It’s no secret that affordable housing is increasingly rare in Atlanta. But if you’ve got a home here, you should know that you can make extra money in Atlanta on Airbnb.
We’re going to walk you through some steps on how to earn extra money in Atlanta by renting your home on Airbnb.
You may not have thought about listing your home on Airbnb, but Atlanta is a prime market for the service. Here’s why:
- Atlanta has larger homes and properties compared with much of the nation
- The weather makes it a top travel destination for millions of visitors
- Atlanta has Hartsfield, the world’s busiest airport
- The city’s transit options — bus, rail, car, rideshare — make it highly accessible
With that said, people can make some real money renting their homes on Airbnb.
The average Airbnb host makes $924 a month off their home, according to Priceonomics.
Own A Home In Atlanta? Here’s How To Make Money On Airbnb
During the Super Bowl, some Atlanta homeowners reportedly renting their homes for as much as $7,000 a night — but that’s no longer the case.
Here is how you can make sure your home is rented:
- Price it in the middle: Don’t mark the rent up so high that you get no takers. If you’re just starting out, rent your home for half of the average in the area. Once you see how it goes, you can always raise the rent.
- Estimate operational costs: Like any business, renting your home on Airbnb costs money. Calculate things like the cleaning fee against the occupancy rate to see what makes sense.
- Add value: To rise above the competition, throw in some perks and extras that other guests can’t get, like fresh fruit on the kitchen island, or a bottle of wine or champagne in the fridge.
Before you list your home, please make sure that you reside in an area / neighborhood where new faces are welcome, guests feel safe and you are fairly certain your neighbors are OK.
There’s nothing worse than you renting out your home only to get a call from the cops hours later, saying that your neighbor reported a suspicious person on your property.
How To List Your Home On Airbnb:
When you log onto Airbnb.com, click on “Add a listing.”
Once you go through the prompts, you’ll choose whether this is a guest house or one where you “keep your personal belongings.”
You’ll also need to disclose whether you’re listing on behalf of a company or just yourself.
Under “Sleeping Arrangements,” add how many beds are in the bedroom(s) as well as if you have a sofa bed.
Once you add your address, you’ll need to confirm in on a Google Map embedded in the page. Next, list any amenities like Wi-Fi, heat, AC (yes, those are all amenities) so that guests know what to expect.
Next list all the “Spaces” that guests can use (pool, washing machine, dryer, etc.).
Upload pictures of your home then describe your place, neighborhood and surrounding features to really sell it to would-be guests.
Once you do that, you’re ready to press the button to list your home.
3 Things To Know About Renting Your Home On Airbnb
- Remember, all transactions should be handled by Airbnb. Do not accept cash payment outside of the online system, that’s how trouble and discrepancies can arise.
- Always draft some house rules: Let your guests know that this is not an anything-goes residence and that big parties are a no-no.
- Before you accept a guest, make sure they have great reviews. If you read their ratings on Airbnb, that will give you the greatest indication of what type of guest they are.
