Heating bills will cost more in the winter months than summer. Utilities can also vary from month to month. Airbnb Business: Factor # 4 – Utilities and Subscriptions If you’re looking to hire an interior decorator, then I’d highly suggest you taking a quick look on one of our Design Templates. Again, my costs will be different from yours. Here’s the link to my detailed costs breakdown per unit. 1 bedroom apartments will be cheaper to furnish than a 2 bedroom apartment, and so on. This would depend on how many bedrooms that you’d need to furnish. Airbnb Business: Factor #3 – Furniture Costsīased on my own numbers, my furniture costs were around $2,000 to $3,000 dollars.

Insurance can get complicated, so if you’re interested to know more about it, check out these two options that are on the market today. In other words, any claim involving a business would be denied on the HO form. These forms have changed over the years, but one thing has remained the same all homeowner’s policies carry a “business pursuit’s exclusion”. Pro-tip: Even though a larger group can lead to more profits, but the revenue is incremental compared to the headaches of a larger group.Īll major insurance companies use similar forms developed by ISO. It’s also important to note that if your clients are primarily large groups of people because your house is set up as such, then it’s particularly important to look for an insurance policy that will cover you as a business. Now, if you are a landlord yourself, then perhaps, it’s actually a good idea to get double coverage. Luckily, I didn’t have to worry about it because I am covered by Airbnb 1 million host guarantee. It is not atypical where a landlord will ask for one month worth of rent as a security deposit. Then you tag on a variable security deposit that ranges from $500 to $2000 dollars.

My rent ranges from $1800 to $2800 dollars a month. The actual amount would vary from city to city or town to town.įor me, I have units in Mountain View, California. If you are renting in a city like Las Vegas, then I’d assume rent will be much cheaper than a city like San Francisco. Typically, your landlord or property management company will ask for a cashier check that is equal to 1st-month rent and a variable security deposit. Airbnb Business: Factor #6 – Replenishable GoodsĪirbnb Business: Factor #1 – Rent & Security Deposit.

Airbnb Business: Factor #5 – Soft Goods.Airbnb Business: Factor # 4 – Utilities and Subscriptions.Airbnb Business: Factor #3 – Furniture Costs.

Airbnb Business: Factor #1 – Rent & Security Deposit.

Starting an airbnb business