5 Rental Tips Every Airbnb Host Should Hear

Renting out your home on Airbnb is a great way to earn extra money. But the earning potential carries extra risk. To navigate those risks, watch these 5 tips for Airbnb hosts.
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The first tip for being an Airbnb host? Decide why you want to do it in the first place. Are you seeking a stable source of income, or just trying to squeeze a few extra dollars out of your home while you’re away on vacation?
You might take a different approach depending on your answer to that question.
Operating a year-round Airbnb can be a stable income source, sure. But in that case, you need to approach it like running a business, which is essentially what you’d be doing. If you just want to rent out your home for the occasional weekend, you may be able to approach it more casually.
Tip 2: Use great photos. If you want to earn money from your rental, you need people to actually stay in it. Your photos should be high quality, showing a bright, tidy home. Some hosts even have a professional photographer take the photos for them.
Tip 3: Know the rules. It seems obvious, but you need to be sure you’re actually allowed to operate an Airbnb. If your rental is in a condo or townhouse complex, it may be prohibited by that organization’s bylaws. Before you end up with hefty fines, make sure your rental is permitted.
Tip 4: Screen your guests. When someone books a night in your rental, do a quick review of their Airbnb profile, including reviews about them from past hosts. You can also shoot them a quick message to get a better sense of who they are and what they’ve got planned. If you turn up any red flags, don’t hesitate to reject their reservation.
Tip 5: Get the right home insurance. Not every home insurance provider covers short-term rentals. Even if they do, you need to inform them of your plans. If you don’t, they could refuse to continue coverage. Airbnb offers a form of insurance to hosts, but it isn’t the same as home insurance; you need a home insurance policy to protect the building from fire, hail, and other natural disasters-plus liability coverage.
00:00 Intro
00:39 1. Why be a host?
01:14 2. Use great photos
02:06 3. Check with property managers
02:34 4. Review guests
03:09 5. Get insurance
#Airbnb #RentalTips #AirbnbHosts

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