Contact Us
Maimise Return On Airbnb Rental Property

Since 2008, Airbnb has allowed people across the globe a chance to earn money from their properties through short-term rental agreements. This service has been growing in popularity ever since, meaning that anyone hoping to get the most out of their Airbnb rental property has to find a way to stand out from the competition. So, to help you get started, here’s our list of ways to maximise your return from your Airbnb rental properties.

Refresh and Revitalise

For those looking to impress their guests, first impressions are everything. When preparing your home for Airbnb hosting, keep a list of things that need to be repaired or replaced. Simple touches such as new blinds, light fixtures and carpeting can help to create a space that draws in potential patrons, allowing you to increase both the ROI of rent and the equity of your home.

Another option for making your home more desirable is property styling. In essence, property styling is the process of optimising your space to create a welcoming, inviting environment through high-quality furnishings, decor, and more. While it may be an additional expense, it will allow you to increase your rental returns, so that cost can be made back quickly.

Garden Care is Key

While we’re on the topic of fixing up your space, one area that is often forgotten by new Airbnb hosts is the outdoors. A front yard is the first thing your guests will see, and depending on the climate, the backyard can make or break a trip for some visitors. This makes garden maintenance vital for those looking to maximise their Airbnb rental property’s ROI.

As an added bonus, many of the expenses that come with home & garden maintenance regarding your Airbnb property are tax-deductible. This makes it even more affordable for Airbnb hosts to make rent-increasing changes, a real win-win!

Consider Being Pet-Friendly

As we mentioned earlier, maximising your rental yields is all about standing out from the competition, and for guests with furry friends, having a pet-friendly property can be a very persuasive benefit. Due to the number of Airbnb properties that restrict pet accommodation, tenants are often willing to pay up to 10-15% extra for the chance to travel with their pet companion(s).

With up to 62% of Australian households owning pets, allowing guests to keep their furry friends with them will open you up to a much wider pool of potential patronage. So, if you’re looking to increase your rental yields, this is an important consideration to make.

Avoid Vacancies as Much as Possible

To ensure that you are getting the highest ROI from your property, it’s important to ensure that your Airbnb rental is vacant as little as possible. After all, no guests means no revenue, and there are a variety of things that you can do to increase your number of bookings. Ensuring that you have professional, flattering photography to advertise your property is an excellent start.

With that said, for those that are really looking to ensure as many short-stay bookings as possible, consider working with a Melbourne Airbnb management company. Property management services like Cozy Hosting ensure that every part of your Airbnb property is taken care of, from organising maintenance to screening and communicating with guests. To learn what we can do for you, contact Cozy Hosting today.

Want to join Cozy community?
We'd love to hear from you.