Airbnb Hosting Tips: TOP 5 THINGS I WISH I KNEW WHEN STARTING OUT!

I started hosting on Airbnb in 2013 and I've learned a ton in that time. Last year I made $500,000 in rental income. Here's 5 thing I WISH I knew back when I started that I know now.

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[ushirshah]

1. 2 night minimum
2. Dynamic pricing - use beyond pricing get free trial
3. Ask for reviews on checkin how we can make it 5stars
4. Enable Instant book but have requirements favourable reviews and must be an Airbnb verified

[SirenaSpades]

Whoo-hoo! My new Airbnb is now live! It went live at midnight last night, and within 6 hours I had 5 bookings! Thank you so much, Richard, for your videos, they are really great!!

[favourazah]

Your videos have helped me reach over $200, 000 in stocks by age 23! Thanks STR University. Keep the videos coming. 👍🏽

[skoopqueen]

Investing in Airbnb properties has been a lucrative venture for me. It's like having your own mini-hotel empire that generates passive income month after month. By carefully selecting the right locations and providing top-notch hospitality, my Airbnb investments have consistently outperformed traditional real estate. I wasn't financially free until my 40s, and I'm still in my 40s. I've got 3 Airbnb's already, earn on a monthly basis through passive income, and achieved 3 out of 5 goals. Investing was the decision I made.

[UNROOTME]

We travel full-time using Airbnb and love it! One thing I think every Airbnb should offer is coffee. It's a simple thing to supply and really helps us, full-time travelers, out. We can't carry around a coffee pot after all. : )

[Wolfsheim]

I love Airbnb and recently I've been wanting to try out an experiment. I've often been fascinated by the idea of RVs and being able to tour around the US and visit anyplace I want and be very mobile. But then I thought why not use Airbnb to be just as mobile? If you have a good Airbnb location or your home is in a good location for Airbnbs. You can just put your own home on Airbnb when you want to be travelling and just lockup your personal items in a certain room or garage and lease out the rest. The income you make from leasing your airbnb you can use to stay in other Airbnbs all over the world. It's kinda a fast form of home swapping.

[thevaluemessage]

SO GLAD for this information to get me started... I made an impulse buy on a huge old house for $75K. I'm freaking out about a loan and every thing... but i think there is some real potential here.

[joshjosh]

Looking to set up an airbnb part time, in my part time house . This was definitely helpful and I did hit the This was definitely helpful and I did hit the like botton.

[franciehartsog]

You, Sir, are the reason we are taking a leapt!

[sterlthepearl]

"Success in life is the result of good judgment. Good judgment is usually the result of experience. And experience is usually the result of bad judgment." Tony Robbins

[lindapatrou]

well done, to the point with many informational tips thank you

[annleedyer]

Super! This was perfect. Straight forward, to the point, useful info.

[itsnanayaa]

Wonderful tips. Thank you for this video

[djjk]

The most helpful hint is VRBO is the way to go esp. With AIR BNB requiring you to do illegal activity.   Been Doing this 10 yrs now VRBO less of an issue,   Tenants are usually better and the customer service at least their.

[Guillermo-da-hit]

Richard, thanks for sharing your knowledge! I became super host during our first 3 months of operations. Thanks for the great advice and tips you are giving in your channel!

[davehartman]

Here's 1 thing I wish I knew: Airbnb does not care about hosts! I've been hosting since 2014 and anytime there is an issue with a guest where they break stuff or smoke in the house, Airbnb will tell the host there is nothing they can do. If the same thing happens with a guest from VRBO, it's gets resolved. They make sure we don't get screwed. Airbnb only cares about transaction fees which is why if you host on their platform, expect them not to have your back. VRBO on the other hand has been great. And this is based on 7 years of experience on both platforms.

[leetravathan]

This has been very helpful. I have one room almost ready and a second one in transition. Hubby and I are doing this to pad our retirement, so we are newbies to Airbnb. Thank you for helping out in our new venture to give great advice! ;-) Much appreciated.

[junedwayne]

Depending on one stream of income had never made any millionaire and earning check don't put you on forbes

[MrClockwrk]

If you have an Airbnb, and you’d like to put an arcade cabinet in it, I do a pretty nice build for Umbrella Arcades. Its a modern, wall-mounted unit with most of gaming history pre-installed. The cabinets are hand-made in PA using powder coated steel.

[cglendenning]

Fantastic content & presentation, Richard! Concise, clear and actionable.