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Giigs.us > Make Money > Renting Out Your House
By Michael Wong | January 3, 2022.
- Make money renting out a shared room, private room, or an entire property as an Airbnb Host on their online accommodation rental marketplace.
- Benefits:
- List your spaces for free.
- You may charge a cleaning fee.
- You keep 97% of the booking fee.
- Earnings paid 24-hours after guests check in, by PayPal, direct deposit into your bank account, international money wire, Payoneer, or Western Union.
- Invite friends with a $50 Airbnb credit, by email, or share your referral code on Facebook or Twitter, and earn $25 in Travel Credits when they travel, and $100 in credits when they host ($5,000 max).
- Insurance provided by Airbnb:
- $1 million Host Guarantee protects your property and your stuff from accidental damage.
- $1 million Host Protection insurance provides primary liability coverage in the event of third party claims of bodily injury or property damage.
- You have full control over the availability, prices (nightly, weekly, and/or monthly rates), check-in and check-out times, and house rules.
- Smart Pricing tool can help you set your prices automatically.
- 24/7 email & phone support in 11 languages.
- Webinars, online forums, and local host meet-ups.
- Secure messaging with guests.
- Free smoke and carbon monoxide detector for your property.
- Guest screening:
- Full name.
- Date of birth.
- Photo.
- Verify their phone and email.
- Payment information.
- You may ask potential guests to provide an official ID and complete Airbnb's Verified ID process.
- Learn from other hosts' experiences with a guest with host reviews.
- Background check.
- Screen guests against regulatory, terrorist, and sanctions watch lists.
- Requirements:
- Maintain a high response rate by replying to booking enquiries and reservation requests within 24 hours.
- Accept reservation requests when the property is available.
- Avoid cancelling confirmed bookings, unless there are extenuating circumstances, or you face penalties, including financial penalties.
- Make sure your space is clean before the next guest arrives.
- Handoff keys to guests in person, or send them a door entry code for self check-in.
- Provide toilet paper, soap, linens/sheets, and at least one towel and one pillow per booked guest.
- Be proactive in your communication with guests.
- Functioning smoke alarm and carbon monoxide detector.
- Clearly marked fire escape route.
- Make sure your property is safe for children, or notify guests of potential hazards.
- Make a first aid kit available.
- Property meets government safety guidelines for your area.
- Disclose whether there are security cameras or other surveillance equipment at or around your listing.
- Maintain a high overall rating.
- Make sure your homeowners or renters insurance policy has adequate coverage.
- Mobile app ratings:
- Android: 4.4 (270,000+ reviews / 10 million+ downloads)
- iOS: 4.7 (12,000+ ratings)
- Stats:
- 300 million+ guest arrivals all-time.
- 4.5 million+ listings worldwide.
- 19 offices globally.
- Funding: $4.4 billion (http://c1ick.us/airbnb-crb)
- Employees: 1,001+ (est. 2008) (http://c1ick.us/airbnb-lkd)
- Minimum age: 18+
- Countries: USA, worldwide.
- Free to join: Yes