How to Make Money on Airbnb

How to Make Money on

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Over 80% of people say they are likely

or very likely to return to a vacation rental within 2 years. 30-40% of Airbnb travelers report they

would not have taken their trip if it were not for Airbnb.

VACATION HOME SALES HAVE INCREASED BY

75%

● Homeowners are specifically investing in vacation home properties.

● In 78% of vacation home sales, potential rental income was an influencing factor in the purchasing decision.

https://www.flipkey.com/blog/2015/07/07/6-tips-to-run-your-vacation-rental-like-a-successful-small-business/

Approximately ⅔ of homeowners were able to

cover at least 50% of their mortgage.

54% of vacation homeowners were able to

cover at least 75% of their mortgage.

Many second homes or “vacation homes” are rented out the majority of the year as short-term rentals.

The Gig4 tips that ensure your listings are on the

first page of a guest’s search results

Pictures

Quantity

● At least 10 pictures● Make sure all important areas i.e.bedrooms,

bathrooms, kitchen, and major wow factors (like hot tubs, a great view, etc) are shown.

● Don’t leave your guest guessing what certain areas might look like.

DON’T SETTLE

Quality

● The better the picture, the better the chance your listing will be clicked on.

● Check out these photo tips from Airbnb to ensure they are professional quality, or risk a neighboring listing getting more visibility, higher rankings and more bookings.

If you’ve got it, flaunt it!

Reviews

Reviews are the first thing that guests take into account during their selection process (after pictures, of course).

REVIEWS ARE GOOD!

You want guests to both recommend you and book your rental again.

The better your reviews are, and the more you have, the higher your listing will be in search results.

Speed

Faster response speed = higher ranking

Be thorough and accurate. Be sure to completely address all your guest’s questions – they asked them for a reason.

RESPOND TO INQUIRIES WITHIN 1 - 4 HOURS!

Scope

Target your home to the right guests● Know who your audience is and advertise to their vacation wants and needs.● This can make a world of difference for your booking rates.

How? Ask yourself:

“Who lives in this area?”

“What is its appeal?”

The GigDuring and After Booking

Clean, Clean, Clean

● One of the first checks a guest does upon arrival is for cleanliness.

● Make sure your house looks as good as it did when you took those pictures.

● People understand they are staying in someone’s home, and that’s part of the charm, but your dust bunnies, toilet grime, and kitchen crumbs are not charming.

● Make sure you have all the livable necessities and supplies for you guests.

● Perks like fluffy towels and a welcome pack go a long way!

Communication

Satisfactory stay = Handling instructions from entry and check-in know-how, to house rules and local recommendations are all necessary for a satisfactory stay.

Great stay = Being there for questions or problems that arise during the stay is what makes for a great guest experience.

Your guests are going to need guidance.

***Remember to stay upbeat and positive during all communications

VS.

Check-Out

● Quickly clean for a quick turn-around (so you can do it all again).○ Quick cleanings make it possible to have a same-day check-in.

● Don’t forget to restock supplies and toiletries.

○ It’ll take quite the come back to make up for not having toilet paper for your next guest.

● Follow up with your guest and do those reviews!

After the initial set up, HomeAway states hosts spend an average of nine hours a week just managing

their rental.

Effectively running the day-to-day operations is the most challenging

part of vacation rentals, and…

it is where most people FAIL.

HAS YOU COVERED

Let Pillow manage your vacation rental so you can Rest Easy.

We’ll do it all ● quality pictures● listings and marketing● check-in / check-out● professional deep cleanings● and 24/7 support

Sign-up with Promocode SLIDESHARE to receive 3 nights of free bookings!

Increase in rental income and bookings guaranteed!