Discover the 6 Easy Steps to Start Your Own Airbnb Business with Guidance from Airbnb Management Services - Studio KHBS in India!

Quick Summary

• Starting Airbnb in India includes obtaining permits, preparing the space, setting prices, creating a property listing, hiring assistance, and offering local experiences.

• One can increase Airbnb bookings by prioritizing high ratings, providing clean rooms, easy check-ins, essential amenities, safety, local tips, and convenience

• The success of Airbnb hosts is directly linked to the number of properties they own and the rental rates they establish.

Starting an Airbnb business with an Airbnb management service provider like Studio KHBS in India is increasingly popular for those with spare properties or empty spaces. In the financial year 2020, Airbnb India made around 687 million Indian Rupees, presenting opportunities for the travel industry and individuals seeking a low-investment side business.

For those looking to launch an Airbnb business in India, you've come to the right spot. This article will guide you through the process of starting your Airbnb business in 6 easy steps. Make sure to read until the end for all the details.

What are the steps to begin an Airbnb venture?

If you are interested in initiating an Airbnb business in India, here are 6 straightforward steps that shall guide you in commencing your Airbnb venture and turning it into your primary occupation.

1. Obtain the necessary permits

Before starting an Airbnb business, ensure you have all the required permits to avoid legal issues. For instance, if renting out a room in your home, inform the Resident Welfare Association for security reasons.

To list a property in a city, you need to obtain several permissions such as NOCs from cooperative societies, RWA approval, municipal permits, and other essential authorizations. Securing these permissions will ensure a seamless process for the property owner and improve the experience for travelers during their stay.

In order to list a property on Airbnb, hosts need to submit permission documents specific to the property's location. The property will be deemed eligible once the host has obtained all the necessary permissions.

2. You must organize the space.

After acquiring the required permissions, you can start getting the property ready to host guests, ensuring that you provide them with all the comfort and safety they need. There are several factors to take into account in this preparation.

Certain amenities such as refrigerators, microwaves, tea and coffee makers, and geysers should be made available for guests to use. The rooms should offer enough privacy for guests to fully enjoy their stay.

To ensure positive ratings, hosts should consistently ensure that the accommodation is equipped with fresh bedsheets, towels, and toiletries. If the property includes a kitchen, it should also be stocked with essential utensils for guests to use.

3. Price the Airbnb Property

When it's time to set the prices for your Airbnb listing as a host, make sure to take into account all expenses and adjust the property price accordingly. Doing so will enable you to generate favorable profits. Additionally, Airbnb charges a fixed 3% service fee based on the reservation amount.

When setting the price for your Airbnb listing, be careful not to overprice it, as there are many other properties offering better amenities that guests may prefer. It's a good idea to compare your property to similar ones to determine a competitive rate that covers expenses, ensures guest comfort, and generates profits per booking. To get more insights on expenses, consider consulting Airbnb experts to establish a suitable price for your Airbnb business.

4. List your property on Airbnb.

When listing your property, it is essential to be honest and transparent without exaggerating or concealing any issues on or near the property. Failing to do so may result in receiving poor ratings and inadequate bookings.

Always remember to highlight the unique features of the Airbnb property and what sets it apart from neighboring properties. Ensure to include up-to-date photos of the property, as this will give guests a clear idea of its size and characteristics.

To prevent confusion, clearly outline the prohibited items on the premises. This may include restrictions on smoking, pets, or outside food. It's best to communicate these rules in advance.

5. Get the Support Involved

Having staff available to manage the property, handle bookings, check-in and check-out guests, and oversee maintenance is highly advised. This can greatly benefit the host, particularly if they do not reside on the property full-time. Airbnb's allowance of up to three co-hosts for one property, however in India it is one and is a valuable feature to your listing. Ensure that your co-hosts are familiar with Airbnb's terms and conditions and can effectively engage with guests while providing necessary information.

Having co-hosts on board means sharing responsibilities, especially during busy periods. By having a competent team of staff and co-hosts, you can effectively handle guests, engage with them, and ensure they have a comfortable stay, simplifying the Airbnb hosting experience.

6. Offer an Ideal Airbnb Experience for Travelers

Airbnb offers more than just hosting guests at properties. People who don't have a place to stay can also take part in the Airbnb experience. This feature allows travelers to join guided tours of local spots. Locals can sign up to help guests explore different places in their area. For example, guests can imagine trekking on a local hill or going on a nature trail with a local guide providing all the necessary details.

The Airbnb host should provide a schedule of their availability, the maximum number of travelers they can accommodate on a single trip, and the total number of trips they are willing to host. This information will help travelers choose their plans accordingly.

Please remember the following information: You can apply to become an Airbnb host. Airbnb will verify your application and the experience you plan to offer on your tour. It takes about a week for Airbnb to respond to the application. Before you start the application process, make sure you have obtained all the necessary permissions as per local laws.

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