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May 2, 2024 48 mins

House Money Weekly

In this week’s House Money Weekly segment, Lauren and Alan get together with their special guest Austin realtor Danielle Fountain. They discuss blog 145, 7 Things Hosts Can Do to Get More Airbnb Bookings. This article ties to Lauren’s expertise because she is mostly known for having short-term rentals. Alan, Lauren and Danielle share some rules in their states (Texas, Georgia, and Florida) about short-term rentals. Alan doesn’t go through all 7, but they cover a handful. The first is rotating photos for the upcoming season. Often, hosts take one set of photos, and they just leave it up there. What Lauren recommends is for every quarter use seasonal photos and rotate them in so it looks fresh, especially to the places where there's snow and no snow. Danielle points out this is a good idea for “for sale” listings as well. The algorithm prefers active hosts, so if you are doing little things like tweaking your descriptions, moving your pictures around and even tweaking pricing a little bit. They will know that you are active and you're paying attention to your business. Another thing hosts can do to get more bookings is to check amenities quarterly. It can be a Wi-Fi speed or having an outdoor barbecue and displaying this to people can reach the algorithm. One more thing hosts can do to get more bookings is by updating a listing description. The last thing that was discussed to get more bookings is to respond to guest reviews. It is a good practice because people are going to see the responses, especially to negative reviews which are really important.

 

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Mortgage Minute: Jasmine answers the question: Which loans have PMI? And what is PMI?

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