Do you have a room or a livable space in your apartment? Read on to find out legitimate ways to double, triple or quadruple your income. Follow these simple tips for renting a room on Airbnb.
Looking to book accommodation on Airbnb? Click here.
If you’re one of the entrepreneurs, moms, college students or even a working employee who is looking for an easy, recurring money, this may be an option for you!
By following these nice and easy steps, you’ll have your room set up to become a money-making machine.
Here are the tips for renting a room on Airbnb
1. Make sure your Airbnb profile is complete
Opening an account on Airbnb is not enough. You need to make sure your profile is never, ever Incomplete.
When a guest books a room, they first look for possible connection that they could make with you. Want to spark instant connection? Put your photo with your wife/husband, kids or pets. It makes you come across as warm, friendly and human.
Also, when you add a phone number, address or ID proof, you build credibility.
Airbnb makes you a verified guest. Photo plus verification is a solid start and a top dollar tips for renting a room on Airbnb.
2. Clean and tidy up your apartment till it sparkles
Before inviting guests to your room, you’ll have to make sure the place is amicable. You don’t want to miss a chance of getting a 5* rating that’ll instantly shoot your revenue through the roof. Additionally, you can use the free photography service that Airbnb offers to capture the essence of your room.
CAVEAT: Recently Airbnb removed the free photography service in the countries where the adoption rate of the service was quite higher. Check it here if it is available in your area.
It is necessary that you pick photos that have a personal touch to it. A guest doesn't want a plush 5* hotel, but trust me neither do they want a sleep in a place that feels like an invasion.
Don’t leave socks, undergarments or highly private items in the room because you don’t want to offend the guest, and make them uncomfortable.
What to do when selecting a room for listing?
Do I put multiple rooms or just one?
When you choose between rooms, it is best to list the one that is most convenient to live. What this means is, you choose the room that has a personal bathroom over the one that has shared. You are trying to build your brand on the platform first!
Similarly, a room that is hospitable, warm and cosy should be your best bet. Offering toiletries, basic kitchen condiments, ironing board and shoe racks will make the guest feel at home, not a hotel.
Want to win a thousand battles?
Get your landlord’s approval before you start making the dough. A stitch in time saves nine.
Have a causal one-to-one chat with your landlord, tell them how you’re putting safety first and inform them about the Airbnb host guarantee. Make them feel involved and build trust. Approval is easy to get when you don’t leave your manners on the doorstep.
3. Know the law like ABC
By far, one of the most underestimated, under-considered aspects of renting on Airbnb. This is not only one of the tips for renting a room on Airbnb but also a mandatory protocol.
Not that I want to scare you, but the penalty for unknowingly breaking the law is huge. In one case a lady in New York was fined $1000 for breaching the law.
She rented an apartment for less than 30 days when it was prohibited by law.
Although the law was rewritten to accommodate hosting, the lady had to bear the brunt end of the stick. If you’re in Germany, Italy or Spain, perhaps Australia or anywhere around the world, you’re better off consulting a lawyer before you rent an apartment on Airbnb.
This is more than just tips for renting a room on Airbnb, it is a prerequisite. At the end, law triumphs even if you’ve done the forbidden with a good intent.
Like it is said the end cannot justify the means. Here is a story of a lady who saved victims of hurricane Sandy and yet had to face $4000 in fine because she breached the lease agreement.
4. Price High and Price right
Before you set any price, it is best to study your competitors!
Compare prices from hotels or accommodation in nearby areas. It is always better to stick to the price range of the area or slightly lower if possible. By offering a personalized living experience at a similar price, you’re bound to make more sales.
On the other hand, you can raise the price higher than market standard. You can add value to the accommodation. For instance, if your apartment is situated near a beach, you can include surf-boards, snorkels or swimming goggles to make your offer highly demanded. Conversely, higher prices will attract more sales. A traveller looks for a variety of experiences and if you spark their travel instinct, then rental revenue will explode.
5. Screen-check the guest
Like a guest scans through your review on the platform, you should be equally diligent with your homework on the guest. If you’ve a guest with a repertoire of 5* ratings, you can let them in without a doubt. A more sure-fire way to gauge the guest is by having a verbal conversation before the reservation.
There are instances of sex parties, thrashing of properties or house theft by belligerent host or someone with a dubious profile on Airbnb.
It is best you reject such a guest because it benefits you in the long run.
Get ready to make that dough!
While renting a room on Airbnb is extremely fulfilling and rewarding, you should always keep these tips for renting a room on Airbnb, in your mind. Inviting every guest is inviting trouble, you should separate the wheat from the chaff.