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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Wedding hacks that will save you thousands: how to save money on your wedding

Save Money with these wedding hacks

Airbnb has been a huge help on my journey to being financially free.  I am so passionate about it that I started an entire blog devoted to helping other people learn Airbnb and reach financial independence.

However, earning more is only half of the equation.  You also have to spend less.  You could have an Airbnb empire – but if you spend every penny you make, you will never reach financial independence.  This post is different from my usual posts, as I want to share with you how I saved thousands of dollars on our wedding and still had an awesome party!  Continue reading “Wedding hacks that will save you thousands: how to save money on your wedding”

BEST Mattress for Airbnb hosts

BestYour guests deserve a good night’s sleep.  A well-rested guest is a happy guest, and happy guests leave 5 star ratings.  When we first started hosting, all of our mattresses were from Craigslist free.  And while I still recommend this route for newbie hosts, at some point you are going to have to upgrade.  This can be a big decision, especially if you have multiple beds.  How do you know the best mattress to buy for your Airbnb? An Airbnb host needs a mattress that is universally comfortable, long lasting, and affordable.

Continue reading “BEST Mattress for Airbnb hosts”

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”

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?”

Up Sell Your Airbnb & Earn More Money Hosting

how to upsell your airbnb guestsEveryone is familiar with the concept of up selling.  We encounter it in our everyday life! “Would you like to make it a meal for only $2 dollars extra?” “Free shipping over $25!” “Buy the king size mattress, it’s on sale!”

Good salespeople know the value of the up sell.  You already have a customer, they have already committed to buying.  Your job is to now squeeze as much profit as possible out of that sale.  This article will show you how to make more money with Airbnb.

Continue reading “Up Sell Your Airbnb & Earn More Money Hosting”

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!”

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.

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5 Foolproof Ways to Increase Your Airbnb Bookings

5 foolproof ways to increase your occupancy rate on Airbnb

  1.  Once you have crafted your perfect Airbnb title, don’t be afraid to adjust it to reflect major events in the area. For example: The Doll House – walk to the Super Bowl, Cabin Life – 4th of July Fireworks + BBQ, The Purple Room – on Macy’s TDay Parade Route, Midtown Manor – walk to Creighton’s graduation.  Do this when you are about a month out from the event and can charge the highest prices, and remember to change the name back after it has been booked.
  2. Guest reviews can be used as another form of advertising.  In your review of a previous guest, mention your Airbnb’s name.  “Thanks for staying at our Bicycle BNB.  Very respectful and welcome back anytime!”  Most Airbnb hosts like to travel as well – when they check out the reviews of a potential guest and see your brand, they could get curious and go check you out.
  3. Set the Airbnb calendar of your listing as your home page.  The more active you are, the higher up your listing will be in the search results.  Block, and then unblock a day to show Airbnb that you are still an active and responsibe host.
  4. Lower your price for the next week- even by just $5.
  5. Make sure your host profile is completely filled out.  The more verifications you have, the more potential guests are likely to trust you.

 

 

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!

 

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”

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”

How to Save Money Setting up your Airbnb

Are you looking for ways to start an Airbnb out of your home, but are discouraged by the potential start up costs? I recently ran across a popular blog post where the author suggested budgeting over $5,000 for JUST the master bedroom.  Conveniently, many of those expense items were from her own brand – “buy a $1,300 mattress from me! Check out these throw pillows I designed for $150 a piece!”

Continue reading “How to Save Money Setting up your Airbnb”