I’ve helped Investors, entrepreneurs, small business owners and ordinary, everyday people all over the world find success by helping them.
While Airbnb has been a lucrative way of securing further income for several hosts, some hosts are taking it up a notch and are using their homes to get a significant income. While this is often bad news for hotels it’s great news for those with the skills to take advantage of their quality properties in excellent locations. More and more hosts are looking to become ‘professional’ hosts and utilizing the potential Airbnb offers as a solid investment vehicle.
Here are our recommendations on how to start an Airbnb business, what to take a position in, attract guests, and make the foremost of the technology to automate and delegate the most tasks when being a knowledgeable Airbnb host.
How to start?
Firstly, you’ll have already got a fine property to hire out on Airbnb, or, you’ll be looking to shop for a replacement apartment for this sole purpose. Either way, you would like to form sure you’ve got certain elements covered. is that the location right? A hot district, central, or an upcoming area? What unique features does the property have? A sunlit terrace or lush garden? Victorian details and old fireplaces? Fresh fittings within the bathrooms and a state-of-the-art kitchen?
The key areas to specialize in are, location (e.g. the proximity to conveyance and attractions, an in-demand part of town, or on the brink of certain transportation hubs), functionality (e.g. unique features, unique amenities like swimming bath access, on-site gym, etc.) and character (properties with charm simply attract more visitors!).
Not unimportantly, it pays to try to do some marketing research, too. Are there many Airbnb properties listed within the area? If a neighborhood is already covered with listings, it’s worth checking out a less covered place. Or ask yourself, does your property have what it takes to face out from the opposite Airbnb properties within the area?
As the saying goes, it costs money to form money, which holds for becoming a knowledgeable Airbnb host also. You don’t need to completely refurbish your apartment to draw in guests, but it pays off to take a position during a few ‘wow’ factors and smart amenities that’ll secure a positive guest review.
Make sure you invest within the durable versions of the foremost basic amenities a property should have, and keep your audience in mind. If it’s a family rental it must have space for youngsters to play (e.g. some board games), a reliable washer, and a well-stocked kitchen.
For couples, some fancy toiletries and linens and native recommendations will go down a treat. Business people will want speedy internet access and quiet areas to urge their heads down, plus an honest local laundry service.
Attracting your guests
To attract guests on an ongoing basis, you would like to optimize your Airbnb listing. First impressions do count, so confirm your photography represents your home from its best side. Make use of the free photography service Airbnb offers, or take a glance at these Airbnb photography tips.
Then, a catchy title and captivating description will go an extended way. Specialize in selling your property’s most original features and confirm you let a touch personality shine through in your writing to face out from the gang.
If you’re not much of a writer, consider asking a word-savvy friend or freelancer to write down it for you. Either way, don’t forget to require a glance at our recommendations on the way to writing an awesome Airbnb listing description.
To keep the guests coming, marketing is important for each sort of business, so always have the wheel in motion: from editing your listing and doing a touch of content marketing with copy and pictures, to engaging reviewers and seeding your content on social media so others can see your handsome apartment altogether its glory. Beat the Airbnb search algorithm by promoting your listing on social media, too.
Automate and delegate
As with all means of income, work must be done. Between checking in guests and cleaning up after each stay, guest inquiries got to be handled and nightly rates got to be adjusted consistent with market trends and events. Many people want to make money on Airbnb without owning property. Luckily, there is a good range of services which will assist you with this.
Consider smart lockboxes to ease the check-in process, or hiring a part-time maid to wash up and do laundry after a guest checks out.
If you would like to save lots of time and worries, giving the day-to-day management of your Airbnb completely out of hand might be an option. We offer full Airbnb management services to savvy hosts and look out for everything from checking in guests, answering emails, and cleaning up after each stay.
ABOUT THE AUTHOR: I am Tiffany Simms an experienced wholesale coach who loves to help others and guides them to earn with or without property.