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How to Win at Listing Your Home on Airbnb

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Everything’s going online—right? Uber did it for ride service. Kickstarter did it for fundraising. And, Airbnb has done it for travel accommodations.

 

Who can be an Airbnb host?
If you’ve got private guest room space in your home or a property that isn’t owner-occupied, this is perfect for you. Why not get paid for your home’s unused space or for the time you and your family aren’t at your cabin in Bear Lake? Or, maybe you’re taking an extended vacation or moving to Dubai to work for nine months. All great reasons to put your home, apartment, guest room or other abode on Airbnb.

 

Now that you’re on board, here are some tips from Mountain America Credit Union to get more out of your listing:

 

Read the site information thoroughly
Whether you choose Airbnb, VRBO® or any other short-term rental site, read all the information they provide in their help center. Don’t stop there—search the web for independent articles on the rental site you’re considering. You could easily assemble a significant list of dos and don’ts in a few hours.

 

Splurge for good photos
First impressions are everything online. Good photos are all about lighting and space. If you’re not experienced at photography, call in the professionals.

 

Set an appropriate price
The price you paid for that beachfront condo in Hawaii doesn’t necessarily translate to your suburban, middle-America rambler. Airbnb has pricing guidelines based on the details of your listing and local rental costs.

 

Give them the basics
Create a guidebook for your guests that includes the house rules, Wi-Fi password, local attractions, your contact information and neighborhood businesses like the grocery store, dry cleaner and gas station. Be sure to include emergency numbers. Outfit your home with extra bedding and towels, as well as plenty of necessities like toiletries, trash bags and coat hangers. You should also provide household items like an iron and ironing board, microwave and coffee maker.

 

Hire a professional cleaning service
Guests expect a spotless living space—especially in the kitchen and bathrooms! If you’re not willing to put in the time to personally clean up after each stay, a professional individual or company is the best bet. You can add a cleaning fee to your listing to help offset the expense of using a professional service. There’s nothing that makes a guest reach for the nearest computer to post a negative review quicker than a dirty shower!

 

Make sure you’re covered
Check with your insurance advisor to make sure you have the right coverage for your home and property.

 

Go above and beyond
It’s the little touches that your guests will remember. Provide a universal charging dock, add string lights to your outdoor patio or put together an easy beach bundle including chairs, a cooler, towels and plenty of sunscreen. These additions help you justify a little higher price and will likely make your reviews shine!

 

Congratulations on embracing this new adventure! If your next quest is to buy a great vacation home to use for short-term rentals, Mountain America can help. We have information on all kinds of home loans including Conventional, FHA and VA. To calculate expenses, check out our mortgage calculators or get an instant rate quote.

 

Happy hosting!

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