There was a time when buying homes was the only option to settle down in a particular place. Soon after that, there was even a time when people offered their homes to others in order to stay in exchange for an annual or monthly change. There were only two options a person could avail either to be a tenant or a landowner.
However, now things have changed. There has been a huge fall in the rental market due to the intervention of another system of shelter and that is Airbnb. This new shelter system has changed the complete structure of the housing.
But before moving on to the benefits and other facts of Airbnb, let us first know the basics of both housing systems so that it is easy to evaluate the better option. By the end of this blog, you will be able to figure out by yourself whether you should be a host or an owner.
What is Airbnb?
Airbnb is a platform that helps in connecting people who are willing to share their home with the guest in exchange for money. The procedure of doing this is by listing your space, villa, room or yacht on a website.
Then you will have to wait for reservations. It is a form of renting as well but the duration is short compared to other rental options. A guest can stay in a property only for a month. On the other hand, money is paid to the host on a daily basis.
What Is Traditional Renting?
This housing system does not need a long explanation as we all are well aware of it. It is basically an old system that is still running. On the other hand, it is a long term investment strategy. In the case of traditional renting, a real estate owner buys a rental property in order to rent it out.
The duration of renting a property is long compared to Airbnb. Moreover, the tenants pay the money to the owner month basis and in some cases, there are even agreements made about the payments as well.
Even though it is a traditional renting has the advantage of long term duration and agreement then why do people prefer Airbnb nowadays? There are several reasons for this question but we will proceed to it in the next section.
But the main reason behind choosing Airbnb is that people travel a lot now and we all know how expensive hotels can be. On the other hand, Airbnb spaces are even comfortable and also feel like home. On the other hand, the host can even look after the property as well because they do not have to move out of their home in order to cater the place to the guest.
Benefits of Airbnb
Airbnb location is not just beneficial for the host but it is even beneficial for the guests as well. These benefits have always played a major role when it comes to choosing Airbnb over other rental options. Here is the list of benefits of Airbnb.
If you are a person who loves meeting new people on a regular basis then this Airbnb is apt for you. As this rental system is based on short term stay, therefore, you can meet new people every month. Moreover, these encounters will also help in elaborating your sense of culture that is different from yours.
It is surely interesting to know about a different culture, people and places only by renting in your own couch. However, with long term rentals, you will have the same person for a long time and that might even sometime be a matter of concern as well.
When it comes to financial benefits then Airbnb always wins here. The fare rates are higher here compared to long term rentals. The properties that are registered in Airbnb websites make more compared to traditional rentals. As a host, you can earn three times more the earning in comparison to other rental options.
High Demand For Short Term Properties
The demand for short term properties is in peak nowadays. As mentioned earlier people are now inclined towards comfortable places compare to hotels. Mostly, travelers prefer Airbnb because they stay in a particular location only for a short period of time. This is even the case with traveling entrepreneurs as well.
On the other hand, there are many businesses that prefer rental flats and spaces for their staffs rather than booking expensive hotel rooms for them. Airbnb is becoming popular day by day and it is even serving the needs of the tenants either.
The community of Airbnb is huge and the complete system of renting depends upon reviews and ratings. You can view the previous activities of the tenants who are going to be at your place. However, this will help you in ending up with guests who are well behaved and will not make your place trash.
On the other hand, it even helps you to be stress-free regarding the maintenance of your place. The case is even the same as the guests. The guests can even know the previous records of the host and take a decision about their stay.
You Can Keep a Check on Your Place
One of the most interesting benefits of Airbnb is that you have the opportunity to keep an eye on the guest. But always do this in a good way. You have heard many horrifying and hideous stories about how tenants ruin the properties of the landlords. This is surely terrifying for any individual whereas, this isn’t the case with Airbnb. You do not have to move out while you have tenants at your place and in this way you can ensure that there is no harm done to the furnisher, walls, and flooring.
By now you might have accumulated sufficient reasons regarding why Airbnb is better than ownership or traditional renting. Moreover, there is another aspect that you should even have knowledge about. There are several things you should know if you are a first time guest in an Airbnb accommodation.
Things You Should When Using Airbnb for the First Time
Airbnb is a great tool that makes traveling easier and less expensive. Rather than spending sacks of money on hotel rooms now you can stay in a larger space of your choice. But sometime this pleasant and great tool can get a little complex. However, in order to eliminate any mishaps here are some essential things you should know.
Search In A Smart Way: As Airbnb is very popular nowadays it is very obvious that there will be a lot of listing. If you check all the listings then it will surely take you ages to find the best pick. In order to ignore that chaos, try to filter your needs. For instance, search for a location, number of rooms you need and your budget. This will provide you the relevant results and you can find your host and home at a rapid speed.
Verification Is Important: Trust the pictures and hosts those are verified by Airbnb. The pictures that are not verified have the chances to be deceitful. On the other hand, verified pictures mean that it belongs to the property. The same case is even for the verified hosts. If the host is verified then the service is sure to be legitimate.
Send A Message Before Booking: Do not instantly book a place that seems promising to you. Instead, send a short message to the host. Explain your reason for travel and ask a few questions to the host regarding space. Do not straight away state all your demands rather first get introduced and then proceed.
Go For Properties That Have More Home Rules: If you are first time guest then go for the properties that have more home rules attached to it about cleanliness and order. Moreover, you will find two types of properties one with rules and one without. The ones which are with the rule are expensive compared to the other. It is always advised to go for strict rule homes so that you do not end up having any unexpected surprises at the very beginning of your Airbnb experience.
Be Respectful To The Host And Property: If you have plans of using Airbnb again then be courteous and respectful towards property and host. If you want to gain a good reputation in the Airbnb site, then it is important for you to have good interaction and relation with the client. Don’t make the place trash and clean your own mess. Also, remember to be less demanding because the landowner is your host and not staff.
Airbnb is a better accommodation option compared to any other rental systems. It is not only a comfortable option for the host but it even provides a healthy atmosphere for the guest as well. it has even turned into a source of income for many groups of people. Moreover, in this business, there is no need of investing any capital and all you need is your own home.
Thanks for reading!
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