Is It Possible to Airbnb Your Rental Property? A Comprehensive Guide

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The Insider @ Houst
Last updated on
September 11, 2023

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Is It Possible to Airbnb Your Rental Property? A Comprehensive Guide

I hope you enjoy reading this blog post.

If you want my team to just manage your Airbnb for you, click here.

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Chances are, you've come across Airbnb, that nifty platform where folks open their homes to globetrotters. Now, you might be wondering, 'Can you Airbnb a rental?'

Well, the answer isn't a simple yes or no; it's a bit of a 'depends on the situation' deal. Before you take the plunge and list your apartment on Airbnb, it's wise to do some homework and determine if hosting is right for you. It'd be quite a letdown to put time and money into your place only to find it doesn't quite pay off as expected. So, let’s get started!

Table of Contents

Location Matters

Location is a big deal. The number of potential guests you'll attract depends greatly on your apartment's location. An apartment in the heart of Melbourne will likely see more bookings than one in a quieter place. The hotter the demand for Airbnb in your area, the more you can potentially earn.

Understanding Local Laws

The Airbnb Legal Checklist

Before diving into Airbnb hosting, you must be well-versed in your local laws and regulations. It's on you to know the lay of the land.

In some cities, hosting is permitted for primary residences, with limits on rental durations. Conversely, places like Melbourne and Sydney have a more laissez-faire approach with fewer Airbnb rules.

Depending on your location, you might need a license or face fees. It's all about following the local playbook to avoid any surprise fines.

Remember that these rules can shift, so staying updated is key. After all, it's better to be safe than sorry!

Lease Limitations

Although there's usually no direct law against Airbnb-ing your apartment, there are some important factors to ponder before welcoming strangers into your abode. First, many apartment leases contain a clause forbidding subleasing, so it's crucial to chat with your landlord beforehand.

Getting Your Landlord's Green Light

Turning your apartment into an Airbnb moneymaker can be a smart move, but it's vital to have an upfront conversation with your landlord to ensure everyone's on board.

Some landlords might not be keen on tenants Airbnb-ing their places, while others could see it as a welcome income boost. It's a good idea to create a clear rental agreement that covers who handles utility bills, the maximum guest-stay duration, and other crucial details that matter to both you and your landlord.

Chat with your landlord before diving into Airbnb hosting; it's a must!

Insurance and Safety Checklist

Before embarking on your Airbnb hosting journey, it's essential to tick off a few important boxes. Firstly, ensure that your Airbnb insurance policy covers any potential damages during a guest's stay. Secondly, consider the security aspects of having strangers in your home.

If you're comfortable with these responsibilities and potential risks, Airbnb hosting can be a fantastic way to boost your income. But always prioritise safety and ensure you and your landlord are on the same page with the rules before diving in.

Airbnb Host Requirements: What's Expected of You?

 

Airbnb has some expectations for its hosts, and here's the lowdown and some host tips:

  • Be Quick on the Draw: You're expected to be responsive, ideally replying to booking inquiries and reservation requests within 24 hours. While it's not a strict rule, promptness is appreciated.
  • Embrace Guests: Whenever possible, accept reservation requests to keep your hosting mojo strong. Constantly declining requests might impact your future bookings.
  • Handle Cancellations with Care: Cancellations should be a last resort because Airbnb takes them seriously. Guests count on your commitment to their travel plans. Frequent cancellations can lead to penalties.
  • Aim High with Ratings: Quality is key. A top-notch space coupled with outstanding service is the goal. Falling below a certain host rating might result in Airbnb giving you the boot, while a high rating can catapult you to Superhost Airbnb status.
  • Think Essentials: Airbnb doesn't mandate essentials like toilet paper and soap, but it's highly recommended. After all, wouldn't you prefer a place with a towel and pillow?

Meeting these expectations can help you thrive as an Airbnb host.

Host Like a Pro

In the world of Airbnb hosting, you're in a competitive game with countless other hosts vying for the same guests. So, here's the deal: your property needs to shine.

The secret sauce? Transform your Airbnb into something truly remarkable. Achieve this by ensuring your place is impeccably clean and well-furnished.

The Cleanliness Factor

Cleanliness is non-negotiable in today's Airbnb scene. Guests come expecting a spotless, well-maintained space. Even a single piece of trash on the floor can set off alarm bells in their minds. They might wonder:

'If there's trash here, what else might be amiss?'

You aim to have guests focus on what's right with your place, not hunting for flaws. It's the surefire way to keep guest satisfaction high and avoid negative reviews on Airbnb.

Amenities That Make a Difference

While Airbnb provides some recommendations, going the extra mile can set you apart. Here’s a Airbnb host checklist for amenities:

Must-Have Amenities:

  • High-speed internet
  • Shampoo and soap
  • Toilet paper
  • Towels
  • Coffee and/or tea

Nice-to-Have Extras:

  • Breakfast or snacks
  • Thoughtful welcome gifts like a card or a bottle of wine
  • Local attraction maps
  • Lists of things to do
  • Streaming services like Netflix and Hulu
  • Keyless entry

The sky's the limit when it comes to adding special touches. Get creative and ask yourself: 'If I were the guest here, what would I want or need?' The goal is to avoid guests arriving and realising something's missing, like an umbrella on a rainy day.

Being a Stellar Host

Just having a great apartment won't cut it anymore. Today's guests crave a memorable experience, not just a place to crash. Hosts can't rely on a passive approach.

You need to invest in creating a remarkable guest experience. Being accessible is crucial – guests should reach you easily, especially in emergencies. If you're not around, consider having a nearby emergency contact. An unreachable host can be frustrating and unprofessional, so be the host you'd want to have!

Hire Airbnb Manager to Increase Revenue 

Houst is your go-to Airbnb rental management company that takes care of everything – from keeping your place spick and span to handling maintenance and boosting your Airbnb revenue. They've got your back, making your hosting journey hassle-free and more profitable. It's like having a trusted friend who knows the Airbnb game inside out.

The Insider @ Houst

The Insider @ Houst

The Insider team at Houst is dedicated to providing up-to-date and relevant information on short-term rentals. If you have hosting inquiries, please write to us at expert@houst.com. For guest inquiries, reach out at guest@houst.com. We are here to help you navigate the world of short lets and look forward to assisting you with your needs.

The Insider @ Houst

The Insider @ Houst

The Insider team at Houst is dedicated to providing up-to-date and relevant information on short-term rentals. If you have hosting inquiries, please write to us at expert@houst.com. For guest inquiries, reach out at guest@houst.com. We are here to help you navigate the world of short lets and look forward to assisting you with your needs.

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David
Account Manager

"I have a philosophy in life called keep it simple. I don't live to work, I work to live. This is the first time I've leased this property on Airbnb. A house allows me to have vision of all the revenue and all the expenses associated with the apartment. They work as a well-oiled machine. They strive very hard to keep both myself and the tenants happy."

Jules
Sales Director

"Honestly, if I didn't have Houst, I don't think I'd have this house anymore. With Houst's help, I can focus on my busy life while they manage my Airbnb listing. Guests call this place the 'magic cottage', and Houst makes it possible to share its special charm without any stress."

Charlotte
Musician

"Houst has been a game-changer for us, enabling my husband and I to expand our property portfolio effortlessly. Their personalised service lets us be hands-off yet fully in control, making property management seamless while we pursue our careers as musicians."

Ahmed
Software Engineer

"Houst has been a game-changer for my Airbnb rentals, significantly boosting my income. Their user-friendly platform and comprehensive management services, covering everything from cleaning to guest interactions, make property management stress-free."

Jim
Construction

"Finding Houst has been like a godsend for my Airbnb venture. It's made the entire process really easy, from the onboarding to managing guests. Their seamless service has enabled me to host successfully without needing to invest my limited time. If it weren't for Houst, I wouldn't be hosting on Airbnb."

David
Account Manager

"I have a philosophy in life called keep it simple. I don't live to work, I work to live. This is the first time I've leased this property on Airbnb. A house allows me to have vision of all the revenue and all the expenses associated with the apartment. They work as a well-oiled machine. They strive very hard to keep both myself and the tenants happy."

Jules
Professional Landlord

"Honestly, if I didn't have Houst, I don't think I'd have this house anymore. With Houst's help, I can focus on my busy life while they manage my Airbnb listing. Guests call this place the 'magic cottage', and Houst makes it possible to share its special charm without any stress."

David
Account Manager

"I have a philosophy in life called keep it simple. I don't live to work, I work to live. This is the first time I've leased this property on Airbnb. A house allows me to have vision of all the revenue and all the expenses associated with the apartment. They work as a well-oiled machine. They strive very hard to keep both myself and the tenants happy."

Jules
Sales Director

"Honestly, if I didn't have Houst, I don't think I'd have this house anymore. With Houst's help, I can focus on my busy life while they manage my Airbnb listing. Guests call this place the 'magic cottage', and Houst makes it possible to share its special charm without any stress."

I hope you enjoy reading this blog post!
If you want my team to just manage your Airbnb for you, just book a call.
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