Short-term rentals have quickly grown in popularity over the past few years and can make great investments. Learn how to perfect your future rental property and how you can finance your rental with an Arizona Airbnb Loan.
If you’re looking to enter the short-term rental business, you’re in luck. More and more travelers are opting for Airbnb’s over traditional hotels, and rental property owners are profiting. To create a successful Airbnb, it’s important that you offer what a hotel cannot. Here are five things you should consider when developing your Airbnb:
1. Thoughtful gestures People appreciate kindness. Taking a few minutes and giving them some welcoming touches will make them happy they picked your rental. Hotels can be generic and cold, treating each guest the same. As a rental property owner, you should go above and beyond to make your guests’ stay as great as it can be. Providing a guide to local hotspots, putting wine in the fridge, and leaving a welcome note are all little things that will add a personalized touch to your guests’ stay. Remember: online reviews go a long way. The happier your guests are and the better review they leave you, the more likely you’ll be to get more visitors in the future.
2. Cleanliness Treat your rental guests the same as you would treat your houseguests. Sweep the floor, fluff the pillows, and give them extra sheets. Really, you want to make them think they’re the first guests to stay there. Finding someone else’s toothbrush in the bathroom doesn’t really say “comfort.”
3. Number of guests The more guests you can have at once, the more money you’ll be able to bring in. If your rental maxes out at two people, you can’t charge as much as if you had seven people splitting the cost. Small rental? There are ways to extend your space to make it livable for more guests. Even if you have one bedroom, you can use pull out couches, air mattresses, or Murphy beds to accommodate more guests.
4. Marketing Marketing is something that can be easily overlooked but is one of the most important factors in getting people into your rental. Your rental could look great in person, but if the pictures don’t show that, renters could be few and far between. Hire a photographer to snap the best images of your space or research photography tips online and shoot them yourself. While you’re at it, make sure your profile picture is up-to-date and shows that you are a trustworthy landlord. Finally, ensure you have a quality description of your Airbnb that highlights the unique benefits of your rental.
Financing Your Airbnb
There are a lot of costs that go into preparing a short-term rental property, from purchasing to remodeling. Applying for an Arizona Airbnb Loan with a hard money lender is a fast and easy way to get the funds you need to start work on your rental property. Money lenders can provide Arizona Airbnb Loans much faster than banks and do not use your credit against you when you apply.
Look to Level 4 Funding for your Arizona Airbnb Loan.
Level 4 Funding is a hard money lender that offers Arizona Airbnb Loans at competitive rates. If you’re planning to start an Airbnb, ask Level 4 Funding about how they can help you finance your dream property.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.