Real Estate Investor Magazine South Africa October 2015 | Page 19

COVER STORY Using Airbnb to Host and Stay Where Airbnb differs from traditional rentals is that the renter is not simply leasing four walls and a roof, but selling an experience. Airbnb hosting is service sector hospitality, closer to that of a hotel concierge where the host doesn’t just provide the room but offers advice on activities, provide directions to landmarks and answer questions about the weather. As such Airbnb hosts compete on greater customer service, relying on the feedback of the guests in promoting their accommodation. As there is no clear ‘model’ for the Airbnb experience, one common theme among hosts is that it’s important to set expectations upfront. While Airbnb itself provides detailed guides to guest and host etiquette, both parties can sometimes find themselves at odds due to differing expectations. In many cases guests are comfortable with a more informal setting, while others expect the same service they’d get at a 5-star hotel. It is important for guest to understand that they are not booking into a hotel, they are in fact staying at someone’s home, meaning there is no daily maintenance crew to clean up and there is no 24 hour service on call. The concept of being in someone’s home is the plus of Airbnb, and the service is not an alternative to staying in a hotel. Hosts are given the opportunity to reject a request, if the timing is inconvenient, the guest request is rude or abrupt or if the host and guest are not a good fit. A typical listing provides the standard number of items you would find at a hotel, which includes: • Ironing board • Coffee maker • Hairdryer • Full-length mirror • A few clean towels One harsh reality of monetising a private property is that it becomes open to public criticism. Which is why both guests and host need to have a clear understanding of what is being offered, to avoid any negative feedback and hurt feelings. www.reimag.co.za TACTICAL TIPS FOR AIRBNB HOSTS • Leave tourist guides such as local restaurant listings etc out for guests to read. • Leave a welcome guide / FAQ list out for guests (which includes things like the WiFi password, and house rules, or says things like, “The light switch to the bedroom is behind the door.”) • Set expectations clearly, especially around check-in procedures to avoid situations like late check-ins or outs (as often guests assume it’s okay to show up at anytime, as if you’re going to be there 24/7). As people are used to showing up to a hotel at anytime, so some people project that same expectation onto their Airbnb host. Be clear about what time is appropriate for check-in, and include this in your welcome email. • Create a list of “fun stuff to do” if they arrive early (before check-in time) — recommended restaurants, cafes, coffee shops, parks, etc. Include this in the welcome email. • Write the directions to the house in the welcome email, as well as the best way to reach the destination, whether by public transport or with a rental car; don’t just tell them to GPS the address. OCTOBER 2015 SA Real Estate Investor 17