How we fulfill our American dream in our dream homes can differ from person to person. However, the desire to enjoy every moment of it is something we all have in common. The American Dream aims to help you do just that, from the moment you find your dream home among various listings all the way to the move-in day and beyond.
One of the benefits of owning your own home is that you are free to do with it as you please. More specifically, you can use your status as a homeowner to your advantage by renting out your home on Airbnb when you are away on vacation. What better way to benefit from owning your own home than to have your home make money for you? While you are off living your best life on vacation this summer, you may want to consider renting out your home to earn extra cash while you are away.
Before you jump onto the Airbnb website to sign up, make sure you check your local laws first to help you understand how you should handle renting out your home. Every city has different regulations in place, so be sure to research the regulations specific to your area.
If you plan to rent out your home for more than 14 days in a year, you should also be aware of the tax regulations that are in place as well.
To become an Airbnb host, all you need to do is sign up on their website. Within the signing up process, you will need to provide details about your home, including the number of beds, the types of amenities, your home's location, and other details. As you fill out the information, the Airbnb website will configure an estimate of the amount of money you could earn based on your home’s location. With this estimate, you will receive a pretty good idea of the potential traffic your location will receive from travelers looking for a place to stay.
After you have filled out all of the information about your home, the next step is to declutter your home to create a clean and welcoming environment for your soon-to-be travelers. Decluttering includes removing personal photos and extra decor that does not directly enhance the beauty of your home. The idea is to create a space that makes travelers feel welcomed as they would in a hotel.
After you have cleaned and decluttered, you are now ready to take pictures! The pictures you take have a lot hanging on the success of your renting experience, meaning that they can and will affect your chances of getting your home booked. Use different angles and natural lighting to take clean and appealing quality photos to upload onto the Airbnb website.
Once you have uploaded your photos, it is now time to set your calendar for your guest. In this step, you will list the dates you plan have your home available for stays and set the prices. Before you know it, you will have your first booking!
The American Dream aims to help you get one step closer to living out your American dream by helping you accomplish your dream home. Contact one of our agents to learn how we can help you become a dream home homeowner today.