The rise of Airbnb and other short-term rental platforms has opened up new opportunities for property owners to generate income from their property investments.  If this in an opportunity that interests you, how's best to turn your current property into a suitable AirBNB/Serviced accommodation unit that brings in the most profit?

In this step-by-step guide, we'll walk you through the process of turning your property into a successful Airbnb/short term rental.

Make sure your property is suitable

Before diving into the transformation process, it's crucial to conduct thorough research and market analysis:

• Location: Consider your property's location. Is it in a popular tourist area, a business district, or a residential neighborhood? Understanding your location's demand is key.
• Competition: Analyse other Airbnb listings in your area. What are they offering, and at what price? Remember, you property is a product in which the customer has multiple options to choose from, why yours?
• Local Regulations: Check local regulations and zoning laws. Some areas have restrictions or requirements for short-term rentals.

Evaluate your property's suitability for Airbnb:

• Condition: Ensure your property is in good condition. Address any necessary repairs or upgrades.
• Amenities: Consider what amenities you can offer to attract guests, such as Wi-Fi, a fully equipped kitchen, or a swimming pool, if it's really fancy.

Furnishing

One of the most crucial aspects of short let accommodation is the furnishing.

Furnish and decorate your property in a way that appeals to your target audience, think who are you trying to attract: Contractors who may wants multiple beds, families who need space for children, travelling professionals who need working space. Cater to their needs.

In terms of decoration, neutral, modern decor is often a safe choice, but more enchanting properties that catch the eye can differentiate your product from the market. Look through pinterest and other social media's to generate ideas, keep a log of what you like.

Think about how best to utilise your properties layout, where can you put furniture to create the most space in each room, this includes wall space as well.

Creating a Guest-Ready Property

Even with a furnished property, there's more to be done before it's guest-ready. Here are some preparations required before welcoming any guests:

• A clean environment: Ensure the property is spotlessly clean before each guest arrives. Consider hiring professional cleaners, who have worked on short terms rental before.
• Essentials: Provide essentials such as clean linens, towels, toiletries, and kitchen basics.
• Guest Guidebook: Create a guest guidebook with information about the property, local attractions, how to use certain amenities and emergency contacts.

Capturing the property

Invest in professional photography to showcase your property in the best light. High-quality photos can significantly impact your listing's attractiveness.

For instance, compare these two photos below:

DO NOT just take the listing photos off your phone and hope they will be adequate, they will not be.

Write a Compelling Listing

• Description: Write a detailed and engaging property description. Highlight unique features and amenities. What makes your property different? Why should someone stay there?
• Pricing: Set competitive and dynamic pricing. Consider seasonal variations and local events, it's best to use pricing software to automate this process, such as Price labs which takes into account other listings and what they are priced at.
• House Rules: Clearly define house rules, including check-in and check-out times, smoking policies, quiet times and pet rules.

Monitor and Adjust

Continuously monitor your property's performance and adjust your strategy as needed. Stay up-to-date with market trends and adjust your pricing and offerings accordingly. Listen to guest feedback and improve as you go along.

Turning your property into an Airbnb can be a rewarding venture when done right. By following these steps and staying committed to providing a great guest experience, you can maximise your property's potential and enjoy a successful short let hosting journey.