As you get ready to become an Airbnb host, you’ve got to know how you can be as successful as possible.
You need to know what to expect so you can plan ahead, have consistently happy guests, and earn 5-star reviews. This post will help you do just that. This is a no-nonsense and transparent glimpse into Airbnb hosting.
After reading this post, you’ll have a comprehensive understanding of some of the most challenging aspects of hosting on Airbnb and how to successfully navigate them.
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- 10 Shocking Lessons You Need to Know Before Hosting on Airbnb
- 1. Your Airbnb Revenue Can Fluctuate a Ton
- 2. Planning Ahead for Furniture & Supplies Is Crucial
- 3. Airbnb Startup Costs Really Add Up
- 4. There Are Many Airbnb Listing Photo Misconceptions
- 5. You’re Now a 24/7 Customer Service Representative
- 6. If You’re Not Careful, You’ll Spend Countless Hours Responding to Guest Messages
- 7. Negative Airbnb Reviews Can Help You Get More Bookings
- 8. Having the Wrong Airbnb Cancellation Policy Can Be Disastrous
- 9. Regular Property Maintenance Is Crucial
- 10. You Need to Create an Airbnb Listing That Converts
10 Shocking Lessons You Need to Know Before Hosting on Airbnb
1. Your Airbnb Revenue Can Fluctuate a Ton
Unfortunately, if you’re looking for a steady and consistent stream of income, starting an Airbnb probably isn’t right for you. As an Airbnb host, your revenue can swing drastically from one month to the next.
And factors completely outside your control have a major impact on your revenue.
For example, I earned $16,000 my first month hosting on Airbnb and $9,500 my second month. Then, wildfires near my Airbnb caused an unhealthy amount of smoke and evacuations nearby. For two whole months, I got zero bookings. $0 in revenue. The smoke was so bad that it wasn’t healthy for anyone to travel to the area.
As an Airbnb host, you have to be able to survive low months like these.
One thing that can help is planning ahead. AirDNA’s forecasting tool helps you do just. With AirDNA, you can quickly see your expected revenue every month. You also get historical seasonality, competitive data, and pricing recommendations. This tool not only helps you predict your revenue but also maximizes it. I use it constantly for my Airbnb.
2. Planning Ahead for Furniture & Supplies Is Crucial
When it comes to starting any Airbnb, getting all of your furniture and supplies before your first guest arrives is crucial. And achieving that is a lot harder than you might expect. You’ll need to:
- Figure out what you need in every single room (100+ essential items!)
- Find all of those items
- Ensure they fit within your budget
- Order them
- Track your orders and make sure they all arrive on time
- Assemble everything
It’s a ton of work. Staying on top of it all requires a lot of organization and planning. So, set yourself up for success (and save tons of time!) by downloading the free tracker I created for you:
This tracker includes 100+ recommended items for your Airbnb and the current cost of every single item. You’ll instantly have a furniture and supplies budget for your Airbnb. You’ll be able to easily track orders and ensure they arrive on time. All in one simple spreadsheet.
3. Airbnb Startup Costs Really Add Up
Those essential items are just one of the many expenses required during your first year of hosting on Airbnb.
Before you start an Airbnb, it’s crucial that you truly know how much it’s going to cost. With this simple step-by-step guide, you can quickly estimate your Airbnb startup costs.
4. There Are Many Airbnb Listing Photo Misconceptions
Two of the biggest Airbnb hosting misconceptions are (1) you need a professional photographer to take your listing photos and (2) you need to stage your property.
Can doing both of those things be beneficial? Yes.
But can you be successful without them? Yes.
I earned $16,000 my FIRST MONTH hosting on Airbnb. No professional photos. No staging. Just me, myself, and my iPhone.
5. You’re Now a 24/7 Customer Service Representative
As an Airbnb host, you’re responsible for responding to guests day and night.
Some of your guests’ messages will be quick and easy to respond to. Other messages will require an hour or more to craft the right response.
It’s crucial that you respond thoughtfully to every message and not let your emotions get the best of you.
6. If You’re Not Careful, You’ll Spend Countless Hours Responding to Guest Messages
With every single booking, you’ll want to send at least five messages, including booking confirmation, pre-check-in, check-in, mid-stay, and checkout messages.
But sending all of these yourself will quickly take up way too much of your time.
Recommended: 5 Essential Airbnb Messages That Will Save You Time
7. Negative Airbnb Reviews Can Help You Get More Bookings
Guest reviews are essential for your business. Reviews provide social proof from an unbiased third party. They help potential guests determine whether or not your listing is truly as great as you say it is.
And, let’s be honest, getting negative reviews from Airbnb guests is inevitable at some point. But getting a negative review isn’t necessarily bad for your business. How you respond makes all the difference.
Responding well to negative reviews shows that you’re communicative, thoughtful, and care about your guest’s experience. Your response to a negative review can build way more credibility than most positive reviews ever could.
8. Having the Wrong Airbnb Cancellation Policy Can Be Disastrous
You might’ve heard that as a new Airbnb host, having a strict cancellation policy will prevent bookings. The idea is that, since your listing doesn’t have many reviews, you should incentivize more bookings by offering a more flexible policy.
In my experience testing out several different Airbnb cancellation policies, I found that this couldn’t be further from the truth.
9. Regular Property Maintenance Is Crucial
As a new Airbnb host, one thing that might surprise you is how much property maintenance you need. And, when you first visit your property, you might be shocked by how many issues guests haven’t told you about.
Regular property maintenance is certainly an investment, but it’s one with a lot of benefits. It makes hosting more enjoyable, helps you get more 5-star reviews, and gets you closer to earning Airbnb Superhost status.
That’s why I’m walking you through 10 rental property maintenance mistakes and how to avoid them in this blog post.
10. You Need to Create an Airbnb Listing That Converts
As an Airbnb host, one thing that might surprise you is how much work goes into crafting a listing that converts on-the-fence guests into guests that can’t wait to hit “book!”. And that the work doesn’t stop after your listing with Airbnb goes live.
Before booking your Airbnb, potential guests need to be able to envision themselves enjoying your property. Here are 10 specific things you can do to achieve that through your Airbnb listing.
That’s it! All 10 important lessons you need to know before hosting on Airbnb.
When you start your first Airbnb, there’s no doubt that you’ll learn A TON! No matter how much you prepare, mishaps are sure to happen.
I hope this post helps you prepare as much as possible so your business is a success right away. Just know that there will always be more to learn!
Embrace it. It’s all part of the journey.
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