My Airbnb made me $2,300 a month and was almost always booked. Nightmare guests made me quit hosting. - Business Insider Africa
Summary
A host reported earning $2,300 monthly on Airbnb with almost constant bookings, only to quit due to difficult guests. This highlights the financial potential of STR hosting but also emphasizes the importance of guest screening and managing guest behavior. Balancing profitability with a positive hosting experience is crucial.
Key Insights
- •The host generated $2,300 per month, highlighting the earning potential of Airbnb hosting.
- •The property was almost always booked, indicating high occupancy rates for the host's listing.
Action Items
- ✓Hosts should develop strategies for guest screening to mitigate the risk of problematic guests.Effort: lowImpact: medium
- ✓Hosts should establish clear house rules and communication protocols to manage guest expectations.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to address problematic guest behavior can lead to host burnout and lost revenue.
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Curated by Learn STR by GoStudioM