For those of you who are new to the holiday rental business you may be wondering about advertising your property on Airbnb, the popular hosting platform but may have been put off by the horror stories in the tabloid press or have seen a certain programme on the telly.
Unfortunately it’s only the horror stories that make the headlines and as we know, headlines help sell papers, nobody wants to read the story of the couple who enjoyed a 4 night Parisian stay in a stunning apartment over looking the Seine or how a family of 6 enjoyed Christmas in a cosy cottage in Snowdonia. So in the spirit of looking at things from the glass half full perspective, lets look at the positives of letting your property on Airbnb.
- It’s incredibly flexible. You can snooze your listing at any time, but you do need to honour any confirmed bookings.
- You can adjust your availability calendar, add bookings from other sites or use your property yourself and not be penalised or limited to how often you use your property.
- Set your own pricing structure or take up the suggested price tips.
- You get to meet people from all different walks of life, this year alone I’ve met actors from a touring musical, Korean students, a family from Manchester celebrating Rosh Hashanah and many more interesting guests that booked via Airbnb from around the globe.
- If you feel uncomfortable about a booking, you can cancel.
- Airbnb offers a 600,000 damages cover (this is not a substitute for having adequate insurance cover).
- Lower commission rates in comparison to traditional agencies.
- Build up a rapport with guests prior to their arrival.
- Guests and hosts are able to review each other. The reviews are only seen when both parties have left their reviews, which avoids a nasty tit for tat situation.