My life as an Airbnb Host

What I've learned from hosting and how I make money using Airbnb

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Get £30 Airbnb Travel Credit for Free

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Get £30 Airbnb Travel Credit for Free This is only for new users of Airbnb. As far as I know there is no easy way to get free travel credit if your already a registered user of airbnb. If you have not linked your account to Facebook it is possible that you can sign up with a new email address and get another £30 free credit. There are terms and conditions such as that you need to make a booking of £55 or more the use the free credit. The amount of the free credit has varied from time to time from as low as £15 to the now high £30. There is also a bonus for new hosts but this has been wound...

How Airbnb can stop you getting a mortgage and How to automate your Airbnb

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It’s now May in London and it’s finally gotten warm like summer. I no longer need to keep the radiators bering all day and night to stop my guests complaining about being cold. Its been steadily busy the last few weeks. I have so many regular airbnb guests now (those that come almost every week to London, usually for work purposes) that I feel the slowdowns in bookings much less than previous years. I read a newspaper article recently that more tourists are visiting London than ever before so I expect most hosts are doing quite well. Getting a mortgage with Airbnb Recently I...

Airbnb Review Categories and Find an Airbnb Co-Host and save on Tax.

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It’s March in London and we just put the clocks forward one hour which means only one thing – spring is on the way. We are now out of the worst of the Airbnb low season and things are already picking up. I’ve had several bookings as far in the future as August but still most of my reservations come in less than a month before the actual booking date. Airbnb Guest Review ‘Issue Categories’ I’ve noticed that the guests reviews now reveal the actual number of stars you received (it’s between 1 and 5 stars). When I first started hosting this was not...

Should you accept cash payments from Airbnb guests? and How to automate your Airbnb home.

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Its January in London and cold and wet. The number of bookings I am getting has reduced and I have the occasional empty day. This is the same as last year i recall so I’m not worried. The low GBP will keep the tourists coming to London and I keep my prices low so I’ve always got a steady stream of customers. I have many ‘regular’ customers who found me on airbnb but have kept coming back and now pay me cash. Should I accept guests who pay cash? Nobody want to pay the airbnb service fee but that’s the price you pay for using their platform. Without the airbnb...

New Airbnb 90 day House Sharing Rules in London. Do they affect me?

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It’s December in London and Christmas is coming. After a very busy Autumn Airbnb has started to go quiet. I am booked most of the time but some days I have one or two empty listings a week. It has been the same the previous two years and usually pics up towards the end of January. The price I am charging for the each listing has risen slightly this year (after being flat for two years). I believe this is possible because of the lower GBP versus the Euro and the Dollar. New House Sharing Rules in London New rules from the Greater London Authority (which only affect Airbnb Hosts within...

Getting last minute Airbnb host bookings and Will the lower GBP benefit UK hosts?

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After a very quiet August bookings have picked up in September. I also have removed the minimum two day booking rule on all my listings. I was starting to get empty rooms and I just couldn’t see that money go to waste. This means more single night bookings and therefore more sheets to clean and checking guests in and out but this is the price to pay for keeping a full calendar. Last minute bookings Last minute bookings can be very rewarding. If I have a gap between bookings I sometimes put the price really high (usually 50% price increase) in the hope of getting a last minute windfall...

Will Brexit effect Airbnb? And Changing a reservation for a guest.

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It’s August in London and it finally turned hot after many weeks of rain. I was really busy in June and most of July but it has gotten quieter in August and I have decided to drop my prices slightly to reflect that. Although I did put the price up on one room on a Friday night by 50% (because I didn’t want it filled that night as I had plans the next morning) but it sold suddenly at the last minute to a really nice man from Taiwan. Brexit and Airbnb In June the UK voted to leave the European Union. The immediate effect of Brexit was the £ Sterling dropped a significant amount...

Resolving an issue with your Airbnb guest

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For the first time since becoming a Airbnb host more than a year ago i’ve had to use the Airbnb Resolution Centre. I was impressed with the results but perhaps my case was an easy one fortunately I haven’t had any serious problems being an Airbnb host.     I raised a Airbnb Resolution Centre case because a guest had booked the room for one person but sneaked his girlfriend in to sleep the night. He checked in by himself but at some point during the night while I was sleeping very quietly brought his girlfriend home. It was almost certainly pre planned and I would never...

How much should I increase my Airbnb prices during the summer?

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Spring is in the air in London and I’m fully booked. I occasionally raise my prices on days where I would prefer to not be full (to give myself a bit of a break) but even these slots were booked up. After 3 months of cold weather and horrible rain it looks like the weather in London is about to improve. Better weather usually mean more guests so it could be very busy over the next six months. How much should I increase my prices during the summer? Although I do increase my prices during the summer it’s not by much. Only a few extra pounds per night. Part of the reason is that I...

Making your Airbnb listing safe for guests

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Finally we are coming out of winter in London. Its getting brighter in the mornings and evening and Christmas is just an old memory now. The heating is still on non-stop in my Airbnb house as the couple from Singapore find it very cold even on a nice day. My gas and electricity bills are double last years despite the recent global fall in energy prices. Being an Airbnb host means higher costs and greater wear and tear on everything. Demand did fall over winter especially when the temperature started to get very low but now i’m getting fully booked every day again. Do I need extra...

How to do your first Airbnb listing and How do you decide if being an Airbnb host is right for you?

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A friend of mine has just become an Airbnb host for the first time. His first guest had just finished her stay with him and had left a nice review. The listing is a private room in his London flat near Shoreditch High Street and he charges £35 a night. Being an experienced Airbnb host myself my first question was “did you use the airbnb photographer for your listing?” He said “No need, I did the photo’s myself.” This is a big mistake. You need to make your Airbnb listing as professional as possible I did a search for my friends Airbnb listing and it was full of...

Should you have Airbnb guests on Christmas day?

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Its December in London and the weather has been unusually mild for this time of year. Bookings have dropped off since the autumn and I’ve reduced my prices again for the new year. I’m now charging £28 a night for a double room for two people – this time a year ago I was hoping to be able to charge £35 a night by now, so its very disappointing. I have 200+ reviews and most of them have been positive but my five star review rate is still languishing at 64% and has been for about a year. I have noticed that there are more listings in my area and they are mostly double rooms at...

How far ahead should I take bookings?

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Its coming close to winter here in London and although the first snow has not yet fallen bookings have become thinner on the ground. I am lucky that London always has someone arriving from somewhere, so bookings do come in no matter what the weather is but sometimes it’s nice to have firm bookings in advance – or so I used to think? The problem with being an airbnb host is that it becomes your life in many ways. For some this is a good thing and can add meaning and a source of enjoyment. For me this means I am effectively on call 24 hours a day. I can’t afford to pay anyone...

Airbnb hosts are not affected by the new buy-to-let tax rules

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Have you heard of the new rules regarding the tax deduction on mortgage interest for buy-to-let (otherwise known as an investment property to the rest of the planet) in the UK? The recent announcement by the UK government that tax relief is going to be limited to 20% has just been made clearer by some of the details. You can read this article in the Telegraph for further details:  The main point is Airbnb hosts could be exempt from the new rules and still be able to claim the full tax deduction. This will come as some relief for many an airbnb host including me. The general reason for this is...

Get paid twice for your listing and how to automate your Airbnb business

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I recently changed my Airbnb cancellation policy from Flexible: Full refund 1 day prior to arrival, except fees to Moderate: Full refund 5 days prior to arrival, except fees. The reasons for doing this are that I did have a few cancellations over the summer and although I had managed to refill most of the empty spaces in my calendar I started to think there is a real risk of a last minute cancellation causing significant financial loss to me so I decided to change to Moderate. This at least would give me 5 days to refill the space. What I didn’t think of was the possibility of selling the...

What should I do if I’m not getting bookings on Airbnb?

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August has possibly been my worst month for new bookings. My calendar for the month of August was actually quite full but September onwards is looking pretty empty. I find that guests tend to book about 4-6 weeks in advance so to have so many blank spaces at this stage is not good. Some guests do book much further in advance of course but the main bulk tend to come in only about a month ahead. I do get a lot of last minute bookings due to my location in central London but I would prefer to have bookings all my bookings in advance given the choice even if it meant losing a few quid. Why have...

How to get rich using Airbnb?

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Can you get rich using Airbnb? Some DO I’m sure. But how do they do that exactly? Most of the stories I’ve read about those who’s say they’ve made sooo much money using Airbnb go something like this – “I was taking a six week vacation (they are usually from the USA) and decided to give using Airbnb a try to rent out my apartment while I was away. I was making so much money I decided to quit my job and stay on vacation forever.” Or some bullshit like this. The obvious point they never seem to touch on is the fact they already own a apartment in a very...

When is the peak season on Airbnb and how to get rich on Airbnb?

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I’ve noticed a reduction in the number of bookings coming through. I’ve got quite a few empty slots from the end of August through September and beyond (in my experience people tend to book only a few weeks in advance so it’s no surprise December is still empty for example). A quick look on the Airbnb Groups discussion page for London hosts and many of the comments there are saying the same thing – not enough bookings. What to do if your not getting bookings? I price my listings cheap and to have an empty room now and again is disappointing but no big deal for me. Those with expensive big...

So what’s it really like being an Airbnb host

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I’ve been a Airbnb host now for nearly a year and have had over 150 guests in that time. Most guests stay for only a couple of days which suits me fine as the longer the guests stay I find they are more likely to hang around the house, and eat smelly takeaways in the bedrooms, instead of exploring the city. Weekly and monthly rates I choose not to offer a weekly or monthly rate for the reason that I don’t like longer term guests. I don’t offer use of the kitchen or living areas in my house so guests are limited to their bedroom and a bathroom. My ideal guests is a...

The UK emergency budget July 2015 and how it affects Airbnb Hosts

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There were some changes in the UK emergency budget this year that took many by surprise including me. The changes are not directly aimed at Airbnb hosts but will affect anyone who derives an income from property in some way. 1. The increase in the rent a room tax free allowance from £4250 to £7500 a year from April 2016 is excellent news for Airbnb hosts. Hosts earning £7500 or less will not need to declare any income to HMRC. 2. The end of the 10% wear and tear allowance for landlords (a non-cash deduction on gross rent) will end in April 2016. 3. A phased withdrawal of tax relief on...

My life as an Airbnb Host What I've learned from hosting and how I make money using Airbnb

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