How to Decorate Your Rental Arbitrage Property to Attract More Guests

Some property owners may be hesitant to let their homes be used for Airbnb. But if you can convince them that you will take care of the home and get additional insurance coverage to protect their investment, they may be more inclined to go along with your plans.

Another important step in this process is getting high-quality photos of the property. This is typically a one-time cost that will significantly improve your profits for the life of the listing.

  1. Keep it Clean

If you’re pursuing rental arbitrage, it’s in your best interests to keep your Airbnb property clean and neat at all times. That way, guests will leave positive reviews and return to your property again in the future.

A good cleaning crew can help you stay on top of the game when it comes to maintaining your rental arbitrage property. You can hire a professional company or opt for a local mom-and-pop cleaning crew.

A successful Airbnb rental arbitrage business requires a high profit margin that covers your prime rent, furnishing, property management, and other expenses. Make sure you monitor your revenue and expenses regularly to maximize your profits and growth. You should also set aside emergency funds for slow periods. This will prevent you from going broke if the rental arbitrage fails.

  1. Make it Comfortable

If you’re looking to boost your income and have minimal upfront costs, rental arbitrage may be the right path for you. However, it’s important to understand the challenges and opportunities before pursuing this business model.

A good way to make your property feel more comfortable and attractive is to invest in high-quality furniture, including beds, mattresses, nightstands, and dressers. Having plenty of storage space for guests’ belongings is also essential. Ensure that there are ample electrical outlets for charging electronics.

Lastly, neutral paint colors can help guests picture themselves living in the home. Adding bright accents can brighten up the spaces, too. You can even offer your renters a welcome package that includes locally-sourced foods, beverages, and relevant guides to the area. This will make them feel valued as guests and increase your chances of getting great reviews.

  1. Add Personal Touches

If you’re not ready to buy your own property and start renting it out, rental arbitrage is a great option. It lets you avoid a down payment and the costs of mortgage, insurance, taxes, and maintenance. But before you get started, it’s important to understand the laws of your city and find a landlord willing to rent out their property for short-term stays.

Personal touches, like a small figurine or local ceramics, are a great way to make your property stand out from the crowd and draw in guests. But it’s important to keep these elements sparse, as too many can make your guests feel uncomfortable or as if they’re intruding on your home.

You’ll also need to invest in a cleaning crew, either a single mom-and-pop business or a professional company that can scale with your rental arbitrage business. The right team will help you manage your short-term rentals quickly and efficiently.

  1. Make it Cozy

It’s important to make your rental property look cozy and attractive, so that tenants can imagine themselves living there. This will help you attract more tenants and get your property off the market faster.

Many landlords don’t allow tenants to hang up things like wall art, so decorating a rental can be difficult. However, that doesn’t mean you have to give up on making your rented property feel like home.

There are plenty of simple and affordable ways to make your rental feel cosy and inviting. For example, you can add a gallery wall of cheap photos and paintings to create a personal touch. You can also buy inexpensive baskets and trays to serve as coffee tables, with flowers or decorative objects on top.

  1. Make it Stylish

It’s a good idea to get rid of any personal belongings or items that make your property look cluttered or dated. Keep the space neutral with bright accents to appeal to guests.

Another easy and inexpensive way to give your rental property an updated look is to paint it. Many landlords allow this, but be sure to follow any instructions regarding painting and return the property back to its original state before you move out.

Other quick fixes that will add style include adding a plant, updating light fixtures or swapping out old door knobs and cabinet handles for more modern options (be sure to save the replacements so you can take them with you when your lease is up). You could also use wallpaper to create an interesting backdrop for a bedroom or living room.

Leave a Reply

Your email address will not be published. Required fields are marked *