Airbnb is a website that lets you to earn money in various countries by listing your property for rent. It is legalized in certain countries of the world. Airbnb has emerged as a great option to earn more money since it was founded in 2008.
What is Airbnb ?
Airbnb is a website designed to let people list their property or homes to be available for rent. It is similar to letting out rooms like the hotel rooms. This is famous and being in use in more than 190 countries over the globe.
The entire process of listing your home on airbnb is a simple task and does not charge anything extra.
Read More : Investment on Stocks and Shares -Pros and Cons
Read More : Exclusive 1st home buyers checklist – Must read
Read More : Forex trading beginner’s Guide to Earn without Loss in Forex
Read More : Short term Investment Plans – Pros & Cons
How to get started with Airbnb ?
Getting started with airbnb is a simple task. It includes initial setting up of an airbnb profile. This is to attract guests towards your listing. Sharing the host’s culture as well as the guest expectations is required. Share all the guest reviews and apologize for the negative reviews to your guests. Add some photographs of your property to give your guests a better understanding. Price your listing as per the competitive rates in the airbnb market.
Basic rules to rent room, apartment or house on airbnb
No matter how big or small your house is, you can still list your room or even your apartment or house on airbnb. Initially know the rental arbitrage that is prevalent in your local airbnb market. Then list your property on airbnb. Be realistic, natural and have expectations that can be met. Before you rent out your home, get the proper insurance coverage needed to secure your property. Keep your landlord and neighbours in mind. Prior permission from your landlord is a basic requirement. Then start looking out for customers and be appealing towards them. As a host to maintain the sanity of your property set basic ground rules for your guests.
Countries on which airbnb works :
Airbnb has spread its wings of business to more than 190 countries all around the world. The countries where airbnb has not been operating are Iran, Sudan, North Korea, Syria and Crimea.
Read Also : Best Travel Credit Cards with low annual fee
Read Also : Best Drones On Different Budgets To Buy This Year
How much you earn with airbnb ?
Airbnb earning can be a 6 digit earning. It all depends on how your property is listed on the website. Explain all the important points pertaining to your property under proper subheadings. Highlight all the basic features and amenities provided by you to keep your guests comfortable and happy. Provide photo descriptions along with the facilities provided. List all the guest reviews of your property. Keep the positive as well as negative feedback on the site. For the negative feedback, apologize and accept your faults. Price the property in par with other listings of that area.
The key to earn more on Airbnb is by not chasing away customer for being full or over booked. Improve your property to attract more guests and thus increase your income.
Read Also : Types of Insurance You Must Know to Secure Life
Read Also : Top Birth Tourism Countries and birth tourism benefits Exclusive
What is the risk involved in airbnb earning ?
There are risks involved in listing your house or apartment on airbnb. Some of them are:
- Personal safety: How safe is it to rent out a room of your apartment to a stranger? If you are not staying in the house then it is safe to rent out by securing your valuables in a safe place. But in case you stay there and just letting out a room, you are physically vulnerable for danger.
- Scams: Scams and scammers are very common with airbnb. Be suspicious when something turns out to be too good to believe.
Is airbnb revenue taxable ?
Airbnb income is generally subject to tax deductions. But that depends on your income generation from the listings. If your earning is less then tax exemption will be automatic. This does not let you pay any tax. If your earning is higher than the threshold, then you have to file income tax.
What is the benefit of airbnb earning ?
Airbnb has its own set of benefits. Many tourists prefer airbnb since they have the following benefits:
- Airbnb has helped in developing the interest in culture of another country. By renting out an entire house or just an apartment airbnb has provided the option to the tourists to enjoy the local architecture, to taste the local cuisine and also to know the lifestyle and way of living.
- With airbnb tourists get the feel of staying at home. The feeling of staying within the four walls of a hotel or even a hostel can be avoided to a maximum extent with airbnb.
- The price with the airbnb properties is comparatively cheaper as compared to hotels or hostels. There is no seasonal variation in the price with airbnb.
These were the pros of Airbnb / benefit of Airbnb .
On the other hand, airbnb has cons attached to it like:
- Most of the times your host may not know your language. It would be difficult to communicate with your host if any problem arises.
- Planning is very much essential to enjoy the services of airbnb. Checking in and meeting the host should be planned well. The place of meeting as well time should be all decided in advance. Or else get a local SIM card and that will save all the trouble.
- If you do not like the property allotted to you, it is little risky to walk out and start looking for another accommodation in a foreign land. In a short notice span it is not possible to arrange for a replacement option to stay.
- Any scams related to airbnb are difficult to bring it to the notice of the concerned authority.
- The properties of airbnb are all scattered throughout the place than being close to the sightseeing places. This is a common problem as these are houses of the locals.
So these were the Cons of Airbnb .
Airbnb is an easy way to make some money by renting out your property. It is also an advantage for travellers to foreign lands to get the best facilities with this kind of facility.
0 comments