A Guide to Renting Your Property on Airbnb

By
Real Estate Agent with Daily Real Estate Update

Have an extra space that you no longer use? You might have thought of renting your space out to Airbnb. But how and where to start?

What is Airbnb?
Airbnb is a site that lets you host or rent a place for some time. There are a lot of choices on the site for different types of spaces. It can be a bedroom, a studio-type apartment, or a whole house. Depending on what you need as a renter or available to you as a host you will surely find a place in Airbnb.

To start as a renter on Airbnb, create an account and look for the best suitable place for you and your needs. To be a host on Airbnb, you just have to fill out a listing form to describe your available space.

Getting Started
To be a host on Airbnb, you first need to have extra space. Decide on how you would like that space to be. The available space can be a separate space from your home or can be inside it. You need to decide whether you are fine with having tenants in your home.


Once you are decided, you need to revamp your space to be more fitting to your future tenants. But the financial needs for this revamping may scare you. So create a two-part budget.


The first part will cover the basic needs of the room: bed, mattress, linen, towels, toiletry. The second half of the budget will cover the upgrades of the space. You can do the second part when you have had income already so you can also increase your Airbnb leasing rates

Setting Up
The basics of a room should be present in your space. A bed, mattress, linen, towels, lights, mirrors, and a functional and clean bath and shower are the most important parts of the room. Next is the ambiance, style, and design of the space.


This is a business that you have to prepare for and be knowledgeable about. You would want to stand out from your competitors around the area while you still keep to your budget. Search your area for available Airbnb spaces. Look at their spaces and costs. Compare your data to your vision for your space.

Everything should fit in the space. Look for space design information on Instagram and Pinterest. Consider the durability of the pieces when you shop for furniture. You don’t want to be changing your mattress or bed frame every other month because you opted to buy the cheapest but easily breakable pieces.


Don’t forget to include other amenities like extra bed sheets, towels, and bottles of conditioner, shampoo, and bath soap.

Space
Make sure that the space that you will put on the listing is livable in addition to being aesthetically pleasing. Put everything that the renter needs in the room. Place the toiletry in the bathroom where it can be easily seen. You wouldn't want to get a text or call from your tenant in the middle of the night asking you where the extra towels are.


Open the closet to indicate that it is good for us. Print a list of house rules and place it on the bedside table. Don't over-do the list, though. And refrain from using negative words when indicating to things/amenities that are not available for the tenant. Opt to use words like "normal use" or "reasonable amount."


Include extras like candies and a bottle of water on the bedside table. If you wanna add a watch to the bedside table, it’s your call. So long as it’s within your budget and it helps the space e livable.

Creating a Listing
Follow the instructions from Airbnb to create a listing. To create a listing that can get attention from possible customers, check out the existing listings of successful Airbnbs hosts.


Mention things that guests might have problems with like the absence of a bathtub or the room are inside the house where you currently live or kids. But of course, include the advantages of your place and highlight things that other spaces in your area do not have like a free wash and dry service if your tenant rents for a whole week.


You must include photos of your space in the listing. Take 10 very good photos of your space and one perfect photo that Airbnb will use as a cover of your listing. This will be the first thing that people will see on Airbnb.


When you have posted your listing, make sure to respond to messages immediately because Airbnb checks the responsiveness of the host and this affects your ratings on the site. It’s also beneficial for you so that you will get to talk to your potential tenants personally. You can answer their questions and potentially close the deals quickly too.
When you already have a tenant, send them a message containing a photo of your house (on the outside), the street, and a map and landmarks.

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