3 Important Things To Consider Before Listing Your Home on Airbnb

Airbnb has become an attractive way for homeowners to make income from their property. Although Airbnb’s is known for its reputable insurance policy, there are a few things you should consider before listing your home online.

Time Commitment

People have a tendency to think more about what they can gain from hosting on Airbnb than what hosting will do to their life. Having a steady stream of guests is quite a time-consuming endeavor; you’ll have to respond to inquiries online, clean your guest’s space and do laundry after every booking, and make sure your home is constantly neat and tidy.

This may seem like a small to-do list, but if you have a new guest every 3-4 days that could add up to 10 extra loads of laundry per month. Yikes!

As a host, you will also need to be present to check guests in and out of your home, which means you’ll need to book time off from your other commitments to properly welcome your guests and fulfill your hosting requirements. Hosting on Airbnb is just like having a real B&B, it is a business and requires time as such.

Risky Business

Needless to say, allowing strangers to stay in your home comes with inherent risk. Although Airbnb has insurance to protect its hosts and their homes, hosts are still vulnerable to theft or property damage. This can be especially devastating if sentimental items, such a wedding rings or family heirlooms, are stolen by a guest.

Another risk for Airbnb hosts to be aware of is squatting scams. Some scammers have taken advantage of the fact that when a guest stays in a home for longer than 30 days, they may gain squatting rights to the property, making it difficult for their host to force them to leave.

To avoid this situation, do not accept bookings that are longer than 30 days, and/or be very clear in your communication to guests that they are only allowed to stay at your property until the agreed upon departure date, and explicitly state that they must vacate your home after that time.

Be Realistic

It is unlikely that listing your home on Airbnb will provide you with enough financial freedom to quit your job and travel the world, though it may provide you with extra funds to contribute towards your mortgage payments. Be realistic about your expected hosting income, and don’t make any major financial changes based on your expectations until you have experience as a host and can accurately predict your monthly Airbnb profit.

Are you ready to find an ideal income property for Airbnb guests? Give me a call today – J.P. Cook – 602-320-4253!

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1993 E Georgia Ruth Lane San Tan Valley, AZ 85140

$453,990

4 Beds

3 Baths

2,435 SqFt

Status Active

MLS # 6678708

Property Type Single Family Residence

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New Construction!! Nestled perfectly in the sought after city of San Tan Valley. Adorable 4 bedroom 3 bathroom home with a 2 car garage plus storage. Our Ashton Woods Artisan Collection, spacious owner's suite, stainless steel appliances, granite kitchen countertops and shaker style cabinets makes this a place to call home. Conveniently located off of Combs Rd and Schnepf Rd. As with all of our homes, this one is also constructed as ''Energy Star'' for remarkable comfort, energy efficiency and environmental sustainability!

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3180 W Juniper Canyon Drive Phoenix, AZ 85083

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$453,990

3 Beds

2 Baths

1,232 SqFt

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MLS # 6692863

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Below Market Financing Available!!!!!!!!!! This single-level home showcases a spacious open floorplan where the Great Room, kitchen and dining room share a footprint that helps maximize the low-maintenance interior. Three bedrooms provide comfort and privacy for household members and overnight guests. Among those bedrooms is the luxurious owner's suite, which features a restful bedroom, en-suite bathroom and a walk-in closet. Photos are renderings of a model home, not the actual home.

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2245 E Flower -- Phoenix, AZ 85016

$453,900

3 Beds

1 Bath

1,511 SqFt

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MLS # 6664508

Property Type Single Family Residence

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ANOTHER GREAT CORNER LOT PROPERTY THAS IS BEEN REMODEL WITH NEW PAINT EXTERIOR AND INTERIOR!!!!NEW TILE FLOORS THROUGH OUT,NEW KITCHEN CABINETRIES,NEW COUNTER TOPES,CEILING FANS AND MORE. COENER LOT WITH RV GATE AND POSSIBILITY TO BUILT A GUEST HOUSE

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17382 W El Caminito Drive Waddell, AZ 85355

$453,870

3 Beds

3 Baths

2,040 SqFt

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MLS # 6649053

Property Type Single Family Residence

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Single Story, 2-Car Garage, 3 BR, Den w/Double Doors and Tile, 3 Bath, 36'' Skylar Shale Cabinets, White Ice Quartz Countertops, Under Cabinet LED Kitchen Lighting, 6 x36 Oceanside Cottage Tile Flooring, Bit of Gray Carpeting, Faded Grey Interior Paint, SS Gas Range Double Oven Slide-In Appliance Package, ,Holiday Pkg, Laundry Room Cabinets with Sink, Soft Water Pre-Plumb, Gas Stub for future BBQ, Ext Color Scheme #7

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