The Ultimate Guide to Earning Extra Money with Airbnb

Listing your home on Airbnb can be a good way to earn some extra money on the side of your regular job. Here are some helpful tips to help you be successful as an Airbnb host.Airbnb has brought forth a whole new way of vacationing. While you used to be limited to the few or sometimes too expensive hotels located around your destination, you now have the option of staying just about anywhere.

If you’re unfamiliar with Airbnb, the company provides travelers with unique accommodation options by giving locals a platform through which to offer up their own homes and rooms. By choosing to book through Airbnb you can find a wide variety of single rooms to apartments and even full homes available to fit all your traveling needs.

All that being said, if you’ve ever used Airbnb or investigated into it further, it may have got you thinking about listing your own place on the site.

While the process itself might seem simple, if you truly wish to earn extra money through Airbnb, there are some guidelines and tips to be aware of.

Before officially offering up your space, take a look at this guide to learn how to really use Airbnb to your financial advantage.

1. Do All Your Homework

Before officially opting to list your space, make sure you look into all the guidelines, qualifications, and rules within your city. Be sure to view the legal context regarding home sharing within your state to ensure you follow all laws and regulations.

Moreover, if you list your home or apartment, be sure to check with your landlord before you publish your listing.

Apart from the legal aspects, however, carefully consider your location and time commitment before signing up to host.

While most cities have Airbnb listings, the popular destinations and bigger cities tend provide you with the most income. So, if you’re truly hoping to earn extra money, be aware of your destination and decide whether or not you’ll have enough traffic to make it worth it.

Furthermore, hosting with Airbnb does require some of your time. Be sure you can carve out a couple hours a week to communicate with potential guests and keep your listing up to date.

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2. It’s All in the Listing

Doing well as a host on Airbnb requires that you put some effort into your listing.

First and foremost, be honest when describing your home, amenities, and its location. Fudging the truth about any of these things is bound to get you a less than stellar review.

Apart from the details, photos are your next greatest asset. Be sure to make your home look nice and clean, be aware of the lighting, and consider adding some homey touches, like a roaring fireplace or an open book and glass of wine near the lounge.

While it might not seem important, guests more often than not select a listing based on appearance. The phrase might be “don’t judge a book by its cover,” but when it comes to their stay, that’s exactly what guests do.

Once the details and photos are ready to go, deciding on your price is your last step. Although you no doubt want to earn your home’s full potential price, it’s important to list your home at one that’s comparable or lower to the listings around you.

Do your research and make sure you’re aware of the listings that do well around you, so you know where to set your price. It might also be worth it to start out at a lower price until you’ve had multiple guests and reviews. Then raise it accordingly, as guests are likely to pay more for a well-rated listing.

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3. Communicate Effectively and Considerately

Great customer service always stands out, and when you become an Airbnb host, great customer service should be at the top of your list.

Always be polite and kind to potential guests and be sure to communicate with them well, especially in the event that anything changes with the reservation or should you have to cancel.

It’s also a great idea to get more information about your guests and their reason for visiting, and help answer any questions they might have.

Moreover, offer up any advice or tips about the city. Most guests appreciate tips from a local and will no doubt appreciate your extra care and time.

4. Be Well-Stocked

While this in no way requires that you provide food for your guests, keeping a well stocked home with the essentials is key to being a great host.

Keep items like toilet paper, kleenex, soap, and possibly even laundry supplies, as well as key kitchen items, such as spices and maybe even coffee and tea, available for your guests to use. It might not seem like a big deal, but most guests will be glad they don’t have to add them to their shopping lists.

Another way to stand out as a host is to keep entertainment supplies on hand. Some ideas are card games, puzzles, books, and even movies. You by no means have to have an entire library or video store, but guests will appreciate the extra touch and love having ways to kill some down time or relax.

5. Stand Out

It’s often the little touches and extras that make a home stand out. This is why, as a host, it can truly boost your rating if you add that little extra.

Think up an idea or way to make your listing stand out from the rest. Whether that’s providing a local’s guide to your city, authored by you, a nice welcome note, or even some welcome presents tailored to your guests. You don’t have to go overboard, but you’d be surprised just how much the small details stick out.

Listing your home with Airbnb can be a great way to earn extra income in your spare time. That being said, being a terrific host will be what sets you apart. It’ll also put you on your way to earning extra income.

In order to do so, however, you’ll have to do more than simply list your home. If you’re truly hoping to turn your Airbnb listing into a well-performing side gig, follow this guide. Then, you’ll join the thousands in your city that are already earning extra income through their listings!

Have you ever thought about becoming an Airbnb host?