Airbnb rentals also known as the air bed and breakfast is the service that lets property owners rent out their spaces to travelers looking for a place to stay. Now people often ask is Airbnb open for rental, if yes what are the requirement to be able to have an Airbnb rental.
Airbnb was started in 2008 by Brian Chesky and Joe Gebbia, two industrial designers that moved to San Francisco. For people that was unable to afford the rent for their loft at that time. The both of them decided to make up the money they needed by renting out their apartment to people who could not find hotels to stay at while attending nearby trade shows. They also set up air mattresses in the apartment living room for their guest. To sleep on and cook homemade breakfast in the morning. Airbnb is based on a peer-to-peer business model. This makes it simple, easy to use and tends to be more profitable for both parties.
Before you can Airbnb a rental, you must do some due diligence on your own. Otherwise, you could not only end up having issues with your landlord. You could also end up on the wrong end of a lawsuit and also in a legal tussle with the neighbors as well. If you want to Airbnb a rental, there are steps, rules, and regulations to follow and we are going to list out most of them.
STEPS TO AIRBNB RENTALS
There are some steps and regulations that you need to follow if want to consider Airbnb rentals, before you can rent Airbnb you may need to ask for a government ID or that you verify your identity.
The first thing that you need to do when going through the stages of renting a property is to do a thorough inspection of your property that you plan to rent out, know if the house is completely up to the local codes, is the house in a perfect condition, are there any broken appliances that you need to fix and so on.
Stages and Advertising
Another step to follow when you want to rent your Airbnb is staging and advertising, staging is not done when advertising rental properties but it can make a huge difference in the quality of tenants that you attract and the amount of rent that you can charge. If your budget is low you can have a staging process that can be affordable and also effective. All you have to do is rent out basic furniture to show the different ways that the space in the home can be used effectively. Then you hire a professional photographer to take great pictures and you can use them in the advertisement.
Find the right tenant
Before accepting any request for hire. First of all, go through the list of your aspiring tenant, communicate with them. Then find out where they have lived before. Even if possible call their landlord and know more about them through the testimonies of their landlord. So as to avoid renting out your apartment to a criminal or a spoiler of property. Still knowing more about your tenant, know his name, do a thorough check on his background. In the sense of finding out his capability to pay the rental fees, his salary, and also his employment history.
This is the act of doing a test on a person to examine the health state of that person in order to determine if there are suitable for renting your apartment to them. Tenant screening is also a learned and expensive screening as you find many backgrounds information about your tenant. The information is presented to you in a streamlined fashion. That also helps you to get a clearer picture of who your tenant is, what they like. Also, the risk associated with renting out a property to them.
In conclusion, Airbnb rentals are worth the money and also the time only if you find the right and good tenant, and also you can make more money with the Airbnb rentals.