New host

[Darlene257]

Hi,

I want to become a host. Can someone please guide me thru this process? What are all the fees?

Also, If I lived in one state and wanted to buy an airbnb at another state, how does this work? I will need to hire a co host locally?

Thanks,

Darlene

[Mike-And-Jane0 · Accepted solution]

@Darlene257 The process is very simple

1) Check it is legal to Airbnb in the property location

2) Check you do not break HOA rules by Airbnbing

3) Check your financier allows Airbnb

4) Check you can get insurance on your Airbnb

5) Create a realistic business case to see if it is worthwhile to host

6) Create the listing

The fees are either 15%+tax host only fee or 3%+tax host fee and 14.2%+tax guest fee. These work out very similar depending on your tax rate.

Some hosts do so remotely but you need very good and trustworthy people on the ground at the listing. Don't fall for the people who claim they can co-host remotely. A co-host could easily add 20%+ to your costs

[Darlene257]

Thanks Mike & Jane for your prompt guidance.

The fee's percentages apply worldwide or different by areas? And those fees are fees airbnb will take from you when you have reservations confirmed?

Sorry if I have too many questions 🙃.

Darlene

[Mike-And-Jane0]

@Darlene257 The fees are worldwide (slightly lower for 28 day+ reservations). You only get charged when you get paid for a reservation and you only get paid when the guest arrives.

[Darlene257]

Thanks again Mike-And-Jane0

[Margaret491]

ask a superhost ambassador, they can guide you through setting up your listing 

[Joan2709]

Hi @Darlene257 

Great advice from @Mike-And-Jane0 ! 

I whole-heartedly agree you need someone in the local area to help with your listing if you are in another state. A Co-Host can do that for you. Co-Hosts can help you manage some things remotely (calendar, pricing, reservations, reviews, marketing, advise on smart home devices, etc.), but can't handle things like cleaning, maintenance and emergency situations (water leaks, hot tub not working, etc.). 

I would add to be sure and find out what taxes you are required to pay (sales tax & occupancy taxes). The best way to do this is by contacting the actual taxing authority and/or going to their respective websites. Be sure Airbnb (or you as Host) are doing this properly to avoid some "nasty" surprises come tax time. Remember, tax rates can change (or new taxes added) as well, so you need to stay on top of that.

[Darlene257]

Thanks @Joan2709. I have it noted 🙂