If you have got a lonely couch and you want to make use of it to make some extra income or have an extra bedroom to rent or must have heard, how much your friend is making money by hosting on the Airbnb, then following are few important things to consider.
Before that, you must find a property manager in Norman with whom, you can discuss about your plan.
- Goal vs. expectation
You can surely make some money by hosting Airbnb but you must have certain goal first, whether you want a reliable income or replacing your present income.
Based on your goal, you must make your investment and consider your various risks. Also, you must decide what kind host you would like to be.
- Inviting strangers in your home
You must keep in mind while hosting on Airbnb, which you will be dealing with complete strangers, who will be coming to your home. You may have to spend your night under same roof with them.
If you feel a bit uneasy to think about that then you must think before going for this. Make sure that you are able to communicate with a complete stranger properly.
- Time commitment
To run a successful Airbnb, you may have to give enough time and commitment particularly when you start your business. Can you offer that much time?
Even when your business is stabilized, still you need to devote sufficient amount of time and be ready for certain emergency situations. Make sure that you are ready for all these.
- Listing positioning
You need to make your offer more attractive so that you are favorably listed and can always stand out in the competition. You need to make good photo and make attractive description about your facility.
Also, you need to be competitive in pricing and make constant adjustment to remain in competition.
- Landlord relations
In case, you are not the owner of the property then you must know how you will talk to your landlord about hosting of Airbnb. You need to consider his views too.