Airbnb is the number one platform on the internet for home sharing. And so many
people are making so much money. But when do you get your money? That's what the
question is. If I'm a host and I put my property on Airbnb, when do I get paid?
That's when we're going to talk about on this video. I'm going to give you all the
steps and give you a secret way to get your money faster.
Let's go.
Hi there. So, let's dive in. In this video, I'm going to teach you how to organize your
Airbnb payout so that you can get paid. I'm going to tell you how to set it up so
that you get paid effectively and efficiently and legally. And then lastly,
I'm going to tell you a secret bonus way on how to get even more money just for
doing Airbnb. So, let's dive in on when you get paid by Airbnb for your
bookings. As an Airbnb host, when people book your properties, a guest books your
property and pays to stay there, you want to know when do you get paid. And the key
to this is organizing your listing the proper way, okay? So, I'm going to give you
some key ways on how to organize your listing the proper way so that you can
get paid quickly. So, let's talk about it. When you are in the Airbnb as a host, you
want to make sure that you have your pay outs, okay? So, this is how you get money.
So, each time someone books your property whether it be for one night, 10 nights or
100 nights, Airbnb sends you the money that they have collected from the
guests. Those monies that you receive are called
your pay outs. And I love Airbnb because they have a whole section that keeps
track of all your payouts. You can see all the transactions. You can even see
future transactions so you can plan your business. It's amazing. But the key to it
is organize your payouts in a way so that you can get paid quickly, you want
to make sure that your listing is set up properly where you are telling Airbnb
where to send the money. They're going to give you two options for your payouts.
One of the options is going to be to send the money directly to your bank
account. That's one way. Now, doing it that way usually takes about 7 to 10 business
days to get your money every single time. Now again, if you have a business going
and you have payouts coming in all the time, this really does not matter for you
because you have the money coming in from each guest and although they
delayed those first ones, after a while, the money will start to come in
consistently because you have lots of booking. That's one way to do it. The
second way to do it is to hook it to PayPal. So, Airbnb is
already connected with PayPal. And I expect that. They'll probably have other
merchants coming like square or Shopify or some of the other ones that it exists.
They have not come out at the time of this recording. But I do a lot of
research on Airbnb so there are more coming. But why I recommend the second
option which is PayPal is because you will get your money faster if you
organize your listing properly. Okay? So, if you organize your listing and that
you put that the payout is to go to PayPal and you hook it to the PayPal. And
you verify your account with both PayPal and Airbnb you will get your money
faster. So, let's talk about that. To verify your account with PayPal is super
easy. You're going to send in your driver's license and what your business does.
Pretty simple. It's the same thing for Airbnb. You send them in your drivers
license and possibly another form of ID. You want
to get verified. Both Airbnb and PayPal have a section called Get Verified which
once they verified you, they literally ranks your listings higher. So, all of
their hosts that have been verified, they get ranked higher. All of the guests, you
know, people that are booking, if they verify their identity, they also are
usually preferred on their algorithm as well. So, the key to it is make sure that
you set it up both ways with your bank account and your PayPal. But make the
PayPal your primary way to get paid. So, number 2, we talked about PayPal. Now
again, PayPal has 2 different types of accounts. You have a personal PayPal and
you have a business PayPal. The key with this that I'm telling you is set up your
business PayPal. And all you have to do to set up your business PayPal is put
your EIN number in there, you must have a business license though. And you must
have the EIN. So, if you haven't done the steps to become an actual business, I'll
put a link right over here to those videos where I teach you on how to set
up your business properly. There's just 5 quick steps to do it, the link is
there. If you have not done those things, go ahead and do those first so that you
can get a PayPal business account. When you get a PayPal business account,
not the personal account, use the business account because you want the
paypal to see those monies coming in from Airbnb as your business. You know,
because those are sales to your business. And you want them to reward you for that.
You want them to lower their fees. You want them to lend you money. So, if you do
this and you set up the proper way, you use the PayPal business account, then you
are setting yourself up to get some extra money for your business. The number
3 thing that you need to know when it comes to getting paid by Airbnb is
that they pay you most of your money on day one depending on the length of the
stay. So, let me tell you what that means because this is awesome for you as a
host. Alright. So, remember I was telling you guys I think in another video that I
actually listed my first property or about my first property. But like my own
home that I lived in, I actually listed it on Airbnb because I could not sell it.
We were having trouble showing it. I have way too many kids and it was just
getting crazy. So, we ended up just listing the property on Airbnb and it
was like the best decision that I ever made. The second booking that I ever got
from my own listing, my personal home that I put on Airbnb, the second person
booked it for an entire month, okay? And so, that was like 3... I think it was I
think at the time I was charging maybe $140 or
something. But prices aren't like double now. But at the time, it was like
maybe $140 a night and they were staying there for an
entire month. So, on day one, they check in and PayPal is like, "We sent you the entire
amount." And then the next day that money was in my PayPal. Amazing, okay? Now, Airbnb
has changed this up a little bit. And if the person that booked your property is
staying there monthly like longer than 30 days, you will get monthly payouts.
Which again is still pretty awesome because they're paying for each month
that they stay there. But if they're staying there 14 nights, 18 nights, 22
nights; you get all of your money on day one. Can't beat that.
Okay! Hopefully you enjoyed this video and I've listed out all of the steps for
you. And I put a description the link in the box below to give you all of the
steps in case you didn't catch any of them. Or if you need to watch this video
again, please do. Again, please remember to watch all of
the videos in this series. I am giving you an entire training for free on this
topic. I want to share, I want more and more of you doing this and more of you
making money. So, I'm giving this information for free, details, list it out
for you so go ahead and watch all of the videos in this series. And if you can, go
ahead and subscribe to my channel. I'm giving you content every single day. To
your success.