As landlords across the world find themselves insolvent during the current viral crisis, they are looking to sell their properties to make mortgage payments or find good tenants immediately. On the other end of the spectrum, we have Airbnb hosts who have faced a lot of cancellations because of the pandemic and are also looking for solutions. 

Though business is slow, short-term rental hosts can use this time to expand their list of skill sets, back end systems as well as add additional properties to have a good number of short-term rentals to offer to guests who’d want to travel as soon as lockdown measures around the world are relaxed. And trust us, with so many people feeling sick of their homes during quarantine, you’re going to witness a deluge of bookings in the coming year! 

Most of the hosts out there know the two most common options they have when they enter into the Airbnb business — rental arbitrage (where hosts rent a property for the long term, and with the permissi...

With Airbnb voiding its cancellation policies and being very guest centric, hosts are not very happy at the moment with the company. Sensing the vibe, the company very recently went into damage control mode and offered to pay 25% of the amount that hosts would have received from their cancellation policies. However, there are thousands of hosts who rely on Airbnb for an income and they don’t feel that the company has done enough to help them during this crisis especially considering how vague this offer was left.

If you have been operating as a business, you didn’t just post your listing on Airbnb and used multiple channels to get more short-term rental guests. If this is the case, then you must have been probably getting a lot of cancellation requests that you have to deal with personally. So, what should you do to ensure that these guests get back to you right after the pandemic ends? Handling the cancellation process cleverly holds the key to this. Read on to know more: 

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Social distancing is not just a buzzword; we’ve got to practice it religiously to contain the spread of COVID-19. But doing this in the short-term rental business might not seem feasible as you have to meet an endless stream of guests, especially if they have rented a room in your apartment. 

With the probability of a global recession increasing with every passing day, it’s important to run your business to ensure a steady flow of cash during these difficult times. But, at the same time, it’s also crucial that you take a host of measures for your safety as well as that of your guests’ health. 

Here are some ways through which you can make this possible: 

• Share instructions with them when they book. Encourage them to practice respiratory hygiene.

• After a guest checks out, make sure that the remotes, doorknobs, curtains, and faucets have been thoroughly sanitized. Hire professional cleaning service providers who arrive in full gear to sanitize your apartment as well...

Should I Enter The Short Term Rental Industry Amid The COVID-19 Outbreak?

Let’s face it; it’s a slow season for the short term furnished rentals business. But that doesn’t mean that you abandon your dream of starting making your foray into the industry altogether. 

The COVID-19 outbreak has led to huge losses for the airlines and hospitality industry. With lockdowns being declared in a host of countries, travel for leisure doesn’t seem to be on anyone’s itinerary at least for a few weeks to say the least. 

In addition to this, the most popular online market places connecting hosts to guests, such as Airbnb, are offering full refunds on cancellations to guests, something that’s really harming the business interests of hosts and owners of short-term apartment rentals.

But every industry witnesses highs and lows so why should the STR business be any different? Getting into the business has proved to be extremely profitable for thousands of hosts and this slump shouldn’t de...

Entering into the Airbnb short-term rental business poses unique challenges that don’t usually crop up in other businesses. One of the biggest obstacles most new hosts starting out and wanting to list several properties on Airbnb is having to convince property owners to allow them to sublet.

In fact, many are unable to kickstart their business because they don’t get the green signal from landlords. 

With some preparation and planning, you will be able to build a relationship with a landlord who won’t only want to rent out one property to you, but many properties! Here are just a few tips for those preparing pitches to convince landlords to lease you their properties so that you can start an Airbnb home: 

Chat with real-estate brokers

It’s important to have contacts in the real estate world so that you are appraised of which buildings in your preferred area are without tenants for months at end, Owners of such properties would be desperate to rent it out so they are more l...

While your Airbnb might get repeated bookings during peak season, you have to get bookings during the off-seasons as well to ensure that you actually have a profitable business. In fact, your aim should be to have your Airbnb occupied all throughout the year. If you are still a bit rough on the edges regarding how to handle and manage an Airbnb property, then don’t worry, we are here to help you out! Here’s a list of all the things that you can do to double your occupancy rates: 

Update your listing 

Make sure that all the relevant details are filled along with pictures that are clicked by a professional photographer. It’s alright for a specific property to fall short in a particular area but make sure that you do not conceal them from people. They are going to see your property anyway and if bad surprises are in store for them, you might end up with a very bad review. Too many bad reviews can result in de-listing and people generally avoid properties that have bad rankings. 

Thinking about going all out to make your Airbnb home the hottest home-stay in the locality? Then you need some tips and tricks up your sleeve to set you apart from the competitors. After all, the Airbnb business is getting more and more difficult with every passing day, with every other homeowner listing vacant rooms or entire property on the website.  

Here are some ways through which you can offer a great experience to your Airbnb guests and increase your income at the same time:

Offer to accommodate more people

Add a sofa that doubles up as a bed to your Airbnb so that you can increase the price of the place. More heads in beds is a great way to get in more search results and get more views. People traveling in groups will lean more towards your listing and will give you the opportunity to charge extra for the additional guests.

Hire professional cleaning help

Would you want to pay for a place that doesn’t look as though it’s been thoroughly cleaned since the last time someone...