So you’ve turned your investment property into an Airbnb. You’ve decorated it perfectly. You’ve been getting great reviews. Bookings are flowing in. What next?
How about walking away from it…?
Most Airbnb hosts set up their vacation rentals as a way of earning a passive income and generating more financial freedom for themselves but often they forget to enjoy the benefits of their hard work. It can be easy to get bogged down in check-ins and check-outs, managing communication with guests and cleaning up after them.
What if you could set up your Airbnb so that it was constantly depositing money into your bank account without chewing up your precious time and preventing you from doing the things you want to do in life? We believe that it’s possible and we’re going to tell you how.Your Airbnb looks great and bookings are flowing in. What next? How about walking away from it...? Click To Tweet
There are a number of reasons why you might be thinking about becoming a hands-off host. Maybe you’re setting off on a long trip and want to sublet your apartment while you’re gone. Maybe you’re a business traveller who flies interstate every month for work and would like to make money from your place while you’re out of town. Or maybe you bought an investment property with the sole purpose of turning it into a vacation rental in order to earn extra income for yourself.
Technology is your friend
If you haven’t already embraced technology in your home – it’s time. There are many ways you can make life easier for yourself and your guests by using technology. For example, how much time do you spend waiting for travellers to arrive in order to hand over the keys? Instead – install an electronic lock which is based on a passcode rather than a key. Or, install a lockbox and leave the keys inside so that they are easily accessible for new guests without someone physically having to be at the property.
Many hosts are now using technology to regulate the heating and air conditioning in their rental properties. Known as a WIFI or wireless thermostat, this automated device allows you to monitor and control the ventilation systems in your home – no matter where you are in the world. The best wireless thermostats contain sensors that automatically control the room temperature. This can be a huge benefit in terms of saving money on your electricity bills and ensuring guests are using the air-conditioning/heating in a responsible fashion during their stay.
Automate your Airbnb communication
You may not have figured it out yet but being a full-time Airbnb host requires countless hours of screen time – answering questions, providing information and writing reviews. To save yourself from writing out the same thing again and again for new guests, try to automate as many of your emails as possible with standard responses and welcome messages. Here are a few things you could consider creating automated responses for:
- Booking inquiry
- Request to book message
- Booking confirmation
- Check-in information (including House Manual)
- Post check-in message
- Pre check-out message
- Post check-out message
- Review reminder
- Discount offers
Ask for help
We live in an age where it has become easy to outsource jobs – whether it’s finding a cleaner through sites like TaskRabbit or a virtual office assistant through Upwork. These kinds of websites can take the pressure off you as a host.
There’s also the option of engaging with a company that specialises in managing vacation rentals like GuestReady – allowing you to enjoy all the benefits of being a hands-off host without any of the stress and hassles of being involved in the day to day running of your Airbnb. This option also brings in a slew of other benefits, such as:
- Safe and reliable house cleaning by vetted cleaners.
- Increased rental income thanks to dynamic pricing strategies
- Professional marketing help to optimise your property’s performance on vacation rental platforms.
The benefits of being a hands-off host
If you’re tired of your desk job and you’re seeking more freedom – setting up a an Airbnb that earns you a passive income is the way to move forward. How do you get started? Check out our blog with helpful tips about setting up a successful Airbnb business.
Many hosts use their passive income to support their own travel adventures or to subsidize their life as a digital nomad. By setting up your Airbnb to run itself, you can have the flexibility to work anywhere in the world.
It also frees up time to pursue hobbies and interests; to spend time with people you love; and, if you’re so inclined, to do more good in the world. We have more benefits listed here.
Not convinced? Why not learn from a Superhost about the joys of running a successful Airbnb.