*This is a collaborative post but my authentic thoughts are represented within the blog.*
Running an Airbnb rental in a secondary property can be a highly profitable experience for landlords. But there are two things that landlords may be overlooking when it comes to establishing an Airbnb property: the guests and the neighbors.
I have stayed in my fair share of Airbnb properties and I've given high ratings to the properties that were immaculately clean, organized, and provided clear instructions on how the property functions. It's super important for landlords to understand that the Airbnb property should feel like a home for their guests. If a property failed to meet that criteria, I always try to provide useful feedback to the landlord so they can make the necessary recommendations to enhance the property for the next guests. I think there is a difference between cheap and affordability and if property has cheap furniture then that means continuously having to spend money to replace what may have broken. It's important that landlords keep in mind that Airbnb is an investment - don't cut any corners. You're spending money to earn money.
Landlords should also keep in mind that using a property as a money-making strategy comes with massive consequences. For instance, parties organized in Airbnb rentals have been frequently reported in the news. As a result, landlords are getting increasingly worried about maintaining a positive relationship with their neighbors. Even if you don’t live in your secondary property, frequent complaints could put an end to your rental business. As such, you need to consider how to keep your neighbors happy when you don’t live in the property. Careful management and communication can go a long way in building a trust relationship with neighbors and tenants.
Here are ways to keep your guests and neighbors happy when owning an Airbnb property:
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Communicate noise levels to guests
You’d think that keeping things quiet should be an obvious choice for most people. However, some of your tenants, especially for short-term rentals, may not be familiar with living in an apartment or having direct neighbors. As such, they may not realize that gestures and actions that are normal in their home may become problematic in your rental. It’s a good idea to share standard rules about keeping noise levels low at night or early morning. You can also find out more about noise monitoring systems to make sure you can get informed should things go wrong. Ultimately, monitoring can help protect your right against complaining neighbors, for instance. Additionally, it also ensures you keep track of what happens in your property.
Lastly, your neighbors are a valuable source of information. You can learn a lot by reaching out to your neighbors for feedback and comments. For instance, neighbors could let you know about issues you weren't aware of such as loud plumbing. Be sure to establish a rapport with your neighbors as they can play an essential role in keeping the property safe and can serve as back-up contact for guests to reach out to since they're close by. It can be helpful to have someone you trust there if there’s a problem with the rental.
In addition, guests are happy because they know they are staying in a home that suits their everyday lifestyle needs. Guest can enjoy their stay by ensuring things are organized and easy to locate. And if they need immediate assistance they have the option of contacting your neighbor(s). Of course you're still in control and can establish certain times that they can reach the neighbor to ensure clear boundaries are being met. Besides, as a landlord, looking after your neighbors makes sure your tenants arrive in a positive and helpful community. It’s a win-win for everyone.
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Disclaimer: All posts and tips are for educational and informational purposes. SoleOrganizer, LLC is not to be held liable for interpretation of tips and products.