AirBnB is a revolutionary way that allows you to let out property on a temporary basis to guests without having them stay for a longer period of time. AirBnB allows you to rent out your space to guests at an affordable rate, giving you the ability to make money from a few days letting rather than a long term tenant. Loads of people have built property empires just by utilising the AirBnB facility.
AirBnB’s site lists hosts in over 34 000 cities and 190 countries across the globe, and has become one of the most trusted accommodation listing sites in the world. The company was formed in 2008 after their founders found it difficult to get temporary accommodation during their travels. If you own a property the first step of making money from AirBnB is to have it listed on their website.
To effectively generate a good income from AirBnB you can let out your property / room at a much cheaper rate than your competitors in the same area. Invest much into the customer experience, which means that you need to make it as much welcoming as possible by removing personal items such as clothes, toiletries, personal items and not have your guest feel like they are in someone’s room.
You can add extras such as soaps, shampoos, coffee, WiFi, internet connection, TV with cable just to ensure that your guest gets a great visitor’s experience. You can take notes of reviews done on your property and try to improve or maximize on their comments.