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How to make money as an Airbnb host

By Kevin Kelly

Becoming an Airbnb host may be an attractive option for owners of Bunbury real estate that have a spare room in their house. It can be a great way to earn a little money on the side and not let that extra space go to waste. Plus, you get to meet a lot of different people – it's like travelling, except the people come to you!

Here are a few tips on getting set up as an Airbnb host.

What is Airbnb?

For those that don't know, Airbnb is a community marketplace for short-term rentals, launched in 2008. The premise is simple – it's a place for people to hire out their spare rooms (or even sometimes their whole house) for travellers to stay in. Think of it as turning your home into a mini motel. Hosts get to pick the price, the official house rules and who is able to stay. It's all about flexibility – there are no special requirements to meet for being a host.

How does it work?

First, you'll sign up and create your listing. Think of it as an advertisement or profile page for your room. You want to point out the positives of the place and make it seem like a good option for people to stay in. This is where you'll add pictures, outline the amenities your house has (that your guests can use) and choose a price.

When someone is interested in staying, they'll send you a message. This is where you can get to know them a little bit and see if they'd be a good fit in your home. All going well, they'll make a reservation and you'll be able to plan for check-in.

How you wish to check-in your guest when they arrive is up to you. Some hosts like to prepare a meal, others just leave their guests to it. To make things a little easier, you won't have to deal directly with money – all payments go through the app and guests are charged before arrival.

What do I need to know before I commit?

While Airbnb can be a fun way to earn some extra money, you should take some time before you jump in to consider some crucial points. First, being a host can take a significant amount of time. Dealing with guests can be difficult and you have to ask yourself if it's a commitment you're willing to make.

Also, you should research your property and the surrounding area to get an idea of what price you should set. If the whole point is to make a bit of money on the side, you don't want to undercharge if you're in a high-value area.

Interested in owning property in Bunbury? Get in touch with the team at Ray White today.

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