What To Expect When Owning a Short Term Rental (AirBnB/VRBO)

Here are some things to expect when starting an Airbnb:

• Time commitment. Hosting on Airbnb can take a significant amount of time, especially in the beginning. You'll need to spend time cleaning your space, communicating with guests, and responding to inquiries. If you're not prepared to commit the time, Airbnb may not be the right fit for you.
• Unexpected expenses. There are a number of unexpected expenses that can come up when hosting on Airbnb. These can include cleaning fees, damage repairs, and taxes. It's important to factor these expenses into your budget before you start hosting.
• Guests from all walks of life. As an Airbnb host, you'll be welcoming guests from all walks of life into your home. This can be a rewarding experience, but it can also be challenging. It's important to be prepared for guests with different needs and expectations.
• The need for flexibility. Your Airbnb availability will be dictated by the demand in your area. This means that you may need to be flexible with your schedule and be willing to cancel or change bookings at the last minute.
• The potential for problems. There is always the potential for problems when you're hosting guests in your home. These problems can range from minor inconveniences to major disasters. It's important to be prepared for problems and to have a plan for how to deal with them.

Despite the potential challenges, hosting on Airbnb can be a rewarding experience. You can make money, meet new people, and learn about different cultures. If you're considering starting an Airbnb, be sure to do your research and be prepared for the challenges.

Here are some additional tips for starting an Airbnb:

• Choose the right location. The location of your Airbnb is important. You'll want to choose a location that is in high demand and that has a lot to offer guests.
• Set the right price. Your price should be competitive with other Airbnb listings in your area. You'll also want to consider the time of year and the demand for your space when setting your price.
• Provide excellent customer service. This is essential for getting good reviews and attracting repeat guests. Be responsive to guests' inquiries, provide them with accurate information, and go above and beyond to make their stay enjoyable.
• Be prepared to handle problems. As mentioned above, there is always the potential for problems when you're hosting guests in your home. Be prepared to handle these problems calmly and professionally.