Becoming an Airbnb host is a great way to generate some extra income for that spare bedroom in your home or for the whole space when you are off visiting family and friends over holiday break. Before you take pictures of your home, set a price and post on the Airbnb site, you need to make sure your home is ready to be rented out short term by complete strangers.
Is it Legal to Rent Out Your Space?
Many Airbnb hosts, eager to keep up with rent payments while visiting friends states away, are unaware that it may be illegal to rent out their space for a day or two. Whether you rent an apartment or own a home, you need to check out the laws in your city or your rental agreement. Even if your landlord is never around and you’re only renting out your place for a night or two, you could be violating your lease and you could return home from your own trip with an eviction notice. Know all of the legalities before you decide to host, it’s not worth the risk.
Get Your Home Ready as an Airbnb Host
If you’re given the “go ahead” to be an Airbnb host, congratulations, but you will need to do a little prep work before you rent your space for your own safety and the safety and comfort of your potential renters.
- Keep it Clean: If you have the extra funds to hire a professional cleaner, go ahead and splurge, otherwise clean your space as you see fit. The cleaner the space, the better ratings you’re likely to get. Additionally, if you don’t take the time to clean, you really can’t expect much in return from your renters. If your home is prone to dust, animal dander, or even mold, you should definitely mention something in your description.
- Fix Up Your Space: Just as you would with a long term renter or guest, you’d make sure to fix any hazardous areas in your home, such as a loose railing, broken step, or unsafe electrical. In the event of a guest injury in your home, Airbnb offers insurance, but you also want to talk to your insurance provider and make sure what’s covered.
- Communicate Everything: If, for some reason, something breaks right before a renter is due, make sure you communicate any potential dangers. A responsible and successful Airbnb host communicates everything. You should make all directions and expectations completely clear, as well as the inventory or space that is available. This can be something as simple as how to use the coffeepot or television remote to using the washing machine. Don’t leave any surprises for your guests or advertise that you provide one thing when you don’t have it.
- Keep Your Valuables Safe: Whether you’re a regular host or an every-now-and-then, it’s important to keep your valuables safe from the strangers who live among your possessions. If you have an extra room, you could store important documents or heirlooms in the room and restrict access. A fireproof safe, with a combination lock or key, is also a good idea. If you are too worried about having your stuff looked at or handled, you probably should reconsider becoming an Airbnb host.