Setting up an Airbnb consists of these main steps:
- Check Local Laws – Ensure that the State, County, and City your property is in permits short-term rentals, and if they do, learn about the legal requirements.
- Check Your Zoning – Often zoning alone prohibits the rental of properties for stays of less than 30 days (almost all AirBnB stays are less than 30 days).
- Comply With Regulations – If you are in a zone that permits short-term rentals, find out if you need to have ADA compliance, hard-wired smoke detectors, or any other physical changes to the property.
- Get Permits & Pay Taxes – It’s often required to have State, County, and City permits and remit transient use taxes in areas that do permit short-term rentals.
- Furnish & Decorate the Property – Furnish the property as if someone could move in just by bringing clothes & a toothbrush. You’ll get higher rates and occupancy if your place is trendier and more photographable. People are making booking selections mainly based on the images you place in the listing.
- Linens – Buy high quality linens (we recommend 3-Par, or 3 sets of linen per bed), and towels. Don’t cut corners here! High-quality linens and towels make for happy guests.
- Stock the Property – Stock the property with linens on beds with beds made, towels (we recommend 1.5 towels per person per stay), and any soap, shampoo, coffee/tea, etc. that you might provide guests.
- List the Property – We recommend using AirDNA, Wheelhouse.com, Beyond Pricing, or a similar algorithmic pricing tool to dynamically price your property. We also recommend listing on as many channels as you can manage. A good start would be Airbnb, Homeaway/VRBO, Expedia.com, & Booking.com. There are channel management software options like Guesty and Lodgify that help manage multiple channels for a fee.