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All About Airbnb Hosting Tips

Airbnb Bad Reviews: Use them to your Advantage

There is nothing more demoralizing than receiving a bad review on Airbnb, especially when you go above and beyond to take care of your guests and host them to the best of your abilities but they still leave a negative or unsatisfactory review. Getting a lot of bad reviews can negatively impact your future bookings as the majority of guests go through negative reviews to make a decision before booking a property. 

Every Airbnb host has to deal with unsatisfied guests and bad reviews at least once during their hosting career, and if not dealt with properly could do a lot of harm. In this blog, we will tell you what to do if you get a negative review and how to deal with the guests and convince them to delete the negative review, and also some methods to harness bad reviews on Airbnb and use them to your advantage.

Getting rid of Negative Reviews

1. Requesting the Guest

Removal of Airbnb Bad Review

If a guest leaves a negative review on your listing, you should try and reach out to them as soon as possible. Ask them what you could have improved to make their experience better. Let’s say if the guest pinpoints out something that you disagree with, you should not dismiss that and become defensive as it will cause a conflict, instead, you should agree and tell the guest that “they are right and you’ll try to improve on the suggestions given by them”.

 Doing this will help the guest realize that you have acknowledged the issue right away instead of dismissing it and then this will make them more receptive to your request of deleting the bad review. Then you should ask them to remove their bad review and explain how it negatively affects your business, and if done right will most likely work.

2. Give Discount/Compensate

compensate for bad reviews

If the above method of “Requesting the Guest”  doesn’t work out and the guest is still not ready to change their negative review, then you can try to compensate them for the unpleasant experience they had. You need to be careful while using this method as if not done correctly it could backfire and leave a bad impression on the guest as you may sound arrogant. Choose the right words and way of compensation.

You can give your guest a discount for their next booking or send them a gift card which they can use to pay for their next booking at a discounted price. This compensation can help you get a negative review removed and retain a guest as well. Many airlines and professional services use this method to make amends with unhappy customers. 

3. Don’t Rush to Review the Guest

Don't rush to give the reviews

Don’t rush in to leave a review for your guest after they leave, wait till they have left you a review especially if you feel they will leave a bad review. This will help you decide on how to review them based on the honest experience review. Also, it’ll discourage them to leave an unreasonable review as they’ll be worried about you reviewing them negatively, which might make it harder for them to book good properties in the future. 

Also, guests just have 14 days to review a property and if you feel there is a slight chance that this guest might review your property badly then you should not write a review about them. Airbnb will prompt them as well to write a review about the property if you write the review early. If you do write a review, write it after a few weeks so that the guest doesn’t recall small things to nitpick and give you a positive review. 

4. Reach Out to Airbnb 

Ask AirBnb

If you feel that the bad review you have received is unjustified and does not express the real experience of the guest then you can raise a review removal complaint to Airbnb. Airbnb reviews also fall under Airbnb’s Content Policy which monitors if a review is a spam, a threat, use of foul language, maliciously motivated, or fabrication of real experience.  

If you followed all the Terms of Services and kept your conversation with the guest on the Airbnb platform then it’ll help you a lot to convince Airbnb to get rid of the review. You need to be able to prove that you are in the right and the review violates Airbnb’s Content Policy to use this approach. 

Use them to your advantage

  • Leave detailed responses 

 When you receive a negative review make sure to respond back. Make sure to pinpoint every detail of the guest’s stay. Keep it as brief as possible and mention all the minute details. This will help in making a positive impression on the other reader as you’ll seem like someone who cares and takes notice of guests’ needs.   

  • Focus on the Positive

When responding back to a bad review make sure to highlight the positive aspects of the guest’s stay and don’t blatantly disagree with negative reviews. You shouldn’t accept them either if you feel you were not in the wrong, but do acknowledge them. Acknowledging them and then telling why those issues occurred and how you are working on making sure other aspects of your guest’s stay were up to mark will help you build trust with readers.

  • Show what you have learned

If you were in the wrong then accept the mistake and if you weren’t in the wrong then acknowledging it will go a long way. Telling what you have learned from it and what you have you are doing to improve on it leaves the reviewer with nothing to defend and argue about.

Highlight the steps you have taken after this last negative review to improve future guests’ experience. Also, go through all the negative feedback to get a broad understanding of all things you can change to have more satisfied guests in the future, and use negative remarks as a guidebook to improve your hosting.

  • Don’t bad mouth the guest 

Arguing or speaking unfavorably about your previous guest will portray you as rude and make you an undesirable host for future guests. You need to be calm and professional throughout and realize bad reviews are part of being in the Airbnb business and should be handled professionally and strategically.

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Airbnb Investment All About Airbnb

Best Cities to start Airbnb Rental Arbitrage Business in the US.

Best Cities to Start Airbnb Rental Arbitrage Business

The pandemic has hit short-term rental businesses all over the world, but it’s not the case in the US. It’s backed by data that many of the remote US destinations have experienced the most profitable Summer in 2020 and are looking for another profitable Summer in 2021. So it might seem the world is falling apart and everything is going down. But the data is speaking otherwise, according to 2020 airbnb data this is a great time to start your STR journey. The market is about to bounce back as people are craving the outdoors. So to help you focus more on the important things in your STR journey, and not the boring research part, we have compiled a list of the best cities to start Airbnb in US.

The Airbnb business is booming

The rental arbitrage model is extremely attractive for hungry and motivated entrepreneurs. You don’t need much money to get started with your first rental. In fact, you can even start by renting out your own room (and you stay the night at your car or friend’s house) to save up the initial deposit to start your first arbitrage unit. However, the rental arbitrage won’t generate passive income – It’s not true passive income because you constantly need to pitch to landlords and manage day to day operations.

Rental Arbitrage is booming
dashboard of best cities to start airbnb

What is Airbnb Rental Arbitrage?

Maximize your rental property revenue with more inventory and dynamic pricing tools.

Data-backed Market Research: You start with conducting thorough research about the market to find the profitable neighborhoods, amenities, and styles.  

 

Pitch to landlords: Now you know the number and you know this property will generate profit for sure. It’s time to contact landlords to get permission to do rental arbitrage and get accepted.

  

Efficient operation & Profit: A lot of hustles in putting your listings on various channels, right pricing, and many other tactics. Still, I trust that you will be able to learn along the way as long as you have started with the right properties. 

man jumping

How to identify profitable rentals for rental arbitrage?

Make more informed decisions with the power of accurate data.

short term rental data use case for property investors

Definition of Arbitrage: In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets. 

As the definition suggests, you need to find the gap between the “long-term rental market” and the “short-term rental market”. Fortunately, finding a long-term market base price is straightforward. You can easily find the market prices for the long-term rental market in Zillow. Finding the short-term rental market price is more difficult since looking at “daily rate” and “cleaning fees” on Airbnb isn’t enough because you also need to know “occupancy rates”. Therefore, the key to the success of rental arbitrage research is in short-term rental market research.

Then, what is the “key” of short-term rental market research? It is basically clearly identifying the range of profit of properties in different neighborhoods and by the size of properties

The profit consists of three variables – 1) occupancy rate, 2) average daily rate and 3) expenses. The size of properties is a little bit more complex as it consists of the “number of bedrooms, bathrooms, and the total number of beds”. I will go through different tools to find out the occupancy rate and daily rate of different neighborhoods a little bit later. 

How much does it cost to start your first rental arbitrage?

Stay up-to-date with relevant industry trends.

Don’t panic. After all, the starting cost is quite predictable once you do enough research. 

  • Deposit 
  • First-month rent 
  • Furnishing (Beds, Sofa, Dishes etc) 
  • Supplies (Here’s a checklist)

If I were you, I would start with basic furniture only – one mattress with a base and a cover per room, one used sofa, a pot, a pen, and plastic cutleries. Once I receive a few bookings, then, I will start investing more stuff like lamps, coffee pots, and so on. Starting with a huge budget will make you feel pressured to get a better return, so please be a minimalist when you get started. 

Airbnb Analytics dashboard image

Tips to do market research effectively and correctly

Use competitive and intelligent data to your advantage.

You need to make a comparison table to structure your research and efficiently search for your next properties. The template could look like below. 

Profit before paying rent = (occupancy rate * daily rate) + cleaning fees (that you charged from guests) – cleaning fees (that you actually spent) – other expenses 

Now you know the profit before paying rent, so now you can just identify which properties on Zillow can be profitable when you rent them. On Zillow, as of today (2021-06-20), there is only one property that can profit $500 a month to you.

best cities to start airbnb - redwood

How much does it cost to start your first rental arbitrage?

Stay up-to-date with relevant industry trends.

Now I guess you are wondering how much a short-term rental around your neighborhoods is making. 

You can use our research tool to find it. You can choose one city, and if you zoom in to a specific neighborhood, it will show the average daily rate and occupancy rates from the short-term rentals on the map. 

If you do research, you will find out that there are so many profit combinations (neighborhoods x property size). 

Now let’s take a look at the best cities to start airbnb in the US.

best cities to start airbnb - airbtics

Best Cities to Start Airbnb in US

To make it easy for you, below are some (not all) best cities to start Airbnb in the US that have possible profitable combinations for rental arbitrage. 

There’s no point in giving you some numbers of expected rental arbitrage returns because it will be depending on the exact neighbourhood and the size of properties you are going to rent. Please do your thorough research to find out some areas where there’s a high demand for short-term rentals while having excessive long-term rental supplies. 

San Antonio

New York City

Las Vegas 

San Diego

Chicago

Miami

Milwaukee

Columbus

Indianapolis

Memphis

Philadelphia

Kissimmee

Phoenix

What's next?

If you are doubtful about using data solutions, I’d recommend you to 1) speak to a property manager in your area 2) ask other Airbnb hosts in various Airbnb host’s communities 3) collect data on your own from Airbnb website. 

If you are lost, you can find other Airbnb hosts from the following links. 

Read More from me
Rental Arbitrage Florida 
AirDNA Review: Does it still hold up in 2021? 
5 Short Term Rental Tools for Perfect Pricing

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All About Airbnb Hosting Tips

Red Flags to Look for When Renting on Airbnb (Airbnb Guest with No Reviews)

Airbnb guest with no reviews is a major red flag when accepting a request. Learn how to onboard this kind of guest from this article!

Red Flags to Look for When Renting on Airbnb (Airbnb Guest with No Reviews)

airbnb guest with no reviews

Red Flags to Look for When Renting on Airbnb (Airbnb Guest with No Reviews)

Airbnb guest with no reviews is a major red flag when accepting a request. Learn how to onboard this kind of guest from this article!

Being a host is never an easy task. For starters, you have to take care of marketing your listings, communicating with guests, and property management. Recently, hosts have started to report scams and illegal activities that have started taking place due to the massive reach & popularity of short-term rental platforms. These people are taking advantage of hosts and their property by finding a loophole in the system. Usually, they are Airbnb guests with no reviews. 

In this blog, we surveyed over 100+ super hosts to take note of the red flags when renting your property on Airbnb so you make the best decisions when hosting an Airbnb guest with no reviews. Continue reading to learn more!  

1. Airbnb Guest with No Reviews

airbnb guest with no reviews

When you come up with profiles with no single reviews, this could indicate that the person is using Airbnb for the first time or has created a duplicate account. It gets very hard to judge guests based on their type of profiles. Your best bet here would be to communicate with the guest and request them to complete their profiles. This is especially necessary if they already don’t have an ID and photos.

Questions to ask Airbnb guests with no reviews

But fret not! Of course, we can give guests with no reviews the benefit of our doubt. But just to safeguard your interest as a host, you can ask the guests the following basic questions:

  • What is your purpose for visiting?
  • How many people will be staying?

At the same time, hosts can also use this simple message template for Airbnb guests with no reviews but are showing interest in the property.

Hey there {{guest’s name}}

 

Thank you for showing interest in my property and welcome to the Airbnb community. As your host, I want to make sure that your first stay with us will go smoothly. Before I approve your booking, please verify your profile photo with a government ID & kindly fulfill the required information below:

 

1). Brief information about your stay & number of guests

2) What brings you to the neighborhood & what are your expectations?

 

I look forward to approving your request pending this information.

 

Feel free to reach out if you have any questions!

 

Cheers,

 

{{Host name}}

2. Not reading/following the rules and guidelines

To avoid Airbnb guests from having last-minute changes such as bringing extra people or pets, it’s ideal to remind them of the rules and regulations prior to confirming their stay. Although this isn’t always a red flag, Airbnb guests who keep changing their statements that are against rules and regulations should be reminded to read the listings to avoid complaints and confusion.

3. Having inappropriate photos or no photos

Similar to Airbnb’s no review guest’s account, an Airbnb guest with inappropriate photos or photos that don’t show their face clearly could be considered a red flag. Having no photo might also indicate that the profile is new, and if that is the case, you can request the guest to update his/her profile using the message template indicated above. If they hesitate to upload a photo or the uploaded photos seem altered, then it is certainly another red flag. As an Airbnb host, you should ask for proper verification in case of any suspicion before confirming the stay.  

4. Convincing to book a listing outside of Airbnb

If a guest is trying to use alternate methods to share his number to book the Airbnb listing, then it’s a major red flag. Keeping all the chats and conversations on the Airbnb app is really important. This is truly necessary in case of damages to the property or any other mishappening during the guest’s stay. It also helps you to be on the safe side in terms of receiving the money and having proof of conversation in case of any legal action. Taking the conversation on some other platform will not only increase the chances of a scam, but it’ll also leave you stranded without anyone to reach out for help in case of a mishap.

5. Unconventional name or email

In 2022, getting a decent email without numbers and weird symbols is next to impossible. While there are some odd emails that use offensive words, and sexist or racist remarks, this can be a red flag as a lot of scammers use pseudo emails to make Airbnb accounts. It’s important to be aware of unconventional names or emails. These people often do this to prevent leaving traces of their personal identity in case of any investigation.  

6. Broken language

Many times, scammers who pretend to be Airbnb guests run bots and reach out to multiple hosts at once. They send them personalized messages based on their listing using learning bots. You can identify these messages if the grammar is incorrect or if even a single sentence just doesn’t make sense. Usually, these bots have the conversion for a few seconds until some human switches over. You need to be careful and look for these types of sentences that sound auto-generated by a bot.

7. Exchanging services in return for a stay

Another red flag is if a guest offers to clean the house or do any other service in return for a stay instead of paying money. The chances of that person leaving without cleaning the place are very high. At the same time, this is not a good practice to follow as an Airbnb host. It’s still advisable to have your property cleaned by a reliable cleaner as the chances of getting scammed are very high in these types of situations.

8. Asking the right screening questions 

If the Airbnb guests are local and staying for one night, you may want to ask their motive for visiting the property and confirm if they agree with your house policies. If they are visiting from outside of town, you can casually ask what they would like to do in the city. This way, you can easily identify the intention of guests while giving some helpful suggestions depending on what they want to do.

9. Do what your gut says

Sometimes you don’t need any red flags. If you have a feeling of uncertainty when giving your property to a guest based on his/her profile and messages, it is best to drop that guest as your gut instinct could be right.

When to take the risk of accepting bookings from Airbnb guests with no reviews?

While there are red flags to look out for when accepting Airbnb guests, it’s important to take note that there are some Airbnb guests who might have difficulty creating their accounts as they are new on the platform. Here are some of the go signals for Airbnb hosts to take the risk:

1. Airbnb guest provides necessary data

If you require the guest to provide a valid government ID and a clear photo, and they promptly follow along with a clear intention of their purpose of visit, then your worries should at least be minimized.

2. Airbnb guest instantly confirms the payment

The majority of Airbnb hosts are usually worried about guests with no reviews because they might be a no-show and waste the bookings on their calendars. However, if the Airbnb guest instantly confirms their payment online, then it’s recommended to take the risk (and still follow the mentioned precautions).

3. Airbnb guest is willing to go through security checks & verify account

Airbnb guests who are willing to go through security checks & verification on the platform should be considered as a go signal for hosts to accept the booking. At the same time, it’s necessary for Airbnb hosts to make sure that the guests are responsive and agree to the rules & regulations of your property.

How to decline an Airbnb guest with no reviews?

If you see all these red flags and you can’t see any redeeming quality in your guest, now is the time to decline the booking request. Declining a guest is a delicate process. So, be sure that you keep the conversation professional and courteous until the end.

Remember, maintaining professionalism and politeness is key when communicating with potential guests, even if you need to decline a booking request. This approach will uphold your reputation as a host and align with Airbnb’s community standards.

1. Start with Gratitude:

Begin your message by expressing your appreciation for their interest in your listing. This sets a positive tone for the conversation. 

2. Explain Your Policy as a Host:

Let the guest know that, as part of your hosting policy, you usually prefer guests with reviews to ensure a smooth experience for both parties. Make this sound like a general policy rather than singling out the guest. 

3. Apologize and Explain:

Apologize for any inconvenience and explain that you are unable to make exceptions at this time. Make sure your message is respectful and understanding. 

4. Suggest Solutions:

If possible, offer some alternative solutions that could help the guest build their Airbnb profile and increase their chances of securing future bookings. For instance, suggest that they consider booking with hosts who are open to new users or recommend ways they can improve their profile.

5. End on a Positive Note:

Conclude the message with well wishes and a friendly tone. This helps to maintain a positive reputation and ensure a good impression of you as a host.

Feel free to use the sample template below for declining guests who show red flags

Hi {{guest’s name}}

 

Thank you for considering my Airbnb listing for your upcoming stay. I appreciate your interest in my space. As a part of my hosting practice, I typically consider guests who have reviews from previous stays. This helps ensure a positive experience for both guests and hosts. I'm sorry for any inconvenience this might cause, but I currently don't have the flexibility to make exceptions regarding the review policy.

 

However, I suggest you explore other listings where hosts might be more open to hosting guests without reviews. You could also enhance your profile by verifying your identity and completing your Airbnb profile, which will increase your credibility in the community.

 

Best of luck with your travel plans, and I hope you have a wonderful experience using Airbnb in the future.

{{Host name}}

Conclusion

I hope this checklist is somewhat useful in your hosting journey! 

If you are just getting started with hosting, I believe you want to get more quality bookings. The first step is to have a clear picture on your listing’s performance against to similar listings in your area. This allows you to set a realistic goal. 

Compare your occupancy rate against to other similar listings around your area using Airbnb Analytics tool (Click the banner below). Once you are in the app, search for your market, and zoom into the area where your listing is located. Then, you can find the average occupancy rate of the area you are seeing in the map. 

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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Airbnb Investment All About Airbnb

Best Airbnb deals in Dallas (2021 Updated)

Bring out your cowboy boots and get ready to explore the best deals in yet another amazing southern city of Dallas, being bordered with Mexico and with more than 42% Hispanic population, you’ll find fusion foods that are so amazing and unique that it’ll be hard to find such combinations anywhere else in the country. Dallas is the fastest growing city in the US currently with a 1.3 million population and it’s inviting more people to come and explore the culture. Here is the list of 9 Best Airbnb deals in Dallas that you can’t find anywhere else.

 

Downtown/Deep Ellum 1 BR – 3 guests  ($60)

Deep Ellum house in dallas

Located within walking distance to the city center, this place is great if you aren’t bringing your car with you, Sheraton Downtown and Deep Ellum are 2 min walking from this location. At this price point finding a place in the city center is near impossible.

Why is it the Best Airbnb Deal in Dallas?

  • Great location – walking distance from major Dallas attractions
  • Affordable with sufficient amenities for the price.
  • Free Parking
  • Experienced Host with 4.7 ratings and 650+ Review

Click Here to Book

 

Artist’s Loft Near Deep Ellum & Fair Park – 1BR | 2 Guests ($77)

artist's loft near deep ellum in dallas

If you love colors and artistic stuff and want to inspire the artist in you, then this loft near Deep Ellum is the perfect place for you, surrounded by trees and featuring the old original artwork the design and overall architecture will surely inspire you as soon as you enter the house, and the price will surely motivate you to stay a day extra. 

Why is it the Best Airbnb Deal in Dallas?

  • 15 mins from the Downtown Dallas
  • Beautiful design and artwork throughout the house
  • Free Parking
  • Super-Host with 4.99 Rating & 130+ reviews

Click Here to Book

 

Belle 2BR Bungalow | Downtown Med Center Stadium ($145)

best deal in dallas

This is an 1100 Sqft Duplex apartment on a half-acre property, located in the central Metroplex in a safe and quiet neighborhood. Great location only 30 mins from fort worth and 15 mins from the airport. This house is perfect for someone looking for some extra space and a quiet neighborhood to stay in peace with some lush greenery around the house. 

Why is it the Best Airbnb Deal in Dallas?

  • 15 mins from the Airport and Fort Worth
  • Safe and beautiful neighborhood with a big back and front yard
  • Free Parking
  • Super-Host with 4.91 Rating & 162+ reviews

Click Here to Book

 

2BR – 6 Guests | Near Main Street Garden Park ($164)

main street garden park dallas

This house is managed by Sonder, which is a professional Airbnb management company. The overall vibe and design of this place are very modern and have been recently renovated so everything here feels new. This place has large windows and receives plenty of sunlight throughout the day, this place also has a fully functional equipped kitchen and all the smart appliances. There is a theater room, gym, and lounge in the complex which is accessible by the guests as well. 

Why is it the Best Airbnb Deal in Dallas?

  • Modern design and recently furnished
  • 10 mins walking from downtown
  • Digital Self-Check In
  • Gym, Lounge, and Theater Room
  • Experienced Host with 4.42 Rating

Click Here to Book

 

1BR house with hot tub, backyard, and private entrance ($70)

1BR house with hot tub, backyard and private entrance dallas

This spacious 1 bedroom house is located in Downtown Dallas and within walking distance of all the major spots in Dallas center. This is a pet-friendly house, also the host provides a bike to stroll around downtown and in the neighborhood. The house is also equipped with an electric car charger for all the Tesla drivers. This place also has a hot tub, fireplace, smart tv with Netflix, and free parking. For $70 this place is a steal in the center of downtown Dallas.

Why is it the Best Airbnb Deal in Dallas?

  • Super Host with 4.93 Rating
  • Plenty of amenities for the price 
  • Budget-Friendly
  • Pet Friendly

Click Here to Book

 

1BR – 2 guests | Cozy Private Room  ($45)

Cozy Private Room in dallas

If you are on a budget and don’t mind sharing your place with someone else then this place can provide you a comfy home away from home at just $45, you will be a lockable private room and bathroom, this place is great for a solo traveler on a budget looking for a comfy place with all the basic amenities without shelling out a lot of money.

Why is it the Best Airbnb Deal in Dallas?

  • Super Host with 4.89 Rating
  • Super Affordable with all basic amenities
  • Fully functional stocked kitchen
  • Free Laundry
  • 15 mins from Downtown

Click Here to Book

 

Bardo Lofts Studio | 3 Guests ($80)

Bardo Lofts Studio in dallas

If you are a sucker for modern design then this studio house is perfect for you, located in this newly constructed residential building. This place is perfect for anyone who wants to live in peace and luxury at the same time. Though being in a residential complex there are a lot of rules that you need to follow but if you love the design and price of this place then it’s totally worth it.

Why is it the Best Airbnb Deal in Dallas?

  • Modern Design and Architecture
  • Walking distance from Bishop Arts
  • New construction
  • Experienced Host with 4.70 Rating

Click Here to Book

 

3 BR – 6 Guests | Green House by Downtown  ($102)

This is a perfect place for people looking for some extra space and is traveling with Pets. With a huge front and side yard, this palace is the perfect place for your pets to run around and it also has a deck patio to hang out and read some books in peace when your dog is creating havoc in the garden. This palace has 3 decent-sized rooms with 2 queens and 1 double bed. Free parking on premises is available for the guests.

Why is it the Best Airbnb Deal in Dallas?

  • Located in Downtown Dallas
  • Pet Friendly & Self check-in
  • Free Parking
  • Ample of space in the house
  • Super Host with 4.78 Rating

Click Here to Book

 

9 Guests – 3 BR | Cozy Bungalow Retreat by Downtown Dallas ($127)

best deals in dallas 2021

Situated Northwest of Dallas and a short drive away from the Airport this large apartment can host up to 9 guests. The house is in close proximity to the historic Bird’s Fork Park which is great if you want to go on a morning hike. The apartment comes with 1 full-sized bed, 1 king-size bed and 1 Queen sized bed, and one Air Mattress, a fully stocked kitchen, and a backyard. 

Why is it the Best Airbnb Deal in Dallas?

  • Great Location with private Backyard
  • 60” TV with Netflix, Amazon Prime, Chromecast, HBO & Satellite
  • Pet Friendly & Self check-in
  • Free Parking
  • Super Host with 4.72 Rating

Click Here to Book

 

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Airbnb Investment All About Airbnb

Best Airbnb deals in Houston (2021 Updated)

There are a whopping 11,000 restaurants in Houston to tingle your taste buds, which is still way less when compared to the reasons why one should visit this amazing city, be it the Space Centers, Rodeo or NightLife, Houston has something for everyone, and the best way to explore Houston is to become a local, live like one and experience the lifestyle. We have curated the best Airbnb deals in Houston here so you don’t have to spend hours finding the right host and location, this list has something for everyone, from studio apartments to container homes most of which are located in prime areas.

 

3 BedRoom – 1100 Sq Ft Montrose Apartment with Patio ($99)

3 Bed Room Mont rose apartment Houston

Accommodate 9 guests with 7 beds and a huge patio, for $99 this is a great apartment if you are a group of friends, or a couple looking for an amazing location to stay in Montrose, Houston. With 1 Gbps fast internet, 55” 4k TV with ESPN, HBO, Amazon, Netflix, and Hulu there will be plenty of content to keep you entertained throughout your stay. The place is Centrally Air-Conditioned with extra parking right in front of the building.

Why is it the Best Airbnb Deal in Houston?

  • Major places like Texas Medical Center, Sports Stadium, Airports are in close proximity.
  • Pet Friendly & Self check-in
  • 2 Free Parking
  • Super Host with 4.8 ratings and 4000+ Review

Click Here to Book

 

Minimalist 1BR House | East Downtown ($142)

Minimal 1 BR House East Downtown | Houston

If you love small and minimalist houses, then this is the perfect place for you to consider on your next trip, located in Downtown Houston near the University of Houston, Bush Intercontinental Airport, and Sports Stadiums it’s hard to find a better deal than this. Apart from the great location, the house itself is very modern and doesn’t feel small from the inside at all. The blue tones inside and outside with Red Oak flooring elevates the overall aesthetic of this place and makes it perfect for modern architecture lovers.  

Why is it the Best Airbnb Deal in Houston?

  • Major places like Texas Medical Center, Sports Stadium, Airports are in close proximity.
  • Pet Friendly & Self check-in
  • 2 Free Parking
  • Experienced Host with 4.8 Rating

Click Here to Book

 

Belle 2BR Bungalow | Downtown Med Center Stadium ($145)

Belle 2 bedroom bungalow downtown Houston

If Minimal isn’t your thing and you like to have some extra space in your house or maybe you are traveling with your friends then this 2 bedroom house which can accommodate 6 people will be a great choice for you, hosted by the same host as the above mentioned minimal apartment, here also you get 2 free parking and the house is in the vicinity of Downtown University of Houston and Rice University, major airports and sports stadiums.

Why is it the Best Airbnb Deal in Houston?

  • 2 Free Parking
  • Pet Friendly & Self check-in
  • Experienced Host with 4.8 Rating
  • 95% of guest gave the host and property a 5-star rating
  • Major places like Texas Medical Center, Sports Stadium, Airports are in close proximity.

Click Here to Book

 

 Casa Clare 2BR | Downtown Medical Center ($137)

2 BR Casa Clare houston

A perfect blend of comfort, great location and great service, this recently remodeled 2 bedrooms 1 bath located in the city center in the proximity of all the major hubs is a great place for its price. Equipped with Wifi & Smart TV to keep you entertained and beautiful Red Oak flooring and Quartz countertop makes this place feel homely and luxurious. It also has a front yard that your dog will love. 

Why is it the Best Airbnb Deal in Houston?

  • 2 King size beds with backyard and patio
  • Major places like Texas Medical Center, Sports Stadium, Airports are in close proximity.
  • Pet Friendly & Self check-in
  • Free Parking
  • Experienced Host with 4.70 Rating

Click Here to Book

 

The Heart of Midtown ($75)

The heart of mid town houston

When it comes to location no other place can beat this property in this price range of $75, this room is just 5 mins walking distance from great midtown restaurants, the most exuberant place at night time, it’s also 5 min walking distance from the metro rail, Med center, and NRG stadium. If you are on a budget and looking to spend few nights in Houston for some conference or business then this place will be a great option and will save you some bucks as well.

Why is it the Best Airbnb Deal in Houston?

  • Super Host with 4.91 Rating
  • Great Location
  • Budget-Friendly
  • Patio with unique entrance and design

Click Here to Book

 

Montrose place: The Spa | Spacious Studio  ($99)

Montrose spacious studio Airbnb in Houston

This recently remodeled apartment is perfect for someone who loves modern luxury and design. This is a spacious studio that can host up to 3 guests, designed by super host John this place is a modern masterpiece. Everything in this house feels like it’s supposed to be there, this house gives its guests a feeling of being comfortable and makes them feel at home. At this price, this house is a bargain because of its zen-like decor and amazing proximity to Houston nightlife.

Why is it the Best Airbnb Deal in Houston?

  • Super Host with 4.87 Rating
  • Ample natural lighting and zen decor
  • Smart Technology to control lighting and appliances.
  • Very comfy bed with parachute linen and plush king-size mattress
  • Great Location

Click Here to Book

 

East Downtown Micro-Luxe Container Living Pod  ($54)

This Container pod isn’t for your everyday traveler, it will take some time to get used to, and for people who are looking for something new and unique, this is the place for you available for just $54 in the city center. The sheer uniqueness of this place can be one reason for you to live here and experience the lifestyle of someone who lives in these metal boxes. This house is designed to give you a unique experience without compromising on comfort, this house definitely looks different but living in this won’t make you feel out of place at all. The structure is thoughtfully designed to have all the basic amenities and comforts of a regular home. 

Why is it the Best Airbnb Deal in Houston?

  • Unique Design
  • Great Location
  • Affordable Price
  • Free Laundry
  • Super Host with 4.86 Rating

Click Here to Book

 

East Downtown Modern Luxury Retreat ($252)

East downtown Airbnb in downtown

This is the most expensive house on our list but the design, space, and architecture of this place are totally worth the dollar. The large living area with a beautiful kitchen island is a perfect place to hang out with your friends and have some drinks, as this house can accommodate up to 10 people. The 15ft high ceiling and ample natural lighting make this place vibrant and modern. Being a newly constructed loft everything here feels new and is perfect to elevate your mood every time you step into this house.    

Why is it the Best Airbnb Deal in Houston?

  • Beautiful Design and Architecture
  • 400 MBPS fast internet and smart appliances
  • New construction
  • Private Driveway
  • Outdoor Fire Pit
  • Super Host with 4.74 Rating

Click Here to Book

 

Tiffany Blue Apartment ($60)
Tiffany Blue Apartment Houston

This cute little 320 sq ft apartment in the Montrose neighborhood is perfect for couples who are looking for a great deal in the city center, major destinations like George R. Brown convention center, Museum of Art, etc all are within walking distance, which will save you a lot of traveling time. Also, the colors and overall vibe are very pleasant and fun and for just $60 this place is a steal. 

Why is it the Best Airbnb Deal in Houston?

  • Super host with more than 800 Ratings
  • Major attractions like NRG Stadium, Zoo, Rockets within a 5-mile radius.
  • 500 Mbps fast internet with Netflix, HBO, Amazon, and Hulu
  • Pet Friendly & Self check-in
  • Free Parking

Click Here to Book

 

 

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All About Airbnb Hosting Tips

How to do Airbnb Pricing right in 2021 using vacation rental data?

Pricing Short-term rentals correctly for this upcoming (2021) Summer became a challenging thing as the supply-demand of rentals in your market has never been like this before. This post describes how a revenue manager could use vacation rental data to price your listing efficiently. After reading the post, you will learn what type of vacation rental data is available and how accurate and useful it could be to your future pricing strategy. 

So…what is the vacation rental data we are talking about here? The three widely used data for vacation rental revenue managers come from 1) their listings 2) from other property managers 3) from web scraped data.

The fundamental Airbnb data you need for Airbnb Pricing

Did you know that web scraped data can show 1) average daily rate 2) price year on year trend 3) seasonality 4) weekday vs weekend price 5) events and 6) other promotion prices? 

Firstly, there is the baseline market price. It is the average booked nightly price of a specific market for a specific type of property. 

Secondly, you need to know the trend derived from historical data. It can show you whether this market’s price has been increasing over years or decreasing. 

Thirdly, seasonality. It is how a specific week or month is performing compared to other months. Does this market get more visitors in Summer than Winter? Then the nightly rate in Summer is probably higher than the winter given that the supply remains consistent throughout the year. 

Fourth, the prices of the week of the day. The most typical pattern is that Friday and Saturday night has 10 – 50% higher prices than Sunday – Monday. But this can vary by market and type of property. 

Fifth, the local events, holidays, and global events. You typically see these days booked in well advance with higher nightly rates. 

Sixth, booking lead time. How many days in advance do nights get booked in this market? 

Lastly, the promotion prices. This includes a special discount for long-term stays or a discount for unpopular days like Monday. 

The dynamic Airbnb pricing data you need for Airbnb Pricing

The pricing data changes every hour and knowing that can make you more competitive. These are the dynamic Airbnb pricing data you can get from web scraped data.

Firstly, the last-minute pricing. Many Airbnb hosts or revenue management teams drop their prices if nights are not booked until the last minute. Knowing those prices can be useful information if you want to grab more bookings. Your competitors might have been monitoring your listings and taking the majority of bookings by just lowering $3-5/night than yours.  

Secondly, recently made booking data. You can also get nearly real-time booking data (nearly because in the case of us, it takes somewhere between 1 – 23 hours to process the booking data). This gives you a good idea of what is happening in the market currently.

How to do pricing right for this Summer?

Your focus should be on the supply and demand of this year, not the previous years. Start with a general understanding of your market by looking at search volume data. This will give you a general idea about the demand of your market this year. So, let’s say if the summer in 2019 was 75% booked in your market, and the search volume has increased by 10%, you can expect around 82.5% of rooms will be booked this Summer if the supply remained constant. 

Tip1. If your market won’t do well this year from the search data, you should probably lower your rates to get those few bookings. If your market does well, then, you should carefully design promotion strategies based on the expected booking lead time we will discuss below.

STR on Airbnb is still allowed in NYC as long as you agree to share certain infromation with the city.

The next thing you could do is tracking the summer occupancy rate of your market. Compare that with your “expected 2021 summer occupancy rate”, and once it hits 60-70% of the “expected 2021 summer occupancy rate”, you should start sending the promotional offers and discounts. In most markets, you can expect the 60-70% to be happening a lot later than 2019, since globally, the booking lead time has decreased significantly. However, this year, the booking lead time has been increased from the last year. 

Tip2. If you are booked quicker than your market’s average booking lead time, you should consider raising the price, you are probably underpricing. Or, are you less booked than your competitors or market, maybe you should lower your price.

How to get 2021 Summer Vacation Rental Data

If you are resonating with the methods outlined above, it’s probably the best bet to contact us to get the data mentioned above. We will be able to deliver a daily pricing report of your market to your inbox every morning. 

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Airbnb Rules All About Airbnb

Is Airbnb legal in NYC?

New York City is one of the country’s biggest short-term rental markets, in fact NYC is in the top 10 important markets for Airbnb with more than 50,000 listings. According to Airbnb data provider Airbtics, a studio apartment in Brooklyn generates up to $30,000 USD per year. But if you are looking to start a STR in NYC you have to know that the State of New York counts with tough restriction and regulation laws on short-term rentals and similar. 

Here we will provide some useful information that can help you better understand the New York City Multiple Dwelling Law (MDL) and other regulations that New York City and the State of New York have for short-term rentals.

What are the short-term rental regulations in NYC and the Multiple Dwelling Law?

The New York State Multiple Dwelling Law (MDL) classifies buildings containing three or more dwelling units as “Class A” multiple dwellings (MDL, Article 1, Sections 4-7, 4-8.a.) The law states that “Class A” multiple dwellings must be occupied for at least 30 or more consecutive days by the same individual or group of people independently. In such properties short-term (less than 30 days) leases are illegal, unless a “permanent resident” of the dwelling is present during the entire rental period, which eliminates corporate hosts and also forces the short-term stay of the tenants in a shared space.

Is also illegal any kind of advertising for short-term rentals prohibited by MDL, this includes listing those rentals on Airbnb or other online STR platforms. Fines for infringements of the law can go from: $1,000 to $5,000 to $7,500 for first, second and third (or more) respectively. These fines can be imposed both on individual hosts and on the rental platform on which those illegal rentals are being advertised.

A “Class B” multiple dwelling is a multiple dwelling which is occupied, as a rule transiently, as the more or less temporary stay of a group of people or individuals. This class shall include hotels, lodging houses, rooming/boarding houses, lodgings, club houses and dwellings designed as private houses but occupied by one or two families with five or more transient boarders in one household. These previously mentioned would not generally be subject to the MDL’s regulations.

OCCUPANCY RATES IN NEW YORK CITY?

Learn more about how to find Airbnb occupancy rates in the major cities of the world!

Other requirements and regulations to have in mind if you’re thinking about starting a STR in NYC

  • Certificate of Occupancy or CO: Every residential building in New York City must have a certificate of occupancy. If you already have a certificate of occupancy you can look it up at the New York City Department of Buildings website. In case you don’t, you must get it before starting using your building as STR or LDR and you can find out more about how to issue it here.
  • Business licensing: Maybe you’ll also need to issue a special license or permit for business in New York. You can consult about it on the City’s business portal and on the City’s business regulation finder.
  • Rent control laws: If you live under a rent stabilized or rent controlled property, it is fundamental to first determine if the short-term rental of the housing unit is permitted. You can review the rules at The New York Administrative Code for rent stabilized (Section 26-501-26-520) and rent controlled (Section 26-401-26-415) housing. For further guidance please contact your local rent board.
  • Taxes: New York City and New York State impose multiple taxes that may apply to transient occupancy or tourist use. For more information about hotel sales taxes please consult the New York State Department of Taxation’s website for more information about hotel sales taxes and the City’s website for information about NYC hotel occupancy taxes.
  • Zoning Laws: Consult the New York City Zoning Code for information about areas in which transient rental buildings can be located.
  • Lease Restrictions: Are you living in a residential lease and considering to start a STR there?     Then first you have to make sure to get your landlords permission for rental arbitrage. You can even ask them to put the permission in legal papers to avoid future problems. Tenants who violate their leases by engaging in unauthorized rentals could face eviction.

Airbnb and their history with the data sharing law in NYC: is Airbnb still permitted?

In August 2018 the New York Mayor Bill de Blasio signed the Homesharing Surveillance Ordinance. The ordinance requires Airbnb and similar rental advertising sites to turn over hosts and their listings information to the Mayor’s Office of Special Enforcement, which goes after illegal short-term rentals.

In the same month, Airbnb sued the New York City Council in court to stop the implementation of this law claiming it violates the free speech guarantee of the First Amendment and Fourth Amendments to the U.S. Constitution and the Federal Stored Communications Act (“SCA”).

In 2020 Airbnb dismissed its federal lawsuit due to an amendment of the law. The new terms of the settlement and adjusted law now state as follows:

  •  Instead of monthly reporting of the data now it is required quarterly
  • Listings that qualify for the reported data are those who offer the short-term rental of an entire dwelling unit or a short-term rental for three or more individuals at the same time
  • The platform won’t need to report listings that rent the dwelling unit or housing accommodation for an aggregate of four days or less

New York data-sharing requirements for Airbnb hosts and their listing

STR on Airbnb is still allowed in NYC as long as you agree to share certain infromation with the city.

Before Airbnb disclose your data to the City, they’ll ask for your consent to share this information. If you consent, they’ll provide information about your hosting and listing activity to the City.

Here’s the list of the data Airbnb will be sharing with the City of New York

  1. Host & Co-Host(s) information:
    1. Name
    2. Physical address (street name, street number, apartment or unit number, borough or county, and zip code)
    3. Phone number
    4. Email
    5. Profile ID number
    6. Profile URL
    7. Total amount the platform transmitted to the host
    8. the account name and consistently anonymized identifier for the account number for the account used by host to receive payments
  2. Listing(s) information:
    1. Physical address (street name, street number, apartment or unit number, borough or county, and zip code)
    2. Listing’s name
    3. Listing’s ID number
    4. URL of listing
    5. Type (ex: entire place, private room etc.)
    6. Total number of nights booked per listing

For further guidance you can consult Airbnb’s Help Center section about New York or contact Airbnb.

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All About Airbnb Hosting Tips

Vacation Rental Pricing Tools in 2022

This article is written for experienced vacation rental managers who have a background an understanding of the rental market and its pricing.

There are two types of vacation rental pricing tools when it comes to price efficiency for your vacation rentals. 

  1. Dynamic pricing solution 
    1. PriceLabs, BeyondPricing, DPGO 
  2. Build your in-house pricing solution using data 
    1. SeeTransparent, Airbtics, AirDNA, Alltherooms Analytics, Key Data Dashboard 

Dynamic pricing is convenient for vacation rental managers as they set the prices for you. They take care of events, supply-demand, and seasonality into account to price. Some of the providers allow you to apply customized rules too. 

If you are a savvy rental manager or if you have a revenue management team, you need to have more control over the dynamic pricing algorithms. This is when you start using the in-house pricing solution. You start needing to have better control of your pricing while automatically applying seasonality, supply-demand, and events into consideration. 

Here are three data-driven ways to perfect your pricing to maximize the RevPAR.

  1. Track how competitors are pricing and adjust the price accordingly. 
  2. See the breakdown of your market by price and refine your market positioning.
  3. Analyze the guest demands in your area and increase the daily rate by serving under-supplied needs. 
Vacation rental pricing tool

Track how competitors are pricing and adjust the price accordingly with vacation rental pricing tools

AirDNA, SeeTransparent, and Airbtics are vacation rental data providers, but they also offer Airbnb Pricing Tool. All of them commonly have a calendar view of future 365 days rates and occupancy rates. This view allows you to understand the rate changes on specific events or over the seasons. 

 

Make sure you only see the data of your competitors! If you are luxury rentals, it only makes sense to track the rating of other luxury rentals. Airbtics offers a custom calendar view that filters and shows your competitor rates only, grab a 15-minute demo! 

Enhance your vacation rental pricing strategy by understanding your market positioning

 

The objective of market positioning is to establish the image or identity of your vacation rental. By understanding this, you can advertise your vacation rental more efficiently.

Vacation rental positioning map

This is how a market positioning map for a vacation rental could look like. Airbtics provides market analytics per price range, which helps you to build this positioning map. 

Airbtics provides market analytics per price range

You can select your daily rate, and find out what a typical listing looks like with your pricing point. You can also go through different pricing ranges and see which pricing range your listing fit and research how you can move your pricing range.

Analyze the guest demands in your area and increase the daily rate by serving under-supplied needs

Guests to your destination have different needs and those could be summed up into 4 forces –

  1. Location
  2. Capacity
  3. Service
  4. Amenity 
Guests needs summed up in four forces to set your base price.

Using our research tool you can find out how the daily rate, occupancy rate, and RevPAR are being affected by those 4 demands. When there are under-supplied needs, it’ll have abruptly high.

Airbnb research tool

Conclusion

The vacation rental industry has been continuously evolving and adapting to use better data to optimize their rental pricing. By going through the 3 steps I’ve mentioned above, you should have a better understanding of your pricing strategy. Nearly all of our customers had increased their RevPAR through fine-tuning their pricing using the data, and the number varies from 5 – 40%. 

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All About Airbnb Spanish

Aumenta tu RevPAR analizando las demandas de los clientes

¿Cómo aumentar la tarifa diaria de tu catálogo de Airbnb manteniendo la tasa de ocupación? Nuestro equipo ha estado haciendo un loco experimento usando datos de Airbnb durante los últimos dos meses. Queríamos ver si podemos hacer que los anfitriones cobren 20-30% más de su tarifa diaria manteniendo su tasa de ocupación sin invertir una gran suma de dinero.


Somos una compañía de análisis de alquileres a corto plazo procesando dos mil millones de datos de noches en Airbnb cada semana y usando esto fuimos capaces de concluir que puedes aumentar tu tarifa diaria y tener el mismo número de reservaciones, pero atrayendo diferentes grupos de personas y modificando tus ofertas.


Estos son ejemplos comunes de factores que pueden alterar la tarifa diaria:


• Aceptar mascotas
• Jacuzzi o Piscina
• Apto para todo público
• Apto para trabajadores remotos
• Aceptar estadías de largo plazo
• Estacionamiento


Pero la pregunta es: ¿cuánto más puede incrementar mi tarifa diaria al agregar estos servicios?, una mejor pregunta es: ¿hay alguna manera de identificar esto?


¡Buenas noticias! Nuestra herramienta de análisis de demanda te muestra la comparación de la tarifa diaria de tu catálogo con ciertos servicios o comodidades versus sin ellos. Esto puede ser útil si estás pensando en subarrendar o si ya tienes residencias vacacionales, pero quieres aumentar tus ingresos para este verano.


A continuación, le mostraremos unos estudios de campo. Estos gráficos son tomados desde nuestra aplicación.

¿Debería de mantener mi política de cancelación estricta?

1° Caso. San Antonio, Texas. ¿Tu alquiler tiene una estricta política de cancelación y está localizada en San Antonio? Malas noticias, tus alquileres puede tener hasta 40% menos de reservaciones que los alquileres que no tienen una estricta política de privacidad. Si quieres incrementar tu RevPAR, tal vez quieras considerar tu política de cancelación.

How airbnb cancellation policy affect your occupancy rate?

¿Debería aceptar huéspedes de medio plazo en mi Airbnb?

2° Caso. Navarre Beach, Florida. Es tiempo de ocuparnos de las necesidades de los huéspedes de medio plazo. Los huéspedes de Airbnb buscan una cocina, una lavadora o un estacionamiento más que un jacuzzi o una piscina. Tal vez ellos solo prefieran visitar una playa cercana. Tienes altas probabilidades de incrementar tu RevPAR equipando la residencia con lavadora y cocina (y estacionamiento, si puedes).

Mid-term airbnb is on demand

¿Debería permitir mascotas en mi Airbnb?

3° Caso. Sunriver, Oregon. (Este patrón se ha observado en muchos otros destinos en EE. UU.)


A los estadounidenses les encanta viajar con sus mascotas o al menos están dispuestos a pagar una buena suma de dinero por ello, esto según los datos que observamos. Hemos visto un aumento tanto en la tarifa promedio diaria como en las tasas de ocupación de los catálogos que permiten mascotas en Sunriver, Oregon. Para su referencia, Sunriver es uno de los principales destinos de verano en los EE. UU. En 2021, el 60% de las noches en Airbnb ya están reservadas para este verano.


Habrá mucho más desgaste al permitir que las mascotas estén en su residencia vacacional, pero puede cambiar de opinión después de saber cuánto más puede ganar al permitir mascotas en su hogar.

Pet friendly Airbnb is booming

¿Debería comprar una lavadora para mi Airbnb?

4° Caso. Brighton, Reino Unido.
¿Qué está pasando en el Reino Unido? Existe una gran demanda de estadías a medio plazo en este tradicional destino vacacional llamado Brighton. Esto refleja la restricción actual en cuanto a viajes en el Reino Unido. Las personas no pueden viajar a menos que sea necesario. Los catálogos con jacuzzis o piscinas no se reservarán, pero los catálogos con cocina y lavadora están bajo demanda.

Airbnb with Pool and occupancy rate

Aclaración: Los datos solo muestran la tarifa diaria y la diferencia en la tasa de ocupación entre los catálogos con un servicio específico y sin él. Por lo tanto, podría darse el caso de que los catálogos con piscinas tengan tarifas diarias más bajas, pero no se debe a la piscina, sino a que los catálogos con piscinas tienden a estar lejos de la playa.


Sin embargo, esto puede ayudarlo a comprender la demanda en su mercado. Muchos de nuestros usuarios están utilizando esta herramienta para encontrar la brecha entre la oferta y la demanda en el mercado. Luego, comercializan estratégicamente sus catálogos para dirigirse al grupo de huéspedes con más escasez en cuanto a sus demandas. Por lo general, esto da como resultado un aumento en la cantidad de reservas y un aumento en el RevPAR.


*OBS: Revenue Per Available Room (RevPAR sigla en inglés) o Ingresos por habitación
disponible.

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All About Airbnb Hosting Tips

Airbnb hosting: Why you should be checking out your competition

Whether you’re an Airbnb host as a full-time business or renting out your spare room for some extra cash, there’s a lot of work that needs to be done to be able to do it well. Creating your listings, taking photos of your property, ensuring the calendar is accurate, confirming bookings, etc. And that’s just the beginning. There are various tasks you need to complete before and after every booking to ensure a pleasant experience for your guests.

Yet after all the hard work already put in, your bookings don’t seem to be going up and the calendar remains empty. Especially in the middle of a pandemic when travel is limited, every booking you make is valuable. It makes you wonder if it’s even worth it.

While each host’s situation is different, checking out what the competition is up to should give you an idea of what steps you can take to improve your situation.

Here are four reasons why you should check out your competitors today.

1. Gives you a benchmark

How is your pricing compared to other vacation rentals in your area? Too high? Too low?

If you’re just starting out with Airbnb hosting, checking out what other Airbnb hosts in your area are already doing would give you a good idea of how you should price your property and what to provide. It would also give you a chance to see how much revenue you can potentially make. Doing a search on the Airbnb site for available properties in the area and checking out each listing or using Airbnb’s own pricing suggestion tool are a few ways to do it. 

But if you’re short on time or want to see more in-depth information in a given area at once then using a vacation rental analytics platform would be the best option. This type of platform can provide you with a breakdown of various metrics such as the occupancy rate and average daily rate of your area over a period of time. You can easily slice and dice the data available to get a better understanding of your market.

2. Helps you understand your target audience better

You might feel that your offerings are already at a competitive level, but might still be struggling to draw in those extra guests. 

Regularly checking out your competition ensures you have your finger on the pulse. Reading your competitors’ review section will allow you to find out qualitative information on what customers enjoy or don’t enjoy in certain accommodations, what their needs are, and what gaps are there that you can fill in with your own offerings.

3. Improves your marketing

How did others promote their listings? Did they mainly rely on just the Airbnb listing or have they posted on other sites too? Do they also have a dedicated website or social media accounts for their vacation rentals?

How can people book your place if they don’t know about it? Once you’ve got a good grasp of the people you can target, you would be able to ramp up your efforts to make sure your marketing is personalised to your prospective customers. With COVID-19 changing the way we travel, it’s important to showcase that you’ve taken such considerations, such as an increased emphasis on cleanliness or staycations becoming more commonplace. Here are some of our suggestions on increasing your Airbnb bookings during the pandemic.

4. Determines whether it’s worth the investment

As mentioned earlier, great Airbnb hosting, while can be fun and extremely rewarding, is no walk in the park. If you’re just starting out, seeing what’s already out there and understanding how they’re performing means that you can determine whether it’s worth putting in the time and resources for you.

Airbtics analytics platform’s upcoming update will make price benchmarking and finding out your potential revenue a lot easier. The new Benchmark dashboard means you’d be able to see the top ten listings of your area by revenue, along with property type, ADR and reviews at a glance. If you’d like to get a firsthand look, make sure to join the community and receive news about our latest feature updates and releases.

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