Airbnb Hosting: Transitioning from a Traditional Landlord

Description

In this course, you will :

• Make informed decisions on the transition from Traditional Landlord to Host

• • List the pros and cons of converting your existing traditional rental (e.g. 1 year lease) to a nightly or short term rental

• • Decide if a short term rental (like Airbnb, VRBO, FLIPKey etc) can help you achieve your life goals

• • Recognize if you have the skills and temperament to be successful

• • Increase your understanding of what is expected in a sharing economy

• • Think through all the components of making the switch or possibly trying it out by converting just 1 unit

• • Exposure to legal differences and similarities between long term and short term rentals

• • Explore the financial differences and record keeping

• • Increase revenue by transitioning from a long term rental property model to a short term property model

• • Vette guests so you rent to the best

• • Build a great guidebook and welcome package

• • Price dynamically

• • Learn how to differentiate your unit and yourself

• • Make it fun and rewarding so you get repeat guests

• • Save $ when setting up your unit

• • Manage the day to day activities to reduce your time required

• • Make informed decisions on setting up, listing and managing a short term property for long term success

• • Ideas on mitigating risks

• • Compare maintenance and management to what you are doing today

• • Build social capital and understand the peer review system

• • Understand responsibilities to your neighborhood and setting expectations with your neighbors