Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

The 5 golden rules of Airbnb hosting

By Tim Neary
01 February 2018 | 1 minute read

With many Aussies feeling the strain on the purse strings after Christmas, many are thinking about Airbnb to generate extra income. But some are getting more than they bargained for, and it’s not just extra cash in their back pockets.

Performance-based short-term rental specialist MadeComfy says that hosts should fully understand the intricacies involved in listing a property online, before doing so.

Co-founder Quirin Schwaighofer has compiled five golden rules when listing a property on a short-term rental site.

Advertisement
Advertisement

1. Screen your guests properly

Understand the purpose of the visit and make-up of the group. Don’t approve any large groups unsuited to your home, check out previous guest reviews and ensure photo ID for verification. Make sure your guests show courtesy and respect to the property’s permanent neighbours at all times.

2. Make sure your short-term rental insurance is in place

Understand what makes a valid claim and what doesn’t. Anything of value should be locked away.

3. Make sure your property photography, description and pricing are accurate and appropriate

While guests expect you to highlight the best points of your property, don’t tell porkies. Nothing guarantees complaints (and bad reviews) faster than over-priced accommodation which looks nothing like the listing. Understand the supply and demand of Airbnb listings in your area for the time you are renting out to set a right price that maximises your returns and occupancy.

4. Pay attention to detail

It’s the little things that guests are most likely to remember, and recommend, about your property. Coffee machine? Make sure the pods are well stocked. TV and air-conditioning? Make sure the remote control batteries work. Unwanted creepy crawlies? Undertake regular, professional pest control. Great guest experience means great reviews for your Airbnb listing, and that brings more future bookings and enables you to charge premium.

5. Running an Airbnb property takes time and commitment, so make sure you can give both

Airbnb is not set and forget. Unless you can commit your 24/7 time and headspace to running the property, think twice.

The 5 golden rules of Airbnb hosting
default
lawyersweekly logo
Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings

 

Subscribe to our RPM
mailing list

 

Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.