Passive income and Airbnb rental, our Bordeaux concierge explains the tricks of this investment
Passive income is, by definition, a form of income that is received on an ongoing basis and requires minimal effort on the part of its recipient. Over time, many realize the importance of creating this kind of income to improve their quality of life. Cryptocurrency, training creation, real estate… Each field presents opportunities for passive income. However, not all of them are fair in terms of personal investment and there are some that are more profitable than others. This is the case with seasonal rentals. Your concierge in Bordeaux explains how to turn your Airbnb rentals into passive income.
What is an Airbnb rental
Real estate investment is one of the oldest investments on the market and generates millions of euros every year across France. But what is the difference between a “normal” rental and an Airbnb rental?
Airbnb rental is a type of rental that is done most of the time for short periods. The owners rent out their studio, apartment, house or villa via specific booking sites such as Airbnb, Booking or Abritel. These rentals must be furnished and have equipment adapted to holidaymakers. This type of accommodation offers extremely attractive profitability compared to the long rental preferred by many owners. Indeed, during the tourist season, an Airbnb rental can easily achieve a profitability two or even three times higher than another rental for the same surface.
But while Airbnb rentals are a worthwhile investment, sometimes it's hard to think of as passive income. Indeed, renting your apartment for a short period requires constant attention and complex rental management. Publication of announcements, reception of holidaymakers, cleaning of apartments between each reservation… these tasks, which are mandatory for the proper functioning of the seasonal rental, can quickly become time-consuming. But then, why choose Airbnb rental to create passive income?
How to earn (good) income with vacation rentals
If the owners opt for Airbnb rental as a source of passive income, it is above all for the incredible profitability of this mode of management. Fast and efficient, you can build solid revenue just by taking advantage of periods of tourist flow throughout the year. But there are also many tips to improve the profitability of your home.
Target your ideal tenant
Don't try to please everyone. Welcoming strangers into your home is often scary the first few times and you shouldn't hesitate to be selective. Do you prefer a single woman, a couple or a complete family? Sell your product to them. Plan a baby bed for families, a romantic breakfast to attract couples or an engaging description to reassure single tenants and make them want to.
Also remember to establish house rules that will be respected throughout the stay. Access to certain rooms, quiet time or return of the keys, keep control of your apartment to allow a healthy and clear agreement between you and your tenants.
Have good calendar management
Every real estate investor goes through this: the fear of emptiness, of seeing his unoccupied home and his rental income end in zero. The risk of not finding tenants for a seasonal rental is low during school holidays. Only, when most vacationers resume their rhythm and find their work, Airbnb rentals do not experience the same profitability.
This is why it is important to favor good management of your reservations, even if it means adapting your prices so that the flow of your rentals does not decrease.
Estimate your costs
As a landlord, you are already subject to fees and other taxes that you must pay throughout the year. But when you benefit from recurring rental income, you must submit to new charges depending on the regime to which you belong (real, micro-BIC or LMNP). Find out about all the charges that will be required of you. This will have a considerable impact on the profitability of your investment.
Take care of your ad
To sell a product well, be as specific as possible. Choose bright photos that highlight your pieces. Choose a harmonious decoration to put your tenants at ease. Why should they choose your accommodation over another? Describe the amenities your apartment or house has and the closest amenities. Take advantage of your geographical location to attract holidaymakers to your home!
Pamper your tenants
Finally, have you thought about the small welcome gifts? Very underestimated, the little care given to tenants can very quickly change the situation and make your accommodation exceptional. Personal attention, listening or quick troubleshooting can improve your tenants' experience and make their vacation unforgettable. In addition to getting to know each other better, these attentions will leave a good memory for your tenants who will then be much more inclined to leave a positive opinion on your ad!
The interest of using our agency and concierge Bordeaux
YourHostHelper provides you with rental management agencies throughout France. Your Bordeaux Concierge offers you its premium services to make the most of your seasonal rental. By using a concierge, you transform your Airbnb rental into passive income in a total way.
For this, YourHostHelper takes care of all the needs of your rental. Edition of advertisements with professional photographs of your living rooms, publication on the most used Airbnb reservation platforms, management of reservations and tenants, breakdown assistance accessible during the rental period, cleaning of your apartment and supply of consumables, your Bordeaux concierge takes care of everything. Enough to turn your Airbnb real estate investment into a very profitable passive business!
The profitability of Airbnb rental is no longer to be proven and so much to develop thanks to the growing demand for this type of rental by holidaymakers. Only, to make it an investment with an interesting return, many tricks are to be known and require an undeniable time to invest. However, using a rental management agency like your Bordeaux concierge will allow you to optimize your time and benefit from your Airbnb rental in passive income.
