Make money with your spare room

2016-08-23 06:00

DO you have a spare bedroom that is unused and collecting dust?

Airbnb, an online marketplace that enables people to list, find and rent holiday space for a processing fee, opens up opportunities to meet travellers and make some money. Here are nine tips to turn your spare bedroom into an Airbnb destination.

Determine the price for your location

Take a look on the Airbnb app to see the rates offered in nearby neighbourhoods. Decide on the nightly price and then add any required fees.

Make sure to factor in a currency exchange fee, local taxes and VAT. All bookings require a deposit to secure the space in case one party negates the agreement.

Sign up to host

Start with verification, with options like linking your Facebook or Twitter accounts and adding your phone and e-mail address. Getting verified is easy. Next, create your listing. You’ll be asked for details such as pricing, boundaries, booking times, guest preferences and house rules.

Professional photographic services

Use high-resolution images that showcase your space well. Take well-lit, professional photos. These images must be current and charming.

Keep communication active

Messaging online and via the app helps you get to know your guests and answer any questions. The more accurate your listing, the higher the chances of a good review.

Plan your check in

Some hosts meet guests in person to hand over a key, while others provide a door code. Ensure there are spare keys for guests if necessary and plan properly to avoid the need for cancellations.

Welcome your guests

Ensure a clean space, sheets and towels, and provide essentials such as toilet paper. Perks such as WiFi, coffee, tea and toiletries help to get better reviews. Give tips on places to see and things to do nearby, but check out the tips yourself.

Host guarantee

The guarantee protects your home from accidental damage. Every host with a listing on Airbnb is eligible for coverage at no additional cost.

More than moola

In addition to the extra income, hosts join a supportive worldwide community.

Reviews are essential

The Airbnb community relies on honest reviews.

It will remove or alter a review if it violates the guidelines. The best way to get more guests is with positive reviews. — W24.

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