How To Host With Airbnb

An Airbnb ‘Host’ is someone who lets out a room, multiple rooms, or their entire property via the Airbnb website. Guests are the people who ‘rent’ Airbnb properties from hosts, usually for a short stay.

Airbnb works by letting guests request reservations. Hosts can accept or decline any request. However, they must do so within 24 hours.

Here is a snapshot of the pros and cons to Airbnb hosting:

Pros:
It is a great way to make extra income in a flexible yet controlled manner.
You may meet interesting people even if you are only renting a part of your house.
Individuals who live alone may feel more secure sharing their living space.
Airbnb hosting provides several tax advantages and revenue streams.
Cons:
Your insurance company must be notified. Which may increase your premium.
There are less guarantees of consistent revenue compared to a traditional landlord.
Unforeseen circumstances are yours to sort out.
Hosting can be hard work if you don’t know what you are doing.
How to Become an Airbnb Host? Quick Checklist
First, decide what you want to offer. Are you looking to let your entire property while you are on holiday or abroad? Do you want to rent out an area of the house but not all of it? Do you want to rent a spare bedroom while you are at home? The choices are many and you can choose based on your personal situation.
Second, take photographs of any room or premises you want to advertise. Make sure to clean-up and dress every room before you advertise it.
Determine the prices and dates that you will offer, and whether breakfast is something you would like to offer too (it is often a good selling point).
Consider whether you need separate towels or if you prefer to use your own. A fresh look can help you charge more, even though buying new is more expensive upfront.
Create ‘House Rules’. This is your home! Provide clear rules on check-in and checkout times, smoking, pets, additional guests allowed, removing shoes indoors, etc.
Inform your insurance provider that you are interested in hosting with Airbnb. This could increase your premium, or they may not be able to provide the cover you need. Please contact Frontier if either is the case, we can help.
These tips will help you prepare to host your house on Airbnb. You can also find lots of additional advice on the Airbnb website about how to host with Airbnb and how to get started.

Is Hosting on Airbnb Safe?
As an Airbnb host there are two key aspects to safety. The first is your personal safety as a host. How can you reduce the possibility that your guests will be aggressive, or worse get physical? The second is how can you ensure your property remains as it was before your guests arrived, i.e., not damaged, or missing stolen items?

Don't feel obliged to accept every guest who requests to book. You can decline any booking if you are uncomfortable with anything.
Review testimonials of potential guests. Are they getting positive reviews? Are they in line with your offerings or do they "not feel quite right"?
Make sure you are clear on house rules, especially if you won’t be present when they are in website your property.
Store valuables in a safe, secure cupboard or room when you are away from the house. You might consider installing smart locks to ensure that guests are not able to access your property after their stay ends.
Keep all communication with your guests via Airbnb. The only exception is speaking with them before you confirm their booking to ensure they are who they say they are.
The information provided on this blog is for informational purposes only and is not intended to provide legal, financial or professional advice. The views expressed on this blog are those of the authors and do not necessarily reflect the views of the insurance company.

Airbnb Host Guarantee
At Frontier, providing the property has a Certificate of Structural Adequacy, we can provide subsidence cover as standard. And you get to choose the excess that applies rather than having one imposed on you.

Why Frontier for Airbnb Host Insurance?
Get Peace of Mind with Frontier
Airbnb hosting can be lucrative, but it’s not without potential risks. Without the right Airbnb host insurance, you could incur serious expenses, especially if you aren’t able to repair your property in time for incoming guests. You could also incur significant legal liability and hassle if something went wrong. Frontier understands these risks and offers one of the most comprehensive ranges of Airbnb insurance for homeowners.

Airbnb Host Insurance Designed for You
At Frontier we’ve built the most flexible Airbnb host insurance on the market today. Specially designed for hosts and owners. Offering one product, Frontier allows you to design your own cover that you can adjust and manage over time. As a host you can add and integrate host insurance to your home policy. In addition to normal insurance, we cover you for anything above the deposit amount you retain – or your chosen excess – for any damage caused. We’ll also reduce your excess if it’s higher than your deposit.

With 24-hour access, you can quote online, for an instant price based on your need and circumstance. Our policies can cover buildings, contents and personal possessions and a variety of exceptional items.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Comments on “How To Host With Airbnb”

Leave a Reply

Gravatar