Airbnb Host and Taxes

Airbnb Hosts and Taxesty.How does an Airbnb host deal with taxes?

When you become an Airbnb host, the days of throwing together your taxes at 11 pm on April 14th are over.  I would recommend finding an experienced accountant to help you with this, especially if this is your first year. Taxes for Airbnb hosts are complicated, and I always get asked questions about them.  In this article, you will learn whether you should file on a schedule E or C (and what the difference is), what you can deduct from your taxes, and some tips on how to make filing your taxes as an Airbnb host easier.

*****Disclaimer…I am not an accountant, or a lawyer.  All of this information is just from my personal experience and for entertainment value only 🙂 Continue reading “Airbnb Host and Taxes”

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How to use Hostfully to create a Kickass Airbnb Guidebook

The New CollectionWhat is Hostfully?  Simply put, Hostfully is an online, electronic guidebook for your Airbnb property that you can send to guests ahead of time.  It’s a simple link that you message your guests, and then they have your guidebook information at their fingertips.

How is an electronic guidebook better for Airbnb hosts? One of the best reasons to get an electronic guidebook is that it cuts down on unnecessary messaging both before and during their stay.  No more questions about restaurant recommendations or the closest grocery store, and no more guests asking about parking information three months in advance…you send them the guidebook ahead of time, and it answers all their trip related questions! You can include both pictures and videos, so guests see exactly how to turn on the TV and dishwasher without having to message you at midnight.  Although this information goes unread in my Airbnb house manual, for some reason guests will actually read it on Hostfully.

Continue reading “How to use Hostfully to create a Kickass Airbnb Guidebook”

Do NOT ask your Airbnb host for a discount & how a host should respond if your Airbnb guest asks for one

if you haven't found it yet.jpgRecently, I have seen lots of travel-hacking blogs offering airbnb travel “advice”.  They suggest messaging a host to ask for a discount.

Fair warning: if a host readily accepts your discount, be wary.  You get what you pay for.  They are either bad or inexperienced hosts – their calendar is open for a reason.

When pricing, Airbnb hosts already take many things into account, including: demand, season, competition, and availability.  If it is a last minute booking, the Airbnb host knows this and has already applied a heavily discounted rate.  So when a guest asks for a discount, it strongly suggests that they don’t understand the pricing system.  And if they don’t understand the pricing system, it is likely that they also don’t understand other things about the platform, like how to be a good guest.  Continue reading “Do NOT ask your Airbnb host for a discount & how a host should respond if your Airbnb guest asks for one”

7 Products for the Airbnb Host who Hates Cleaning

Brewed in portland, or by the sierra madre Brewing Company

As I’ve mentioned in a previous article, I hate cleaning.  But as a DIY Airbnb host, it is something I spent a lot of time doing.  Because I want to spend the least amount of time possible cleaning, I put my energy into figuring out how to be as efficient as possible.  These 7 products have saved me SO much time, and I recommend them to every new host!
Continue reading “7 Products for the Airbnb Host who Hates Cleaning”

How to Use Facebook to Increase your Airbnb Revnue

Using Facebook to up your Airbnb hosting GameFacebook is the largest social media network on the internet.  Plus, it spans all ages – everyone from my grandma (and her cat) to the teenager across the street has a Facebook page.

What better way to increase your occupancy than by advertising on Facebook? Airbnb hosts can use Facebook to market their Airbnb listings, as well as communicating recommendations and events easily to guests.  Continue reading “How to Use Facebook to Increase your Airbnb Revnue”

September 2018 Income Report: How much do you make as an Airbnb host?

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I believe that honesty is essential when you are sharing your story.  Some people get weird talking about income and money, but the mission of this blog is to give people a real look inside the life of an Airbnb host.  I am committed to being transparent with my finances.  Continue reading “September 2018 Income Report: How much do you make as an Airbnb host?”

August 2018 Income Report

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I am a huge advocate for honesty.  So in that spirit, I would like to show you our real Airbnb numbers. This should encourage those of you who need a bit of inspiration, and also give you a snapshot of how much money an Airbnb host can really make.  For those of you that are new to the blog, we currently own 3 houses and regularly manage 1, for a total of 6 regular listing.

Continue reading “August 2018 Income Report”

Why I am an anti-breakfast Airbnb host

Pet fees (12)If you are an Airbnb host, should you provide breakfast to your guests? Should guests expect breakfast?

I have been in Airbnbs where they cook breakfast for me, and it was very lovely.  I have also been at Airbnbs where they have a DIY breakfast option – some groceries to put together your own breakfast as needed that is restocked daily. Continue reading “Why I am an anti-breakfast Airbnb host”

How to start an Airbnb Management Company

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After becoming an Airbnb Superhost, you will naturally start to think about the next steps.  The extra Airbnb income is nice, however you probably aren’t able to quit your day job yet.  If you really want to reach financial independence, you will have to scale your business.

We make an extra $200-300 a month on each Airbnb property we manage, and even more when we were doing our own cleanings.  There is more up front work, but once everything is set up, Airbnb’s app makes it very easy to keep track of multiple properties.

Although the eventual goal is to retire owning an entire Airbnb empire, it takes a long time to save up for down payments, furnishings, repair reserves.  Supercharge your earnings and quickly fill your bank account by managing Airbnbs for other hosts.

Continue reading “How to start an Airbnb Management Company”

Financially Free with Airbnb – My book is finally here!

Written by Expert Superhost & Founder of AirbnbBabes.com

LittleSpaces

This book will teach you…

– How to Research & Purchase the Ideal Cash Flowing Property

– The Renovations & Furnishings That Guests Love

– How to Craft the Perfect Listing Description & Take Photos

– A Detailed Plan of Action that will take you from Host to Superhost

– Review Hacks that will give you consistent 5-Star Ratings

– Unique Marketing & Upselling Ideas that will have you Earning 6-Figures

….and so much more!

E-Book Copies Now on Sale for a Limited Time.

Don’t waste another second watching YOUR life pass you by.  Learn how to escape the 9-5 and live the life you deserve!

Click Below to order your Discounted Copy Today

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Continue reading “Financially Free with Airbnb – My book is finally here!”

Best Renovations for your Airbnb Investment Property

best renovations for your airbnb propertyIf the house needs some work, remember that remodeling for Airbnb is different than other real estate investments. An Airbnb remodel is of higher quality than a rental, but not as nice as a flip.

Here is an example: for a long-term renter, you could just leave the functional but ugly laminate countertops. For a perspective buyer, you would upgrade to quartz or granite. For an Airbnb guest, you would do something in the middle. A clearance slab of granite, butcher block, or even a nice-looking laminate.

Continue reading “Best Renovations for your Airbnb Investment Property”

Importance of Picking Target Audiences

BeFunky-photoMany Airbnb gurus have written about the importance of picking a single target audience. Focus on one subgroup of people, and then provide them with an experience tailored to their specific needs.

 

Continue reading “Importance of Picking Target Audiences”

Price Hack for Airbnb Pros

FFEdL1532623293Airbnb hosting is the perfect hybrid of entrepreneur and passive investment.  You control most aspects of your product, but can still rely on the safety net of a large company.

You can control the quality, and more importantly – the price.  This gives you the freedom to study the rules of supply and demand in your specific area, and apply various pricing strategies depending on your situation and end goal.

Continue reading “Price Hack for Airbnb Pros”

Inspection and Renegotiation of Airbnb Investment Property #3

5YafC1525988073We used a home inspector on the first house we bought that was 100 years old.  It was someone the realtor recommended, and we took her advice because we had never done this before.

Always choose your own home inspector, and get recommendations from people that you trust.   Continue reading “Inspection and Renegotiation of Airbnb Investment Property #3”

The Search For Property #3

FSVX71525197138I’ve been keeping my ear to the ground, looking for deals in our area that we could use for our third Airbnb investment property.  How have I been doing this? Well, I look through Zillow like other people might look through shoe catalogues.  I have spent so much time researching the various areas around town, how much other Airbnb hosts charge, and how full their calendars are.  I narrowed down my search to a few select neighborhoods, and set an alert that would email me if something in my price range and desired zip code came up.  Because I’ve been watching the market so closely, I knew a deal as soon as I saw it. Continue reading “The Search For Property #3”

Picking a Theme for Your Airbnb

R3gdr1524860369Before you can renovate or even decorate your house, you need to think of a theme. There are about a zillion “nice 2-bedroom condo close to downtown” listings up on Airbnb, and you want to stand out! A theme is an easy way to differentiate yourself from the crowd and provide a truly unique experience.

Continue reading “Picking a Theme for Your Airbnb”

What New Airbnb Hosts Forget to Buy

(This post may contain affiliate links. Please read my disclosure for more info.)

kVdDU1524603574If you’ve consulted with the ultimate Airbnb shopping checklist, you won’t have to worry about this problem! However, there are many new Airbnb hosts who don’t realize what they have missed until it is too late – and shows up as a negative in a guest review.  These items aren’t expensive, just overlooked…and small, thoughtful touches correlate to 5 star reviews.

Continue reading “What New Airbnb Hosts Forget to Buy”

A Step by Step Guide to Writing the Perfect Airbnb Listing Description

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Writing your Airbnb listing is like writing your online dating profile.  You want to display the best parts of yourself, but not exaggerate to the point that they can’t recognize you from across the bar.

Continue reading “A Step by Step Guide to Writing the Perfect Airbnb Listing Description”

2 Steps to Writing the Perfect Airbnb Title

kJ97O1523210040You’ve done your research and have chosen the perfect location for your Airbnb, making sure it is full of all the amenities that make guests happy.  You have taken great pictures, and written a kick ass guidebook. Now it is time to tie it all together with the perfect Airbnb title. How do you write a good Airbnb listing title?  Luckily, you are only two steps away from having the best Airbnb title in your city.

Continue reading “2 Steps to Writing the Perfect Airbnb Title”

Social Media for Your Airbnb

5ZQLo1522704947I get asked all the time: should I start a social media presence for their Airbnb listing?

YES! Absolutely yes.  It’s free, super easy to set up, and the possibilities for return on investment are endless.

Are you looking for content to post on your social media for your Airbnb listing? Stay tuned for the end of the article where we compiled plenty of ideas to keep your social media content fresh!  Continue reading “Social Media for Your Airbnb”

How to Respond to a Negative Review

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You just can’t please everyone.  Unfortunately in the Airbnb hosting world, those people that you can’t please CAN leave you a negative review.  You can’t delete the negative review, but you can limit the damage it causes but knowing exactly what to say when you get one.

Keep reading for templates that contain the perfect host response to negative reviews.
Continue reading “How to Respond to a Negative Review”

Make a Kickass Airbnb Guidebook

(This post may contain affiliate links. Please read my disclosure for more info.)

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Not trying to brag, but we have a kickass Airbnb guidebook.  The reviews speak for themselves…

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We have 100s of reviews, and about 1 in 4 specifically mention our guidebook.  I went through a few rough drafts before I found the perfect guidebook formula, but luckily for you I am going to let you in on the secrets!

There are 5 parts to a kickass Airbnb guidebook: title page, house rules, neighborhood description, recommendations, and extras.

1. Title Page

The first page of your guidebook should include all of the essential, “at a glance” information.  This includes: house address, host phone numbers, emergency phone numbers (a friend or family member of yours that they can call if they can’t reach you), wifi network and password, codes for all locks, check in/check out times, and any specific check in/out instructions.  If you have a social media or website for your Airbnb listing, put it on the front page.

2. House Rules

The second page should list all of your house rules. This is also the space to include any quirks in your house, like the oven is actually 10 degrees hotter than it says, or pull the door extra tight behind you when you close it. Put instructions for electronic devices like TV or blue tooth speakers, and owner’s manuals for appliances if you have them.

3. Neighborhood Description

The third page is a description of your listing’s neighborhood, and everything within walking distance.  Think of things you would want access to if you’re on vacation, not necessarily tourist destinations – convenience stores, groceries, gas stations, coffee house, etc.  Put them on a map so guests have a visual of where to go, and mark public transportation routes.  This section is important, because guests will rate your listing on location, so tell them all the awesome things about it!

4. Recommendations

Finally, the fun part!  This is the most important part of the guidebook, and what takes the most time to research and write.  We divided ours into the four main neighborhoods/entertainment districts in our city.  We further broke up each neighborhood into shopping, eating, drinking, and doing.

The first paragraph is about the history of the neighborhood, what it is known for, where it is located, and insider tips.  There are a few pictures of the neighborhood.  In each of the sub sections (shopping, eating, drinking, and doing), we include our favorite establishments.  The more local businesses the better – most Airbnb guests don’t want to go to chain restaurants, they want an authentic experience.  When writing the descriptions, mention things that are not common knowledge.  When is happy hour? What is your favorite thing there? Where can they park for free? Is there a dish that is “off the menu”?  Is there a night of the week where they do trivia or have a magician? Kids night?  Go around town and take pictures, or take some from their website.

After the four main tourist areas of town were explained in detail, we have additional recommendations that are grouped by interests.  For example: family, cultural, seasonal, free, breweries/wineries, etc.  You can add as many of these sections as you would like.

 

Here is a sample of our guidebook:

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5. Extras

At the end of the guidebook, I include a couple extras:

I wrote some different 2 day/1 night itineraries based on potential guest interests.  There is one for families that has an outline of kid friendly activities and restaurants, one for a girl’s night out, one for a weekend of romance, and one that is active featuring bike tours and hiking paths.

There is an FAQ section with more detailed information about the house

An “About Us” section with pictures and a short biography. This helps people see their host as a real person – it is much harder to give bad reviews to a real person.

 

Be sure to share your new kickass guidebook on your Airbnb social media pages!

 

Thanks for visiting my Airbnb hosting blog! Hosting is a huge passion in my life.  I love showing others how to build their own hosting business and reach financially independence.  If you are enjoying the content on this blog, it would mean a lot to me if you would consider purchasing my new book, Financially Free with Airbnb.  It’s available on Amazon and Kindle Unlimited.  Interested in receiving 1:1 coaching? Contact us at airbnbbabes@gmail.com to learn more!

 

5 Star Airbnb Hosting Tips You Haven’t Read Before!

2RmAC1522274418You want to step up your Airbnb game and be a better host, but after a while all of the tips you read start sounding the same.  It’s time to think outside the box and do something different to set your listing apart!

Here are some truly unique and tested techniques guaranteed to up your rating as an Airbnb host.

Continue reading “5 Star Airbnb Hosting Tips You Haven’t Read Before!”

Remember Your Why

sHQ9o1522240193The following is an honest, behind the scenes look at a moment in the life of an Airbnb host.  Spoiler alert: it’s not always fun and I am not always the perfect hostess.

I don’t think everyone knows this – but in addition to running this blog and hosting, I also have a full time job.  And it’s as a special education teacher!  I really love my job, and I enjoy being busy…but honestly it can be exhausting.  Continue reading “Remember Your Why”

Take Airbnb hosting for a Test Drive

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If you are still unsure about becoming an Airbnb host, that’s ok.  There are ways to experiment in Airbnb with minimal risk.

 

 

Continue reading “Take Airbnb hosting for a Test Drive”

Airbnb Vs Traditional Rental, a Case Study

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Which will give you a better return – Airbnb or long term rentals?

We recently met with a client who wanted us to evaluate if a duplex would be a good Airbnb property.  The property was in a great location just off the interstate, off street parking, and you could see the downtown skyline from the backyard.  The kitchen and bathrooms had been recently updated, and although it was only a 1 bed/bath, there was a living room big enough for a roll away bed.  The property itself was an older historic building with some original woodwork, floors, and recently updated kitchen and bath.

Here is what we sent him to convince him to switch from long term rental to an Airbnb. This analysis could apply to a lot of other properties.
Continue reading “Airbnb Vs Traditional Rental, a Case Study”

Things I wish I knew before purchasing my first Airbnb investment property

QrSwS1521549526“If you could do it all again, what would you do differently?”

Although I can’t go back in time and shake my younger, more inexperienced self, I do get asked this question a lot.  Luckily, you get to read this blog post and can benefit from my mistakes!

Continue reading “Things I wish I knew before purchasing my first Airbnb investment property”

How to get 5 star Airbnb reviews

3NxXW1521064807Are you an Airbnb host wondering how to get more 5 star reviews?  You are not alone.

In order to become a Superhost, you must have completed 10 trips, have 0 cancellations, a 50% review rate, 90% response rate, and maintain an average of 80% 5-star reviews.

Only 3% of Airbnb hosts fall into the Superhost category.  Maintaining the 80% 5-star average is the most difficult part of becoming a Superhost.

Continue reading “How to get 5 star Airbnb reviews”

Is Airbnb hosting right for you?

6oXFs1520625717Just because you CAN doesn’t mean you SHOULD.

Airbnb is a fantastic side hustle and a great way to meet all sorts of interesting people from all over the world. But like most things, it is not for everyone. You don’t want to jump into this without doing some research and soul searching, otherwise you will waste a LOT of time and a LOT of money.

Continue reading “Is Airbnb hosting right for you?”

10 Steps to Cleaning for the DIY Airbnb Host

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I’m going to be honest with all of you.  By nature, I am just a messy person.  Dishes in the sink? Don’t bother me. Clothes in the corner? The floor is the biggest shelf in your house!

There are many good reasons why Airbnb hosts choose to outsource their cleaning.  It saves time, you can pass on the cleaning fees to the guest, and you don’t have to block nights when you can’t/won’t handle a turn over.

Continue reading “10 Steps to Cleaning for the DIY Airbnb Host”