Episode 125 All About Being a 5-Star Airbnb Host & Running a Successful Short-Term Rental Business

Written By Girija Patel

Are you (looking to become) an Airbnb host? This episode is about how you do it like an industry expert. Tune in to find out more!

Episode Introduction: 

In this week’s episode of Law Chat with Girija, we’re joined by short-term renting superstars Annette Grant & Sarah Karakaian from Thanks to Visiting who talk to us about all things STR and how to be a successful host.


Episode Summary: 

Annette Grant & Sarah Karakaian talk to us about everything from preparing your property for STR to becoming a 5-star rated Airbnb host and everything in between. This episode is truly jam-packed with value for anyone who’s looking to venture into the short-term rental industry.


Main Takeaways:

  • Some of the best Airbnb markets are not vacation rental markets.

  • Don’t think you can’t run a successful Airbnb simply because you don’t live in a vacation spot. There are countless reasons for people to visit smaller towns and they could really benefit from your service.

  • When figuring out how your STR property should look, start by considering the places you like to stay at and why.

  • Financial success in the STR industry is a result of compounding reviews over a period of time.

  • You need to be transparent with your insurance provider about the intended use of your STR property to get the proper coverage and stay protected as the host.

  • The type of property you rent out doesn’t dictate the type of host you become.

  • How to become a 5-star rated Airbnb Host in 2023:

  1. Be transparent about your property.

  2. Do not cancel on the guest once the booking has been made.

  3. Set clear expectations about the property location.

  4. Check-in with the guests.

  5. The property must be clean and hygienic.

  6. Ensure the safety of the guests.

  7. Anticipate the needs of the guest.

  8. Have a factor of surprise and delight.

  9. Stay in your own property and fix any problems that you may face.

  • While it’s okay to host through platforms like Airbnb, Booking.com, etc. - it’s recommended that you also have your own website and build an email list to generate new leads.

Resources: 
The Hosting Business Mastery Method™ Free Workshop: https://www.thanksforvisiting.me/workshop

Find Annette Grant & Sarah Karakaian:

Get the visual experience, watch the videocast for the episode here: https://youtu.be/-dIQLX92gbk


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Girija Patel
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