If you’re looking for a way to earn extra income by renting out your home or apartment, there are many home sharing apps to choose from. With so many options, it can be overwhelming to decide which one to use. In this comprehensive guide, Opposingdigits will take a look at some of the best home-sharing apps available and what makes them stand out.
Home sharing apps have become increasingly popular over the years, with more and more people looking for ways to earn extra income by renting out their homes or apartments. These apps provide a platform for hosts to list their properties and for guests to find affordable and convenient accommodations for their travels.
What are home sharing apps?
Home sharing apps are online platforms that connect hosts with guests who are looking for a place to stay. These apps allow hosts to list their properties and offer them to guests for a fee. Guests can browse through listings and choose the one that best fits their needs and budget. Home sharing apps typically provide a secure and convenient booking process, as well as features like guest reviews and ratings.
Benefits of using home sharing apps
Using home sharing apps can have many benefits for both hosts and guests. For hosts, these apps provide a way to earn extra income by renting out their properties. They can also meet new people from all over the world and gain valuable hosting experience. For guests, home sharing apps offer affordable and convenient accommodations, as well as the opportunity to experience local culture and hospitality.
The best home sharing apps
Here are some of the best home sharing apps available:
Airbnb is one of the most popular home sharing apps, with over 4 million listings worldwide. It offers a wide range of accommodations, from private rooms to entire homes. Hosts can set their own prices and Airbnb charges a 3% fee for each booking. Guests can use Airbnb to find unique and affordable accommodations, as well as experiences and activities in their destination.
Vrbo (Vacation Rentals By Owner) is a home sharing app that focuses on vacation rentals. It has over 2 million listings worldwide and allows hosts to rent out their entire homes or apartments. Vrbo charges a 5% commission on each booking and offers features like instant booking and guest screening.
Homestay is a home sharing app that specializes in connecting guests with local hosts. It has over 50,000 listings in more than 150 countries. Homestay allows hosts to offer guests a private room in their home, as well as a shared living space and meals. Homestay charges a 15% commission on each booking.
Booking.com is primarily a hotel booking website, but it also offers a home sharing section. It has over 6 million vacation rental listings worldwide and allows hosts to list their properties for free. Booking.com charges a commission on each booking and offers features like instant confirmation and free cancellation on many properties.
Agoda Homes is a home sharing app that offers over 2 million vacation rentals, apartments, and homes worldwide. It allows hosts to list their properties for free and charges a commission on each booking. Agoda Homes offers features like instant booking, guest reviews, and flexible cancellation policies.
FlipKey is a home sharing app that is owned by TripAdvisor. It offers over 300,000 vacation rentals and allows hosts to list their properties for free. FlipKey charges a commission on each booking and offers features like guest reviews and ratings, as well as a secure booking process.
Features to consider when choosing a home sharing app
When choosing a home sharing app, there are several features to consider:
Fees and commissions
Different home sharing apps have different fee structures, so it’s important to choose one that works best for your budget. Some apps charge a commission on each booking, while others charge a flat fee or a subscription fee.
Host support and services
Some home sharing apps offer additional services for hosts, such as cleaning and maintenance, key exchange, and guest communication. These services can be helpful for hosts who want to save time and streamline their hosting process.
Guest screening and verification
Home sharing apps may offer features like guest reviews, ratings, and verification to ensure that guests are trustworthy and respectful. These features can help hosts feel more comfortable renting out their properties to strangers.
The booking process and payment options
The booking process and payment options can vary between home sharing apps. Some apps offer instant booking, while others require hosts to approve bookings. Payment options can include credit cards, PayPal, and bank transfers.
Insurance and protection policies
Home sharing apps may offer insurance and protection policies for hosts and guests. These policies can provide coverage for damages, theft, and other incidents that may occur during a stay.
Tips for successful home sharing
If you’re planning to rent out your home or apartment on a home sharing app, here are some tips for success:
Set clear expectations
Be upfront about your house rules, check-in and check-out times, and other expectations you have for your guests. This can help avoid misunderstandings and conflicts later on.
Keep your property clean and well-maintained
Make sure your property is clean and tidy before your guests arrive. Provide clean linens and towels, and make sure everything is in working order.
Communicate with guests
Be responsive to your guests’ questions and needs. Provide them with helpful information about your neighborhood and local attractions.
Be flexible and accommodating
Be open to accommodating your guests’ needs, whether it’s a late check-in or an extra guest. This can help ensure a positive experience for both you and your guests.
Home sharing apps provide a convenient and affordable way for hosts to rent out their properties and for guests to find unique and local accommodations. By considering the features and tips outlined in this guide, you can choose the best home sharing app for your needs and have a successful hosting experience.
Do I need to have a lot of experience to rent out my property on a home sharing app?
No, you don’t need to have any experience to rent out your property on a home sharing app. Just be sure to set clear expectations and communicate with your guests.
Are home sharing apps safe?
Most home sharing apps have safety features like guest screening and verification, as well as insurance and protection policies for hosts and guests.
How much can I earn by renting out my property on a home sharing app?
Earnings can vary depending on the location, type of property, and seasonality. It’s best to research the market in your area and set competitive prices.
What if my guests damage my property?
Most home sharing apps offer insurance and protection policies for hosts that can cover damages caused by guests. Be sure to read the terms and conditions of your chosen app’s policies.
Can I use multiple home sharing apps to list my property?
Yes, you can use multiple home sharing apps to list your property. Just be sure to keep track of your bookings and availability to avoid double bookings.