Earn Money as an Airbnb Rental or Experience Host Review & Bonus

How Does Airbnb Work?

Airbnb matches those with available rooms in their homes or a vacant home with visitors traveling to the area. It’s free to register and list your property on the site and you get to decide your rental price. Once rented, Airbnb handles the payment and keeps 3% as their service fee.

Once registered as a host on the site, you will need to create your listing. Gina, who lists three properties on the site and earned $34,000 last summer on just her Southampton rental, provides this insight, “The process is pretty simple.  Airbnb will occasionally send a photographer free to take pictures of the rental property.

“The most important part is to accurately represent your place. Creativity helps too.  Keep in mind first and foremost that the people coming to stay have no idea about your place other than what they see on the internet and what you tell them. You need to approach the content description as if a renter yourself.

• After that, an awesome heading that is searchable.  And like any content on the internet, update it frequently, testing headlines and blurbs to see what works.


• Pricing is important. Start low. Raise to the tolerance of pain. Take into consideration the strength of the $, the peso, and now, the Euro. Be prepared to negotiate somewhat.


• Answer inquiries immediately. Airbnb gives you 24 hours to do this. The first 15 minutes is where the meat is, in my experience.


• Having the Airbnb app on the cell really helps.”
  

  Overview

  
  
  • Homepage: Official Site
  
  
  • Product Name: Earn Money as an Airbnb Rental or Experience Host
  
  
  • Type of Product: PLR
  
  
  • Authors: Tiffany Lambert
  
  
  • Official Price: $27
  
  
  • Bonuses: Check Here
  
  

  How Much Can I Earn as an Airbnb Host?

  
  Our experts shared income ranging from a couple hundred dollars per month to several thousand per week. Location will dictate your price. Most experts use local hotel prices as a starting point. Airbnb also provides a calculator that can help though results may not be available if you live in a location where not much data has been collected.
  

  Is Airbnb Hosting Safe?

  
  Curt and Martha have been long been hosting visitors through the site and generally expect to earn $1,500 – $2,500/month in the spring and summer months. She has this to say about the safety of becoming an Airbnb host, “Airbnb has a lot of mechanisms in place that protect personal information such as phone #’s and physical addresses (until a reservation is in place). There are policies in place to help with refunds, cancellations and a lot of flexibility for a host to set their own terms within a variety of levels Airbnb provides. They also  provide a Host Insurance program (quote directly from Airbnb site: ‘Effective January 2015, the Host Protection Insurance program provides insurance coverage of up to $1,000,000 per incident for Airbnb hosts in the US and, if applicable, their landlords, if a guest is accidentally injured anywhere in a host’s building or property during a stay. The Host Protection Insurance program also covers hosts for certain third-party claims of property damage.’
  
  “Like anything else, you have to use your best judgment. The system has a lot of protections and guidelines in place to help you determine who your guests are and what they’re like thru an extensive review process. Make sure to read reviews about your guests from other Airbnb hosts to make sure you are comfortable with them. Use your gut, it can be a good judge of character as well. At the same time, you must take certain steps to protect your own valuables and privacy. So far, so good in our experience.”
  
  Jenna Rose Robbins offers this advice if you are renting out space which you won’t be occupying at the time of the visit, “I try not to go with guests who don’t have enough reviews. It’s just not worth it otherwise. I also make sure that my house rules are clearly stated in the listing so that there’s no confusion when a tenant moves in.”
  

  Expert Tips

  
  Thibault has several rentals including one in Bali earning $7,000 per week on Airbnb. He recommends setting a price lower than your competitors until you have three positive reviews on your property. He also says, “Ask people to contact you. Your listing text should not be just a description. Speak to your target, use words like ‘Contact me now’, ‘Ask me now about my special rates for veterans’, etc.
  
  When it comes to pricing your rental, Steven from Villa Cappelli offers this advice, “I would think I good rule of thumb is to slightly under-price hotels in your area.  That way you are offering a much more intimate, cozy experience for guest, but also at an extremely competitive price.”
  
  Visit Airbnb to learn more about hosting.
  

  These sites also help you in renting out your home:

  
  
  • HomeAway
  
  
  • Roomorama
  
  
  • Evergreenclub.com
  
  
  • 9Flats
    

    How to Design an Airbnb Experience

    
    You can choose to create one experience or you can opt for an “immersion.”
    
    One experience lasts two or more hours, but is more brief than an immersion. Airbnb describes it as a “quick glimpse into your world.” Examples of this would include a walking tour, bar-hopping or a workshop.
    
    An immersion can last a couple of days. This could be something like surfing all day and then camping under the stars at night.
    
    Once you decide what you’d like to do, you can sign up in four steps (at the bottom of this page).
    
    You’ll fill out bits and pieces of information to go on your experience page, including photos, a personal description and an outline of the experience. As long as you have plans in place, the process shouldn’t take too long.
    
    If your experience meets Airbnb’s standards, you can set up shop!
    

    How Much Money Can You Make as an Experience Host?

    
    You get to set your experience’s price.
    
    The average price of experiences booked thus far has been $100. For immersions, the average price has been $270.
    
    Airbnb offers helpful guidelines when deciding how much to charge. Some tips include:
    
    • Offering a good deal when you first start so you can build your reputation with substantial reviews. You can raise the price over time.
    
    
    • Considering that price will set your customers’ expectations. If you set a high price, well, they’re going to expect the best.
    
    
    • Be sure to consider how much you’ll spend on materials, time spent and cost of food or rentals. Airbnb recommends calculating these expenses based on a group, rather than per individual.
    
    
    
    And remember: Airbnb has to make some money, too, so it takes a 20% cut from your earnings, Fortune reports, which is a bit heftier than the 3% it takes from home bookings.
    
    However, if you’ve partnered with a nonprofit, you’ve got nothing to lose (in terms of money).
    
    And this might be a “derp” tip, but Airbnb says the experiences that cost less are usually booked more, so keep that in mind when planning!
    

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