As a business owner or entrepreneur, you know that one of the most critical factors in your success is occupancy rates. You’re losing out on potential revenue if you’re not at capacity. However, a growing demand for short-term rentals, specifically Airbnb, can be competitive in the market. So, how can you ensure that your property is attractive to Airbnb users? By following these simple tips, you can increase demand and increase your chances of full occupancy all year long!
One of the most critical factors in attracting Airbnb guests is location. Is your property close to popular tourist destinations? Is it in a safe neighborhood? Is it accessible by public transportation? These are all questions that potential guests will be asking themselves when they’re searching for a place to stay. Of course, if your property can answer “yes” to these questions, you’re already ahead of the game! However, if you want definite places with a good short-term rental market, here are some places you should put your money on:
It’s estimated that about a million people visited Hawaii this year, making it one of the prime tourist destinations in the United States. However, while it may be one of the more expensive short-term rental markets, with plenty of luxury condos and villas, you can always expect high demand for Maui rentals.
New York City, New York
New York is becoming a competitive market, with about 400 new Airbnb listings daily. But with its many tourist attractions, including the Empire State Building, Times Square, and more, you can be sure that demand will always be high.
For those looking to do something a little different outside of the U.S., Barcelona has become one of the more popular short-term rental destinations in Europe. With plenty of festivals, attractions, and beautiful beaches, you can be sure that demand will always be steady.
Having a good location is essential if you want to make money from your short-term rental property. By choosing one of these cities, you’ll be set up for success!
Price it Right
Another critical factor in attracting Airbnb guests is pricing. You want to ensure that your nightly rate is competitive with other similar listings in your area. Not sure what a fair price would be? Use Airbnb’s “Price Tips” feature to get an idea of what other hosts are charging for comparable properties.
Maintain it and Keep it Clean
Of course, making money from your short-term rental property is about keeping it clean. Guests want a clean place to stay with amenities that make their lives easier. Investing in good quality linens, beds, bathrobes, and more can help keep guests coming back repeatedly! However, you should also keep your property maintained! Here are the three most essential maintenance you must do to your property annually.
Water and moisture are some of your property’s worst enemies. First, it brings in water damage which can be costly. Second, it creates mold and mildew, which can cause health problems for your guests. So, annually, check and inspect all areas in your property for moisture buildup, including sinks, showers, windows, pipes, etc. Resolve any problem immediately to prevent further damage. Make sure to hire a professional water removal service to help you out. They can inspect all areas of your property, including the crawl space and attic, for moisture as well.
Your guests also expect a comfortable temperature in their room. So, you need to check on your air conditioning or heating system. Is it functioning properly? Do you need any repairs? If so, have it repaired immediately so your guests will be comfortable.
Finally, you need to check on your plumbing system annually. This may include the sewer lines and water pipes. Any leaks or blockages should be immediately resolved. Again, hire a professional plumber to help with these repairs so they can be completed quickly and safely.
Offer Perks and Amenities
In today’s competitive marketplace, offering guests more than just a place to sleep is essential. Many hosts find that offering additional perks and amenities (like complimentary breakfast or free parking) can help them stand out from the crowd and attract more guests.
Keep Your Calendar Up-to-Date
One of the best ways to ensure high occupancy rates is to keep your calendar up-to-date. This way, potential guests will always know when your property is available, and they won’t have to waste time checking availability for already booked solid dates.
By following these simple tips, you can make your property more attractive to Airbnb users and increase your chances of having full occupancy all year long! Remember these steps; you’ll be well on your way to success!