AIRBNB
GUIDE
How to start AIRBNB Business
in 2024
@beachbabe2207
1. Introducton
2. Setting Your Goal
3. Searching
Property
4. Legal Navigation
5. Agreement &
Setup
6. list your Property
7. Managing
Bookings and
Guest
8. Optimising
Pricing
9. Conclusion
Hi I’M Deepika
I’m Deepika, an Airbnb super Host and entrepreneur. Recently
started helping others to setup their Airbnb Business. I had
started Airbnb business as side gig while working in 9-5 job
but once I realised potential this business has, I have quit my
Job for good & started it full time.
it’s been 2 & a half years that I am running this business.
I firmly believe that we don’t have to choose between money
and time freedom. This business is for you if you want to do
something that gives freedom of time & location.
This guide is designed to help you start your Airbnb business
journey. It is based on a list of questions
I received during QnAs on my profile & DMs. Basically for
people with little to no Airbnb business experience who
want to start. If you ever have any questions or need a bit of
advice, don't hesitate to reach out here or my IG
@beachbabe2207. Let's connect and grow together in this
exciting industry!
Airbnb is a global platform that has transformed how
people travel and experience new destinations. It
turns your property into a vacation home, whether
you own or rent it. You can create unique and
personal experiences that can be more profitable
than traditional long-term rentals.
STR (Short-Term Rental) arbitrage refers to the
practice of renting a property on a long-term basis
(usually through a lease) and then subletting it as a
short-term rental, typically through platforms like
Airbnb, booking.com or MMT. The goal is to profit
from the difference between the monthly rental
cost and the income generated from short-term
rentals.
1.Decide your Goal
Decide what you want from this business are you doing
this as side business?(start with just 1 near your home)
Is this going to be your main earning income?(do a pilot in
best possible location, before leaving your current source
of income)
2. Deciding Location- Tourist locations are known to
provide better returns but other locations like metros have
repeated clients. Hence location depends on your Goal and
how you want to expand this business.
3.Decide type of properties-
Do you have good amount to invest and want less
headache with this business?
-Choose luxury properties, these are hassle to setup but
management is easier
Do you have small amount to invest & you don’t want to
risk a lot in beginning?
-Choose budget properties 1BHK,2BHK or 3BHKs
1. Use traditional methods- Brokers, personal networks
2. Online Platforms like 99 acres, magic bricks, no
broker etc
3. Facebook/ WhatsApp Groups for your particular city-
flat & flatmates, networking etc
4. Do not take risk to start in societies where it is not
allowed
5. Always look for properties with less or no owner
interference
Convincing Owners- Understand psychology of
owners, they mostly need just 2 things
1. Somebody to take care of their property and return in
same condition
2. Someone who can pay rent on time
Hence when talking to owners make sure to tell them
your prior experience & mention you have enough saving
to run business even if few initial months won’t be
profitable. And IT IS definitely your responsibility to give
back their home as it is.
Starting an Airbnb business in India is legal, but it involves navigating a
complex landscape of regulations that vary depending on the location,
property type, and other factors. Below is an overview of the key legal
considerations for operating an Airbnb business in India:
1. Regulatory Compliance
Local Laws and Regulations:
◦State and Municipal Regulations: Different states and cities in India have
their own regulations concerning short-term rentals. For example, cities like
Mumbai, Delhi, and Bengaluru may have specific rules related to Airbnb
operations.
◦Zoning Laws: Some areas may have zoning laws that restrict or prohibit
short-term rentals. It’s essential to check with local authorities to ensure
that your property is zoned for short-term rental use.
Registration and Licensing:
◦Depending on the city, you may be required to register your property as
a commercial establishment or obtain a license to operate as a short-term
rental. For instance, in Mumbai, homeowners renting out their properties
on platforms like Airbnb might need to register with the local municipal
corporation.
◦GST Registration: If your rental income exceeds the threshold limit
(currently ₹20 lakhs per annum), you may need to register for Goods and
Services Tax (GST) and charge GST on your rental income.
2. Safety and Compliance Standards
Fire Safety: You may be required to comply with local fire safety regulations,
including installing fire extinguishers, smoke detectors, and having clear
evacuation routes.
Building Safety: The property must adhere to local building codes and
safety standards, especially if it is being used for commercial purposes.
Agreement
You need to decide as per your goal if you want
to go for long term lease or short term
agreements.
Process are pretty simple you can go to any
lawyer/notary nearby, explain them your
concept & need, they will help with procedure
details and drafting agreement.
Note- Agreement cost is to be born half half by
both lessor & lessee.
Setup
Taking furnished place in starting is advised so
you have to make small changes to make
house look good.
Pictures of house will be selling point &
aesthetics of the house will make them look
good. According to your budget you can invest
in initial setup but basics are necessarily to be
taken care of.
1. Start with Stunning Photography
Think of your apartment as a product you’re selling; the
first thing that attracts guests' attention is the photos.
This is why investing in high-quality photography is
crucial.
Make sure to capture the atmosphere, and portray how
it will feel to sit on that sofa and watch TV with you.
family and friends, stage your photos. Use an expensive
bottle of Juice that looks like champagne, fruits, books,
candles, and anything that can elevate your photos.
2. Craft a Captivating Description
Writing a good description for your listing is crucial to
catch the eye of potential guests. Start with a catchy
headline that shows off the best part of your place—
maybe it’s the amazing view of the Burj Khalifa or the
chic interiors. Use bullet points to list the top amenities
and perks, making it easy for people to see what makes
your home special. Be sure to mention any nearby
attractions.
3. Checklist all amenities
Make sure to tick mark all the ameneties list on Airbnb,
this affects your ranking.
Once your listing is live, the focus shifts to managing bookings
and ensuring your guests have a smooth experience from check-
in to check-out:
1.Streamline the Reservation Process: Use Airbnb’s tools to
manage your calendar, set minimum stay requirements, and
control how far in advance guests can book.
Keeping your calendar up-to-date prevents double bookings and
helps you plan your cleaning schedules.
2. Communicate Proactively: Send a welcome message as soon
as a booking is confirmed. Provide guests with all necessary
details, including how to get to your property,
check-in procedures, and contact information. This early
communication sets a positive tone and can help alleviate guest
anxiety.
3. Facilitate a Smooth Check-In/Check-Out: Consider self-
check-in options such as key lockboxes or smart locks to allow
guests flexibility in arrival times.
Provide clear instructions for check-in and check-out procedures
to make the process as seamless as possible.
4. Stay Available: Ensure guests can easily reach you during their
stay in case they need assistance or have questions.
Being accessible and responsive not only improves their
experience but also enhances your reputation as a host.
5. Follow-Up for Feedback: After guests check out, send a thank-
you message and invite them to leave a review.
Positive reviews are crucial for building your reputation on Airbnb
and attracting more bookings.
Highlight Local Experiences: Customize your listings by
highlighting unique local experiences available near your
property, such as the local shows or a best retaurants &
Pubs.
Respond Quickly: Maintain a high response rate by
replying promptly to inquiries and reservation requests,
which can increase your visibility on the platform.
Update Regularly: Regularly refresh your listing’s photos
and descriptions, especially if you’ve made upgrades or
added amenities.
Dynamic Pricing Strategies
To maximize your revenue on Airbnb, adopting
dynamic pricing strategies is crucial. This
involves adjusting your prices based on various
factors such as seasonality, local events, and
demand trends. Airbnb provides built-in tools
that help automate some of these adjustments,
but for hosts looking to optimize earnings truly,
additional software can offer more nuanced
control. These tools analyze vast amounts of
data to recommend the best possible prices at
any given time, ensuring you remain
competitive while maximizing your income.
However for somebody who is just starting, alot
of market study is required to understand
ongoing prices of similar properties. And
updating different prices for
weekdays,weekends,long weekends etc is
important as it directly affects your over all
revenue.
Seize the Unmatched Opportunities in Airbnb Business
Airbnb has seen rapid growth in India, with over
150,000 listings across urban and rural areas. The
platform benefits from the rising demand for
unique and affordable accommodations among
domestic and international travelers. Post-
pandemic, there has been a significant shift
towards longer stays and rural tourism, boosting
occupancy rates. Strategic partnerships and the
promotion of sustainable tourism further drive
Airbnb's expansion in the Indian market.Airbnb
is directing investments towards India to
leverage the surge in both international and
domestic tourism.
Hence now is the right time to start this
Business.
PS- These are basic steps to follow howerver proper project plan
depends on your Goal,location & Budget. I do one on one
consulting for the same, incase you are interested mail at
shrivastavadeepika07@gmail.com & I’ll connect.
Thankyou :)
Hope you have a good journey ahead!
