Airbnb not as profitable as you would like???
Check out these 12 Tips and Tricks to help Cut Costs and Streamline your Airbnb!

Table of Contents (clickable)

• Increase Your Airbnb Profits
• List of products in the above video:
  • Castille Soap (lavender bulk)
  • Foaming Soap Dispensers
  • Shark Rechargeable Vacuum Cleaner
  • FREE Septic Bath Room Sign (printable)
  • Keyless Entry Door Lock
    
  • Ecobee (remote operated) Thermostat
  • Lorex 4k Security Camera
• Home Made Cleaning Solution

Increase Your Airbnb Profits: Grassroots Strategies for Lowering Your Airbnb Bottom Line

Running a successful Airbnb or rental business hinges on maintaining a healthy balance between revenue and expenses. In challenging times, such as low occupancy rates or unexpected downturns, cutting costs becomes essential to staying in the game! Below I explore some practical grassroots tactics to help you trim expenses and boost your bottom line without compromising on quality or guest satisfaction.

1. Optimize Operational Efficiency:
   • Consider giving you cleaner ‘a break’ and taking on a few cleanings yourself, or take some time to research more cost-effective cleaning services.
   • Implement energy-saving measures to reduce utility bills, such as installing programmable thermostats or switching to LED lighting.
     • Consider turning down your heat or AC in between guest stays, especially if the gaps are more than a couple days (consider getting the Ecobee to be able to do this remotely from your phone).
   • Negotiate lower rates with utility providers or explore alternative energy sources like solar power or heat pumps.
2. Strategic Purchasing:
   • Purchase cleaning supplies and essentials in bulk from wholesale retailers like Costco, Sam’s Club, or Walmart to take advantage of bulk discounts.
   • Invest in high-quality, durable furniture and amenities that offer longevity and require minimal maintenance.
     • Consider buying used from Facebook Market Place or Craigslist. This is where you will get the best bang for your buck.
     • Similarly, explore second-hand or refurbished furniture options to furnish your property at a fraction of the cost of new items.
3. DIY Maintenance and Upkeep:
   • Save on landscaping expenses by maintaining your yard yourself or investing in low-maintenance landscaping solutions.
   • Learn basic DIY repair skills to handle minor maintenance tasks like plumbing repairs, painting, or minor electrical work.
   • Regularly inspect your property for issues to address them promptly, preventing costly repairs down the line… “a stich in time saves nine”.
4. Streamline Guest Services:
   • Utilize automated check-in and check-out processes to minimize the need for management costs, or taking up more of your time (allowing you to focus more on growing your business).
   • Provide digital guides or instructional videos to guests to reduce the need for personal assistance and streamline the guest experience. Check out Hostfully – you get one FREE guest book account (I have got a lot of compliments on mine over the years).

Hopefully you found these tips helpful and can see how easy it is to save hundreds, if not thousands of dollars annually by implementing these grassroots strategies, and without having to compromise on service quality or guest experience. Embracing cost-saving measures and optimizing operational efficiency will not only improve your profitability but also enhance the resilience of your business during challenging times, be it local downtowns or recessions. Remember, every dollar saved contributes to the long-term success and sustainability of your Airbnb venture.

Home Made Cleaning Solution

Per 1 Liter bottle use:

• • 1/4 White Vingar
  • 3/4 Water
  • 2-3 squirts dish soap (I like Sunlight)