How To Be an Airbnb Host: 14 Tips for Fast Success

Ever been curious about how to be an Airbnb host? How much extra income could you earn if you transitioned a property from a long-term to a short-term rental?

We tracked down several Airbnb experts to explain how to become a host for Airbnb with minimal fuss and maximum profits. They quickly pointed out that managing a short-term rental business is not for everyone — or every property — but can be highly profitable.

How To Be an Airbnb Host

Real estate investing and property management aren't “rocket surgery,” as my ex-girlfriend used to say.

But as you research how to become a host for Airbnb, you quickly realize that throwing up a listing with a few photos snapped with your smartphone won't land you huge returns.

Run the Number

“Before you become an Airbnb host, calculate whether the additional effort is worth the mone, compared to what you could earn if you rented out the same space on a long-term lease.”

Al Williamson, arguably the top expert on Airbnb rentals in the country, urges a counterintuitive approach to pricing.“Your Airbnb pricing should have nothing to do with what you could charge for a long-term rental.Don'tt even price your nightly rates based on other nearby Airbnbs!

Price Against Hotels, Not Other Rental

Know Your Local Law

The hotel industry is no pushover. With billions of dollars on the line, they aren't just laying down and surrendering the loss in market share.

Approach Short-term Rentals as a Complete Hospitality Business

Being a landlord is mainly hands-off, with occasional spurts of effort. That's what attracts most landlords in the first place — the promise of a passive income! Short-term rentals can producesubstantialg income, but they're far less passive. And they require a more holistic approach to operate profitably.

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