How to make money on Airbnb in 2023?

NEW YORK - May 5, 2023 - PRLog -- Here you can not only rent private housing, but also make good money in various ways. User reviews show that this is how you can earn money for educating children and even for retirement.

How it works on Airbnb

Work begins with registration on the site. There is no charge for it. If you want to earn money by renting out your property, you need to:

1. Decide what to rent: a room, an apartment, a house, etc.
2. How to rent: the entire property or only part of it.
3. To whom to take (number of people: from 1 to 16).

The landlord (owner of the accommodation) publishes his/her advertisement for the rental of housing on the website free of charge and waits for the booking. Airbnb will charge the guest (tenant) immediately upon receipt of the booking. After the guest checks in, 24 hours must pass. If everything goes well, after this time, Airbnb sends the debited money to the host.

Note! Airbnb withholds a commission from hosts - 3-5% from each booking.

General tips for work:

1. Fill out your profile as completely as possible, pass verification.
2. The owner sets the rental price himself. It is better to focus on the prices available on the site. You can use a tool that adjusts the price depending on demand ("Smart Pricing").
3. On Airbnb, you can order free professional photography of your property. The result is high-quality photos with a special "Airbnb Verified Photo" status.
4. The host can set any rules for guests, as well as the amount of the deposit for violation of them, for example, for damage to property.

Note! Airbnb is considering requests from hosts for damages caused by a guest up to $1,000,000. under the Home Protection Program ("Airbnb Host Guarantee").

Who can earn money in this program

Any person who has something to rent can become the owner. If, in the area where he lives, no one works with Airbnb, he can be the first to rent out a place here and get paid for it. Platform requirements for hosts:

1. Be always in touch and quickly answer questions from guests.
2. At every opportunity to accept applications for reservations.
3. Avoid cancellations.
4. Strive to obtain and maintain a high rating, as it confirms the quality of services.

Each host's data is displayed in "Performance". If the host's results are consistently below average, this is a poor indicator and may portend fines. For example, at https://www.hostyapp.com/how-to-start-making-money-on-airbnb-without-owning-property/ you can see the best ways to start making money on Airbnb without owning real estate.