Do you have a property that you are renting out or considering renting out during the busy seasons? Airbnb is definitely the way to go, with the company dominating the holiday home scene in the last few years.
In just ten years it has grown into a company worth $38 billion with over 5 million accommodations spread across 81,000 cities.
But before you jump in with both feet, it is important to understand that, as with almost everything, there is a right way and a wrong way to Airbnb.
If you are unsure of the best way to maximize your returns on your rental property, then you are in the right place.
We’re here to tell you the best Airbnb tips and tricks for hosts to ensure your guests have the time of their lives and leave ready to book again and tell their friends about you.
Keep reading to learn more.
1. Understand the Importance of Marketing
It is one thing to have your property listed, but if you really want to make an Airbnb profit, you need to make sure people are hearing about your listing.
Advertising is key. From social media to email marketing campaigns, the further you can reach the more interest you will generate.
2. Keep in Touch With Previous Tenants
It is also vital to stay in touch with those that have visited you previously. Return business is crucial for true Airbnb success.
You don’t need to call every week but get in touch now and then. Send updates and any changes you have made to the property and remind people of the great time they had there. You will start seeing those repeat bookings coming through faster than ever.
3. Offer Tiered Pricing Driven by Stay Duration
Some people want to enjoy a weekend break while others are interested in a holiday that runs over the longer term. With an Airbnb listing, you will see all types of visitors.
A great way to keep that Airbnb income rolling is to offer pricing that best matches the holiday. Offer lower rates for those staying over a certain period. Make it clear on your listing and see how soon people add an extra few days to their stay.
4. Find Out Your Angle
Depending on your location, there could be a lot of competition in your area. If you want to stand out from the crowd, then you need to know what makes your property unique.
Is it the architecture, the decorating style that appeals to a certain traveler? Maybe you are the only house to have an above-ground pool and a mountain view. Whatever it is, know your angle, and use it to your advantage.
5. Be Open and Honest
Nobody’s house is perfect, so don’t advertise it to be. I’m not saying you need to tell every sordid secret or post a picture every chip of paint or bookshelf in need of a final dusting, but just don’t lie or oversell your property.
You know what you have, and you need to make it work for you. Hiding this will only lead to negative reviews and poor experiences for your guests.
6. Leave Reviews for Guests
Reviews are important for all parties in an Airbnb transaction. Guests enjoy hearing positive feedback as much as hosts do. One of the key Airbnb tips and tricks for hosts is to reward your guests with a good review.
Not only will it help other hosts know what to expect, but it might just prompt a review in return.
7. Understand the Seasons and Price Accordingly
You cannot expect to make a good Airbnb profit if you keep your prices stable all year round. Depending on where you are and what the local amenities offer, the time of year will impact the demand for a house and should be reflected in the price.
If you have a seaside home, prices during the winter should be lower than during the summer. Just be careful not to sway too far in either direction and risk scaring people away.
8. Ensure You Know the Area Well
When looking to attract new guests to the rental property, you need to sell the area as much as you do the property.
Increasing your Airbnb income means knowing everything there is to know about your local area. Include information in the listing and maybe compile a welcoming pack with some information on local points of interest that your guests might enjoy.
9. Keep Everything in Stock
A way to lose business via your Airbnb property is by having a house that doesn’t have enough of the necessities available. Ideally, make sure you have double the core items such as bath towels, bedding and such.
While it may seem unnecessary, it should never be forgotten that accidents happen and you don’t want your guests going without as a result. It doesn’t take much and will have the added effect of making it easier for guests to leave the house clean and fresh.
10. Keep Up With Your Administration
One thing people want is reliability and security. They want to know that when they book, their time in your accommodation is set in stone. Therefore it is important for your Airbnb profit to ensure you keep up to date with all your administration.
Avoiding the simple errors that can lead to double or canceled bookings and can be damaging on your reputation as a host.
Never Fail With These Airbnb Tips and Tricks for Hosts
Making money with your Airbnb doesn’t have to be a dream and it doesn’t have to be hard.
The above list is not intended to be an all-inclusive guide to Airbnb success, but if you follow these Airbnb tips and tricks for hosts you are positioning yourself for success, and as everybody understands, success means money.
For more advice and tips on maximizing the worth of your rental property check out some of our other blogs today.
They are packed with information that can help you make your rental property rise above the rest.