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Prologue
Introduction: Getting Paid for Your Pad
Why Airbnb?
Size and growth
Sticking with one accommodations marketplace
Who is this book for?
How to use this book
Overview of “Get Paid For Your Pad”
Chapter 1: Preparing Your House
Making your space “guest friendly”
Providing access to your house
Managing your space
Kris’ Story
Chapter 2: Creating a Killer Listing
Renting your space as an “entire home/apartment,” “private room,” or “shared room”
Pictures
Profile
Personal photo
Creating your Airbnb Symbol
Title and description
House rules
Minimum and maximum amount of nights
Same-day requests and preparation time
Cancellation policy
Creating an official “Airbnb Guidebook”
Michael’s Story
Chapter 3: Listing on Airbnb for Renters and Condo-Owners
Option 1: forego listing on Airbnb
Option 2: ask for permission
Option 3: listing without permission
Diego’s Story
Chapter 4: Hosting on Airbnb Outside of Major Tourist Destinations
Peruse existing Airbnb listings in your area
Other accommodation marketplaces
Availability of hotels
Tourism bureau
Professional Airbnb scouting services
Robert and Jodie’s Story
Chapter 5: Pricing
Finding an optimal pricing strategy
Setting your base price
Determining base price for new listings
Determining base price for veteran listings
Majority of bookings are made within 30 days of check-in
Adjust your price according to demand
The Airbnb pricing tool
Third party automated pricing applications
Weekly/monthly pricing
Most significant digit pricing
Discounts
Negotiation position
Substitutes
Factors to consider when negotiating
Anna’s Story
Chapter 6: Your Guests
Communicating with your guests
Creating a custom Welcome Book
Touch Stay
Cancelling a booking
Problems with your guests
Feedback from guests
Accepting bookings
Interacting with guests renting single rooms
Becoming an Airbnb Superhost
Jordan’s Story
Chapter 7: Reviews
The Airbnb review system
Getting positive reviews
Bad reviews
Cristophe’s Story
Chapter 8: Promoting Your Listing
Airbnb listing search
Verified factors
Inferred factors
Be active in the Airbnb community
Amy’s Story
Chapter 9: Different Ways to Host on Airbnb
Renting on the fly to fund impromptu vacations
Couch camping to accommodate guests in a one-bedroom rental
Cashing in on popular festivals and events
Trading a home for a mansion
Cara’s Story
Chapter 10: Airbnb Taxes for Hosts in the U.S.
Paying your Airbnb taxes
Rental vs. business: Schedule C or Schedule E?
Deductible expenses for Airbnb hosts
Use a separate bank account for your Airbnb business
Sandy’s Story
Chapter 11: Investing in Real Estate for Airbnb Rental
The best cities for Airbnb investment
Assess Airbnb friendliness of the area and property
Target listings with standout features
Identify your likely demographic given the apartment and location
Use a market analysis tool to estimate return on investment
Determining return on investment independently
Renovation and furnishing
Ashley’s Story
Chapter 12: Safety and Airbnb Hosting
Seven ways to make an Airbnb business as safe as possible
What to do if something goes awry
Chapter 13: An Inside Look at the Airbnb Open
Chapter 14: Final Words
What is next?
Thank you!
About The Authors
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