Why & How You Should Airbnb Your Home When You Travel

Bidhata Shrestha Dwa (Travel Girl) — Sat, 01 Oct 2022 11:00:44 +0000

As someone who loves to travel, especially during peak seasons, I’ve discovered a fantastic way to offset my vacation expenses – Airbnb-ing my home while I’m away. I know what you’re thinking because I’ve been there too. The idea of renting out your personal space can seem daunting, even risky. But let me tell you, the rewards are worth it. Not only do I get my vacation expenses covered, but I often come back with a profit!

Addressing Common Concerns

“I’m worried about strangers stealing my personal belongings.”

This was a big concern for my client, Jasmine. She had some family heirlooms that she was particularly worried about. Here’s what we did: We designated a specific room in her house, installed a heavy-duty deadbolt, and secured all her valuables there. Now, she rents out her home with peace of mind, knowing her treasured items are safe.

“What if someone throws a wild party and trashes my place?”

This was John’s nightmare scenario. He lived in a college town and was terrified of rowdy students taking over his home. We set up some strategic rules on his Airbnb listing: no guests under 21, a minimum stay of 5 days (which usually deters party-seekers), and we only accepted guests with verified identities. John’s hosted dozens of times now without a single incident.

“I can’t be there to clean between bookings.”

Maria, a busy professional, loved the idea of extra income but couldn’t fathom how she’d manage turnover between guests. We solved this by setting up a system. We found a reliable cleaner through a local short-term rental host group, did a trial run, and set up a routine. Maria now travels worry-free, knowing her place is in good hands.

Vacation Rental Security

Dedicate a specific room or closet to securing your most valuable possessions. For example, any family heirlooms, expensive technology, or something of that nature. Get a deadbolt, and secure these items safely locked in a room where no one can access them.
Be selective about the guests that you accept.
- Don’t feel comfortable hosting guests who are under 21 years of age? Luckily, you can set restrictions on your account.
- Only accept guests who have verified their identity via submitting identification to Airbnb. This adds a layer of security and is highly recommended.
- Set a minimum stay for your guests. Most partiers only want to stay for a weekend. Set a minimum stay of 4 days to a week, depending on your preferences.

My Personal Tips for Success

Embrace Smart Technology

I swear by my smart lock. It’s been a game-changer for my rentals. No more key exchanges or worrying about lost keys. I simply send guests a code that expires after their stay. It’s convenient for them and secure for me.

Automate Your Communication

Airbnb’s automated messaging system is your best friend. I’ve set up messages for check-in instructions, trash day reminders, and check-out procedures. My guests always comment on how smooth and professional the process is. This attention to detail has helped me achieve and maintain Superhost status.

Time Your Travel Strategically

I’ve learned to align my travel with local tourism peaks. For instance, I live near a popular fall foliage destination. I now plan my own autumn getaways to coincide with this surge in demand. It maximizes my earning potential while I’m off enjoying my own adventures.

A Personal Success Story

Last year, I decided to test my own system with a big trip. I was planning a month-long tour of Europe – something I’d always dreamed of but thought I could never afford. By implementing all these strategies, I not only covered my entire trip’s expenses but came back with an extra $1,000 in my pocket!

FAQs

How much can I realistically expect to earn?

This varies greatly depending on your location, the size of your property, and the time of year. In my experience, during peak seasons, I’ve seen clients earn anywhere from 1.5 to 3 times their regular monthly mortgage or rent. For instance, a client with a two-bedroom apartment in a tourist hotspot made $3,000 in a month when their usual rent was $1,200.

Do I need to inform my insurance company or mortgage lender?

Absolutely. I always advise my clients to check with their insurance provider and mortgage lender before listing their property. Some policies may not cover short-term rentals, and you might need additional coverage. One of my clients, Tom, found out he needed to switch to a landlord policy, which actually ended up saving him money in the long run.

How do I price my property competitively?

I recommend using Airbnb’s Smart Pricing feature as a starting point, but don’t rely on it entirely. Research similar properties in your area and price accordingly. I helped a client, Lisa, increase her earnings by 30% simply by adjusting her pricing strategy to account for local events and seasonal demand.

What if something gets damaged?

Airbnb offers Host Protection Insurance, which covers up to $1 million in damages. Additionally, you can require a security deposit. In my years of hosting and consulting, major damage has been rare. When it has occurred, like when a guest accidentally broke my client’s antique mirror, Airbnb’s resolution center was very helpful in resolving the issue.

Final Thoughts

From my personal experience and that of my clients, I can confidently say that Airbnb-ing your home while you travel isn’t just possible – it’s profitable. With the right precautions and systems in place, you can turn your vacation into a money-making opportunity.

If you’re still unsure, start small as I did. Try a weekend rental to test the waters. Refine your process, build your confidence, and before you know it, you’ll be planning your next grand adventure, knowing your home is not just paying for itself but funding your travels too!

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