Many new retirees find themselves missing the hustle-and-bustle of their children in their home and yearn to make some extra cash to fund a comfortable lifestyle.
If you would like to boost your retirement income, and the above describes you, plus you have some spare rooms in your home or an extra residential property, Airbnb hosting might be a perfect fit for you.
Airbnb is a trusted community marketplace for people to list, discover, and book unique accommodation around the world – online or from a mobile phone. It’s a safe, easy and convenient way to share your home with people from other parts of the country or the world.
By 2015, there were already some 20 000 active Airbnb hosts in South Africa, boosting their yearly income by more than R28 000. More than 130 000 guests have stayed in a listing on Airbnb in South Africa.
But the benefits of becoming an Airbnb host go far beyond earning some extra cash, says Nicola D’Elia, General Manager for Africa and the Middle East at Airbnb. “Airbnb extends South Africa’s famous personal hospitality into the online world,” he says. “It’s a perfect way earn income while doing something you love – meeting strangers from around the world and sharing your home and country with them. It’s an opportunity to make friends from different places and cultures while showcasing the best your city and country has to offer.”
Airbnb is built on trust, with safeguards to protect you from a range of risks when you share your home. Both guests and hosts have a profile with a picture. After a trip, everyone gets a chance to write a review – this keeps guests accountable for treating hosts and their homes with respect.
For further peace of mind, Airbnb’s Host Guarantee Insurance is designed to protect you from liability in case your guests get hurt or cause property damage. It’s automatically included as part of your Airbnb account.
Airbnb also simplifies your life by taking care of the basics. It handles the payments so you don’t need to chase your guests for your money. They pay Airbnb before they arrive, and Airbnb pays you 24 hours after they check in. Listing on Airbnb is free; Airbnb simply takes a 3% host service fee on each reservation.
You set your own prices, when the property is available to guests, and the rules you expect your guests to follow in your home. It is transparent and straightforward. To get started, simply sign up as a host and create a listing.
From writing a great listing description and getting your home ready and choosing a price, to understanding your responsibilities under local laws — Airbnb has tools and resources to help you – more about that in future articles in this series.
Many thanks to Airbnb hosts Danelle & Hendrik who allowed us to feature some images of their home, Chabivin self-catering, in Stellenbosch, Western Cape. Click here for more information on their establishment.