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Airbnb Hosting Tips: TOP 5 THINGS I WISH I KNEW WHEN STARTING OUT!
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Hey guys! This is Richard, founder of
Short Term Rental Secrets .com. Today the
Top five things I wish I knew before I
got started on the Air B&B. I hope you
enjoy. Have a lower minimum night stay
requirement. When I got started I thought
it would be really difficult to have one
or two night minimums and I thought it
would be a pain and I didn't think that
people would book like the Monday
Tuesday night so I thought gee I'm going
to make this a little bit more
convenient and a little bit longer term
and that's going to help me fill up the
entire month if I have a five night
minimum I only need four or five guests
to fill up the entire month. But in
reality what I found is having a shorter
period of time and I typically use
two night minimums means that I have more
guests, more turnover, I have less concern
about those Tuesday, Wednesday periods
because believe it or not people want to
travel. So don't worry about the number
of night minimum unless you're in a
resort place and it's only weekends. But
if you're anywhere that has any sort of
business associated with it or
conferences or events and entertainment
worry not about the middle of the week
as much as you think you might. And what
I found is that's actually increased my
revenue tremendously. I know I've talked
about it a lot is to try dynamic pricing.
I happen to use Beyond Pricing. I think
it's fabulous and if you click up here
you can actually watch an interview that
I did with Ian the founder. But changing
your prices on a daily basis is really
important because there's things that
happen that affects supply and demand,
like if there was a big event happening
in your neck of the woods you wouldn't
necessarily know about it you might get
picked off and leave money on the table
but conversely if there's a big event in
your neighborhood and you can double or
triple your income for two or three
nights that might make your month so
using something like beyond pricing is
fantastic. You can go ahead and in the
comments section will put the affiliate
link where you can sign up for a free
trial we get a little bit of help it'll
help you I highly recommend it. Try
dynamic pricing it'll really make a big
difference for you. The third thing I
wish I knew is just how important
reviews are and how to get them so what
I've learned over time is to ask for
them - it's really easy. Just ask for them.
When I send a guest check-in
instructions at the very end I say: We
really care, we want to earn your 5-star
review, please let me know what we can do
to make
stay better and earn that review.
Likewise when they check out we send a
follow up that says you know we hope you
had a great time please take a moment to
leave us a five star review and just
being real subtle about like - five star
review - it sort of sets their
expectations that lets them know what
you're hoping for, lets them know what
you're striving for, so just ask for it.
What we've found is it really makes a
huge difference. People are more than
happy to do it they just need that
little bit of reminder and once you set
their expectations that you're looking
for a five-star review they actually
give it unless there's something that's
wrong. Now, five star reviews mean a lot
more money in your pocket because of an
SEO perspective. Airbnb is going to put
you up higher you're going to earn super
host status. So you really want that and
the best way to do it like anything else
in life is asked for it. Airbnb is more
than just a booking platform. In fact,
it's an entire ecosystem, it's a universe
of companies that have built their
entire businesses around servicing
Airbnb hosts and guests. Go to the Airbnb
site, check out the partner links. There's
all sorts of companies than services
that connect via API to your calendar
they know who's coming and who's going
and when. So whatever your headache is
whether it's check-in and key drop or
cleaning after they depart you name it -
it's there. The fifth and final tip I
wish I'd known when I started my
business is the importance of instant
book. Make sure that you accept instant
bookings. It will drive more revenue and
if you're concerned use the setting that
I use which limits people the ability to
book on instant book they have to be
Airbnb current guests and they also have
to have favorable reviews so if they've
used Airbnb in the past and other hosts
have rated them favorably that's good
enough for me I automate it. I scale and
it saves me so much back and forth and
waiting and the user experience is
better and I get better placement all
that translates into more revenue for me.
So I hope you found this video helpful.
If you did smash the like button down
here and go ahead and subscribe up here!
We're going to be filming more content
like this that is going to put more
revenue in your pocket. Tips, advice,
suggestions. Stay tuned. There's a lot
more coming. Thanks so very much and have a
great day!
