Renting your home out while you are away has been a growing in popularity nationwide. Here are some tips to make your experience a smooth one while still earning some cash.

 

1. Consider the Risk Involved – And make sure you’re covered! You will be opening up your home to strangers so take into consideration the potential risk that comes with it. Whether it be damage, injury, or theft, be prepared. While these cases of bad guests are not common, it is better to have the proper measures in place to protect yourself from these issues.

 

2. Know Your Area – Are you in a quiet neighborhood with neighbors that take the look of their community and noise complaints seriously? If so, take into account these neighborhood features when posting your listing. Be mindful of the types of people you want to attract to your home.

 

3. Be a Good Host – Having the proper furnishings and amenities is critical for taking part in this program. You wouldn’t want to get to a hotel room and find an empty room. Preparing your home for visitors will make both parties’ experience a positive one.

4. Be Clear About Rules – Are there certain rules you would like followed by someone staying in your home? Be upfront about these on your listing. This will avoid surprises or awkward situations when your guest arrives.

 

5. Review the Legal Papers – It may sound tedious but it could save you a headache in the future. Your home is valuable and important to you so make sure to take the time when it comes to using a program such as AirBnB. Doing this could protect you from serious repercussions in the future.