![]() But, for those of you looking to be the next big rentalpreneur, don’t let that stop you! This means that, many times, the guidelines, laws, and ordinances don’t come into play until the technology forces the government to take note and regulate.Īs more and more laws are drawn up around the globe, surrounding the short term rental world, you, as a host, will need to stay up to date. You can even provide weekly and monthly discounts for those looking to stay a while, saving you the time it takes to turn over guests.Īs is often the case, technology has outpaced the government when it comes to short term rentals. Whether you want to set custom prices for certain seasons, weekends, or local events – the choice is yours. Remember – the best part of being in the short term rental game, is that YOU are in control of how much you charge, and what kind of experience you want guests to have. ![]() Pricing can attract – or repel – that exact type of guest, and fully understanding who your person is, will dictate all the decisions you need to make as an Airbnb host. ![]() There are TONS of things to consider as you price your rental which I will discuss a little later on in this article.Ībove all, the question you must answer is, “Who do you want to serve?” You get to choose, and you should choose, who you serve. What You Charge is Up to YouĪs the host (or operator) of your property, what you charge your guests will always be your personal decision, albeit, one of the most difficult decisions. Payment Comes After Your Guests ArriveĮven though Airbnb gets 100% of the payment as soon as your guest books their stay (in most cases), Airbnb won’t release any of that money to you until 24 hours after your guest has arrived. Airbnb charges the guest before arrival, so you never have to handle money directly. After you’ve answered those inquiries, a potential guest can decide to actually book a stay. Once you’ve listed your property, you will begin to get inquiries from potential guests. It’s important to note that while it’s free to list your unit on Airbnb, there will still be fees that are incurred when a guest books your unit – likely by both you, and the guest. Getting your Airbnb business started is easy, and you can advertise your home to millions of travelers for *free*, as there are no sign-up charges, or membership fees to list on the Airbnb site.
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