Mike and Jennifer Rigley (buyers) 916.378.4671 / (sellers) 916-660-5823 Info@RigleyRG.com
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Airbnb has become an attractive way for homeowners to make income from their property. Although Airbnb's is known for its reputable insurance policy, there are a few things you should consider before listing your Elk Grove home online.
Time Commitment
People have a tendency to think more about what they can gain from hosting on Airbnb than what hosting will do to their life. Having a steady stream of guests is quite a time-consuming endeavor; you'll have to respond to inquiries online, clean your guest's space and do laundry after every booking, and make sure your Elk Grove home is constantly neat and tidy.
This may seem like a small to-do list, but if you have a new guest every 3-4 days that could add up to 10 extra loads of laundry per month. Yikes!
As a host, you will also need to be present to check guests in and out of your home, which means you'll need to book time off from your other commitments to properly welcome your guests and fulfill your hosting requirements. Hosting on Airbnb is just like having a real B&B, it is a business and requires time as such.
Risky Business
Needless to say, allowing strangers to stay in your Elk Grove home comes with inherent risk. Although Airbnb has insurance to protect its hosts and their homes, hosts are still vulnerable to theft or property damage. This can be especially devastating if sentimental items, such a weddings rings or family heirlooms, are stolen by a guest.
Another risk for Airbnb hosts to be aware of is squatting scams. Some scammers have taken advantage of the fact that when a guest stays in a home for longer than 30 days, they may gain squatting rights to the property, making it difficult for their host to force them to leave.
To avoid this situation, do not accept bookings that are longer than 30 days, and/or be very clear in your communication to guests that they are only allowed to stay at your property until the agreed upon departure date, and explicitly state that they must vacate your home after that time.
Be Realistic
It is unlikely that listing your Elk Grove home on Airbnb will provide you with enough financial freedom to quit your job and travel the world, though it may provide you with extra funds to contribute towards your mortgage payments. Be realistic about your expected hosting income, and don't make any major financial changes based on your expectations until you have experience as a host and can accurately predict your monthly Airbnb profit.
Are you ready to find an ideal income property for Airbnb guests? Speak with an experienced real estate professional today!
Thinking of Selling a Home in Elk Grove? Buyers Want Your Elk Grove Home for As Little As Possible. Quickly Find Out What your Elk Grove home is Really Worth, for Free.
Are you thinking of selling your home in Elk Grove? You should know exactly what it’s worth before making such an important decision. Get a CMA “Comparative Market Analysis”, for free, and with no obligation. This analysis compares your Elk Grove home to others that are currently on the market and to those that have recently sold.
Once you find out what your home is worth in Elk Grove you can make the decision on whether or not to sell your Elk Grove home
As top Elk Grove REALTORS®, the Rigley Realty Group can determine the value of your Elk Grove home and perform a quick market analysis, giving you a free estimate of what your home is worth in today’s market.
Mike and Jennifer Rigley of the Rigley Realty Group come with 10 + years experience helping buyers, sellers and investors realize their Real Estate dreams. Including:
- 30+ Year Sacramento Residents
- Over 1,400 homes sold since 2003 – 10x the average agent
- On Average sell homes 25.8% faster and for 1.5% more than the average agent
- Guarantee your Home will sell at a price acceptable to you or they will sell it for free*
- Team Approach for Maximum Client Satisfaction
- Ranked #145 Worldwide for all Keller Williams Agents 2008
- Ranked in the Top 25 of all agents & companies county wide in both the number of listings & sales since 2004
- Top 500 Teams All Companies in California for Production
- Sacramento Magazine 5 STAR Agent
In short, the Rigley Realty Group will sell your home for the most amount of money, in the shortest amount of time, with the least amount of hassles.
ALSO, once you sell your Elk Grove home, the Rigley Realty Group can help you find your next home in Elk Grove
What’s your Elk Grove home or property really worth? Get the true value of your home NOW!
Are you a local hero looking to buy or sell a home in Elk Grove? CLICK HERE to find out about the Home Benefits for Heroes savings program NOW! Former and active Military, law enforcement, firefighters, health care providers, first responders, and teachers are but a few of the everyday heroes that may be eligible for home buying and home selling discounts through Home Benefits for Heroes
To stay up to date with more Elk Grove Community News and Events, Elk Grove Real Estate information log on to www.RigleyRealtyGroup.com
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