Air BnB Strategy-Part 1 of a 4 part series

by | Jul 7, 2022

Almost everyone has heard of or used Airbnb — the online property rental marketplace that enables hosts to rent out unused short-term private accommodations ranging from single rooms to entire houses. Airbnb began in 2007 and has rapidly grown to include listings for over three million available properties in more than 65,000 cities around the world. Here is how to start a profitable Airbnb business.
Before you decide to start an Airbnb business, make sure you are legally allowed to become an Airbnb host in your jurisdiction, and you are prepared to follow local laws and regulations!
Local laws regarding the hosting of paying guests can vary greatly depending on your city/state or provincial laws—in some locations they are prohibited altogether while in others they are subject to an occupancy tax. For more information see the Airbnb Legal and Regulatory Issues and Responsible Hosting web pages.
If your space is an apartment or condominium, check to see if you are allowed to sublet the premises. Apartment landlords and condominium associations often have rules in place to prevent owners from renting out their units as Airbnb spaces. Renting out your apartment without your landlord’s knowledge can get you evicted.
How an Airbnb Business Works
The first step is to become an Airbnb host and register your property by submitting photos and descriptions of the space for rent. Once a property is listed with Airbnb it can be viewed by travelers looking for accommodation in the host area. Guests can search the Airbnb listings using a variety of criteria such as:
  • destination
  • dates of availability
  • price
  • number of rooms, bedrooms, and washrooms
  • amenities such as breakfast, hot tub, pets allowed, etc.
  • host language
  • facilities such as parking, air conditioning, etc.
Diversity: Airbnb has an enormous diversity of available accommodations, from boathouses and yachts to lighthouses and castles. Rather than generic hotel rooms Airbnb listings have the homey feel of an actual living space.
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