Use good furnishings and simple ideas to increase your rental value through AirBnB. If you own or have a property which you rent out and you haven’t already tried AirBnB, stop what you are doing and read on to learn how to increase your earnings. Maybe you have heard of AirBnB and are assessing – is it worth the extra turn over vs a long term renter? Your typical rental may seem like less work, but compared to AirBnB it returns far less of a reward. In reality AirBnB customers can be far better than normal renters. I am sure everyone has heard of tenant nightmares and how tenant rights are very strict in Vancouver and other major cities like New York. If you have a bad tenant who doesn’t pay their bills, eviction is not as simple as you may think. I have heard horror stories from friends, but that is not for here. AirBnB customers are peer rated, they pre-pay, and they also pay a premium.
If you find the right property you can have your AirBnB property rented out regularly and have a very significantly higher rental price. Tenants are respectable and trustworthy as proven through the AirBnB public reviews and reputation system, and they are willing to pay a premium.
AirBnB homes are looked at as an alternative to hotels in the same area. Guests want to save a few bucks, help out the locals and actually get a feel for what it is like to be a resident in this new city or area. That being said, AirBnB can attract prices that are very close to hotel rates, so if you can be booked up regularly you will be running a profitable business in no time and paying off your mortgage faster.
Since customers expect a hotel style stay, having the option for extra beds creates huge value. Remember a visitor to a new city is usually there for work or to see the city, so the location and a bed is what they are looking for. A zero bedroom convertible provides as much value to a single business man or a traveling couple as a one bedroom would.
Keep your place clean and simple, with a few space saving head turners like convertible tables. Full sized dining tables are used rarely, so a coffee table which expands into a dining table is all you need for both functions or alternatively a dining table which can compact against the wall to be used as a desk or console. This will free up room in your rental for your guests bags and let them stretch out a bit. Lastly a personal touch: attraction brochures, some tips for places to eat, things to do, and helpful local information make a big difference. Good luck renting and enjoy the extra income!
As a Toronto space saving furniture company, we carry a variety of other space saving furniture options loft packages, space saving sofas, modular sofas and sectionals, wall bed desks, lift storage beds, loft bed kits, space saving bunk beds, and much more!
Contact Expand Furniture today to find out more about us!
Written By:
2050 Scotia St #108
Vancouver, BC V5T-4T1, Canada
Office: 778-580-7818
Email: contact@ExpandFurniture.com
Website: http://ExpandFurniture.com
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