RENTAL INSIGHTS
accept same day bookings until very late in the evening . This strategy is not for everyone as it requires more work , but there are definitely fewer listings on the market that offer this which makes it easier to obtain bookings .
• Research articles on how to optimise the listing score on Airbnb . Some examples would include encouraging guests to leave reviews , lightningfast response times whenever a guest sends an enquiry or message , making changes to the listing description or photos , and never cancelling a booking unless absolutely necessary .
Considerations
Those who are new to the game often underestimate what it takes to operate a competitive short-term rental .. There are a number of aspects to running an Airbnb that require hosts to be available 24 hours a day , seven days a week , and on any day of the year . Guests locking themselves out at 2am , a burst geyser on a Sunday or a guest checking in after midnight are all commonplace . Moreover , skills like accurate property pricing , revenue management , optimising listings on non-Airbnb platforms as well as securing payment from these platforms are all essential for being a successful host , but not everyone is equipped with these and might not have the time to learn them .
“ Many rental management companies lure property owners in with a low commission but then either deliver a sub-par service or charge extra for everything else .”
104 NOV 2022 SA Real Estate Investor Magazine