Airbnb is a format used by property owners to make extra money or actual income. Properties can easily be listed for travelers to use when visiting a certain city or town across the globe. Travelers look to Airbnb for affordable options during weekend getaways or family vacations. While many have heard of Airbnb, there are questions as to if the option can really make money by listing a property for booking. Learning more about the process can give property owners and inside look into the process and how it can be a money maker.
List for Free with Low Fees
With Airbnb, homeowners can list their property for booking absolutely free. The service does not charge for listing, with no sign-up charges or membership fees. Once you list your property, Airbnb simply takes a 3 to 5% fee for offering the listing service. They then charge a guest before arrival to ensure you are paid on time when acting as a property host. You do not have to handle the money directly and Airbnb will take care of any monetary issues that may arise.
Airbnb will then release money around 24 hours after the guest is set to arrive to ensure the check-in process runs smooth. The process is relatively simple, and you have the power to set your hosting price, which ensures you make what you want with your listing. However, it is essential that you list with comparable pricing so that travelers will want to book your property.
By using Airbnb, you avoid any major extra costs, which helps you to make more money with your listing. As mentioned, the company charges 3 to 5% per booking. When compared to other top listing services, the host service fee is relatively low. Sites like Booking.com charge 15 to 20%, which means less profit for you per booking.
Professional Assistance
To have the most potential to earn money with an Airbnb listing, professional property management assistance is recommended. With an expert helping with your listing, you will have quality photographs and marketing plans to get your property noticed by travelers. Old and new guests will be targeted to ensure your property is booked on a regular basis.
Services of Airbnb property management groups like https://www.bnbhosts.com.au/ include cleaning and maintenance, property styling, booking management, customer communication and more. With these services, your property is set up for success.
When you begin the process of Airbnb listings, working with a team of professionals is key to success. It is easy to make mistakes when listing for the first time, such as charging too much or not considering the time spent to take care of your new side business. With an Airbnb listing, it takes a great deal of time and effort to ensure your listing stays booked so you can earn a stream of revenue from the property.
Over time, you may become overwhelmed with your busy property. To ensure the property is taken care of properly, find a property management team to help.
With the right listing type, marketing campaign and maximum effort placed on your property, money can be earned, leading to additional possibilities with Airbnb, including adding more listings!