In the business world, you will always hear the saying that communication is key. As an Airbnb host, it starts even before the guest has booked. The moment you pick up the phone (or send an email) to answer certain enquiries, you should be ready.
Not all Airbnb properties can help you reach your earnings goal. There are a few considerations to decide on before you spend your money on any property. We outline the most important factors here.
The great thing about Airbnb hosting is that rentals typically go smoothly. The process, in general, is simple and less problematic than other types of accommodation. However, just like other businesses, it is not always rainbows and butterflies when you rent out your home to other individuals.
According to the old adage, everyone makes mistakes, including Airbnb hosts. Unfortunately, these mistakes can be costly and can lead to problems. However, there are some errors that can make you look like a total newbie.
An Airbnb listing is one of the most crucial elements that will bring in people to your property. There are three main parts of the listing: the title, description, and pictures. Out of these three, you can already tell that pictures will capture the attention of a potential guest. However, it does not mean you should give more focus on the images that you upload.
The world of Airbnb hosting has become quite attractive for many Australians. It is not surprising though. Over the past five years or so, the country has seen an influx of visitors from all over the world. Many travellers come from China, South Korea, and other Asian countries. Airbnb is quite popular, especially in the capital city and urban areas. Almost 70% of the short-term rental revenue comes from Airbnb.
Airbnb properties in Australia are booming. A detailed analysis showed that a single room in Sydney generated an average of almost $18,500 in 2017. In Melbourne, it was slightly lower but still more than $16,000 while Brisbane had an average of $12,000+. Perth followed the list with more than $11,600 and Darwin at exactly $10,258 in the same year.