Thinking of putting your property on Airbnb? Here are five ways to be a hassle-free host

first_imgThis Mermaid Beach property can be leased through Airbnb for $420 per night.IT might sound like an easy way to pocket some extra cash, but opening the door to short-term tenants can be a property owner’s worst nightmare.Listing a property on a short-term rental site such as Airbnb or Stayz can generate income of around $5000 a year for the average Australian host. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE This waterfront mansion at Surfers Paradise is available via Airbnb for $878/night.2. GET INSURANCE!Make sure you have short-term rental insurance.More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours agoUnderstand what makes a valid claim (broken windows, holes in the walls, large stains on the carpet or furniture, large scratches on new floors).Also understand what doesn’t make a valid claim (broken appliances due to normal wear and tear, lost cutlery or crockery — anything of value should be locked away, minor scuff marks). You can book this Surfers Paradise penthouse on Airbnb for $550 per night.3. BE HONESTMake sure your property photography, description, and pricing is accurate and appropriate. While guests expect you to highlight the best points of your property, don’t tell porkies. Nothing guarantees complaints (and bad reviews) faster than overpriced accommodation that looks nothing like the listing. Understand the supply and demand of Airbnb listings in your area for the time you are renting out to set a price that maximises your returns and occupancy. Online short-term rental accommodation service Airbnb. Photo: AFP/Lionel Bonaventure.But it can end up being more of a headache than a helping hand if you fail to read the fine print.Property management company MadeComfy has come up with some tips for potential hosts to understand what’s involved before listing their property online.Here’s how to avoid getting stuck facing huge fines and angry neighbours:1. SCREEN YOUR GUESTS PROPERLYUnderstand the purpose of the visit and make-up of the group. Don’t approve any large groups not suited to your home, check out previous guest reviews, and ensure photo ID for verification. Make sure your guests show courtesy and respect for the property’s permanent neighbours at all times.center_img This Kirra Beach unit can be rented through Airbnb for $194/night.4. ATTENTION TO DETAILIt’s the little things that guests are most likely to remember and recommend about your property. Coffee machine? Make sure the pods are well-stocked. TV and airconditioning? Make sure the remote control batteries work. Unwanted creepy crawlies? Undertake regular, professional pest control. A great guest experience means great reviews for your listing — and that brings more future bookings and enables you to charge a premium. This Balinese beach house in Noosa is available for rent through Stayz.5. MAKE A COMMITMENTRunning an Airbnb property takes time and commitment, so make sure you are in a position to give it both.Unless you can commit your time and headspace 24/7 to running the property, think twice, or get in touch with a property management service that can manage the process for you. RENTERS FLOCK TO BRISBANE ‘BURBS RATES TO REMAIN AT RECORD LOW UNIT PRICE DROPS SLOWlast_img

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