Oh, my gosh. There is so much information out there that it is just confusing. So,
I'm going to break it down for you and answer this question of what you need to
know about hosting on Airbnb. There's lots of information out there. I'm going to
tell you just the important stuff. Let's go.
Welcome back. There are too many questions about what is needed to know
about Airbnb. But there are only a few things that you really need to know. And
I'm going to break it down for you. I'm going to let you know what you need to know
so that you can be an Airbnb millionaire. I'm going to tell you what you need to do
to become an Airbnb millionaire by listing your properties the correct way
and what not to do. And I'm going to give you some great secrets and tips and some
resources that you can use again to make sure that you know what you need to do
to become an Airbnb millionaire. The number one thing that you need to know
about hosting on Airbnb is that Airbnb is the number one home sharing platform
on the internet. It is growing faster than every other platform. And the
company is very very valuable and making a ton of money. And so, just knowing that
about Airbnb is going to set you apart because Airbnb as a company is really
not that old and yet they are worth more than some really big brands like Hilton
and Marriott. They are competing with these large hotel chains that have
thousands of properties. Yet, Airbnb owns none. What you need to know about Airbnb
is that it is just a platform. They do not own any properties. They do not
manage any guest. They do not help you make money on Airbnb. It is a platform
that allows people to list their properties for free and for people to go
and find properties that are not hotels where they can rent a house or an entire
room and they can pay a lower price than they probably would pay at a hotel. So,
the Airbnb model is a home-sharing model that is changing the face of how we
travel, how we vacation and how we work in different places. The second thing
that you need to know about Airbnb and being a host on Airbnb is that Airbnb is
one of the most profitable companies out there. They make a ton of money
collecting a very small percentage of the money that you would get as the
hosts. So, if you're charging $100 per night, (we're just using round numbers)
Airbnb is going to take 3%. I've made an entire video on
how Airbnb gets paid. There's a link to it here please watch the whole video so
you can understand how they get paid and how you get paid. But please know that
Airbnb just takes a small percentage of what the guest pays so they are very
profitable. This company has been valued at I think 65 billion dollars the last
time I checked. Which is crazy. That is more than Hilton. Which that company is
over 100 years old. So, please know that Airbnb is not going anywhere.
The platform is growing. And if you are not in this model, you need to start
learning and this is the opportunity for you. Number 3, Airbnb rewards you for
being good, okay? I love Airbnb. I love hosting on Airbnb
because I am good at what I do. And Airbnb reward you for being good at
what you do. Because Airbnb is trying to attract as many travelers and
vacationers as they possibly can so that they can wipe out hotels, I guess, they
love people that give hotel-like experiences. Because that's what people
really want. They want a place that they can spread out, that they can cook and
clean and wash their clothes and be more comfortable in. But they also want a good
experience. They want a clean place. They want a safe place they want a
comfortable place. And if you are a host that is delivering that, Airbnb will
reward you with their algorithm. They have an algorithm that decides what
properties people see. And the better you are at giving out great experiences,
5-star experiences, the higher they rank you and the more they show your property.
They show it more often and they show it to more people. So, you are rewarded for
being good. So, of course, they also penalize you for being bad at being a
host. If you are a host on the Airbnb platform and you do not deliver great
experiences and people complain about you or you cancel reservations and ruin
people's trips, then you will be penalized in 2 ways. One of the ways of
course is they will show your property less or not at all. Or they may take your
listing all together if you continually cancel.
Because you're ruining people's trips. If someone thinks that they're getting this
beautiful home or this beautiful apartment, they think that they've booked
it and they are ready to go. So, if you as a host cancel those bookings, Airbnb is
going to penalize you for that. Now, if there's these things that happened,
there's sometimes emergencies where the property isn't available,
they won't penalize you if you do it just one time. But if you are a host that
is delivering bad experiences and canceling reservations, you are going to
lose your opportunity as a host. Additionally, if you are a long-term host
and you start cancelling your reservations, Airbnb is going to penalize
you monetarily. They have penalties. Literal penalties where they take money
from you. So, I told you... Again, a whole video on it. I'll put a link here on how
they pay you. But if you cancel reservations and you cancel a
reservation but you have another reservation, they're going to take their
cancellation feet from your next reservation. You will be penalized for
being a bad host. The number 5 thing you need to know about Airbnb is that
Airbnb has insurance. In fact, they have a policy that covers home owners, hosts,
properties for up to 1 million dollars. Its advertised all on their website. This
is no secret that I'm giving you. But I will tell you many people don't know
that. Many people are afraid of putting their property on Airbnb. They're like, "Oh,
my gosh. What if someone comes and destroys all my stuff? What if they put
mayonnaise in my bed?" Well, Airbnb has a solution for that." They have insurance
and you can file a claim. So, you can feel more secure, more protected in listing
your property. Because Airbnb has you covered. And last but not least, I'll say
it again, Airbnb is a platform. So, it's a platform for people to search but it's a
platform for you as a host to use. So, you want to use that platform to communicate
to your guests. You never ever want to communicate with
the guests, via text message or email or any other platform other than the
Airbnb platform. Because I give you this great platform, you should use it.
This way, you're protected and you're covered in that last one that I gave you
with the insurance. If you communicate with your guests on the platform and all
of your communication is documented on the Airbnb platform, then you can go to
Airbnb support and you have records of what you said, what the communication was.
And Airbnb gives this to you as a host, as a tool and it's a wonderful tool. Not
just for the communication but also to manage your listings, to manage your
calendar. But so important to manage that communication. You want to communicate
through the Airbnb platform and only through the Airbnb platform. And this is
so important. They don't tell you that. They literally give you the phone number
in the email address of the guest, of the host you guys could totally communicate
with each other how you chose. But I promise you, you don't want to do that.
You only want to use that communication method --texting someone directly or
emailing them directly if you absolutely have to. Because the best thing to do is
to communicate on the Airbnb messenger so that you have a record of everything
that you said and so you can be covered. Okay, I spilled all the beans in this one
here. So, I actually have a really cool surprise for you, guys.
It's in the link below. I have my Airbnb success blueprint available for you. It's
for free. It's going to give you a step by step of what to do and how to do it to
get started and be successful in Airbnb. Go ahead. Click below get that blueprint
so that you can get started for free. Talk to you next time.