How to start an Airbnb business in 2022

Hello every, today you're going  to learn how to start an Airbnb business, get it  up and running in 24 hours, and all it's going to take  is 9 simple steps. If you were a graduate  of any business school, one of the things you'd  be thinking about is in order to start a successful Airbnb short-term rental business, you would need to have  an Airbnb business plan. However, I'm going to  show you how to start an Airbnb short-term rental business, how to make money with Airbnb.

how to begin collecting  your Airbnb income all within the next 24 hours.  
Now here's my little caveat,    it's not to say that you're  going to start cashing checks or getting deposits in 24 hours. However, if you follow my steps, you can get your first booking  within the next 24 hours. before we get started, I would love for you to  subscribe to my blog for more helpful Airbnb tips and tricks and articles that I will be publishing that can help you not only  start your Airbnb business, but eventually begin growing  your Airbnb passive income to six figures, like I've  done and many of my students. If you enjoy this article and got value from it,    please like and comment below. and one other thing is  there's actually going to be Ten steps, because I'm adding a  bonus step at the end, that's an insider hack that  most people won't tell you about but it's gonna help you to  begin getting your revenue a lot faster than most  people get on Airbnb. Okay, so let's get started. First things first, in  order to get started you do need to have a space in  order for your guests to stay and that could be a room,  it could be an apartment,    it could be a trailer, but  as long as it's comfortable, safe, clean, and inviting, you'll be able to implement  your Airbnb strategy. 
1.Set up your host account.   

In order to get started with Airbnb, one of the things you're going  to need is a host account, When you sign up for an Airbnb account , it'll take directly to your host account and I believe it also provides you with an incentive bonus in order  for you to get started. When you're setting up  your Airbnb host account, they're going to require  you to upload a photo, they're going to need  your name, your address  and your bank account information.    Now the beauty of that is, you'll never have to collect  any money from a guest. Airbnb will collect all  the money from the guests prior to check in and  24 hours. after check-in,    they will deposit the  money into your account.  So that's something you  want to make sure you do and make sure it's done properly. That information is all secured  inside of Airbnb platform and no one will get it. 

2. Add your bio.   

After you've added all of your sensitive information  to include name, date of  birth, image, bank account, you're gonna want to add your biography, you need to create a nice  little biography about yourself so that when guests are looking at you, they're gonna see what it is you want them to know about you, so you want to make it  nice, warm, and inviting. 
3.Take a  couple of decent pictures    of your living space. 

Now, when it comes to pictures  you'll see a lot of people telling you that you have to  have professional photos shot, it's not true, if you do the optimization  right of the listing,    then it doesn't necessarily need    to have great photos,    but you also don't want  them to be horrible either. So what you can do, is  use your cell phone, typically our cell phones have cameras that are more than adequate,  and all you need to do is turn on all the lights in the home, turn on all the lights in the room that you're taking images of, open up all the window dressing so that you're getting a natural light and then just take a couple of pictures. Typically, you want to stand  in the far corner of the room, in the far corners of the room in order to get the best images. Now, take an image of the bedroom, take an image of the kitchen, take an image of the bathroom and take an image of the exterior. you Need at list four images to begin  and then you can move on because you're going to get back and you're gonna be able to add more later, but you don't want to have to be so concerned about  all the images in order to get yourself up and running online, okay, get  your listing up and running.  

4. List your space.

Now that you've set up your host account, you're gonna have the  ability to go into Airbnb and list your property.   Now when listing your space,  you need to decide if you are listing a private  room inside of your home, or your apartment, or  inside of your camper. Before you list your property,  you need to determine if you're going to have  shared housing arrangement or if you're hosting the whole  space for the guests to stay. If it's a whole space, you're  gonna list the bedrooms, the kitchen, the living room,  the dining room, the bathroom, so you're gonna add those  as part of the space if it's the whole house, you're also gonna add the  different amenities as well such as, if you offer laundry,  if you offer free parking, if you have a pool, those kinds of things. If it's shared space, meaning you're giving  the guests a private room where they'll have a lock and a key    and they will be sharing the common areas such as the bathroom, the  living room, the kitchen, then what you're going to do is you're going to still put  the address of the home  and then you're going to list  the space with one bedroom, Along with the one bedroom, you're gonna still list  all the shared areas, so the kitchen, the  living room, the bathroom, As well as all the amenities,  as I mentioned earlier. Now here's the thing, if  there's more than one bedroom and you're looking to list  each bedroom separately,  after you finish that listing, then you would copy the listing  and create a new listing and you would name that room two. So you would have room number  one with all the amenities, same address, just listed as room number one inside of that address, and then you would have room  number two, all the amenities,  same address and if you  have more than two rooms, then you would do the same  thing over again. Now many people ask me, why would someone want to share space? Why would someone do that?  Well, I can tell you,    many of my listings are shared housing, right, but think about this  and so I know it works, I know that there's a niche  but it really isn't something    that takes a genius to figure out, think about most people that have their houses on Airbnb, most people that have  their houses on Airbnb are people that have a  home, maybe just like you or an apartment, maybe just like you and they're just looking  to earn a few extra bucks off of their extra space  that they're not using. so when they're welcoming guests, guests are coming  expecting  to be staying with the person that lives in that home, so most guests that  are coming in to Airbnb are living in those shared  spaces, the only difference is,  when we pick up properties, we're picking up properties and we're making all the spaces shared, except for the bedroom, so they're private rooms  inside of the space and they're sharing    with other like-minded business  travelers that are coming for a particular purpose to your town and they're looking for  an affordable clean  safe space  for them to sleep and shower, as if the were in a hotel but the difference is they're  not paying hotel prices. 
5. Publish your listing and snooze

Now the reason why you're  going to put it on snooze is    because remember, we  only added four photos, four or five photos to the listing, so the listing is not  exactly what we want. However, we don't want our  listing to have to wait until we get all the  photos uploaded or taken. So remember, I said we're gonna get up and running in 24 hours, right? So what we're gonna do is, once you get all the  details into your listing, you're gonna hit the publish button and once you've published it, all you're going to do now  is put it on snooze. So now no one can see the  listing because it's on snooze and what this does, is it now  gives you the opportunity to optimize the listing , it's live but no one can see it. 
6. Optimize your listing .  

The optimization of your  listing is a key factor for  you to  get  great placement    inside of the Airbnb algorithm. Now, many people will say you have to have    professional photos, it's not true. The key is, if you describe  your listing well, properly, if you have good prices,  if you take decent images so they can get a good enough feel for what's there, most people will definitely contact you.
if  you write your bio properly, most people could care less if the images are  professionally done or not.    As far as optimization of the images, couple things you need to do, you need to make sure your first photo is really good, another things you need  to do,  you need to go to Google and you want to pick up some nice photos, some images that you can use,    that depict the area that  people are coming into. So if you're in New York, you definitely need to get some  landscape shots of New York, some nice skyline shots of  New York, if you're in Boston, you would do the same thing and maybe some of the things that people are really coming there for, or when they get there maybe  they might want to visit, the Statue of Liberty, the  Empire State Building, things like that, and you want  to add those to your listing. What you also want to do is you want to add the descriptions  to your listing as well. So, when you go back and  take the rest of the pictures and begin uploading  them into your listing, what you want to do is you want  to have your photos in a way    that when people are  looking at your listing, it kind of walks them through the house. So you might want to  show your exterior first and then the bedroom and then the kitchen and then the living room and the bathroom. So you can decide on the best way that you feel works for you and you always want to  have your best image first,    and when you do that  and you do it properly, what's gonna happen is when  you publish your listing, the Airbnb algorithm  takes notice of people that are on their website,  looking at all the listings, and the things that they are looking for when they're going through your listing,  if they slow down on the listing  or they click on the listing, their algorithm recognizes that. The more engagement you have  on that  listing, the more they're going  to serve up that listing , one other important aspect you need to take note of, you need to give your  listing a good title.  You need to have a good title, and typically what I would say, I always tell people,always be descriptive with your titles. lets say you write a title to be  beautiful private room  inside of warm home, Or cozy, quaint, private room  near whatever the landmark is, and so whatever those things are, that people are coming for, the attractions of your particular city, you want to add that to your title. So for instance, if you in a place you are not  deceptive about,you  would say lovely home,  very close to Madison Square Garden, or very close to the university, And you just name whatever that landmark is. so that's very important as it relates to part of the optimization. very important,  the  title must  have something  that's nice and descriptive, but you also want to place tag  inside of that title, also you need to add photos of something  you know in  that area that's a big draw and a big reason why people will come. So that way, when people  are doing their searches, not just on Airbnb, but also in Google, when they're doing their searches    because you've tagged it in your title, then they're more likely to  find you versus someone else that just says nice private room in Rochester.
7.  Determine the time to welcome your guests.

Now at this point, remember  because we're trying to get this up running within  24 hours, most likely,  you're not gonna be ready  to welcome your first guest  in the next 24 hours, however,  you want to have your listing live,  Let me tell you why,  because once it's live, what you're gonna do is  you're gonna determine at this stage, when do you want  to welcome your first guest? That might be a week from now,  might be two weeks from now, depending on your schedule,  when you're going to be there, when you're not going to be there or whether you're going to have the space actually ready and available for them to come.So if it's going to take  you three or four days, what you will do is you look through the  calendar of Airbnb, then   block off that three to five days, however long  you need and that's it,    and then what you're going to do  is that you will un-snooze    and finish publishing your listing. So now the beauty of that is, while you're getting your  listing up and running right, and prepared to welcome your guests, Airbnb is serving it out and letting everyone know that it's ready for them. the first day they book would be five days from now,  or whatever the day you set, and so now, it's being served up to people that are looking for listings in your area  and you will definitely be able  to start getting bookings and inquiries immediately, So think about it, when someone books, what do they have to do? When you approve them, they  have to pay Airbnb right there, right then and there, they don't wait until they get to the apartment to pay Airbnb, they pay them as soon as  you approve that booking, that's money in the bank pretty much  because once they arrive,  Airbnb will then electronically deposit the funds that they've  collected into your account.  
8. Watch the activity on your account grow. 

You're going to watch it and  see how people  are going start making  inquiries right away. They will start making inquiries about your space which you will see  on your app. Once you create your listing,  download the app into your phone,  that's will save you  a ton of time,  But you're going to watch the app and you're need to respond to those inquiries on your app.  So that's it, you don't  need to have your computer, it's best to set up your  listing on your computer, but then after  you need to download the app.
9. Watch your listing start ranking up. 

Now, you're not going to get your EFT deposits  until 24 hours after  they check in, however, here's a little something  that most people don't know, which could be a little bit of a bummer. when you first  set up your account, they wait 30 days to deposit your first  transaction into your account, and then everyday every  transaction after that will come in 24 hours after your guest checks in,  it's one of their security  measures of  that your first payment. you won't get until 30 days  after your first booking.  So now, I told you I was going to give you a hack. Here's a hack on how you can speed that process up. So one of the things you can do, remember when you put  your listing on snooze, remember it is live, no one  can see it though, So what you want to do,  is if you have a friend or family member that doesn't  live in your residence, they can go on and book for one day, for that day you can even  drop your price. So they can book. it's simply utilizing that as a way for you to do a couple of things, one, get familiar with how  that online process works, two, you'll be able to  get your first review, because after they book,  they'll also be able to leave your review, which is very important. Getting those reviews  makes a big difference when someone else is looking  at your listing,So when they see reviews, it just makes them more  comfortable, in that process they will be able to leave  you a positive review, and then lastly your 30-day  clock for your payment window is starting to run, so  after they've booked,    they've checked in, that $20 or however much they paid  in order to book your room,    your home, or your space,  Airbnb has collected that    and now they're running the clock, And so if it takes you another  five days or seven days or 10 days to get your listing set up, so that you can start  welcoming your other guests, then your clock has already started running, You don't have to wait until  you welcome another guest  before that 30-day clock runs. So if you take another  10 or 15 days and do that and you welcome your first guest, in 15 days you welcome that first guest,    now you only have to wait 15 more days in order for your payment to come. the reason is  Because you've already  spent the first 15 days of your probationary  period on that first guest, so that's a great hack and then after the total  30-day period is up, then every time you book, like everything else that was booked will start coming in 24 hours after they've checked in. And so that's the beauty of Airbnb, and what's nice is when you  start getting comfortable  and familiar with how  to welcome your guests and how to communicate, you start seeing how that cash flow comes in with Airbnb, you will definitely want to begin  adding more listings. The thing that I love most, Is about the rental arbitrage strategy, is that you don't have to own property in order to have listings on Airbnb. You can rent out more space and then you can get Airbnb  rental income from that space, in most cases if you  use the right formula, is much more than what you  would pay to rent that space. Typically what I get, is double to triple what I'm renting the space for, so if I'm renting out a whole house and I'm paying $1,200 for that home,    I'm at minimum going to be  getting $2,400 from Airbnb so I can pay the rent, 1200, and then I keep 1200 for  myself, after removing  the utilities or any other fees.  and then the other thing is, when you set up your listing properly, you need to  add a  cleaning fee that covers what you're going to  be paying your cleaner or paying yourself, or paying your son    or your daughter,  You're going to be adding the  cost to take care of that, so that doesn't affect  your overall income, You're not necessarily  looking to make money on your cleaning, but  what you want to do is you want to add the cost so  that it offsets your expense, and most Airbnb guests are used to that, so as long as your fees are reasonable,  then It will not pose a problem. So that's how you start your  Airbnb business in 24 hours,    getting it up and  running in just nine steps. If you enjoyed this article  or if  it was helpful to you, then please again,  subscribe to the blog  like, share and comment below.