Real Estate-Airbnb

This category relates to topics regarding Airbnb.

SheReadyLLC

Airbnb Hosting

From September 2018-March 2019, I was an Airbnb Host. I rented out a room in my home that I lived in.

Did I like it? YES and NO

I didn’t like it because I was booked 3 out of 4 weeks every month and it was exhausting. It was exhausting because I failed to create a system that would allow me to take breaks in between guests. Doing laundry almost daily was no fun for me and having guests book who weren’t tech savvy was a struggle for real. I get it! Everyone isn’t up to date on smart locks, thermostats and Google Assistants.

On the positive side, I enjoyed it because I met people from all walks of life including a Doctor, a PGA Golf Director, an Insurance Adjusters and other nice people.

Would I do it again? YES!

If the opportunity should arrive again, I would do things differently. Here is what I would do.

  • I would want to have a small apartment or tiny home for the guests away from my personal domain.
  • I would create a dedicated schedule that worked for me.
  • I would hire a Co-host to assist with check-ins and cleaning.

Being an Airbnb host was just one of the many things, I plan to try on my real estate journey. Some things I’m sure I will be great at and others not so great and that’s okay with me.

SheReadyLLC

My beginning steps into Real Estate Investing

A note and a nice tip from one of my Airbnb Guest

My first real estate experience was being an Airbnb Host. I thought it was a great way to make a little extra cash. After researching and reading about the many regulations and rules by the state of Florida and Palm Beach county on top of managing the Airbnb itself, I gave it a try. After all, I was only renting the extra bedroom in my primary residence.

I filed all the paperwork and received licenses required and I went on the Airbnb website to setup an account. I added pictures to showcase the room, set the schedule and pricing and the Do’s and Don’ts. At first, I set the price low just to see how many inquires I would get. After about a week, I received inquires from the first guest I would accept. After a few guests, I started getting the hang of it.

About 4 months into hosting, I was getting worn out. Between washing the sheets every few days and the cleaning, having guests that didn’t read the Do’s and Don’ts, and guests coming in and out at crazy times of the night, I decided that this may not be for me. So after 6 months, I had my last guests. The overall experience was great. I met some really great people and earned a little bit of money. I would definitely recommend becoming an Airbnb Host to anyone who has the space and looking to make some extra money. I would just caution them to make sure they are comfortable with hosting at their primary residence.