Airbnb has emerged as a name to be reckoned with in the share economy industry. It has disrupted the travel and hospitality industry and this concept is here to stay. Basically, Airbnb allows you to list your own property at whatever price you wish – of course competitive rates – so that you can host and earn money at the same time.
No Harm to Property
You may be wondering what if your property gets damaged once you start hosting on Airbnb. That is one of the biggest concerns most property owners will have. Fortunately, Airbnb provides a program called Host Protection Insurance that protects you from any damages, up to 1 million USD. This policy is of course applicable only in select countries but for the most part, it allows you to have a hassle free hosting experience.
Capitalize on the Costs Even More!
While you may have quoted your daily rental value for the property you have listed, you can additionally capitalize on the daily rental prices that Airbnb offers. Many times, these prices are higher than what you may have quoted, and so can provide you more income than you hoped for. For instance, if you have an apartment, a lease lasting a year would cost around 1500 AUD every month, which is roughly 50 AUD on average every day. Typically, you will find the Airbnb daily price to be over 100 AUD on average – which is double the amount you would have expected.
Great Way to Meet New People
One of the many advantages of listing your property on Airbnb is that it allows you to meet people from different parts of the world. Travelers are constantly on the lookout for cheap and comfortable accommodation that fits in their budget. If you start listing your property on Airbnb, you will be able to find plenty of guests, including business travelers, and be able to make new friends, and learn about their culture. However, you still need to be cautious when hosting a stranger to your home.
Earn Money Conveniently
Even if you don’t own a prime piece of real estate, you can still make some extra money on the side, just by using Airbnb’s services. Once you list your property on the site, you can expect to receive a fair amount of money, depending on what you quote for your rental. Airbnb offers a suitable host protection and an easy way to make extra money. Furthermore, Airbnb is not the only online short term letting platform on the internet. For example: Stayz, Wimdu, Tripadvisor, VRBO, etc.
Learn New Skills
People who are already a part of the hospitality industry have skills related to marketing, finance as well as guest service. If you have just entered the hosting business, Airbnb provides you a good platform to hone on these skills. While such skills tend to be necessary in possibly every type of business, in the listing business, the Airbnb platform offers you proven ways to imbibe, practice new skills and many different benefits.Listing a property on Airbnb can seem like a daunting task but once you register on the platform, go through the numerous guides and help services available, you quickly realize that it’s a profitable option. Or you can contact us to enjoy a hassle free hosting experience. We are KozyGuru, your personal Airbnb property management guide.
