Renting Out Your House

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By Michael Wong | May 18, 2021.

1. Airbnb Host (Visit airbnbhost):

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.

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.