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Renting Your Lake Home on Airbnb

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AirbnbAirbnb is an online network where people can lease or rent short-term lodging in private homes. The company was started in San Francisco by two roommates who wanted to “just make a few bucks” by renting out their apartment like a bed and breakfast (hence, the “bnb” part of Airbnb). Today, it is the most popular and fastest growing individual vacation rental website in the world!

Almost anyone can be a host on Airbnb, which allows people to utilize their spare homes or rooms to earn extra income. The host sets the price, and renters pay for their visit in advance online. Both hosts and renters maintain profiles with ratings, feedback, and general information.

This is perfect for those who own a lake home! Lake homes are a great draw in vacation season, and you can earn hundreds of dollars in extra cash by listing your home. Below are some helpful tips for listing your lake home on Airbnb.

Follow all local regulations.

Find out what local regulations, taxes, licenses, permits, and registrations apply where your lake house is located. The governing authorities who control the use and development of property in your area usually have useful information on any such regulations. If your lake home is in a rent-controlled area, there may be stricter rules that apply. Call and ask questions if you aren’t sure – it’s extremely likely you’re not the first person in your area to inquire about renting your home.

Permissions

Some cities and neighborhoods have bans or restrictions on Airbnb, so it is critical you check with your HOA or Co-Op Board regulations prior to listing your lake house. If your lake home is a unit in a condominium community, check your contract to see if there are any short-term lease stipulations.

Remember your neighbors

Consider your neighbors when you plan to host your lake home on Airbnb. When you have guests coming, let your neighbors know so they won’t be alarmed by strange cars showing up in the driveway. This can save you a concerned phone call from your neighbor when they show up, or worse! If your community has a security service, you should also notify them, as well (and make sure your guests have any entry or alarm codes before their stay begins!).

Take photos to post online

At least some photos of your property are mandatory on Airbnb. Just some quick shots with your phone will suffice, but make them attractive! You want to not only give them an idea what to expect, you also want your home to be desirable. Make sure any messes are cleaned up – and be sure to include some shots of the lake from your property!

Make your lake home safe for your guests.

Leaving a reference sheet for your guests can be very helpful. They should already have your contact number through Airbnb, but leaving it there can make it easier. Local emergency numbers, a backup contact, and other services are a good idea, too.

Make a basic first aid kit to keep fully stocked on the premises. The kit should be checked and restocked each time a guests checks out. Make sure there is a fully functional fire extinguisher, and that the guests know where it and the first aid kit are kept!

Confirm that our smoke alarms and carbon monoxide detectors are fully functioning, and that your lake home meets government safety guidelines for your area. Ensure that you have a clearly accessible fire escape route, too.

Make sure your lake home is spotless for guests.

One of Airbnb’s hosting ideals is cleanliness. Providing a clean and tidy lake home will make your guests feel comfortable from the moment they arrive so they can focus on enjoying their stay and the scenery surrounding them. This also demonstrations your obligation to making your guests feel welcome.

Most guests travel light and assume their host will have the basic amenities that a hotel would. Make sure you are fully stocked up on paper goods (toilet paper, napkins, paper towels, etc.) and have plenty of clean towels and washcloths (three to four sets is a suggested minimum) to provide for your guests. Also provide basic shampoo, conditioner, and soap for your renters.

Little things tend to make a big difference with guests’ satisfaction as well. Providing a map of the local area, suggestions for local places to eat and drink, and local events and happenings go a long way with Airbnb renters.

There are many other ways to maximize your income through Airbnb, while minimizing the impact of guests on your home. With these tips, you have an excellent head start!

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Lake Homes Realty Market Report

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Lake Homes Realty announces the 2017 Spring Lake Market Report covering nine states and nearly 400 lakes through the Southeast and Southwest United States. The states included are Alabama, Arkansas, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Virginia.

Our latest market report is packed with 47 pages of comprehensive lake information of lake homes and land for sale including:

  • Biggest total lake markets, biggest home markets, and biggest land markets overall and by state;
  • Most expensive and most affordable home averages by lake;
  • Most listings, home listings, and land listings by lake;
  • Most expensive and most affordable land per acre by lake.

Enhancements to the lake market report include a two-page infographic of data for each state that includes:

  • A price range breakdown of key lakes;
  • “Hidden Gem” lakes that you may not be as familiar with;
  • A map of the current inventory of million-dollar homes;
  • The Top 10 most expensive lake zip code by state;
  • A consumer profile of the typical lake home prospect;
  • The top metropolitan markets from outside each state who use LakeHomes.com to shop for lake property.

What can buyers gain from the report?

  • Finding an affordable lake home can be a challenge. Our report helps buyers understand how lakes compare statewide and regionally by price, which lakes have the most affordable homes or land, and which lakes have the most homes in your target price range.
  • Imagine trying to find land to build your dream home. Our report can point you to markets that have the most land and tell you how the prices compare.

What can sellers gain from the report?

  • Buyers are shopping more than your lake. Our report will help sellers understand how your lake compares to other lakes around you.
  • Knowing how many homes are around the same price range as your home is key when pricing your home.
  • What are home and land prices like at your lake? Our report can help you price your home or land better leading to a quicker sale.

 



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Deductions Aren’t the Only Way to Save on Real Estate Taxes

April 12, 2017

By Bill Brown, 2017 President of the NATIONAL ASSOCIATION OF REALTORS®. Learn more about Bill on NerdWallet’s Ask an Advisor The mortgage interest deduction and the state and local property tax deduction are probably the best-known tax incentives for homeownership and real estate investment. That’s no surprise. Roughly 9 out of 10 home buyers borrow money to […]

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Five Questions to Ask Before Choosing a Lake Home

April 7, 2017

If you are shopping for your first lake home, there are several factors to consider. Between lake geography, utilities, property restrictions, and hidden costs, buying lake property can be full of unexpected surprises. Here are five questions to ask as you get started. 1. What are you looking for in a lake home? This is […]

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5 Steps to Take When You’re Ready to Sell Your House

March 10, 2017

Your home is likely your largest investment. When it’s time to sell, you’ll want your investment to impress buyers and earn top dollar. A real estate agent can suggest ways to make the process go smoothly, but all homeowners can take some basic steps even without professional help. Here are five important steps to take when you’re ready […]

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Outdoor Renovations? Think Budget and Scope

February 2, 2017

  Many homeowners view their outdoor spaces as their own personal oases, places where they can relax, dine and spend time with their friends and loved ones. In light of this, it makes sense that homeowners consider investing in major features that will transform their outdoor areas into additional living spaces. Like any home-renovation project, […]

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Lake Homes Realty Crosses Mason-Dixon Line, Expands to Pennsylvania and Maryland

January 31, 2017

Lake Homes Realty is now licensed as a real estate brokerage in Maryland and Pennsylvania. This expands the company’s brokerage operations to eleven states. The expansion into Pennsylvania marks the first company operations north of the Mason-Dixon Line. The firm’s prior state brokerage operations have been located in the southeast and southwest regions of the U.S. […]

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Repairing a Hole in Drywall

January 6, 2017

Holes in drywall can be repaired fairly easy with a minimal amount of equipment and work. Most homeowners can accomplish this with just a few tools. Drywall is also referred to as plasterboard, wallboard, or sheetrock. In order to repair and conceal the drywall holes of different sizes, just follow the steps in this article. […]

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How Energy Efficient Upgrades can Increase Your Home’s Value

December 28, 2016

Energy efficiency upgrades can not only shrink your utility bill; they can also increase the value of your home. Homebuyers are becoming increasingly aware of the benefits of energy-efficient homes. In fact, they’re often willing to pay more for homes with “green” upgrades, says Sandra Adomatis, a specialist in green valuation with Adomatis Appraisal Service […]

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Tips for Celebrating Christmas on the Lake

December 16, 2016

Families everywhere are planning for the holiday season. If you own a lake home, it can be a beautiful Christmas getaway for you, your friends and your loved ones. Whether your family celebrates Christmas, Hanukkah, or any other holiday, here are some tips to help you get ready for a fun, relaxing holiday at your lake home. […]

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