If you are looking for ways to make money with your home or other property that you have, then you have a number of possibilities. You could rent it out as a whole, or rent out a spare room that you have, using a site like Airbnb. This is growing and growing in popularity, and with a little know-how, you can make sure that you are renting out a place that not only looks good but will get you the good reviews that you want, in order to secure more bookings. 

But where do you start when it comes to Airbnb? Here are some considerations to think about, as you plan it out and become the best host that you can be.

Comply with local laws

Before you start listing your property, you need to make sure that you are doing everything that is in line with local laws, wherever your property is based. As well as this, it is a good idea to check your insurance, whether you are the homeowner or the renter, to make sure that you are covered for sub-letting. If you aren’t, then you will need to get a new policy to make sure that you are covered and protected. These things need to be your first point of call. Put simply, if you’re not complying, then it can mean little bookings compared to other properties that are fully registered and regulated.

Be considerate of your neighbors

Having guests is what is vital if you want to make money with your home or room on a site like Airbnb. But as your guests will come and go, your neighbors will be the ones that are there to stay. If there is excessive noise, late-night parties, and lots of mess, the neighbors will be the ones that are left frustrated, and you will be the one hearing all about it once guests leave. You could consider looking into something like noise monitoring for Airbnb, as a way to remotely monitor noise levels, and how long it lasts, whether you’re in the home or not. When you welcome guests, it is also important to make them aware of the fact you have neighbors and what hours they are expected to be quiet. 

Protect yourself as a host

Many guests that you will get are great, and they will make your job nice and easy. However, there are occasions where you can get some guests who aren’t great to host. One thing to do to make sure that you are protected from things like the damage is to take a deposit that is fully refunded after the stay. Another idea to think about is checking out guests yourself in person. You can look at the property and check for damage or breakages, and bring it up with the people there and then. Taking photos of the home or the room before hosting someone can be a good point of reference too. You will do well to protect yourself.