Hi, I am new to airbnb and this is my 1st inquire asking for rental of my place for 90 days to 4 people in a construction company.
Are there differences in handling longer period rents vs shorter periods? Do I need to lower rent, increase deposit? are there more risks like overstaying, fraud or is there anything else I should look out for?
any information to get me going is helpful.
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@Kader31 Airbnb is just not suited to longer term rentals as there is no contract, payment is only 'guaranteed' for the 1st month and there is no security deposit. Also, depending on your location, you will likely give your guests tenants rights which will be a big issue if they don't want to leave/don't pay the second months rent.
@Kader31If you have no experience in renting long-term then you should not do so until you know the ins and outs of having tenants and the laws surrounding it.
In regards to adjusting your price, that is up to you and how you decide how much revenue you want to make after accounting for the expenses.