With more and more travellers using Airbnb to book their stays, setting up your own Airbnb property can be a rewarding venture.
With more tourists looking for more unique accommodations that they’d receive from a hotel stay, hosts that go the extra mile for their guests can gain a steady stream of bookings and earn positive reviews.
So, if you’re thinking of setting up your own Airbnb, here are just five fantastic tips to help set you on the path to success.
1. Find the Perfect Property
If you don’t already own a property that you plan to rent out, your first step will be to purchase one.
It’s important to consider location as it’s a good idea to choose somewhere that will be popular with tourists. However, these locations can also be more expensive, so it’s essential that you weigh up your budget against your projected rental income.
Of course, if you win a cash prize to put towards a property with completions such as those run by Raffle House, you could end up with a much larger budget to work with.
2. Make Sure Your Listing Stands Out
In the majority of cases, your listing is your first impression that your guests will have of your property, and it therefore goes a long way in encouraging bookings.
While it can be tempting to save money and take photos yourself, using a professional photographer can help your property stand out from the crowd.
3. Invest in Amenities
Amenities can make all the difference to the experience that your guests have, giving them a comfortable and convenient stay.
When stocking your property with amenities, consider shopping from suppliers such as Out of Eden, this will allow you to give your guests the feeling of hotel luxury with the freedom of an Airbnb.
It’s also a good idea for you to stock the fridge and cupboards with basic essentials such as tea, coffee, milk, cereal, and juice.
4. Adjust Pricing for Demand
Pricing can be a difficult thing to get right, especially in the early days of your Airbnb venture.
It’s important that you find the right balance between being affordable and generating a profit.
Take the time to research similar listings in the area to figure out the right price, and the attention that you pay to market trends will help to ensure that your prices are competitive.
You can also consider adjusting your prices seasonally to reflect demand. For example, in the summer months, when demand is higher, you could take the opportunity to boost your profits, while you might wish to lower your prices in the off season to ensure a steady stream of guests.
5. Priorities Experience and Encourage Reviews
When setting up your Airbnb, it’s essential that you prioritise your guest experience. You’ll want to ensure that every one of your guests has a positive experience from the moment they book to the moment they leave.
This means ensuring that you have provided useful amenities as well as being prompt and helpful when responding to any questions.
Guests that have had a good experience are more likely to leave a positive review, thus helping encourage more guest bookings.
Have you set up an Airbnb or holiday rental? Share your tips in the comments below!
