Ways to Start a Short Term Airbnb

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Ways to Start a Short Term Airbnb

In 2021, Airbnb had reached 4 million hosts and even then it was still encouraging new hosts to join. Fast forward to today and it remains a popular platform, but what are some of the best ways to start a short term Airbnb?

There are lots of ways to make money as an Airbnb host. With so many options to earn extra cash, it’s never been easier to supplement your income with Airbnb.

Whether you’re looking for a simple side hustle or a full-time gig, you can get started with an Airbnb business fairly quickly.

Below, we’ve listed some of the best ways to start an Airbnb for a short-term business.

Follow these tips for your next Airbnb to boost bookings and make money.

Ways to Start a Short Term Airbnb

Most people aren’t aware of how easy it is to get an Airbnb started, especially if it’s only short-term.

Rent Out Family and Friends’ Apartments

One way to get into short-term Airbnb is to ask your friends and family if they have any properties you can rent out. If you ask enough people, the chances are someone may have an apartment you can use.

Of course, you may have to discuss an agreement with them to give them a profit percentage. However, this can still be a way to make some easy income for yourself.  

Rent Out Your Garage or Spare Room

Another fast way to get a short-term Airbnb rental is by renting out your spare room or garage. You may be surprised at how easy it is to clear out your spare room and create more space. 

The best part about this option is that it doesn’t require much effort to set it up. Plus you probably won’t have to invest any money to get it started, and you’ll be owning an Airbnb. 

You also don’t need to manage your own Airbnb. To get someone to manage your Airbnb for you, check out these services

Benefits of Starting a Short Term Airbnb

Getting started on Airbnb can be a highly rewarding venture; many people like the idea but they don’t do it. Below we’ve covered some of the best Airbnb benefits. 

Profit 

One of the biggest benefits of starting an Airbnb is because of the amount of profit that it can bring you. Whether you have a huge portfolio of apartments and properties you are renting or just some small spaces, Airbnb can help boost your bookings.

It has even allowed some people to leave their day jobs and become full-time hosts. Others simply use it as an extra side income. The better you can make it for your guests, the more money you can make. 

Flexibility 

One of the best things about having an Airbnb is the flexibility it allows you to have. Not only can you rent it out whenever you like but if you decide that you don’t want to have guests, you can say the property is unavailable. 

This allows you to have more control over your choices and rental property. 

A New Income Stream

Most people only have one income stream which is normally their full-time job. This means that if they lost that stream of income, they wouldn’t have any other support. 

Nearly everyone can benefit from having a second income as it gives them something to fall back on. Plus it gives your overall income a boost. 

How to Get the Most Out of Your Short-Term Rental

If you want to make as much money as possible with your short-term rental, then you need to create a great service. Here are a few ways that you can get the most out of your rental.

Get Bookings 

The number one thing you need to make the most of your short-term rental is to get bookings. Ultimately, having a lot of interest in your rental is what will get you bookings. 

The best way to do this is to use great pictures and advertise your rental on Airbnb. You should also consider your price, as people may not be willing to pay as much until they see some positive reviews.

Get Great Reviews

On Airbnb reviews are everything, so this should be your focus. You want to aim to get as many great reviews as possible. If you get a lot of reviews, then Airbnb will be more likely to recommend your services when people search for your area.

The most effective method for getting great reviews is to provide a great service. This means that you should aim to give your guest the best experience possible to receive five-star reviews.

Increase Your Prices 

If you want your short-term rental to make as much money for you as possible, then at a certain point you want to increase your prices. To successfully do this, it may depend on whether or not you have a lot of five-star reviews. 

However, increasing your prices is a realistic goal. You can even start by bumping it up an extra few dollars a night and work your way up. 

Find More Useful Guides

Many people feel as though setting up a short term Airbnb is a difficult task, but it doesn’t have to be. If you find that you are stuck, come back and follow the advice in this guide.

Also, to find more guides filled with useful information, why not check out some of our other blogs?