Airbnb – all about
Airbnb is a huge worldwide organization, based in San Francisco with revenues of 3.378 Billion. From our perspective, Airbnb is tops in bringing in revenue for our Airbnb’s.
| Pro's | Con's |
|---|---|
|
Large base of potential renters Great revenue potential Fairly easy to manage Review process for h Hosts and Guests You set the schedule |
Poor communication from Airbnb Hosting is hard work Property damage is not easy to recover |
Airbnb Pro's
Airbnb is an amazing platform. The site gives you a lot of control on how to list and price your house. Airbnb generates a lot of traffic and can make it easy for you to create an income source.
It is fairly easy to manage. There is a learning curve as there is for any platform. The communication portal between Guests and Hosts is very nice. One drawback, you cannot put links or email addresses in the communication.
Airbnb has a mobile app that will allow you to run your rental.
There is a review process for Guests and Hosts. This helps in the screening process.
You set your own schedule and rates. So you open up your place when it works for you.
Airbnb Cons
One of the major cons of Airbnb is the process of making a claim. You need to provide before and after pictures and receipts. It goes through a resolution process and can take months to receive a claim.
Keep in mind, hosting is hard work. There is a lot of set up, and communication with guests. You should have a hospitality mentality before you get into hosting.
It is difficult to get Airbnb on the phone. Airbnb prefers to communicate through the platform, which can be frustrating and very slow.
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