When Andrea Henderson, Broker Associate bought a 1929 Tudor in Washington Park with 2,600 square feet, she and her husband knew it was more space than they needed for the two of them so they thought “why not Airbnb our 1,300 sq ft downstairs?” It was a perfect space to share with traveling guests and make some extra income!
What are some of the pros of hosting your home on Airbnb?
We love hosting because we generate a lucrative amount of income with our rental and get to meet some amazing people. As our number of reviews has increased, we’ve been able to charge a higher nightly rate for our space. We average an 80-100% occupancy rate.
Depending on the space you have available for rent, you could earn a considerable amount of money each month to help pay your mortgage or even pay all of it! Consider it a house hack!
Secondly, we love hosting guests from all over the country. We’ve met some amazing people! Many of our guests come from the East Coast either to enjoy our city for the first time or to visit friends or family that already live here.
How did you prepare your home to share with Airbnb guests?
The finished downstairs of our home is finished with two bedrooms and is the perfect space to share. We wanted to offer a private experience so we hired a contractor to come to build a wall to separate the upstairs from the downstairs. This was the start of our Airbnb rental.
Is there a resource for making sure you are compliant with the city?
What’s the recipe for having a successful 5-star Airbnb?
“Guests love, want, and deserve to feel special. They want to have an experience that is unique yet feels like a little piece of home. Just like in my real estate business, I love to go above and beyond what guests would normally expect.”
What should a future Airbnb host look for when home shopping?
“A top priority should be to give your guests the experience of comfort and cleanliness. In a close second, guests love the ability to get to attractions easily.”
Can a Realtor help to determine if a home will work well for an Airbnb when looking for something to buy?
A Realtor with rich knowledge of a neighborhood/area would be a great asset in helping to choose a home perfect to use as an Airbnb rental. Someone who also has the foresight to create a comfortable space whether it means building a single wall to separate one floor from another for privacy or creating a separate entrance. You’d want to work with someone who can help you see the possibilities and help you bring your vision to life!
Any tips to make hosting more convenient for the homeowner?
What are some of the cons of becoming an Airbnb host?
Do you recommend any marketing tips for hosts?
What safety measures does Airbnb help homeowners with?
Buying Your Next Hostable Home!