Social Engagement: Medium
What’s What: The sharing economy has changed the way a lot of people make money. If you’re the owner of a home, apartment or big property, your assets can work for you instead of the other way around.
Amava Take: Worldwide, short-term rental sales are gaining on hotels. What started out as a startup idea has changed the hospitality industry and given millions of people a new avenue for making money. As with any other business, there are risks, but there’s also insurance. While some cities and towns have begun to outlaw short-term rentals or make them harder to do, it’s hard to believe that the short-term rental business will disappear anytime soon, even if it continues to change.
From the Front Lines:
What kinds of candidates are you looking for to fill these positions?
Responsible, flexible property owners who are warm hosts tend to be most successful.
Any tips for first-timers to make it a productive and fulfilling experience?
Be upfront in disclosing the details of your property. You’ll get better reviews, repeat guests and fewer hassles.
What’s a typical daily schedule like?
Just some emailing and perhaps some texting. You may want to greet your guests upon arrival and/or see them off as they depart.
From the Trenches:
What’s the most satisfying part of the job/experience?
I have met fascinating people and made many new friends.
How would you describe the hard parts?
Staying in someone else’s home is not the same thing as staying in a hotel. There have been times when I wished my guests were a bit more respectful, but not many of them.
What surprised you the most about the experience?
I actually enjoyed sharing my space with nice people and helping them feel welcome.
Special Requirements: Generally speaking, you need to hold title to the asset that you’re renting out. In some cases, rental apartments can be rented out for short stays by the lessee, but this is subject to municipal regulations and lease terms. Before you jump in, learn more about being a short-term host and consider the distinctions between different listing platforms.
Finding a Position: Two of the more well-known short-term rental platforms are VRBO and Airbnb. Read all the fine print and make sure to consider things like insurance and cancellation policies. If you’re lucky enough to own a reasonably sized piece of the great outdoors, you can host tents or RVs on your property.