Today the Coral Team is hitting the road to live nomadically, solely in Airbnbs. We want to meet Airbnb hosts, really understand our community, and use this to build the best product we possibly can. Follow along as we backpack around the United States living, learning, and building.
Here is a shot of a beautiful morning in our Airbnb in East Boston.
We would love to meet you! Our first 7 cities are Boston, NYC, Philadelphia, Washington DC, Nashville, Atlanta, and Austin. Please reach out, we’d love to chat and learn about how we can make home sharing a better experience for everyone.
Additionally, we will be using all Sharing Economy services including ridesharing apps like Lyft and Uber, local delivery platforms like DoorDash and Postmates, and flexible co-working spaces like WeWork. We look forward to joining these growing communities and igniting them around our mission to continue to develop the Sharing Economy and educate consumers. Stay tuned!
Team Coral (Yosyp & Richie) at WeWork South Station
As usual, we’ll hand the mic over to Jim from LearnAirbnb.com:
I have helped a TON of Airbnb hosts over the past year and half. They ask me a wide variety of questions, but many seem to come up time and time again.
So for this Coral Digest, I will be answering some of the most frequently asked Airbnb Hosting questions I receive.
Let’s get started…
Can I Airbnb my apartment if I rent from someone else?
Yes, you can…BUT you should get permission from your landlord first. I’ve seen many hosts start renting their apartment out on Airbnb without permission and BAM…they get kicked out of their apartment by the landlord for breaking the sublet clause of their lease. Rookie mistake.
If not having a house isn’t bad enough, landlords can make you pay the remaining months on your lease and even stick you with other penalties. Ouch!
To avoid this situation, get written consent from your landlord that states you are able to do short-term rentals in your apartment for income.
If you want to learn how to negotiate and get your landlord’s permission to rent on Airbnb, check out this article.
Side note: For an even better chance at Airbnb hosting success, follow the same tips I give you in the landlord permission article to get a favorable blessing from your roommates and neighbors. Make sure you don’t overlook these two groups of people. They can determine if your Airbnb business will sink or float since they may interact with your guests…thus becoming part of your Airbnb rental ‘experience’.
How can I reduce the risk of Airbnb hosting?
This is a valid question since we all usually want to reduce our exposure to risk in all aspects of life.
First things first, do an inspection of your place or have a friend come over as a second pair of eyes for a walk-through. Look for things that could cause an accident or that could break easily. Things to look for include, but are not limited to:
- Have non-slip rugs and shower mats
- No unnecessary glass decorations or furniture
- All light switches and plugs work properly and have been tested
- Tall furniture like bookcases are anchored to the wall
- All floors are clean of debris
- Your space should be de-cluttered
- All tables, chairs and other furniture are sturdy
- Pool/hot tub has a locked gate to keep kids out
All big drops or steps that someone may trip on, have a sign up that says, “Watch your step”
If you find any issues, take necessary precautions to remedy them or inform your guests. It’s better to be proactive with your maintenance because it will save you time, money, and headaches in the long run.
Another way to limit your risk is do NOT allow guests to use things like fireplaces, grills, or other amenities with fire. If you are going to allow them to use these, make sure there is a fire extinguisher next to each fire-based appliance.
If your place does get damaged, you have a few options available to you. Above and beyond security deposits, you can depend on the Airbnb $1MM Host Guarantee. This will cover up to $1,000,000 in property damage in the unlikely event a guest wrecks your rental. It will cover a lot of stuff, but it will not cover cash and securities, collectibles, rare artwork, jewelry, pets, or personal liability. So put that stuff away!
If you want to get more protection, you can consider getting supplemental insurance like a business policy. Here is an article on Airbnb Insurance.
Support your fellow home sharing hosts and short-term rental operators by sharing this post. You will give them the knowledge they need to become the best host they can be!
This article originally debuted as an email newsletter to our Weekly Digest subscribers on 09/22/2015. If you’d like to receive our weekly newsletter featuring hosting tips, tricks, and resources please subscribe on our home page.