How to start and make money with Airbnb

How to start and make money with Airbnb

Do you own several properties and not using any of them?

If yes then you can easily make them by renting them with Airbnb.

You don’t know Airbnb then don’t worry, I am going to demystify that for you in the following article.

What is Airbnb and how does it work?

Airbnb is an online marketplace that aims to arrange accommodation for the one who is seeking out from the one who is renting out the same.

Airbnb is a platform acting just as a broker on the commission basis and does not own any of the real estate property. Their unique concept revolves around to act as a liaison between renters and seekers.

How does Airbnb works for Host?

Airbnb works for a host in the following way.

 

1.    Sign up as host and add up basic details

First part is to sign up as host and add up your basic details like adding a photo and then add up your phone number.

     2.    Make a listing

For this move to listing space section and make your listing which prompts to ask you for the type of listing that you are making like apartment, house, room or other.

     3.    Set up your Price

Setting up pricing as you can set up per night, week, or month. You can set up the pricing as per the accommodation and specific location. If location is upmarket then set up pricing that way or if it is more tourist-friendly then quote a price that way.

     4.    Go through Airbnb services

It s time to check the specific services which Airbnb likely to offer you like 24/7 Support, rebooking assistance, refund, and reimbursements.

     5.    Get ready for Guests

After all, the setup now its time to get ready to receive bookings and chat up and finalize with your guests.

 

How does Airbnb works for Guests?

Airbnb works for Guests in the following way

 

1.    Sign up as Guest

First and foremost step here is to sign up first by providing your basic details and verification process.

     2.    Scan through the listings

After you sign up then you can scan the listings and select the accommodation as per your requirement like location, price with the correct dates and number of guests.

     3.    Make Booking and process payment

After you make the selection then book your accommodation and process your payment. Your booking will be confirmed once your payment processed successfully.

 Benefits of listing a property on Airbnb

 

1.    Extra Source of Income

With the listing of the properties on Airbnb, you can generate an extra source of income which is generally passive and with the time you can get financial independence.

     2.    More time for you

With the listing of property on Airbnb, you will have a sufficient amount of time with you which you can utilize for your travel, pursue your hobby and get involved in other activities which you find suitable for you.

     3.    Meet new people

You will be able to widen your experience as you will get the opportunity to meet new people and get to know them and their cultures. With this exposure, you will be able to serve more and will become a super host.

 Therefore Airbnb is an excellent platform that must be utilized to generate extra income and got future growth.

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